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Idaho state budget (2008-2009)
Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Idaho faced a $218 million budget gap for fiscal year 2009. The Center on Budget and Policy Priorities projected a larger deficit for fiscal year 2010, $411 million.[1] In March 2009 officials noted that for the 19th month in a row the state's unemployment rate continued to rise.[2] Gov. Otter noted in his State of the State speech that he recommended the use of no more than 35 percent of the state's total reserves. "The unfortunate reality is we just don’t know how long or how bad this economic downturn is going to be. It is by far the wiser and more prudent course to be cautious and conservative in how we use reserve accounts, “ said Gov. Butch Otter.[3]
Budget background
- See also: Idaho state budget and finances
Idaho's fiscal year begins July 1 and ends June 30 of the following year. In September individual state agencies submit their budget requests for the next fiscal year. Between October and November the governor hears from each agency and works with analysts before completing the recommended budget for the upcoming fiscal year.[4] During the first week that the Legislature returns to session in January, the governor presents their budget recommendation. The bill must pass the House and the Senate before it is signed by the governor. If it does not pass both houses or the governor vetoes the bill, the process starts over. Adjustments to the bill can be made throughout the year after the bill has already been enacted.[5]
Budget figures
The following table provides a history of Idaho's expenditures and gross domestic product (GDP).
Fiscal year | Expenditures (billions) | GDP (billions) |
---|---|---|
2000 | $6.4[6] | $35.0[6] |
2001 | $7.0[6] | $35.6[6] |
2002 | $7.6[6] | $36.7[6] |
2003 | $8.0[6] | $38.1[6] |
2004 | $8.4[6] | $42.6[6] |
2005 | $8.9[6] | $46.4[6] |
2006 | $9.3[6] | $48.4[6] |
2007 | $9.8[6] | $51.1[6] |
2008 | $10.2[6] | $54.0[6] |
2009 | $10.7*[6] | $57.0*[6] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
See also
- Idaho government sector lobbying
- Idaho state budget and finances
Footnotes
- ↑ Center on Budget and Policy Priorities, “State budget troubles worsen, “ March 13,2009
- ↑ Cite error: Invalid
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- ↑ Cite error: Invalid
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- ↑ Idaho Legislature, “Budget process, “ accessed April 14,2009
- ↑ Division of Financial Management, “Budget process, “ accessed April 14,2009
- ↑ 6.00 6.01 6.02 6.03 6.04 6.05 6.06 6.07 6.08 6.09 6.10 6.11 6.12 6.13 6.14 6.15 6.16 6.17 6.18 6.19 US Government Spending, “Idaho State and Local spending, “ accessed April 13,2009
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