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.