Governor and Lawmakers Expect Higher Revenues
BOISE, Idaho (AP) — Idaho lawmakers have voted once again with Gov. C.L. "Butch" Otter's revenue projections, marking a third year in a row where legislators sided with a cautious optimism that more cash will flow into Idaho in the 2016 fiscal year.
The Joint Economic Outlook and Revenue Assessment Committee voted 13-3 Thursday in favor of the estimate Otter released Monday's State of the State address. The governor's forecast predicts $3.12 billion in tax revenue or 5.5 percent more than the current year.
The committee's recommendation now moves to the state's budget committee for final approval.
Lawmakers determine forecast early during the legislative session so that they can begin hashing out if they will also approve Otter's budget priorities.