Idaho’s record surplus: $1.4 billion. Little promises ‘more tax relief,’ ‘key investments’…

The state of Idaho officially ended the 2022 fiscal year with a record $1.38 billion surplus, Gov. Brad Little and Idaho Division of Financial Management officials said Friday, writes Idaho Capital Sun reporter Clark Corbin. “Idaho’s economy is red-hot because of the resiliency of our citizens and businesses,” Little said in a press release issued Friday.

The governor said the surplus means Idaho’s government can “provide Idahoans even more tax relief and make key investments where they count” at a time when inflation is driving up the cost of basic necessities.

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