Idaho state tax revenues came in very close to the forecast in August, falling just one-tenth of a percent below it, a difference Gov. Butch Otter's Division of Financial Management dubbed “negligible.” Tax revenues for the month were 3.5 percent above the previous August; for the fiscal year to date, which is two months old, revenues are running 3.8 percent above last year, but 1 percent behind forecasts. Individual income tax was $4.2 million below forecast for the month, but corporate income tax was $3.6 million ahead, while sales taxes slightly exceeded expectations. You can read the full monthly General Fund Revenue Report here.
Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.
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