Idaho revenue in September jumps ahead of forecast

Idaho revenue in September jumps ahead of forecast

Idaho revenue in September jumps ahead of forecast

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by Associated Press

NWCN.com

Posted on October 9, 2013 at 9:39 AM

Updated Wednesday, Oct 9 at 9:39 AM

BOISE -- Idaho saw a jump in tax revenue in September, a month when collectors raked in $16 million more than forecasts and put the state's finances ahead of schedule amid a steadily recovering economy.

Total monthly receipts were $263 million, or 6.4 million more than forecasts.

The Division of Financial Management reported Tuesday that Idaho's tally three months into fiscal year 2014 is just over $700 million, or about 1.6 percent more than forecasts.

Nearly every revenue category exceeded expectations, led by individual income taxes that came in at $111 million for the month.

Collections from individual income taxes have exceeded predictions in all three months of the year.

Additionally, September sales tax collections of $104.5 million also bested forecasts, a sign shoppers were out in force at stores across Idaho.

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