Idaho government won’t borrow money to support cash flow for first time in 38 years

This is the first year since 1982 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.

“This move is about good government and prudent management of taxpayer dollars. Given the uncertain economic times, we must minimize state borrowing and limit the amount of General Fund that is committed to interest payments on loans,” Governor Little said.