Tax collections slightly off in October, but matching forecast for year to date
Idaho state tax collections in October came in 2.5 percent below forecasts, according to a monthly General Fund Revenue Report issued this afternoon by the state Division of Financial Management. That drop still leaves the state on-forecast for the fiscal year so far, at 5.4 percent above the previous year. The small shortfall for October was spread across the main revenue categories, individual income tax, corporate income tax and sales tax. Sales taxes, while down 3.2 percent from the forecast for the month, ran 8.4 percent above October 2013 levels. You can see the full General Fund Revenue Report here.