June state tax revenues beat forecasts by $30M, close out fiscal year with $94M more than expected

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Idaho’s state tax revenues for the month of June came in nearly $30 million higher than projected – 8.8 percent above the forecast and 9.9 percent higher than the previous June – bringing state tax revenues for the fiscal year that ended June 30 to $93.9 million ahead of forecasts. The strong revenue triggered two significant transfers to the state’s rainy-day fund, the Budget Stabilization Fund, which now has swelled to $318.7 million. “This reflects great credit on our state’s fiscal discipline and sound public policies that put taxpayers first,” Gov. Butch Otter said in a statement. “Once again, the people of Idaho are leading the way both in terms of growing our economy and sustaining a state government that respects the fact that it’s...

READ MORE: June state tax revenues beat forecasts by $30M, close out fiscal year with $94M more than expected


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