Idaho Tax Collections Increase FY2011
- Sales Tax News
- May 29, 2012 | Susan McLain
A recent AP news story in the Huffington Post relates that “Idaho hired 48 temporary auditors and collectors in fiscal 2011 as part of Gov. C.L. ‘Butch’ Otter’s effort to boost revenues without raising taxes and narrow the so-called ‘tax gap’ – the amount of taxes in the state that are due but go unpaid, either by error or by intent.”
According to the U.S. Census Bureau, Idaho’s total tax revenue increased 10.5% in fiscal year 2011 over 2010 collections. Of the total tax revenues for Idaho, general sales taxes were the highest income generator at $1,187,070,000 for FY 2011--an increase of 5.4% over 2010 collections.
That same fiscal year, the “…added staff brought in more than $26.3 million.” Though this seems “…a sliver of its roughly $2.7 billion budget…they helped the state post a budget surplus for the first year since the Great Recession began in 2008.” The money not only helped give state workers raises, but also enabled the state to make the auditor positions permanent.