The Division of Financial Management reports revenue collections for the month of March were 4.4 percent above predictions.
The monthly general fund monitor is a short-term indicator of the tax collections coming into the state, which are used to budget for and fund state programs.
Idaho’s General Fund increased by $138.1 million in March 2013, which is $5.8 million (4.4%) more than the forecasted $132.3 million. March marks the third consecutive month collections have exceeded expectations. As a result of this month’s stronger-than-anticipated collections, fiscal year-to-date General Fund revenues continue to exceed the forecast. Specifically, General Fund revenue for the current fiscal year through March 2013 is $1,835.9 million, which is 1.2% more than the projected $1,813.3 million. – Division of Financial Management