{"id":2703,"date":"2011-12-07T17:22:54","date_gmt":"2011-12-08T00:22:54","guid":{"rendered":"http:\/\/stateimpact.npr.org\/idaho\/?p=2703"},"modified":"2012-01-03T13:17:47","modified_gmt":"2012-01-03T20:17:47","slug":"governor-otter-says-state-budget-surplus-unlikely","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/idaho\/2011\/12\/07\/governor-otter-says-state-budget-surplus-unlikely\/","title":{"rendered":"Governor Otter Says State Budget Surplus Unlikely"},"content":{"rendered":"

As we reported earlier today<\/a>, the Division of Financial Management released its monthly state revenue report<\/a>, which shows November tax collections didn’t meet expectations.\u00a0 Collections were $5.4 million below DFM’s monthly forecast.<\/p>\n

\"\"<\/a>

State of Idaho<\/p>

Idaho Governor C.L. "Butch" Otter<\/p><\/div>\n

In advance of this news, Governor C.L. “Butch” Otter sent this letter<\/a> to his Cabinet, warning any projected budget surplus isn’t likely.<\/p>\n

“Unfortunately, actual revenues once again are significantly lower than projections. For November, collections were $5.4 million short of the projection, for a cumulative year-to-date shortfall of $16.2 million. In addition, even the lower-than-projected November figure was bolstered by one-time funds from the unclaimed property account. Without this unanticipated $5.8 million, the year-to-date shortfall would be about $22 million and all five categories of General Fund revenue would have been negative for the month.” – Governor Otter<\/p><\/blockquote>\n

It’s important to note the state is not currently facing a $16.2 million shortfall, as reported here<\/a>.\u00a0 The legislature’s chief budget analyst, Cathy Holland-Smith, says that $16.2 million figure is the difference between DFM’s year-to-date revenue projection<\/em> and actual money in the bank.\u00a0 The state won’t know if its finances are in the red or the black until end of the fiscal year (June 2012).<\/p>\n","protected":false},"excerpt":{"rendered":"

As we reported earlier today, the Division of Financial Management released its monthly state revenue report, which shows November tax collections didn’t meet expectations.\u00a0 Collections were $5.4 million below DFM’s monthly forecast. In advance of this news, Governor C.L. “Butch” Otter sent this letter to his Cabinet, warning any projected budget surplus isn’t likely. “Unfortunately, […]<\/p>\n","protected":false},"author":40,"featured_media":2705,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121],"tags":[27,55],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/2703"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/comments?post=2703"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/2703\/revisions"}],"predecessor-version":[{"id":3407,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/2703\/revisions\/3407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media\/2705"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media?parent=2703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/categories?post=2703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/tags?post=2703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}