{"id":14581,"date":"2013-01-08T17:06:48","date_gmt":"2013-01-09T00:06:48","guid":{"rendered":"http:\/\/stateimpact.npr.org\/idaho\/?p=14581"},"modified":"2013-01-08T17:06:48","modified_gmt":"2013-01-09T00:06:48","slug":"idaho-budget-office-lowers-revenue-estimate-december-slightly-below-forecast","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/idaho\/2013\/01\/08\/idaho-budget-office-lowers-revenue-estimate-december-slightly-below-forecast\/","title":{"rendered":"Idaho Budget Office Lowers Revenue Estimate, December Slightly Below Forecast"},"content":{"rendered":"<p>The governor&#8217;s budget office has <a href=\"http:\/\/dfm.idaho.gov\/Publications\/EAB\/GFRR\/GFRR2013\/GFRevenueReport_January2013.pdf\" target=\"_blank\">revised down its revenue projections<\/a> for fiscal year 2013 by $12.7 million. The current budget year reduction will go from $2.67 million to $2.658 million, as revenue collections have been slightly below forecasts.<\/p>\n<p>The Division of Financial Management <a href=\"http:\/\/dfm.idaho.gov\/Publications\/EAB\/GFRR\/GFRR2013\/GFRevenueReport_January2013.pdf\" target=\"_blank\">reports<\/a> the largest declines are from corporate income taxes and sales tax. &#8220;The former was reduced by $6.3 million and the latter has been lowered by $8.1 million. These revisions were partially offset by a small upward adjustment to the individual income tax,&#8221; writes state economist Derek Santos.<\/p>\n<p>Tax collections for December were slightly lower than projections. DFM&#8217;s <a href=\"http:\/\/dfm.idaho.gov\/Publications\/EAB\/GFRR\/GFRR2013\/GFRevenueReport_January2013.pdf\" target=\"_blank\">monthly report<\/a> shows collections were 1.5 percent below forecast.<\/p>\n<p>Idaho legislators will be closely watching tax collections and whether the state is meeting its projections as it crafts the budget for 2014.<\/p>\n<div id=\"attachment_14587\"  class=\"wp-caption module image center\" style=\"max-width: 620px;\"><a class=\"fancybox\" title=\"Click to enlarge.\" href=\"http:\/\/stateimpact.npr.org\/idaho\/files\/2013\/01\/December-2012-revenue.jpg\" rel=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-14587\" title=\"December 2012 revenue\" src=\"http:\/\/stateimpact.npr.org\/idaho\/files\/2013\/01\/December-2012-revenue-620x188.jpg\" alt=\"\" width=\"620\" height=\"188\" srcset=\"https:\/\/stateimpact.npr.org\/idaho\/files\/2013\/01\/December-2012-revenue-620x188.jpg 620w, https:\/\/stateimpact.npr.org\/idaho\/files\/2013\/01\/December-2012-revenue-300x91.jpg 300w, https:\/\/stateimpact.npr.org\/idaho\/files\/2013\/01\/December-2012-revenue.jpg 1455w\" sizes=\"(max-width: 620px) 100vw, 620px\" \/><\/a><p class=\"wp-media-credit\">Division of Financial Management \/ State of Idaho<\/p><p class=\"wp-caption-text\">Click to enlarge.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The governor&#8217;s budget office has revised down its revenue projections for fiscal year 2013 by $12.7 million. The current budget year reduction will go from $2.67 million to $2.658 million, as revenue collections have been slightly below forecasts. The Division of Financial Management reports the largest declines are from corporate income taxes and sales tax. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":14587,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[210,56,55],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/14581"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/comments?post=14581"}],"version-history":[{"count":0,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/14581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media\/14587"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media?parent=14581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/categories?post=14581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/tags?post=14581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}