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Revenue Growth Slows a Bit Through Five Months

Every month the Tax Commission releases a monthly revenue snapshot. This gives us a chance to compare what’s actually happening this the projected figures.  This past month’s report showed revenue growth slowing slightly to 11.1%.  In October revenue growth was 13.8%.  In November it was 11.2%. Overall, revenue is moving closer towards the current target […]

Picture of North Side of Capitol Building

State Revenue Remains Strong but Caution Encouraged

The Executive Appropriations Committee adopted revised revenue estimates for FY 2019 and new estimates for FY 2020.  When combined with the year-end surplus from FY 2018 and after adjusting for above trend revenue, available revenue is expected to be $646 million one-time and $675 million ongoing.  Details on available revenue can be found online. Economic […]