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Idaho state budget (2012-2013)
| Note: This article was last updated in 2013. Click here for more recent information on state budgets and finances. |
The state's FY 2013 state budget as enacted can be found here. It increased spending 6.8 percent over the prior year.[1]
The budget included a $36 million tax relief plan that reduced the top corporate and individual tax rates from 7.6 and 7.8 percent, respectively, to 7.4 percent.[2][3]
The budget was based on a revenue estimate that was 4.5 percent above FY 2012, or $2,667,582,000 for the purpose of setting budgets.[3]
The FY 2013 state budget increased Medicaid spending by 5.7 percent, including an appropriation of $474 million in state funding.[4]
The federal aid Idaho received supported more than one-third of state spending.[5] In June 2012, the governor instructed state agencies to prepare contingency plans should they lose up to 20 percent of their federal funding. The 20 percent was a worse case scenario figure, according to Lt. Gov. Brad Little.[5]
Legislative Proposed Budget
On March 16, 2012, the Idaho House voted 58-9 to approve the FY 2013 state budget.[6] The budget included:
- Increased state support for public universities by $18.1 million
- Two percent raise for state employees
The Idaho budget book used by legislators can be found here. It is the primary reference document used by the Joint Finance-Appropriations Committee when drafting the Idaho state budget. It contains the budget requests from all state agencies along with Governor's Recommendation and analyst comments and descriptions of the agency and their budget.
Governor's Proposed Budget
Gov. Butch Otter proposed a $2.8 billion budget for FY 2013. The governor's proposed budget documents can be found here.
Of the proposed budget, $481 million, or 17 percent, was marked for Medicaid, which served more than 230,000 Idahoans. In FY 2013, the federal government paid 70.81 percent of Medicaid costs.[7]
The governor's proposal allocated $45 million for general tax relief in his FY 2013 budget proposal. He also recommended $60 million for savings and $41 million for employee raises, based on a 5.8 percent, $148 million increase in revenue in the coming year.[8]
Footnotes
- ↑ The Idaho Reporter, "Replacing one-time money, use of federal funds are factors in Idaho’s budgeting decisions," April 14, 2012
- ↑ Idaho Press "Budget writers worry about 2014 fiscal challenges" June 18, 2012
- ↑ 3.0 3.1 FY2012 Idaho Division of Financial Management, "Legislative Session Budget Activities Summary," May 2012
- ↑ Idaho Reporter, "Study compares Idaho’s soaring Medicaid spending to other reform states," June 9, 2012
- ↑ 5.0 5.1 The Idaho Statesman "Gov. Butch Otter to Idaho's agencies: plan for deep cuts in federal funds" June 17, 2012
- ↑ Businessweek, "Idaho House approves higher education budget," March 16, 2012
- ↑ Idaho Reporter "Medicaid eats up at least 17 percent of state budget and number could grow" Jan. 17, 2012
- ↑ Standard-Examiner "Idaho hesitates on tax relief" Jan. 17, 2012
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