State Collections Above Estimates for October, But Remain Below on Year

State Collections Above Estimates for October, But Remain Below on Year

The Independent Fiscal Office and State Department of Revenue have released the revenue reports for October. The state collected $3.2 billion in General Fund revenues for October, 3.7% above the IFO’s official estimate. Personal income tax collections were 4.2% above estimate.

The Motor License Fund received $240.2 million in October, $1.9 million above estimate, which includes liquid fuels taxes and other license, fine, and fee revenues. Year to date, the Motor License Fund is at $1.1 billion, 4.2% below estimate. Click here for the IFO report and here for Revenue’s press release.    

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