Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
JFAC analyst reports 2.5% year-over‑year General Fund maintenance increase; tax-cut bills could reduce revenues
Summary
Legislative analysts told Idaho’s Joint Finance-Appropriations Committee the FY2025 maintenance budget is about $5.404 billion (a 2.5% increase from FY2024) and flagged pending tax-cut bills — notably House Bill 40 — that could reduce revenues by an estimated $253 million in FY2026.
Keith Phibbe, Division Manager for Budget Policy Analysis, told the Joint Finance-Appropriations Committee on the General Fund "green sheet" that the legislature is currently carrying a balance and that maintenance budget actions taken so far leave an overall year-over-year maintenance increase of about 2.5%.
Phibbe said, "Every member should have a copy of this nice green piece of paper, otherwise known as the green sheet," and walked members through the major lines, noting the committee adopted a FY2025 revenue projection of $5,990,000,000 based on the Economic…
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
