Idaho Revenues: Below Budget For October But In Line For Fiscal Year

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Idaho's latest financial report card indicates that the Gem State was behind in revenues for October, but is just about in line with fiscal year-to-date projections.

The Idaho Division of Financial Management reports that each of the state's largest tax categories came in below expectations in October—corporate income tax was $1 million below budget, individual income tax was $1.5 million below budget' and sales tax was $3.5 million below budget. The good news is that product tax collections were $200,000 above budget.

To date (fiscal year 2015 began in July), individual income tax collections of $433,177,900 are 6.5 percent above budget, corporate income tax collections of $58,474,100 are seven-tenths of a percent above budget, sales tax collections of $424,411,900 are 6.5 percent above budget, product tax collections of $19,322,300 are 1.9 percent above budget, but miscellaneous revenue of $29,392,800 is 12.1 percent below budget.