December state revenues come in 6.6% higher than last December’s
State tax revenue numbers are in for December, and the month’s receipts came in 5.8 percent of predicted levels, or $2 million higher. The state has now issued its January revised revenue forecast, which at $2.8082 billion is slightly lower than the August forecast of $2.8088 billion; compared to the new forecast, December’s collections are 0.8 percent ahead. Looked at another way, the December tax collections were 6.6 percent higher than last December’s. You can see the full monthly General Fund Revenue Report here.