Last week in his House Highlights, Rep. Tom Loertscher, R-Bone, reported that state tax revenues are falling behind at an alarming rate. I haven’t seen this reported anywhere else. Why isn’t this blazoned across the front page of every newspaper in the state?

According to Rep. Loertscher, revenues are now $28 million less than projections for this fiscal year, with a $17 million shortage in February alone. And projections are what next year’s budget (spending) is based on.

Is the legislature whispering about this shortfall in the halls of the capitol? Does the Governor hope no news source gets wind of it? Is the Joint Finance and Appropriations Committee (JFAC) rushing to get the budgets set before the news leaks?

This is a big story, with ramifications for all Idahoans. Expect to hear more about it – when the legislature is over and legislators are safely at home.

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