Idaho projected to see $139M surplus

BOISE, Idaho (AP) ��� Idaho could be on track to finish the fiscal year with $139 million in surplus tax revenue if a new forecast holds true.

The state’s legislative budget office released the projection Thursday for the year ending next June 30, estimating that Idaho should take in nearly $3.44 billion in state taxes and fees.

The amount is $92 million more than what lawmakers initially estimated and would make for a surplus of $139 million.

Legislative analysts say the last time Idaho saw a similar budget surplus was in fiscal 2012

The new report followed an announcement that November was the first month Idaho’s receipts did not meet the forecast ��� falling $7 million shy of the projected $230.6 million.

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This story has been corrected to show that the anticipated total revenue for fiscal year 2017 is $3.44 billion.