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Eye On Boise

Mon., Nov. 7, 2011, 4:05 p.m.

October state revenues barely miss target

Idaho's general fund revenues for October are in, and they're almost exactly on target, missing the forecast by just 0.7 percent. At $209.9 million, the month's tax take is $1.6 million below the $211.4 million forecast. That's because sales taxes came in $4.1 million below the expected level, but all other categories came in ahead of the forecast. Individual income tax revenues for October were 5.9 percent above October of the previous year; the forecast was for 4.9 percent growth. Sales taxes were up 1.6 percent over the previous October; the forecast had called for 6.3 percent.

For the fiscal year to date, which started July 1, Idaho revenues are very close to the forecast level, falling 1.3 percent below it. You can see the full monthly general fund revenue report here.

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Betsy Z. Russell
Betsy Z. Russell joined The Spokesman-Review in 1991. She currently is a reporter in the Boise Bureau covering Idaho state government and politics, and other news from Idaho's state capital.

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