August General Fund tax revenues rose about 5.4 percent compared to August 2021 when adjusted for an extra deposit day this year. That’s a good sign but Secretary of Finance Stephen Cummings told legislators September’s data will be more significant for analysts and legislators who are trying to figure out what fiscal year 2023’s finances will look like.
“August collections exceeded projections, driven by employment and wage growth year-over-year,” Cummings said in a press release from the governor’s office.
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