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January, Year-To-Date Revenue Numbers Mixed Bag
Year-to-date for the fiscal year,
General Fund revenues are $37.6 million higher than expected and School Aid
Fund revenue is $1.7 million lower than expected, according to the Senate
Fiscal Agency.
Net income tax revenue for
January 2013 was just over $1 billion, an almost 17 percent increase from
January 2012. Withholding payments, representing a majority of income tax
revenue, were $23.4 million above numbers from the last revenue estimating
conference – just last month.
Also positive were the numbers
reported on the real estate transfer tax. January numbers were 82.7 percent
higher than a year ago and year-to-date numbers are also running 80-percent
above last year’s totals – further indicating improvements in the housing
sector.
posted by PAA Online
,
Friday, February 15, 2013
10:10 AM
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