April revenues ‘better than expected’

Gov. Butch Otter just told reporters, “I am pleased to report to you that the state’s tax revenues, although short of our official forecast, are much better than we had expected.” Otter said sales taxes, for example, were expected to be down 9 percent for the month, but are down less than half that. Income taxes are “lower than we would like,” he said, but, “The job market appears to be much more stable.”