How Idaho Distributed its Budget Surplus

What is happening? Idaho is a fast growing state that had a nearly $2 Bill budget surplus. While that doesn’t sound like a lot to California, Texas or New York, when you’re Idaho and your total budget is about $4 billion then it is a lot.

Why is this important? Instead of the typical Republican push of refunds to taxpayers, the state chose to:

• make capital investments
• pay down debt
• enact short-term and ongoing tax cuts

How will this be important? Tax Policy Center says 27 states have passed tax cuts this year due to surpluses