BOISE, Idaho — In its August update , the State of Idaho's Division of Financial Management (DFM) identified a $79.9 million shortfall in the state government's budget for the current year.
A part of the Executive Office of the Governor, the DFM provides the state's executive branch with fiscal guidance, management, and oversight.
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The budget deficit reflects a downward trend in the State of Idaho's revenue forecast, which was recently estimated to be $853.9 million less than previously predicted.
Division of Financial Management
The DFM attributes the lowered state revenue forecast to two factors: recently passed legislation that will negatively impact the state's General Fund and revisio