Idaho economy blows past projections for October

[Gov. Brad Little]

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FOR IMMEDIATE RELEASE

November 7, 2022



Idaho economy blows past projections for October



Boise, Idaho - Governor Brad Little commented today on state revenues for the month of October coming in $48 million ahead of projections, bringing the state budget nearly even with the forecast for the current budget year.



"Idaho's powerful economy and enduring budget stability are proof that fiscal conservatism leads to prosperity and opportunity for the people we serve. In Idaho, we approach government like any responsible family would approach their household budget - we live within our means, save for a rainy day, pay off debt, give money back, and make investments where they count.



"Year after year, we have provided record tax relief and added investments in education, roads, and other key infrastructure to keep up with growth and maintain the highest quality of life. I want to thank the people and businesses of Idaho for their confidence in and love of our great state," Governor Little said.



The positive news about the state revenue figures comes after Idaho raked in numerous top spots in national rankings<https://gov.idaho.gov/pressrelease/more-top-rankings-pile-in-for-idaho/> for economic strength and financial stability.



The Idaho General Fund Revenue Report for October can be found here: https://dfm.idaho.gov/wp-content/uploads/publications/eab/gfrr/gfrr2023/gfrr_nov2022.pdf



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