Wednesday, September 3, 2014

State tax revenue sends positive message in August

Posted By on Wed, Sep 3, 2014 at 9:46 AM

The state report on tax revenue for August seems to show an unalloyed uptick.

The net — after mandatory deductions — of $398.3 million was 2.7 percent more than the same month last year and 3.2 percent above forecast. Every category showed an uptick, except for sales tax collections, which were adjusted by a one-time audit. But sales taxes grew when adjusted for this event. Tobacco tax was down, a small contributor. Gambling revenue at the Southland and Oaklawn casinos continued to show double-digit growth.

Here's the full report.
After two months of the fiscal year, the state is running $2.5 million ahead of forecast.

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