Tax Relief

Gov. Little highlights the plan for funding in training, tax breaks in 2022. State and family handle

Boise, Idaho – During his state of the art and budget address today, Governor Brad Little reflected on the strength of Idaho’s economy and budget before setting out his LEADING IDAHO plan to put more money in Idaho’s pockets and Make strategic investments in education and other areas to move Idaho even further.

“Idaho’s success is no accident,” said Governor Little. “While other states were liquidating their rainy daily allowances and politicians in Washington, DC asked for bailouts, we rolled up our sleeves together, made tough decisions, and ran Idaho.”

Highlights of Governor Little’s state and budget address and the LEADING IDAHO plan include:

  • BUDGETARY DISCIPLINE – A glowing economy combined with years of fiscal conservatism have positioned Idaho for another record budget surplus. Idaho’s surplus is higher than ever – $ 1.9 billion and beyond – accounting for 40 percent of the General Fund. Governor Little is proposing to pay off the state’s debt, clear a third of the backlog of infrastructure repairs, and bring rainy daily allowances to record levels.
  • EDUCATION – Governor Little proposes making the largest investment ever in education in Idaho – more than $ 1.1 billion over the next five years. Key areas include literacy, teacher salaries and benefits, and the new EMPOWERING PARENTS scholarships that allow families to keep control of their children’s education.
  • TAX RELIEF – In Governor Little’s first term, we returned $ 1 billion in tax breaks to the Idaho people, and now Governor Little is proposing more than $ 1 billion more tax breaks for working families over the next five years. It is especially important to put tax breaks into effect immediately to make life with historical inflation easier under Biden’s supervision. Governor Little also suggests setting tax cuts for small businesses in Idaho.
  • TRANSPORT – Governor Little advocated historic investments in transportation infrastructure over the past year without increasing taxes or fees. This year, he proposes further investments in roads and bridges to keep pace with growth, keep Idahoans safe, make trade easier, and save time on the road. The plan provides one-time funding of $ 200 million for local bridges and ongoing funding of $ 200 million to fully fund known maintenance gaps without new taxes.
  • PUBLIC SAFETY – Access to our land on the US-Mexico border is controlled by Mexican drug cartels. The inaction of the Biden administration is adding to a growing drug threat in Idaho. In the coming weeks, Governor Little will be introducing OPERATION ESTO PERPETUA, a move that will bring law enforcement agencies and families together in new ways to tackle the influx of killer drugs like fentanyl into our state.
  • BEHAVIORAL HEALTH – Governor Little’s plan accelerates the implementation of the recommendations of the three-branch Council on Behavioral Health. His plan allocates $ 50 million to improve access to behavioral health resources for Idahoans of all ages, to improve lives and make our communities safer.
  • ELECTION INTEGRITY – To build Idahoans’ confidence in their elections, increase transparency, and give citizens confidence in their elections, Governor Little proposes the new Cyber ​​Response and Defense Fund and Proactive Integrity Checks.

For a detailed breakdown of the governor’s budget highlights, including investing in education, public safety, transportation, broadband, agriculture and natural resources, water quantity and quality, fire, outdoor recreation, energy, health capacities, veterans homes and other areas, please see: https://gov.idaho.gov/wp-content/uploads/2022/01/fy23-budget-highlights_jan2022.pdf

The full text of the governor’s 2022 state and budget address can be found here: https://gov.idaho.gov/wp-content/uploads/2022/01/2022-sots.pdf

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