October state revenues set back by interest and dividends tax repeal

read more…: October state revenues set back by interest and dividends tax repeal

State revenues collected in October fell below the State’s target amounts for the month, primarily because of the repeal of the Interest and Dividends Tax resulting in difficult-to-predict final revenues as taxpayers collect refunds. Other revenue sources offered a mixture of signals, with some major revenue sources performing well and others slipping behind expectations.

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