State Budgets: Idaho Cuts Spending, Preserves Rainy Day Fund January 1, 2009 Joseph Bishop-Henchman Joseph Bishop-Henchman Idaho Gov. C.L. “Butch” Otter (R) in December ordered state agencies to cut 3% from their budgets, on top of a 1% reduction ordered in September, and plan for a 6% cut in 2010. The $82 million savings, in addition to $22 million of other cuts, balances the newly revised $2.77 billion budget for this year. Otter has said he opposes scaling back an expansion of a grocery credit. He also opposes drawing on the state’s $300 million rainy day funds until the 2010 budget, which will be unveiled early in 2009. More on Idaho here. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Idaho Tags State Tax and Spending Policy