State projected to end 2026 fiscal year with $80 million budget deficit

A new budget report from the Idaho Legislature shows the state of Idaho is projected to end the current fiscal year 2026 with a budget deficit of nearly $80 million, which would violate the Idaho Constitution.

According to the FY26 General Fund Budget Monitor for August , “After accounting for updated revenue projections, the projected ending balance is negative $79.9 million.”