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January 22, 2018

Idaho expects 5% tax revenue growth

BOISE, Idaho (AP) — Idaho lawmakers on an economic outlook committee are predicting that the state will see roughly $3.8 billion in tax revenue in the 2019 fiscal year — a more than 5 percent increase from the previous year, mirroring Gov. C.L. “Butch” Otter's revenue projections for the sixth year in a row.

The Joint Economic Outlook and Revenue Assessment Committee voted Thursday afternoon to recommend that state budget writers approve Otter's forecast. The forecast predicts the state will see about $3.6 billion in tax revenue for fiscal year 2018 — the current fiscal year — which ends on June 30.


 
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