No budget surplus expected as Idaho begins new fiscal year today
After state budget projections missed the mark by more than $120 million in May, budget officials were not expecting the state of Idaho to end its fiscal year on Sunday with a budget surplus — a departure from record surpluses in recent years.
Idaho runs on a fiscal year calendar that begins July 1 and ends June 30. Fiscal year 2024 just ended, and fiscal year 2025 is just beginning.
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