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Spokane, Washington  Est. May 19, 1883

Eye On Boise

December revenue slip could reflect IRS delay

Here's a news item from the Associated Press:  BOISE, Idaho (AP) — Idaho tax revenue missed forecasts in December for the first time in months, potentially complicating the effort to craft a budget for the coming year. State budget director Wayne Hammon said Wednesday it's possible the $10.7 million shortfall in December results from taxpayers delaying filing. The state was a combined $33 million ahead of projected collections through November, but Hammon says low receipts from individual income and sales taxes caused Idaho to miss the mark in the most recent reporting period. December revenue means the state is still about $22 million ahead, but Gov. C.L. "Butch" Otter's fiscal year 2012 budget that starts next July hinges on having a cushion. Some filers must delay filing taxes while the Internal Revenue Service reprograms computers to reflect a tax agreement reached by Congress last month.



Eye On Boise

News, happenings and more from the Idaho Legislature and the state capital.