BOISE, Idaho — Editor's note: The above video from June 2021 discusses where the money from Idaho's near-record budget surplus comes from.
(AP) — Idaho's budget surplus is up to $1.4 billion.
The state Division of Financial Management on Friday says it based the increase on a revised general fund revenue forecast it does every August for the current fiscal year to account for current economic conditions and law changes.
The agency says the surplus comes from a nearly $900 million ending balance for the previous fiscal year that ended June 30 combined with another $513 million more than the forecast used by lawmakers to set the state's budget last May for the current fiscal year, which ends next summer.