Strong state tax revenues beat forecast for the month
The general fund revenue report is out for February, and the numbers are positive – state tax revenues came in 28.6 percent ahead of forecasts. February’s $27.5 million surplus is enough to offset the previous month’s $25.9 million shortfall; year to date, general fund receipts are now $3.6 million more than forecast. You can read the full report here. Individual income tax collections were the strongest category, coming in more than three times higher than expected, according to the governor's Division of Financial Management.