Proposed Budget - Fiscal Year 2025
On January 8, Idaho Governor Brad Little released his recommended budget for fiscal year 2025. The proposal calls for $13.7 billion in total fund spending in fiscal 2025, including $5.3 billion in general fund spending. The budget recommendation reflects a total fund spending decrease of 1.5 percent and a general fund spending increase of 2.2 percent compared to original appropriations for fiscal 2024. General fund revenue in fiscal 2025 is forecasted to total $5.7 billion, a 7.2 percent increase compared to estimated revenue for fiscal 2024. After proposed transfers and disbursements, maintenance expenditures and proposed enhancements, the governor’s fiscal 2025 budget projects an ending balance of $265 million. The budget also projects total reserve fund balances – including the Budget Stabilization Fund, Public Education Stabilization Fund, Higher Education Stabilization Fund, and 27th Payroll Fund – of $1.2 billion, or 23 percent of recommended general fund spending.