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Tuesday, October 22, 2019  Spokane, Washington  Est. May 19, 1883
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Eye On Boise

Idaho tax revenues miss mark in Nov., but still ahead for fiscal year to date

Idaho’s state tax revenues in November came in below forecast for the first time this fiscal year, off by $7 million or 3 percent, but year-to-date collections remain $28.1 million ahead of forecasts, according to the state Division of Financial Management.

The monthly general fund revenues in November were $223.6 million, 0.2 percent below the previous November’s. For the fiscal year to date, revenues are 2.1 percent over forecasts and 7.8 percent higher than they were in November of 2015.

November is not one of the larger revenue months of the year. Both individual income taxes and sales taxes came in below forecasts, but corporate income taxes, at $2 million, were double the forecast, largely due to refunds running well behind what was expected. You can see the full monthly General Fund Revenue Report online 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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