April revenues: Collections have stabilized but remain well below pre-downturn levels
April General Revenue collections were announced this afternoon and provided further confirmation that while the fiscal free fall has now stopped, the return to pre-downturn levels is likely to remain long and slow. Overall, April’s collections of $512.3 million were almost exactly the same amount as last year’s collections of $513.4 million. Gross production taxes were up considerably compared to one year ago (+$21.4 million, 65.8 percent), while income taxes remained down (-$32.3 million, -11.5 percent). Read the rest of this entry »
