Idaho’s booming economy blows past projections, paving way for more tax relief, investments in education

At a press conference in Coeur d’Alene today, Governor Brad Little announced Idaho’s economy and state budget continue to strengthen, paving the way for even more tax relief for Idahoans and added investments in education, roads, clean water, broadband and other areas next year.

Governor Little said Idaho’s booming economy resulted in May state revenue figures coming in $580 million ahead of forecast – the best month for state revenues in the history of Idaho – with the potential to end the fiscal year in June with another record budget surplus of close to $800 million, an all-time high.

“Years of fiscal conservatism, swift action during the pandemic, few COVID restrictions, responsible allocation of federal relief dollars, and our relentless focus on cutting red tape are the reasons Idaho’s economy is catapulting ahead of other states right now,” Governor Little said.

The good news about Idaho’s stable budget means Governor Little will advocate for even more tax relief and strategic investments in key areas, with education topping the priority list.

Just last week, Governor Little’s budget office informed state agencies he will keep state government spending lean in order to make meaningful investments in education and maintain a structurally balanced budget.

With Idaho’s record budget surplus this year, Governor Little and the Idaho Legislature achieved the largest tax cut in state history and strategic investments in transportation, education, and other key areas as part of Governor Little’s “Building Idaho’s Future” plan.

The May revenue figures posted by the Division of Financial Management today are available here: https://dfm.idaho.gov/publications/eab/gfrr/gfrr2021/gfrr_jun2021.pdf

 

There is no custom code to display.

Blogs

670 KBOI GUEST BLOG: Governor Brad Little

670 KBOI GUEST BLOG: Governor Brad Little

670 KBOI GUEST BLOG: Governor Brad Little Idaho to help secure U.S.-Mexico border because Biden won’t July 7, 2021 Last week I announced my plan to send Idaho State Police (ISP) troopers to Arizona to help secure the United States-Mexico border and curb the flow of illegal drugs into Idaho due to failed Biden-Harris immigration…

670 KBOI GUEST BLOG: Speaker of the House Scott Bedke

670 KBOI GUEST BLOG: Speaker of the House Scott Bedke

670 KBOI GUEST BLOG: Speaker of the House Scott Bedke   Happy Birthday, Idaho – Let’s Celebrate and Maintain the Idaho Way BY: Speaker of the House Scott Bedke, Oakley There is no better place to live, work, and raise a family than Idaho. As a proud Idaho native who believes, promotes and lives our…

670 KBOI GUEST BLOG: Governor Brad Little

670 KBOI GUEST BLOG: Governor Brad Little

670 KBOI GUEST BLOG: Governor Brad Little     It’s more important than ever to tell teachers we value them By Governor Brad Little It is Teacher Appreciation Week across the country, and while one week is hardly enough time to show our teachers how much we value them, it is a good opportunity to…

Worthington BLOG: Boise State Football and the NFL Draft

Worthington BLOG: Boise State Football and the NFL Draft

Worthington BLOG: Boise State Football and the NFL Draft 4/29/21   The NFL Draft is what I consider the best non-sports sporting event of the year.  I wish I knew a better way to say it. Consider it like this, what other event gets sports fans fired up without ever seeing a team even take the…