Idaho’s projected state budget deficit increases to $58.3 million

Clark Corbin

(Idaho Capital Sun) Idaho’s projected state budget deficit for the current fiscal year 2026 has increased to $58.3 million, according to the state’s latest revenue forecasts and budget documents released this week.

The projected deficit has increased from a month ago, when the state budget was projected to end the fiscal year with a $56.6 million deficit , the Idaho Capital Sun previously reported.

Overall, state revenues have come in below forecasts in three out of the first four months of the current fiscal year, state records show.

According to the November edition of the General Fund Budget Monitor report published by the nonpartisan Idaho Legislative Services Office on Wednesday, total state revenue collections have come in $103.1 million, or 5.8%, less than th