The governor said his proposed budget for fiscal year 2012 is “based on a modest but responsible 3 percent growth rate in our state revenue.” That's despite the fact that his own Division of Financial Management economists are forecasting 6.9 percent more in tax revenue will come into state coffers in fiscal 2012. Otter is proposing to budget to just the 3 percent figure - leaving $91 million on the table if the state's forecasts prove true. Lawmakers have been pessimistic about forecasts since revenues fell short in the past few years/Betsy Russell, Eye On Boise. More here. And: text of speech here.

• The governor's budget
• A flat school budget
• Otter backs teacher 'pay-for-performance'
• Otter wants business incentives
• Guv addresses Tax Commission trouble
• Guv: State more efficient now
• Folo: Betsy Russell's live-blogging of State of the State speech

Question: Do you have high hopes for 2011 Legislature?