{"id":7105,"date":"2012-05-07T16:05:49","date_gmt":"2012-05-07T22:05:49","guid":{"rendered":"http:\/\/stateimpact.npr.org\/idaho\/?p=7105"},"modified":"2012-05-07T15:33:11","modified_gmt":"2012-05-07T21:33:11","slug":"idaho-barely-exceeds-tax-collection-expectations-in-april","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/idaho\/2012\/05\/07\/idaho-barely-exceeds-tax-collection-expectations-in-april\/","title":{"rendered":"Idaho Barely Exceeds Tax Collection Expectations In April"},"content":{"rendered":"
\"\"<\/a>

General Fund Revenue Report \/ Division of Financial Management<\/p>

<\/p><\/div>\n

Tax collections were slightly higher than expected for April.\u00a0 Idaho’s general fund, the state’s main bank account, topped revenue forecasts by $500,000.<\/p>\n

The Division of Financial Management’s monthly General Fund Revenue Report<\/a> shows individual income and corporate tax collections came in 1 percent and 12 percent below the forecast. <\/p>\n

“Individual income tax collections of $280.3 million were $2.9 million, or 1.0%, below the projected amount. Corporate income tax collections were $37.3 million. This amount was $5.5 million (12.8%) less than the predicted $42.7 million.” – Division of Financial Management<\/p><\/blockquote>\n

The sales tax and other miscellaneous revenue made up for the lower-than-anticipated individual and corporate income taxes.<\/p>\n

“Interest earnings were $4.3 million more than expected in April partly because the Idaho State Treasurer began putting aside funds necessary to pay off this fiscal year\u2019s tax anticipation note ahead of schedule. As a result, the note\u2019s remaining balance in April was smaller than projected. The Idaho Attorney General added $0.6 million from a drug company settlement to the April\u2019s surplus. The mine license tax exceeded its forecast by $1.6 million in April 2012. On a fiscal year-to-date basis, revenue from miscellaneous sources is $11.2 million higher than expected.” – Division of Financial Management<\/p><\/blockquote>\n

You can read DFM’s full report here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tax collections were slightly higher than expected for April.\u00a0 Idaho’s general fund, the state’s main bank account, topped revenue forecasts by $500,000. The Division of Financial Management’s monthly General Fund Revenue Report shows individual income and corporate tax collections came in 1 percent and 12 percent below the forecast.<\/p>\n","protected":false},"author":40,"featured_media":7107,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[55,134],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/7105"}],"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=7105"}],"version-history":[{"count":0,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/7105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media\/7107"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media?parent=7105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/categories?post=7105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/tags?post=7105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}