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Legislative panel recommends more cautious revenue estimates than governor for FY2025–26

2323504 · January 10, 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

The Economic Outlook and Revenue Assessment Committee told the Joint Finance-Appropriations Committee it recommends lower general fund revenue totals than Governor Little’s budget and asked legislators to be cautious about appropriations above the committee’s figures.

The Joint Finance-Appropriations Committee on Friday accepted a report from the Economic Outlook and Revenue Assessment Committee recommending lower general fund revenue projections than those used in Governor Brad Little’s budget.

The EROC committee recommended $5,990,000,000 in general fund revenues available for appropriation for fiscal year 2025 and $6,400,000,000 for fiscal year 2026. Those figures are below the governor’s recommendations; the governor’s forecast presented in the budget document showed higher totals for both years.

Why it matters: Article VII, Section 11 of the Idaho Constitution requires the state to balance appropriations within available revenue. The…

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