March State Revenues
March tax receipts were depressingly flat, -.19%. That brings the year to-fiscal-date total to a positive, but hardly robust, 4.31% growth.
Within the month’s tax numbers: individual income barely budged; it was up a meager 1.71%. Refunds meanwhile rebounded. After being down significantly last month they were up 11.15%.
Budget watchers caution that the tax receipts this time of year are volatile.
And April is obviously a big month. A lot hinges on the next couple of weeks.