How Idaho Spends State Tax Dollars

Background

This page is no longer being updated. For ongoing coverage of this topic, go to Boise State Public Radio’s website.

Idaho will spend nearly half of its $2.78 billion annual budget on K-12 public schools during the 2014 fiscal year. When you include funding for colleges, universities, public television, and ag research, more than 60 percent of the state budget is spent on education.

Here’s a broad look at how lawmakers appropriated tax payer dollars for the fiscal year beginning July 1, 2014.

Data Source: Legislative Services Office | Chart: Emilie Ritter Saunders

Nearly half of the revenue to pay for state government comes from individual income tax payers. The state expects to collect $2.77 billion in taxes during fiscal year 2014.

Data Source: Legislative Services Office | Chart: Emilie Ritter Saunders

Latest Posts

Follow this topic

July 18, 2013

Idaho Ends Budget Year With $92.3 Million More Than Expected

Idaho ended its 2013 fiscal year with 6.3 percent more revenue than in 2012. The Division of Financial Management, under the governor’s office, reports tax collections for fiscal year 2013 came in at 3.5 percent above projections. Idaho collected $2.75 billion during the budget year that ended June 30. The Division reports all general fund […]

June 7, 2013

May Tax Collections Down, Idaho On Track To Beat Fiscal Year Forecast

After a month of larger-than-expected state tax collections, the revenue report for May shows collections came in just shy of the forecast. The Division of Financial Management released its monthly general fund status update Friday afternoon. It shows state tax collections were down 2.4 percent below expectations.

June 3, 2013

Idaho Budget Writers To See Policy In Action

The lawmakers who shape Idaho’s annual budget will tour the northern part of the state this week to get a glimpse of their policy decisions in action. Members of the Joint Finance Appropriations Committee, or JFAC, will spend three days at north Idaho businesses, landmarks, and schools. Legislative budget and policy analyst Keith Bybee says […]

May 15, 2013

Idaho Lawmakers Could Have More Money To Spend Than Expected

Thanks to higher-than-expected tax collections last month, Idaho lawmakers could have more money in the bank to allocate to things like education, road repair, and health care services. That’s the hypothesis from the Idaho Center for Fiscal Policy director Mike Ferguson who analyzed the monthly revenue report and state budget. Ferguson says lawmakers could have […]

May 7, 2013

Idaho Tax Collections Come In Well Above April Forecast

In the largest unexpected increase of the fiscal year, Idaho state tax collections were up 13.2 percent above projections in April. The Division of Financial Management reports tax collections totaled $483.9 million during the largest tax-collecting month of the year. DFM forecast April collections wouldn’t exceed $427.4 million.

April 5, 2013

What Idaho’s $2.78 Billion Budget Looks Like

Idaho lawmakers approved a $2.78 billion budget for fiscal year 2014 that begins in July. That’s an $81 million increase, 2.9 percent, over fiscal year 2013. As the chart shows, nearly half of the state’s annual budget goes to fund K-12 public schools. When you include funding for colleges, universities, and “other education“, that’s more […]

State Tax Revenue Continued To Beat Forecasts In March

The Division of Financial Management reports revenue collections for the month of March were 4.4 percent above predictions. The monthly general fund monitor is a short-term indicator of the tax collections coming into the state, which are used to budget for and fund state programs. Idaho’s General Fund increased by $138.1 million in March 2013, […]

January 15, 2013

Idaho’s Health And Welfare Director Sets Different Tone For Budget Process

After the recession years of cutting staff and budgets at the Idaho Department of Health and Welfare, the department’s director says the agency is now “hanging on” and is asking lawmakers to fund 24.9 new full time positions. Health and Welfare director Dick Armstrong approached the Legislature’s main budget panel yesterday with a different tone […]

January 8, 2013

Idaho Budget Office Lowers Revenue Estimate, December Slightly Below Forecast

The governor’s budget office has revised down its revenue projections for fiscal year 2013 by $12.7 million. The current budget year reduction will go from $2.67 million to $2.658 million, as revenue collections have been slightly below forecasts. The Division of Financial Management reports the largest declines are from corporate income taxes and sales tax. […]

December 10, 2012

Idaho’s November Tax Collections Come In Slightly Below Forecast

Idaho’s Division of Financial Management reports general fund tax collections for November were down slightly from projections. The general fund is Idaho’s main bank account that’s used to pay for state government. Its balance is what legislators use to appropriate spending to all state agencies. The largest shortfall in November came from individual income taxes, […]