Idaho ended fiscal 2026 $171.9 million above its revised revenue forecast
Ask Interactive NewsLook for updates to this storyFind out what has changed since this story was published.
Idaho finished fiscal year 2026 with General Fund revenue about $171.9 million above the Division of Financial Management’s revised forecast and $19.2 million above the Legislature’s forecast, the governor’s office reported.
After year-end transfers and unspent funds were returned, about $250 million was expected to move into the General Fund for fiscal 2027. The state also retained its AAA credit rating with a stable outlook from Moody’s.
Tax refunds exceeded $910 million
The Idaho State Tax Commission issued more than $910 million in individual income-tax refunds during the fiscal year, which the administration described as a state record.
Final collections remained within about 3% of the state’s original revenue forecast. The administration said it paired targeted spending reductions with continued investment in education, transportation, water infrastructure, workforce development, rural health care and public safety.
Moody’s cited reserves and low liabilities
According to the state release, Moody’s cited Idaho’s economic performance, conservative budgeting, reserve balances, liquidity, low long-term liabilities and timely budget adjustments when it reaffirmed the rating.
The figures describe the state’s year-end position. They do not by themselves allocate the fiscal 2027 balance to new projects or programs; those decisions require later budget and agency action.
Sources
- Idaho ends Fiscal Year 2026 in strong financial position, maintains AAA credit rating, Office of Idaho Gov. Brad Little
Ask Interactive NewsLook for updates to this storyFind out what has changed since this story was published.
Discover more from Interactive News
Subscribe to get the latest posts sent to your email.