Jani Revier, budget director for Gov. Butch Otter, told the Associated Taxpayers of Idaho today that Idaho’s state general fund revenue hit a low of $2.3 billion in the recession year of 2010, and has steadily increased since then, topping the $3.5 billion mark for the first time this year. “General fund growth is slower than personal income growth,” she reported. Since 2008, personal income in Idaho in the aggregate has grown about 45 percent, she said. The state’s general fund budget grew 25 percent. “The largest single component of general fund receipts is individual income tax,” she said, closely followed by the sales tax. “It’s mainly driven by individual income and purchases.” State expenditures see almost half the general fund go to K-12...
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Otter's budget chief: State budget has been growing far slower than Idaho personal income