Stories from Tuesday, January 17, 2012

The Governor's State of the State Address marks the beginning of a new session. It was an optimistic speech based on slow but continuing economic gains throughout Idaho. The Governor has asked for the restoration of approximately $60 million in stabilization accounts, $41 million in additional one-time employee compensation, and $45 million in undefined "ongoing" tax relief. ...

General fund revenue collections for November were up only up $0.4 million from last November. Cumulative collections year to date through November were $42.8 million more than last year. In August the Division of Financial Management revised upward the revenue projections by about $160 million, but this is the fourth month in a row that revenue has come in below the revised projection fora cumulative total of $16.2 million less than projected. I...