Idaho state tax revenues came in 4.1 percent below projections for April, the biggest month of the year.
Because they had been running ahead of projections previously, the result is that year-to-date state tax revenues are just 0.2 percent below forecasts, almost right on the mark.
The Division of Financial Management said the April shortfall of $18.6 million was largely due to lower-than-expected individual income tax receipts, which were 7.1 percent below the forecast. Corporate taxes also missed forecasts, falling 5.1 percent below expectations. Sales taxes slightly beat the forecast.