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October 12, 2020

Idaho eyes $530M budget surplus

BOISE, Idaho (AP) — Potential tax relief, as well as investments in education and transportation, are on the table after tax revenue blew past projections for the third consecutive month, resulting in a projected $530 million budget surplus, Idaho Gov. Brad Little said Friday.

The Republican governor said that September revenue came in $33 million ahead of what had been forecast, bolstered by individual income tax collections of nearly 40% more than last year.

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