Quick Take: March revenue collections

Yesterday, State Finance Director Preston Doerflinger announced that March General Revenue (GR) collections came in 9.3 percent above March 2010 and 10.5 percent above the certified estimate.  This marked the 11th straight month that GR showed improvement over the prior… Read more [More...]

Quick Take: February revenue collections show continued growth but full recovery remains far off

Yesterday, State Finance Director Preston Doerflinger announced state General Revenue (GR) collections for February.  The news was generally positive. February’s collections came in 12.0 percent higher than one year ago; this was the eleventh straight month that monthly GR collections… Read more [More...]

Quick Take: Revenues rebounding – – except for the income tax

The latest monthly report of General Revenue (GR) collections announced by Treasurer Ken Miller provided the strongest indications yet that state revenues are on a firm path to recovery. For the 11th time in the past 12 months, monthly revenue… Read more [More...]

Quick Take: Latest revenue figures show progress, but steep climb remains

On his first full day on the job, new State Treasurer Ken Miller got to announce relatively good news on the state revenue front. December General Revenue (GR) collections were up 13.0 percent from one year ago and were 4.3… Read more [More...]

State revenue glass: Half-full or half-empty?

Treasurer Scott Meacham today announced that General Revenue (GR) collections for the first month of the new state fiscal year, FY ’11, came in 9.9 percent above the prior year and 11.9 percent above the official certified estimate. The sales… Read more [More...]

New certification: Law changes led to $305 million of revenue enhancements for next year

Each year, the State Board of Equalization meets three times to review and approve projected revenues for the upcoming fiscal year – in December, February and June. At this year’s June meeting, which took place earlier this week, the Board… Read more [More...]