Meacham: Tax Collections Improve

State revenue collections in March topped prior year collections for the first time since December 2008 and exceeded the official estimate for a second consecutive month, State Treasurer Scott Meacham announced today.

Preliminary reports show General Revenue Fund collections in March are $401.3 million. That amount is $6.4 million or 1.6 percent above the prior year, and $81.4 million or 25.5 percent above the estimate.

Meacham said March collections were sufficient to fund allocations to state agencies for the month at the previously announced 10-percent reduction from appropriated levels. After allocations are made, $80.1 million in excess collections will remain for use in later months this fiscal year.

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