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State tax revenues beat forecasts again in September

Here’s a news item from the Associated Press: BOISE, Idaho (AP) — Idaho ended fiscal year 2011’s third month with more tax revenue than forecast. According to figures obtained by The Associated Press, Idaho took in $209 million in September, $4 million more than forecast. That’s $590 million in collections since July 1, or $14 million ahead of projections reduced already this year. Officials say it’s too early to say if Idaho will meet 2011 targets next July 1, with big months January and April still to come. But higher collections are reason for optimism, as they show a fragile economic recovery may be continuing. Even if Idaho collects more than anticipated, however, there’s still fear legislators must cut the 2012 budget — or raise revenue — to accommodate existing programs strapped with more demand, including public schools and Medicaid. Federal stimulus money is gone, reserves are drained.


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Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.

Named best state-based political blog in Idaho for 2013 by The Fix

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