State Revenues Beat Projections In October

Staff Report -- TheStatehouseFile.com

State revenues bested projections in October for the first time in the current fiscal year but overall tax receipts are still down since July 1.

Revenue to the state’s main checking account totaled $1.05 billion, which is just less than 1 percent higher than estimates used to craft the current two-year budget.

For the first four months of the fiscal year, state revenue has totaled $4.5 billion, which is about $64.5 million less than expected. It’s also less than the same period a year ago.

The state finished the last fiscal year with more than $2 billion in the bank.