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Eye On Boise

State tax revenue down for Oct., surplus for year on track to hit $30.1M

Idaho state tax revenues came in $10 million below projections in October, for a year-to-date $6.9 million below forecast, a 0.8 percent lag. After accounting for amounts the Legislature must reimburse deficiency accounts for fires, pests and hazardous material incidents, the state now looks on track to end the fiscal year with a $30.1 million balance, $25.7 million more than was anticipated when the legislative session adjourned last spring. You can read the DFM's general fund revenue report for October here, and the Legislature's General Fund Budget Monitor here; both look at the impact of the October numbers. In a few minutes, the Legislative Council will hear a state budget update from Cathy Holland-Smith, manager of budget and policy analysis.
  


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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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