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.