Idaho state budget (2010-2011)

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Note: This article was last updated in 2011. Click here for more recent information on state budgets and finances.


Idaho ended FY2011 with a budget surplus of $85 million.[1]

Going into the fiscal year Idaho had a total state debt of $3,679,867,711 when calculated by adding the total of outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap as of July 2010.[2]

2011 State spending & deficit in billions[3]
Total spending Human services Education Protection Natural resources Economic development Government
$5.7 $2 $2.1 $0.3 $0.24 $0.66 $0.29
2011 Local spending & deficit in billions[4]
Total spending Pension Healthcare Education Welfare Protection Transport Deficit
$6.6 $0 $1 $2.1 $0 $0.7 $0.5 $2.4

FY 2011 State Budget

Find the state’s FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government online.[5]

General Fund Revenue Book

The General Fund Revenue Book can be found online.[6]

Category FY2010 FY2011 % Change FY2010 % Change FY2011
Individual Income Tax $960.16 $1,023.97 14.1% 6.6%
Corporate Income Tax $124.87 $141.53 30.8% 13.3%
Sales Tax $627.50 $647.29 6.6% 3.2%
Product Taxes $15.96 $20.70 1.2% 29.7%
Miscellaneous Taxes $92.46 $151.15 12.0% 63.5%
Total $1,820.96 $1,984.64 12.1% 9.0%

Budget background

Idaho's fiscal year begins July 1 and ends June 30 of the following year.[7] During the first week that the Legislature returns to session in January the Governor presents his budget recommendation. The bill must pass the House and the Senate before it was signed by the Governor.[8]

Budget figures

Gov. Otter recommended in January of 2009 a 4% holdback of appropriations for FY 2009 to finish the year with an additional 2% to be held in reserve, which the State of Idaho Joint Finance and Appropriations Committee confirmed.[9]

Idaho State Budget Comparison All Funds[10]

FY 2008 Appropriated FY 2008 Actual FY 2009 Appropriated FY 2010 Requested FY 2010 Gov’s Rec.
$6.04 billion $5.27 billion $5.90 billion $6.42 billion $5.79 billion

Idaho State Budget Comparison General Funds[11]

FY 2008 Appropriated FY 2008 Actual FY 2009 Appropriated FY 2010 Requested FY 2010 Gov’s Rec.
$2.83 billion $2.80 billion $2.96 billion $3.23 billion $2.74 billion

FY 2008 – FY 2009 Comparison of General Fund Revenue Collections[12]

Individual Income Tax Corporate Income Tax Sales Tax Product Tax Misc. Revenue Total
FY 2008 $1,430.2 $189.7 $1,142.5 $26.8 $120.7 $2,909.9
FY 2009 $1,167.9 $141.0 $1,022.2 $29.7 $104.8 $2,465.6
$ Change ($262.3) ($48.7) ($120.3) $2.9 ($15.9) ($444.3)
% Change (18.3%) (25.7%) (10.5%) 10.8% (13.2%) (15.3%)

The following table provides a history of Idaho's expenditures and gross domestic product (GDP).

Fiscal Year Expenditures (billions) GDP (billions)
2000 $6.4[13] $35.0[13]
2001 $7.0[13] $35.6[13]
2002 $7.6[13] $36.7[13]
2003 $8.0[13] $38.1[13]
2004 $8.4[13] $42.6[13]
2005 $8.9[13] $46.4[13]
2006 $9.3[13] $48.4[13]
2007 $9.8[13] $51.1[13]
2008 $10.2[13] $54.0[13]
2009 $10.7*[13] $57.0*[13]


See Idaho state budget (2008-2009) for more details.

Accounting principles

The Legislative Audits Division of the Legislative Services Office, under the direction of the Legislative Council, was charged with the responsibility to audit the State of Idaho’s Comprehensive Annual Financial Report (CAFR) and perform the annual Federal Single Audit required by federal regulations. Their audit reports were published online. Don Berg was Manager of the Division.[14][15]

The Idaho state controller was one of seven statewide elected constitutional officers in the executive branch of Idaho state government and serves a four-year term. In 1994, a constitutional amendment passed by Idaho voters changed the name of the state auditor to state controller. This amendment granted the state controller the authority to establish statewide internal pre-audit accounting controls to assure state funds were spent properly. The amendment transferred post-audit functions to the Legislative Services Office enabling separation of accounting and after-the-fact auditing operations.[16]

The state controller was the chief fiscal officer of the state of Idaho, responsible for:[16]

  • Maintaining all accounting and financial records
  • Paying all the state’s bills and employees
  • Preparing the state’s annual financial report
  • Operating the state’s Computer Service Center
Credit Rating Fitch Moody's S&P
Idaho[17] NR Aa2 AA

See also

Footnotes

  1. ↑ Businessweek "Idaho forecasts $179M budget surplus in 2012" Aug. 16, 2011
  2. ↑ State Budget Solutions “States Hide Trillions in Debt” July 22, 2010
  3. ↑ Idaho Legislature, Budget FY2011
  4. ↑ USA Spending, State Guesstimated* Government Spending
  5. ↑ CAFR
  6. ↑ 2009 General Fund Revenue Book
  7. ↑ Idaho Legislature, "Budget process," accessed April 14,2009
  8. ↑ Division of Financial Management, "Budget process," accessed April 14,2009
  9. ↑ University of Idaho, “State of Idaho Budget Holdback Update,” February 14, 2009
  10. ↑ “FY 2010 Legislative Budget Book,” accessed November 10, 2010 (dead link)
  11. ↑ Idaho State Legislature, “FY 2010 Legislative Budget Book,” accessed October 20, 2009 (dead link)
  12. ↑ Idaho State Legislature, Legislative Perspective, "General Fund Budget Update," July/August 2009
  13. ↑ 13.00 13.01 13.02 13.03 13.04 13.05 13.06 13.07 13.08 13.09 13.10 13.11 13.12 13.13 13.14 13.15 13.16 13.17 13.18 13.19 US Government Spending, "Idaho State and Local spending," accessed April 13,2009
  14. ↑ Idaho Legislative Audits Division Web site, accessed October 20, 2009
  15. ↑ audit reports
  16. ↑ 16.0 16.1 Office of the Idaho State Controller Web site, accessed October 20, 2009
  17. ↑ "State of Indiana," “State Credit Ratings-as of June 24, 2009
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