May Tax Revenue Collections Mean State Still on Track for $430 Million Surplus

With May state tax collection figures now in, the Department of Revenue reported this week that while revenues were down 7.2 percent in May, year-to-date revenues are 1.2 percent over estimates.

That means the state is on track to generate a surplus in the $430 million range by June 30 that could be used to provide much-needed funding for clean water mandates or for other programs.


5/30/2008

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