The Idaho Division of Financial Management reported that October tax revenues were $1.6 million short of what was needed.

State officials were hoping for $210.6 million.  So far for the fiscal year 2012, overall tax revenues are $10.8 million below what’s hoped for!  Amazingly officials still think they’ll finish the 2012 fiscal year with a surplus!?

The biggest drop was seen in sales tax revenues, to the tune of $4.1 million!  So far Idaho sales tax revenues are short by $14 million!  Sales taxes are a good way to gauge how well your economy is doing, and it doesn’t look too good.