Idaho state budget (2011-2012)

Note: This article was last updated in 2012. Click here for more recent information on state budgets and finances.

See also: Archived Idaho state budgets

The state budget for FY 2012 totaled $2.2 billion, down from the $3.2 billion budget of FY 2007. The Division of Financial Management reported that general fund receipts were 4.4 percent below the projected $199 million in August 2011.

Surplus

The state ended FY 2012 with revenues up 5.9 percent, approximately 1.5 percent above the official projection from state economists. The state ended up with $2.587 billion in tax receipts.

On the governor’s recommendation, the legislature enacted provisions transferring most of the excess revenue into the Budget Stabilization Fund – the state’s primary “rainy day” account.

Budget as passed

A FY 2012 budget summary prepared by the Division of Financial Management can be found here.

As of August 2011, Idaho was expected to end FY 2012 with a budget surplus of $179 million. That was a big change from November 2010, when the legislature's budget analysts said that the next budget could have a shortfall of between $237 million and $438 million.

Education spending

For FY 2012, Idaho devoted 25 percent of its total spending to K-12 education, up from 22.3 percent in FY 2010.

Fiscal Year	Total Spending	Education Spending	Percent Education Spending
2009	$11.5 billion	$3.3 billion	28.6%
2010	$11.8 billion	$3.2 billion	27.1%
2011	$11.5 billion	$3.2 billion	27.8%
2012	$11.3 billion	$3.3 billion	29.2%