Anyone hoping for good news out of today’s monthly report of tax collections didn’t get it. Collections over the past month are largely flat.
Collections are actually up by $19.7 million but only due to the timing of property tax payments, not economic factors. Without that factor, collections would have been down by $14.2 million.
Otherwise, the state economy is performing as expected. In short, very little has changed since the November revenue forecast and hopes for a positive February forecast will not be bolstered by this report.