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<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><img width="624" height="147" style="width:6.5in;height:1.5277in" id="_x0000_i1025" src="cid:image001.png@01D84024.2BEE56B0" alt="Graphical user interface, text
Description automatically generated"></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"> <o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">FOR IMMEDIATE RELEASE<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">March 25, 2022<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing" align="center" style="text-align:center"><b><u><span style="font-size:22.0pt;font-family:"Segoe UI",sans-serif">Gov. Little: Paying off debt, addressing needed repairs, paying cash for big projects is simple ‘kitchen table’ budgeting<o:p></o:p></span></u></b></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">Boise, Idaho – Governor Brad Little commented on his signature this week of legislation that pays off state building debt, starts clearing out the list of needed repairs in state buildings
and other infrastructure, and pays cash for new projects. The proposals were part of Governor Little’s “Leading Idaho” plan.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing" style="margin-left:.5in"><b><i><span style="font-family:"Segoe UI",sans-serif">“In Idaho, we run state government like a responsible family runs its household budget. In the good years, you plan for the bad years. You live within your
means, save for a rainy day, and pay down any debt as quickly as you can. <o:p></o:p></span></i></b></p>
<p class="MsoNoSpacing" style="margin-left:.5in"><b><i><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></i></b></p>
<p class="MsoNoSpacing" style="margin-left:.5in"><b><i><span style="font-family:"Segoe UI",sans-serif">“That’s exactly what we are doing in Idaho, and the steps we’re taking today to use our record budget surplus to pay off state building debt, start clearing
out needed repairs in our infrastructure, and paying cash for big projects means we’ll save Idaho taxpayers tens of millions of dollars down the road.
<o:p></o:p></span></i></b></p>
<p class="MsoNoSpacing" style="margin-left:.5in"><b><i><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></i></b></p>
<p class="MsoNoSpacing" style="margin-left:.5in"><b><i><span style="font-family:"Segoe UI",sans-serif">“We’re doing all this in addition to providing historic tax relief and record investments in schools, roads, water, and other key areas. We’re showing Washington
D.C., and the rest of the country how to do it right, and the strength of Idaho’s economy proves it,”</span></i></b><span style="font-family:"Segoe UI",sans-serif"> Governor Little said.<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif">As part of his “Leading Idaho” plan, Governor Little recommended, and the Legislature appropriated:<o:p></o:p></span></p>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><span style="font-family:"Segoe UI",sans-serif">$175.8 million in the Department of Administration’s bond payment program, averting $63 million in interest payments while lowering base budget costs at
key agencies<o:p></o:p></span></li></ul>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><span style="font-family:"Segoe UI",sans-serif">$18.5 million to pay off portions of GARVEE transportation bonds, averting interest of $3.5 million and freeing up additional ongoing transportation funding.
<o:p></o:p></span></li></ul>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><span style="font-family:"Segoe UI",sans-serif">$244 million as the first installment on a 10-year plan to clear out the state building deferred maintenance backlog (Governor recommended $250 million).
A recent study revealed the state had a deferred maintenance backlog in excess of $900 million.
<o:p></o:p></span></li></ul>
<p class="MsoNoSpacing"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNoSpacing" style="mso-list:l0 level1 lfo1"><span style="font-family:"Segoe UI",sans-serif">$368.5 million for major capital projects (Governor recommended $372.5 million) that include, for example, $112.4 million for an 848-bed female prison,
$37.6 million for medical annex complex improvements at the Department of Correction, $37 million for Chinden Campus improvements, and $29 million for a combined lab at the Idaho State Police.
<u>Paying cash for these projects avoids debt service and ultimately saves taxpayer dollars.</u><o:p></o:p></span></li></ul>
<p class="MsoListParagraph"><span style="font-family:"Segoe UI",sans-serif"><o:p> </o:p></span></p>
<p class="paragraph" align="center" style="text-align:center;background:white"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black"># # #</span></span><span class="eop"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="paragraph" style="background:white"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span class="eop"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="paragraph" style="background:white"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black">NEWS MEDIA CONTACT: Marissa Morrison
</span></span><span class="spelle"><span style="font-family:"Segoe UI",sans-serif;color:black">Hyer</span></span><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black">, Press Secretary</span></span><span class="eop"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="paragraph" style="background:white"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black">208-943-1686 or </span></span><span style="color:black"><a href="mailto:marissa.morrison@gov.idaho.gov"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:#0563C1;text-decoration:none">marissa.morrison@gov.idaho.gov</span></span></a></span><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span class="eop"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="paragraph" style="background:white"><span class="normaltextrun"><span style="font-family:"Segoe UI",sans-serif;color:black">--</span></span><span class="eop"><span style="font-family:"Segoe UI",sans-serif;color:black"> </span></span><span style="font-family:"Segoe UI",sans-serif"><o:p></o:p></span></p>
<p class="paragraph" style="background:white"><span style="color:black"><a href="https://visitor.r20.constantcontact.com/manage/optin?v=001jPcDrZTUF2iffZAaFR5CaCO9D9OTNmcIrS9m2JnRBQLxSmCCDvAfzkhQC6WRNcW4O6931CUyPvAzTSP21AiJ4rioUvabaHbWJxzuwF2hEYM%3D#_blank"><span class="normaltextrun"><i><span style="font-family:"Segoe UI",sans-serif;color:#0563C1;text-decoration:none">Sign
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<p class="paragraph" style="background:white"><span class="normaltextrun"><i><span style="font-family:"Segoe UI",sans-serif;color:black">Reply to this e-mail to unsubscribe</span></i></span><o:p></o:p></p>
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