Idaho is two months into its fiscal year and already sales and income tax revenues are $10 million LESS than expected.
The Idaho State Tax Commission says total collections, so far, are $403 million.
Individual income tax collections for August were $91.4 million, about $3.9 million less than expected.
Sales tax receipts for August came in at $86.8 million, $6.8 million less than expected.
July did a little better, but was still less than expected. Other tax revenues also did well, coming close to expectations. However, lower sales & income tax revenues means that people still aren’t spending enough money, ’cause they’re not making enough money. Obviously its a sign that for the average Joe & Jone in Idaho, the economy still sucks.