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Idaho tax revenue is $60 million ahead of projections

Idaho through March collected $60.2 million more in taxes than forecasts from just a few months ago, money that could benefit public schools if the collection trend holds through the final three months of the fiscal year.

The state brought in $3.9 million more in March than anticipated, as corporate income tax and sales tax collections exceeded January projections.

Wayne Hammon, the governor’s budget chief, cautioned Idaho still must make it through April, the largest collection month, by far.

“It may go up, it may go down,” he said.

Still, Hammon said that if the state ends the year on June 30 with the existing surplus, an additional $50.5 million would go to education: $4.5 million to professional-technical programs and community colleges, and another $46 million to public schools.

About The Associated Press

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