Friday, April 29, 2016

Running late

Up to now, state budget revenues have generally run ahead of official forecast values. However, April is a big revenue collection month due to the personal income tax (which has been the major source up to March in higher-than-forecast receipts.

So far in April, however, revenues have yet to hit forecast values, according to state controller data. If there is less revenue than projected, the governor's May revise budget could be influenced.

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