Meacham: Three-quarter Tax Collections Down
State Treasurer Scott Meacham said today revenue collections for the first three quarters of the fiscal year are down compared to collections in the prior year, but still above estimates.
Meacham released a revenue report showing collections to the state's general revenue fund. Although collections are down when compared to the previous year, Meacham notes they are above previous estimates.
Preliminary reports show general revenue fund collections during the previous nine months totaled $4.173 billion. That was $61 million, or 1.4 percent, below prior year collections but $25.8 million, or six-tenths of 1 percent, above the estimate.
Meacham says there are signs of continued growth in the economy. But economic growth is at a much slower pace than when the year began.
Meacham released a revenue report showing collections to the state's general revenue fund. Although collections are down when compared to the previous year, Meacham notes they are above previous estimates.
Preliminary reports show general revenue fund collections during the previous nine months totaled $4.173 billion. That was $61 million, or 1.4 percent, below prior year collections but $25.8 million, or six-tenths of 1 percent, above the estimate.
Meacham says there are signs of continued growth in the economy. But economic growth is at a much slower pace than when the year began.
Labels: Scott Meacham, Tax Collections
posted by Mike McCarville @ 12:31 PM
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