{"id":17726,"date":"2013-06-07T16:53:30","date_gmt":"2013-06-07T22:53:30","guid":{"rendered":"http:\/\/stateimpact.npr.org\/idaho\/?p=17726"},"modified":"2013-06-10T08:23:23","modified_gmt":"2013-06-10T14:23:23","slug":"may-tax-collections-down-idaho-on-track-to-beat-fiscal-year-forecast","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/idaho\/2013\/06\/07\/may-tax-collections-down-idaho-on-track-to-beat-fiscal-year-forecast\/","title":{"rendered":"May Tax Collections Down, Idaho On Track To Beat Fiscal Year Forecast"},"content":{"rendered":"<div id=\"attachment_17727\"  class=\"wp-caption module image left\" style=\"max-width: 300px;\"><a class=\"fancybox\" title=\"Click image to enlarge.\" href=\"http:\/\/stateimpact.npr.org\/idaho\/files\/2013\/06\/May-gen-fund-2013.jpg\" rel=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-17727\" title=\"May gen fund 2013\" src=\"http:\/\/stateimpact.npr.org\/idaho\/files\/2013\/06\/May-gen-fund-2013-300x90.jpg\" alt=\"\" width=\"300\" height=\"90\" srcset=\"https:\/\/stateimpact.npr.org\/idaho\/files\/2013\/06\/May-gen-fund-2013-300x90.jpg 300w, https:\/\/stateimpact.npr.org\/idaho\/files\/2013\/06\/May-gen-fund-2013-620x186.jpg 620w, https:\/\/stateimpact.npr.org\/idaho\/files\/2013\/06\/May-gen-fund-2013.jpg 774w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p class=\"wp-media-credit\">Division of Financial Management \/ State of Idaho<\/p><p class=\"wp-caption-text\">Click image to enlarge.<\/p><\/div>\n<p><a title=\"Idaho Tax Collections Come In Well Above April Forecast\" href=\"http:\/\/stateimpact.npr.org\/idaho\/2013\/05\/07\/idaho-tax-collections-come-in-well-above-april-forecast\/\" target=\"_blank\">After a month of larger-than-expected<\/a> state tax collections, the revenue report for May shows collections came in just shy of the forecast.<\/p>\n<p>The Division of Financial Management released its <a href=\"hhttp:\/\/dfm.idaho.gov\/Publications\/EAB\/GFRR\/GFRR2013\/GFRevenueReport_June2013.pdfttp:\/\/\" target=\"_blank\">monthly general fund status update<\/a> Friday afternoon. It shows state tax collections were down 2.4 percent below expectations. <!--more--><\/p>\n<blockquote><p>This month\u2019s General Fund showing reflects mixed performances by its five components. The sales tax was $3.4 million above the $86.2 million predicted for May 2013. Product taxes of $3.8 million topped its forecast by $0.3 million. However, the excess revenue from these two categories was more than offset by the lower-than-expected individual and corporate income tax collections. &#8212; DFM<\/p><\/blockquote>\n<p><a href=\"http:\/\/dfm.idaho.gov\/Publications\/EAB\/GFRR\/GFRR2013\/GFRevenueReport_June2013.pdf\" target=\"_blank\">DFM reports<\/a> individual income tax collections came in $5 million under forecast and corporate tax collections were $1.9 million under.<\/p>\n<p>Even though May tax collections were lower than anticipated, overall collections for the fiscal year are still beating projections. The state is <a title=\"Idaho Budget Writers To See Policy In Action\" href=\"http:\/\/stateimpact.npr.org\/idaho\/2013\/06\/03\/idaho-budget-writers-to-see-policy-in-action\/\" target=\"_blank\">expected to end the fiscal year next month above revenue forecasts<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a month of larger-than-expected state tax collections, the revenue report for May shows collections came in just shy of the forecast. The Division of Financial Management released its monthly general fund status update Friday afternoon. It shows state tax collections were down 2.4 percent below expectations.<\/p>\n","protected":false},"author":40,"featured_media":17727,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[56,55],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/17726"}],"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=17726"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/17726\/revisions"}],"predecessor-version":[{"id":17733,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/17726\/revisions\/17733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media\/17727"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media?parent=17726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/categories?post=17726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/tags?post=17726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}