Politics & Government

November 11, 2011 2:05 PM

State tax collections dip $22 million for month

State revenue forecaster Arun Raha put out his

monthly economic and revenue update

today. It shows tax collections for the month ending Nov. 10 were down by $22.5 million, or 1.9 percent below

what he predicted in September.

On the upside, Raha wrote: “Cumulatively, collections in the two months since the forecast are only $11.8 million (0.5%) lower than forecasted.” Looking ahead and to the downside, he said: “While revenue is coming in close to the forecast, there are considerable downside risks.”

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