Idaho's state tax revenue for August came in 1.1 percent below forecasts, but 3.7 percent higher than last August, according to the state Division of Financial Management. Overall, general fund tax collections for the second month of the fiscal year were $197.6 million. Individual income tax withholding saw the biggest shortfall compared to projections, pushing down individual income tax collections for the month to 7.2 percent below the forecast. But sales taxes came in above forecast by 2.5 percent for the month, and were 15.2 percent over last August's figure. Corporate income tax, product taxes and miscellaneous revenue all beat projections. For the fiscal year to date, state tax revenues are running 1.3 percent below forecast but 4.2 percent above last year's level; you can read the latest General Fund Revenue Report here from the DFM.
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
999 W. Riverside, Spokane, WA 99201
P.O. Box 2160, Spokane, WA 99210
Main switchboard: (509) 459-5000 • (800) 338-8801
Newsroom: (509) 459-5400 • (800) 789-0029
Customer service: (800) 338-8801
© Copyright 2013, The Spokesman-Review
Terms of use • Privacy policy • Copyright policy
Spokane7
46°
Get blog updates by email
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