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DFM presents governor’s FY2026–27 budget to JFAC, warns of large revenue adjustments and recommends cuts
Summary
Division of Financial Management Administrator Laurie Wolf told the Joint Finance‑Appropriations Committee the governor’s FY2026–27 budget balances ongoing reductions with limited one‑time actions after an August revenue adjustment that reduced projections by about $850 million; proposals include a 3% agency holdback, Medicaid provider reductions and changes to online school funding and IDLA.
Laurie Wolf, administrator for the Division of Financial Management and the governor’s budget director, presented the governor’s FY2026–27 budget to the Joint Finance‑Appropriations Committee, saying the plan is a ‘‘balanced’’ package of ongoing reductions and limited one‑time transfers designed to preserve core services while addressing an updated revenue forecast.
‘‘Because of this revenue adjustment in August, Idaho started the fiscal year with about $850,000,000 less in projected revenue than January,’’ Wolf said, describing the early action that prompted a 3% holdback for agencies in fiscal year 2026 and targeted reversions to the general fund.
The presentation outlined several concrete actions already taken or recommended: an August executive order implementing a 3% holdback for agencies (excluding public schools) that yielded roughly $65 million in FY26 savings; reverting unused or unspent appropriations (including parts of strategic initiatives and some permanent building fund projects) to the general fund; and…
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