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Staff briefs JFAC on sales tax distributions; Techum receives 4.5% of net collections and $80M earmark for bonds
Summary
Budget staff explained how sales tax collections are distributed under statute and highlighted that the general fund now receives a smaller share because of statutory earmarks, including Techum and the school modernization fund.
Budget staff gave JFAC a detailed briefing on sales tax collections, how statute distributes those receipts, and how several statutory earmarks have reduced the share that flows to the general fund.
Keith Bybee said gross sales tax collections were projected to grow from about $3.1 billion in 2024 to roughly $3.37 billion in 2025 and to about $3.5 billion in 2026. He walked members through the statutory distribution formula (Idaho Code §63‑36) that reduces gross collections by refunds and then allocates portions to revenue sharing (11.5% of net collections), Techum…
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