BOISE, Idaho—Idaho tax revenue in October narrowly missed targets, as sales taxes receipts continued to lag forecasts.
The Division of Financial Management reported on Monday that collections for the month were $209 million, or $1.6 million below goals.
For the full year, Idaho revenue is $852 million, about $10.8 million below the forecast.
With revenue only about a percent behind forecasts for the full year, however, Idaho remains on track to post a budget surplus when fiscal year 2012 ends next June.
The biggest reason for October's shortfall?
Sales tax receipts were $4.1 million below the forecast, pushing the fiscal-year shortfall in this category to $14 million as sales tax receipts haven't hit monthly targets since July.
Some collection categories did slightly better than forecast, including corporate and individual income taxes.
