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Idaho’s projected budget deficit estimated at $40 million heading into 2026 legislative session

by CLARK CORBIN Idaho Capital Sun
| December 12, 2025 12:35 PM

Idaho’s state budget is projected to end the current fiscal year 2026 with a deficit of $40.3 million, according to the last major revenue report that the state is expected to release before the upcoming 2026 legislative session begins in January.

According to the December edition of the Fiscal Year 2026 General Fund Budget Monitor report released Thursday by the nonpartisan Idaho Legislative Services Office, Idaho’s state budget is projected to end the current fiscal year 2026 on June 30 with a deficit of $40.3 million. That number includes the 3% budget holdbacks that Gov. Brad Little ordered in August, as well as the latest revenue collections that the state took in in November.

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