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State revenue report: Collection still on target

Post by Brad Shannon / The Olympian on Sep. 11, 2012 at 7:24 pm with No Comments »
September 11, 2012 3:26 pm

The Economic and Revenue Forecast Council has released its latest monthly report that shows state tax receipts fell $1.1 million shy of the June forecast during in the past 30 days. But cumulatively the state remains ahead of that forecast by about $20.8 million.

The council makes its next quarterly forecast next week – at 10 a.m. Thursday, Sept. 20 – and the collections report gives no hint to major changes.

State forecaster Steve Lerch said last week in his quarterly economic review that the state economy is growing a bit faster than expected, including activity in the housing industry, and he thinks state growth should outpace the national recovery.

Read full post here.

Categories:
State budget
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