Tax collections ticked up over the last month, according to a report published by the Economic and Revenue Forecast Council. Collections returned $85.2 million or 3.2 percent higher than forecasted in February. Accounting for the other two months of collections since that forecast, collections are $31.8 million or 0.5 percent lower than forecasted.
The report, issued today, details that eight out of eleven retail trade sections experienced year over year payment growth, including electronics and sporting goods. Real estate tax collections were less than forecast, however, by $18.4 million or 16.2 percent.
In June, the Economic and Revenue Forecast Council will publish its quarterly revenue forecast, projecting the amount of revenue the state is anticipated to generate.