Growth, recession, the transition of Idaho’s economy, and the effects of change on Idahoans.
Remember the conversations with your parents or grandparents that began with, “When I was your age, I could buy a burger, a coke and a movie ticket for $5”? And the typical response would go something like “I get it, Dad, (eye roll) things were cheaper back in the dark-ages.” It all has to do […]
Idaho’s Division of Financial Management released its latest revenue report today showing a slight uptick in individual income and corporate tax collections over what state economists had predicted. “Idaho General Fund collections of $229.1 million in September 2011 were $0.1 million above the forecasted amount.” – Division of Financial Management Still, Idaho sales tax collections […]
As many as 300 people showed up at the state capitol today for a protest march called Occupy Boise. The event was one of many across the country inspired by ongoing protests on Wall Street. Most demonstrators in Boise said they’re concerned about the economy and the distribution of wealth in the U.S. Here is […]
Each week, Tom Birch spends hours meeting with homeowners who know they’re falling behind. Many of them are beset with worry. At no charge, Birch talks to them about their finances. He gives them handouts with titles like, “What to Do When You Default on Your Mortgage.” Birch worked in the mortgage business for 35 […]
Molly Messick A sign advertises a foreclosed home in Nampa, Idaho’s Blackhawk Subdivision. The Idaho housing market’s boom and bust is sure to be a long-term focus here at StateImpact. RealtyTrac’s August numbers, out last week, show that Idaho has the fifth highest rate of foreclosure in the nation. The Boise area has seen the […]
The Idaho Department of Labor says the state’s economy has been growing more slowly than the nation’s. The Idaho Statesman reports the state’s total gross state product rose 3.3 percent last year to $55.4 billion. But, when adjusted for inflation, it rose 2 percent to $50.7 billion. Nationwide, the inflation-adjusted gross product for 2010 is […]
Some bad news today from the U.S. Census Bureau. The most recent poverty numbers show that the national rate grew to 15.1 percent in 2010. “Another 2.6 million people slipped below the poverty line in 2010, meaning 46.2 million people now live in poverty in the United States, the highest number in the 52 years […]
The Idaho Statesman is reporting August tax collections were 4.4 percent below the projected $199 million because of lower-than-expected sales and individual income taxes. “Since sales-tax collections are a near real-time economic indicator, their lower-than-expected performance may raise concerns that the economy is not recovering as strongly as predicted.” – The Division of Financial Management […]
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