John Gannon — Asks whether the Medicaid cost increase should be reduced by what it replaced, such as the CAT fund and property taxes.
John Gannon — Asked whether the projected reduction in corporate income tax collections for 2026 includes the conformity bill.
John Gannon — Representative John Gannon asks the witness to explain the significant difference between the witness's calculations and the Tax Commission's forecast, with particular attention to corporate income tax revenue.
John Gannon — Representative Gannon asked how the conformity estimate is broken down between full conformity and the personal versus business provisions, and the response continued addressing his question about why the estimates differ and how the range should be understood.
Jason Monks — Representative Monks is recognized and then follows up by asking Keith whether the reductions shown on the original slide were statutorily removed before the figures were counted.
Jason Monks — Said corporations are already taking advantage of OB3 through quarterly payments and asked whether that is affecting corporate tax collections.
Jason Monks — Was referenced as having asked earlier about the $3.30 million sales tax figure.
David Cannon — Representative Cannon asks whether the spending growth figures in the structural balance chart can be adjusted for population growth and inflation, and Mr. Bybee responds directly to that question.
David Cannon — Representative Cannon is recognized and asks a question about Idaho agriculture, specifically how efficiently supply and demand operate, whether there is significant lag time in asset reallocation, and how quickly the supply-demand curve moves in response to changes.
Jordan Redman — Addressed as co-chair by the speaker; likely Representative Jordan Redman/Ehlers reference in transcript, but the name is uncertain and should be treated cautiously.
Jordan Redman — Addressed by Mr. Bybee during the explanation of cash transfers and fund usage.
Jordan Redman — Addressed by Mr. Bybee in response to the question about statutory caps.
Jordan Redman — Greeted by Aaron Phipps at the start of testimony.
Jordan Redman — Addressed as one of the co-chairs; likely a transcription error for a listed member name, but kept as spoken text because uncertain.
Aaron Phipps — Aaron Phipps is introduced as an economist with the Division of Financial Management’s Economic Analysis Bureau, then he introduces himself and begins outlining his presentation on the forecast, reporting shift, and forecast assumptions.
Robert Spindlove — Robert Spindlove is introduced as the next presenter from Science Bank and identified as the bank’s senior economist. He then explains that he is testifying remotely while traveling, speaking from his car and noting his recent travel between Boise, Park City, and Moab. He begins his substantive remarks by turning to major macroeconomic issues, especially the Federal Reserve and the economic outlook for 2025 and 2026.
Steve Miller — Representative Steve Miller asks about the outlook, and the exchange continues immediately with a response addressed to him, keeping the discussion focused on the same topic.
Steve Miller — Representative Miller is initially called on, then the chair corrects to Representative Cannon.
Steve Miller — Representative Miller asks whether tariffs have affected global supplies and how the slowdown in Idaho agriculture has affected local markets and dealers.
James Woodward — Senator Woodward asks how subprime car loans are playing out.
James Woodward — Senator James Woodward asked the presenter to return to an earlier wage growth graph slide and then followed up on the chart, asking why the two lines appear to come together in 2025.
Mr. Spindlove — Thanked by the committee for explaining the economy.
Sam Wilkenhauer — Introduced as a labor economist for the Idaho Department of Labor, serving since 2015.
Sam Mokenhower / Sam Wilkenhauer (questionable) — Identifies himself as an economist with the Department of Labor and explains he is testifying remotely because his flight was canceled.
Mr. Spendlove — Referenced as the prior speaker whose comments on the labor market the witness will build on.
Mr. Spendlove — Referenced for prior comments about volatility in the federal labor market.
Mr. Spendlove — Referenced as having noted that national nonfarm growth went negative in some months.
Jordan Prasinos — Jordan Prasinos is introduced as Idaho Power’s manager of sales and demand forecasting and principal economist. He then identifies himself, explains that he oversees long-term sales and load forecasting, supports fiduciary responsibilities for pension and 401(k) investments, and interacts with the company’s banking syndicate. He closes this segment by transitioning into his presentation.
Tony Wisniewski — A speaker directly addresses Representative Tony Wisniewski, with the transcript mishearing or truncating his name as 'Wenznowski' and then 'Representative W.'; both mentions are part of the same brief exchange.
Mr. Brett Wilder — Introduced as an assistant professor and area extension educator at the University of Idaho, covering farm business management and commodity risk management.
Brent Wilder — Testified as an extension economist with the University of Idaho and emphasized agriculture's importance to Idaho's economy.
Mr. Wilder — Mr. Wilder is questioned about how supply and demand work in Idaho agriculture. He explains that agriculture is difficult to adjust quickly because production cycles vary and many crops are annual, making market responses slower than in other sectors. The discussion then continues into related issues of tariffs and their effects on local markets.
Mr. Kyle Brookman — A new witness is introduced as the next speaker.
Kyle Brookman — Kyle Brookman, representing Boise State University and speaking as part of a university forecasting committee, presents the committee’s revenue outlook. He explains that he and two other professors prepare the forecast using actual collections and projected amounts, then extend the estimates forward. He notes that revenue growth is slowing and normalizing after unusually strong prior increases, with some of the earlier stimulus-related effects having worked out of the system. He also describes how the committee members develop separate estimates and reconcile them, referencing specific revenue figures and forecast percentages, including solid growth in some categories, a negative figure in one area, and continued growth expected into fiscal year 2028.
Dr. Geisler — Identified as an Idaho State professor and committee member whose personal income forecast is being used.
Carl — Referenced as the source of a personal income growth estimate; likely part of the committee discussion, but not fully identified.
Carl Geisler — Credited with helping with the presentation; affiliation given as ISU.
Stephen Peterson — Credited with helping with the presentation; affiliation given as U of I.
Miguel Legeretta / Miguel Agareta (questionable spelling) — Introduced as president of the Associated Taxpayers of Idaho; spelling of the surname is unclear in the transcript.
Miguel Agareta (questionable spelling) — Continues his presentation on property taxes and forecasting.
Miguel Legeretta / Agareta (questionable spelling) — Responds that his forecast aligns broadly with similar thinking, but is affected by federal factors and pass-through entity behavior.
Keney — Answered questions about why his forecast differed, explaining that most revenue comes from a small share of large taxpayers.
Idaho State Tax Commission — The next presenter is introduced as being from the Idaho State Tax Commission.
Jeff McRae — Introduced as chairman of the Idaho State Tax Commission and begins his presentation.
Jeff McCrae — Introduces his presentation and says it will cover factors behind the revenue estimates and individual tax types.
Kevin Cook — Addressed as Co-Chair Cook.
Kevin Cook — Addressed as Co-Chairman Cook.
Kevin Cook — Addressed as Mr. Chairman Cook in the request for more detail on the bill's impacts.
Christopher LaHosette — Christopher LaHosette introduces himself as a budget and policy analyst with the Legislative Services Office and explains the time constraints for his presentation.
Ms. Phipps — Bybee explained that Ms. Phipps from the Division of Financial Management, together with the chief economist, would present the revenue forecast and forecast amounts.