State monthly tax revenues continue to be healthy

Aug 8, 2019
Written by wpengine

Tax revenues to the state for the past month arrived 8% or $132.5 million higher than expected, according to the latest Economic & Revenue Forecast Council report. It covers the period of June 11, 2019, to July 10.

Those revenues go directly to the state general fund to pay for a variety of state services and programs. The revenues generated come from sales, use, business & occupation, utility and tobacco products.

Total tax payments in the retail trade sector were up 3.8% year over year.

The leading retail performers were:

  • Online, up 13.8%
  • Sporting goods, toys and music, up 10.7%
  • Electronics and appliances, up 8.8%

No retail category showed a year-over-year decline in tax payments. Click here to read the entire report.

Source: Economic and Revenue Forecast Council