Monday, August 11, 2014

Center for Fiscal Policy: Idaho Per Capita Income Plummeting

Posted By on Mon, Aug 11, 2014 at 8:56 AM

When Boise Weekly sat down with Lauren Necochea, new director of the Idaho Center for Fiscal Policy (BW, Citizen, "Lauren Necochea," July 9, 2014), her office was still putting the finishing touches on the center's latest newsletter on Idaho's economy.

And this morning, the center released what it calls "Six Key Facts About Idaho's Revenue Shortage and Our Declining Economic Performance."

1. Idaho collects less in taxes than all but two other states. 
2. Support for Idaho's schools has been steadily decreasing and is unequal across school districts.
3. Idaho's support for higher education has dropped sharply, leading to big increases in tuition and fees.
4. Idaho has steadily cut revenues since the late 1990s.
5.. Idaho's low- and moderate-income residents pay a larger share of their income in taxes than the highest earners do.
6. Idaho's per capita income is lower than all but one state: Mississippi.

And that last point is driven home in a plunging graphic that indicates that as recently as 1999, Idaho's personal income per capital exceeded that of 10 other states, but it now only exceeds Mississippi.

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