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Legislative analysts outline $700 million structural surplus and governor’s FY2026 budget choices

2352197 · January 8, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Legislative Services Office staff presented the governor’s FY2025–26 revenue forecast, a roughly $700 million projected structural balance for the short term, and proposed transfers and enhancements that would use part of one-time and ongoing revenue to fund education, transportation and tax relief.

Keith Bybee, division manager of Budget Policy Analysis for the Legislative Services Office, told the Joint Finance-Appropriations Committee the governor’s recommended baseline places Idaho on a substantially larger revenue platform than before the COVID period and shows a structural balance of roughly $700 million in the near term.

The governor’s recommendation, as presented by Bybee, uses a $5.9 billion ongoing revenue baseline for FY2026 and projects total expenditures near $6.26 billion in the projection period, producing the cited delta. Bybee said the current forecast reflects population growth and lingering…

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