Otter: Economy dimming, leaving his 2009 budget $82 million short 
by IBR Contributor
Published: February 15,2008
Time posted: 1:00 am
The outlook for Idaho's economy is dimming. In new figures released yesterday by Governor Butch Otter's office, tax revenue for the current fiscal year is expected to grow by just 1.8 percent – less than half the growth forecast in January.
And for fiscal year 2009 that starts in July, Otter's economists say tax revenue growth will slide to 2.8 percent – down from a previously predicted 3.4 percent.
With only $2.9 billion expected to be coming into the state, that leaves about $82 million short of cash to fund all the things he wants in his 2009 budget.
Wayne Hammon, Otter's budget chief, says that means everybody will have to compromise.
Hammon says, “There's a lot of stuff there that we're going to have to trim.”
![[Print]](http://idahobusinessreview.com/wp-content/plugins/tdc-sociable-toolbar/print.png)
![[Email]](http://api.addthis.com/oexchange/0.8/forward/email/offer?url=http://idahobusinessreview.com/2008/02/15/otter-economy-dimming-leaving-his-2009-budget-82-million-short/&title=Otter: Economy dimming, leaving his 2009 budget $82 million short <span class="dmcss_key_icon"><img alt="(access required)" src="http://idahobusinessreview.com/wp-content/plugins/tdc-paywall/images/lock1.gif" border=0/></span>)
![[RSS Feed]](http://idahobusinessreview.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://del.icio.us/post?url=http://idahobusinessreview.com/2008/02/15/otter-economy-dimming-leaving-his-2009-budget-82-million-short/&title=Otter: Economy dimming, leaving his 2009 budget $82 million short <span class="dmcss_key_icon"><img alt="(access required)" src="http://idahobusinessreview.com/wp-content/plugins/tdc-paywall/images/lock1.gif" border=0/></span>)
![[Facebook]](http://idahobusinessreview.com/wp-content/plugins/tdc-sociable-toolbar/facebook.png)
![[Twitter]](http://twitter.com/home/?status=Otter: Economy dimming, leaving his 2009 budget $82 million short <span class="dmcss_key_icon"><img alt="(access required)" src="http://idahobusinessreview.com/wp-content/plugins/tdc-paywall/images/lock1.gif" border=0/></span>+http://idahobusinessreview.com/2008/02/15/otter-economy-dimming-leaving-his-2009-budget-82-million-short/)
