4:13pm

Mon September 10, 2012
State Capitol

State Revenues Fall Below Expectations

State  Forecasters predicted 3% revenue growth this year, but so far this summer, state revenues have been flat.  While there’s no need yet for alarm, Budget Director Mary Lassiter says steady declines in income and sales taxes is cause for concern.   It’s still early in the state’s fiscal year, and the Commonwealth has until next summer to improve revenues.