Archive by author: Lincoln SmyserReturn
Boise, Idaho – Under the direction of Governor Brad Little and State Treasurer Julie Ellsworth, the State of Idaho will not borrow money in the bond market to meet anticipated cash flow requirements for the current fiscal year. This is the first year since 1982 that the Idaho State Treasurer will not issue a State of Idaho Tax Anticipation Note (TAN) to meet the anticipated cash flow requirements due to the time lag between when state revenue is received and when state expenses are incurred. ...
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“This prudent approach is a huge win for Idaho taxpayers. It saves General Fund dollars with respect to cash flow management. It also leverages the CARES Act dollars and puts them to work for Idahoans while still making these funds readily available to Idaho small businesses as this COVID-19 situation continues to unfold,” State Treasurer Julie Ellsworth said.
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Treasurer Ellsworth, Senator Risch, Senator Crapo, Rep. Simpson and Rep. Fulcher's effort's to help with SRS funding.
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Press Release for county distribution breakdown for SRS funding to schools and roads.
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