Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Idaho revenue forecast shows roughly $700 million structural surplus; governor proposes modest drawdown to fund 2026 budget
Summary
Keith Bybee, division manager of budget policy analysis for the Legislative Services Office, told JFAC the governor’s forecast shows a roughly $700 million structural surplus across FY2025–FY2026 and recommends leaving $338 million (FY2025) and $227 million (FY2026) in general-fund cash balances.
Keith Bybee, division manager of budget policy analysis for the Legislative Services Office, briefed the Joint Finance-Appropriations Committee on the state’s revenue and expenditure outlook for fiscal 2025 and 2026.
Bybee told the committee that the state’s revenue projections show a persistent delta between ongoing revenues and ongoing obligations: “you’re maintaining that delta of about $700,000,000 over the long term,” he said when describing structural balance under the governor’s forecast. He said the governor’s recommendation would leave a projected $338 million ending cash balance for FY2025 and a $227 million ending balance for FY2026.
The presentation traced why revenues rose rapidly during…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
