Idaho Deficit May Be Bigger Than Expected

Idaho's budget deficit may be five times bigger than Gov.  "Butch" Otter announced this month, leaving lawmakers with gut-wrenching decisions.  House Assistant Majority Leader Scott Bedke says the gap in fiscal year 2012 may reach $185 million. Less than a month ago, Otter based his proposed 2012 spending plan on a deficit of just $35 million.  Bedke says it may cost as much as $70 million over two years to conform Idaho's state tax code to federal rules.  Sales tax rebates for alternative energy projects also could cost nearly $50 million.  And lawmakers aren't convinced Idaho will collect $33 million in tax revenue above the current forecast, as Otter hoped.