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More Education Support, New Projected Record Budget Surplus Prioritizes Tax Cuts

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BOISE, Idaho – Governor Brad Little today commented on the news that Idaho’s new fiscal year budget surplus is expected to reach a new record of over $2 billion, and is working closely with the legislature to: We promised to realize more educational investments and tax cuts. Idaho.

“Here’s what Idahoans need to know: Congress and I are committed to investing more in education and reducing taxes, in addition to the historic steps we have taken to support schools and reduce taxes. It is working.

“Idaho investment in education has increased 40% over the past three years. continue to strengthen education, because schools are the family’s partner in educating the children of our future workforce.

“Today’s numbers reflect what we see every day: Idaho’s economy is booming. People are working, businesses are thriving. No coincidence, it comes from resilient and innovative companies, hard-working citizens, and years of government fiscal conservatism.Legislation and I work together to create a place to live within our means. I took a “table economics” approach to managing my business, paying off my debts, saving just in case, and investing where I needed to. As the saying goes, “The proof is in the pudding.”

“Idaho’s success also highlights a fundamental and very clear difference between Republicans and Democrats. This is no coincidence. Republicans create the regulatory and tax environment, while Democrats tax and spend, increasing the hurdles hard-working families have to overcome.

“What is the Democratic response to the recession? Redefine recession and raise taxes.

“We see Democrats finding ridiculous new ways to undermine Idaho’s success. Only Democrats suggest that a high credit score is a bad thing, their whole approach to managing the economy defies common sense and the people of Idaho have not been fooled.

“In Biden’s national economy, the cost of everything is rising. Idahoans need to put their hard-earned money back into their bank accounts to combat record inflation and an ongoing nationwide recession. Idahoans can assure Congress that I will continue to push for tax cuts to match the additional investment in education.

“Even as the dark clouds of recession hang over the country, Idahoans can be assured that Idaho is strong and ready to withstand the impending recession. We should look to Idaho as an example of how to create prosperity.” said Governor Little.

The Idaho General Fund Revenue Report for August, issued by the Governor’s Division of Financial Management, is available at https://dfm.idaho.gov/wp-content/uploads/publications/eab/gfrr/gfrr2023/gfrr_aug2022.pdf I can do it.

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