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What You Should Know About the 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.

Latest Posts

Idaho’s August Tax Collections Lower Than Expected

The Idaho Statesman is reporting August tax collections were 4.4 percent below the projected $199 million because of lower-than-expected sales and individual income taxes. “Since sales-tax collections are a near real-time economic indicator, their lower-than-expected performance may raise concerns that the economy is not recovering as strongly as predicted.” – The Division of Financial Management […]

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