Heading into a crucial month for tax collections, Idaho’s budget is sitting with a small — and shrinking — cushion.

The state has a projected $36.9 million balance for the spending year ending June 30, according to a Legislative Services Office report issued Monday.

That’s smaller than the $67.4 million projected balance that legislators left on the bottom line on April 2, when they adjourned the 2026 legislative session.

The current, and smaller, projected balance represents less than 1% of a general budget of more than $5.6 billion.

The LSO report was a mixed bag, however. Analysts noted that March collections beat projections across the board — for sales taxes and individual and corporate income taxes.

Either way, April is a make-or-break tax month — and not just because it comes near the end of the spending year. April is the year’s biggest month for tax collections, driven largely by personal income tax returns.