State Making Less Money
By: Import User
Updated: January 7, 2009
State tax collections dipped below forecast
in September, the first time in four months that revenues fell
short of projections.
Collections totaling 383.3 million dollars in
September reflected a nearly 19 million dollar increase over a
year ago. But they were 1.6 million dollars below
forecast.
Spurring the slight decline were individual income tax
collections, down just under one percent from last year and
four-point-nine percent below forecast. Individual income taxes
were two-point-eight percent above forecast in August.
Since the new fiscal year began July First, gross general
revenues total 1.017 billion dollars.
That`s 48.9 million dollars, or five percent, above
collections a year ago. Revenue is 1.4 million
dollars above forecast.
