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.
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