State Revenue Falls in August

The state is reporting $1.84 billion in general fund collections for April.

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The State Budget Agency is reporting August revenue totals fell below projections by $19.6 million. General Fund revenues were just under $1.1 billion, which is nearly 4 percent higher than the same period last year.

For the second consecutive month, the monthly revenue totals were offset by a net loss of $18.8 million in corporate tax collections. Individual income tax collections, and racino wagering collections were also below the most recent revenue forecast, which was set in December 2017.

Year-to-date General Fund collections totaled $2.2 billion through August, which remains 0.4 percent below projections, but 2.7 percent higher than the same period last year. You can connect to the full revenue report by clicking here.