Idaho Sales Tax Collections Aren’t Meeting Expectations

The Division of Financial Management reports Idaho’s general fund balance was $1.6 million less than predicted for the month of October.

“This month’s shortage was caused by the sales tax that came in $4.1 million below its
target. This shortfall was partially offset by the remaining revenue categories that all
came in above their predicted amounts.” – Division of Financial Management

Individual income tax collections exceeded expectations by $1 million.  Corporate income tax collections, product taxes and miscellaneous revenue were also higher than predicted.

To read the full report click here.