Boise, ID – Idaho’s capitol city took in more than 105- million dollars from property taxes in 2011. That’s the largest part of general fund revenue. Boise’s city council Tuesday heard a report on the fiscal year that ended in September. About two million dollars of anticipated revenue didn’t turn up. That’s because liquor sales and franchise fees were lower than expected. But budget advisor Brent Davis says the city didn’t have a problem adjusting for that.
Brent Davis “The good news is that we did end in the black, so we didn’t have to access contingency funds. There’s not a whole lot of bad news. I guess the only part of the bad news is what does the economy have for us in the future?”
Davis was optimistic about the future in his report. He told Boise council members that economic indicators like construction and the labor market are improving. But Boise Mayor David Bieter said earlier this month he expects the city to be short four million dollars come fiscal year 2013. Bieter said that will likely mean layoffs.