BOISE, Idaho (AP) — A pair of budget-related committees has accepted Gov. Brad Little’s projected revenue of $3.75 billion for the current fiscal year, but reduced it for the following year.
The Joint Finance-Appropriations Committee on Friday accepted a report from the Economic Outlook and Revenue Assessment Committee that met the previous day.
Lawmakers reduced revenue projections by about $100 million to $3.96 billion for fiscal year 2020 compared to Little’s projections.
Lawmakers expressed some uncertainty concerning tax revenues due to changes in tax laws, and worries about a potential economic slowdown.
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Lawmakers determine forecasts early during the legislative session so they can begin hashing out if they will also approve Little’s budget priorities.
It’s possible the Joint Finance-Appropriations Committee will adjust the numbers next month as more economic information comes in.