March Revenue Report
The March state revenue report showed the fiscal year-to-date revenues are 3.8% higher than a year ago. March 2018 net revenues were below March 2017 revenues. House Budget Chair Scott Fitzpatrick tweeted that “collections were up over 7%. The decrease is because we are paying refunds a lot faster this year because cash flow is better. We have about $125 million less in pending refunds now than we did at this time last year…”
Originally in April 4 MOScout.