ADVERTISEMENT
Advertise Here
Archive

Eye On Boise

State revenues for August $5.7M over target

Idaho’s state tax revenues surged another $5.7 million over the state’s projections in the month of August. When combined with the $4.5 million that state taxes beat projections in July, that puts the state $10.2 million ahead so far for the fiscal year that began July 1, according to the state’s Division of Financial Management. Individual income tax was the largest source of revenue strength in August.

Mike Ferguson, Gov. Butch Otter’s chief economist, reports the latest numbers in DFM’s monthly “Idaho Outlook” report, which also includes a look at what would happen in Idaho if the nation descends into a “double-dip” recession. However, national models now put the chances of that at 25 percent, and Ferguson notes that a double-dip is “not expected” because factors that have pushed the nation into the two previous double-dip recessions, in the late 1950s and the early 1980s, are lacking now. You can read the September report here.


Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Eye On Boise

Get blog updates by email

About this blog

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

Latest comments »

Read all the posts from recent conversations on Eye On Boise.

Search this blog
Subscribe to this blog
ADVERTISEMENT
Advertise Here