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Otter Nixes $3 Million Raid on Comp Fund, Approves Rate Reduction

Friday, April 17, 2015 | 0

Idaho Gov. Butch Otter on Thursday used his line-item veto power to squash a $3 million raid on an Industrial Commission fund and signed into law a bill lowering the maximum tax rate for the same fund to 2%. Otter approved Senate Bill 1192, a bill by the Senate Finance Committee appropriating money from the General Fund to the Labor Department. However, he struck from the bill a section that would have transferred $3 million from the Industrial Administration Fund to the Workforce Development Training Fund. The bill proposed that the $3 million be earmarked for the Industry Sector Grant prog...

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