Division of Financial Management

Background

The Division of Financial Management or DFM helps craft Idaho’s state budget and budget policies for the Governor. They’re the money people. DFM is part of the Executive Office of the Governor. It’s headed by Administrator Wayne Hammon and 18 other budget analysts and economists.

There are four bureaus within DFM: the Budget Bureau, the Management Services Bureau, Policy Bureau, and the Economic Analysis Bureau. Each, provides policy guidance and oversight on behalf of the Governor.

The Division publishes regular state economic forecasts, keeps track of the money coming in and going out of Idaho’s bank accounts and crafts an annual budget which is recommended to the Legislature as a starting point for setting Idaho’s final yearly spending plan.

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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.

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

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, […]

March 7, 2013

February Tax Collections Exceed Estimate By Nearly 20 Percent, Growth Could Be Short-Lived

The amount of money that came into Idaho’s main bank account in February exceeded expectations by nearly 20 percent. The Idaho Division of Financial Management published its monthly general fund revenue report today. DFM says February’s receipts beat the forecast because of higher-than-expected revenue in each of Idaho’s main tax categories: individual income, corporate, sales, […]

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 12, 2012

Gov. Otter Appoints Jani Revier To Head Division Of Financial Management

Gov. C.L. “Butch” Otter today named Jani Revier to be his new budget director at the Division of Financial Management. Here’s the press release from the governor’s office: (BOISE) – Governor C.L. “Butch” Otter announced the appointment today of Jani Revier – a senior member of his staff during three terms in Congress – to […]

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, […]

November 8, 2012

Idaho’s General Fund Posts October Decline

Idaho’s Division of Financial Management reports state revenue came in 4.6 percent below projections for October. DFM’s monthly general fund revenue report shows individual and corporate income taxes came in below expectations, while Idaho’s sales tax collections exceeded forecasters’ predictions. October revenue came in at $206.3 million, which is $10 million less than predicted. Fiscal-year-to-date […]

October 5, 2012

State Revenue Comes In Nearly 4 Percent Above Prediction In September

Tax collections to the state’s main bank account came in 3.7 percent above expectations for the month of September. Three months into this fiscal year, Idaho tax collections are 5.7 percent above the previous year. The Division of Financial Management’s general fund revenue report shows individual income tax, sales tax and product tax collections exceeded […]

What You Should Know About the Division of Financial Management