State revenues short of targetsStaff Report | November 15,2012Vermont state revenues are running short of what was forecast both for the month of October and for the first four months of the fiscal year.
Administration Secretary Jeb Spaulding said Tuesday that the state took in nearly $102 million during October, but that was still more than 2 percent below the target for the month.
Year-to-date, general revenues are running about a half of one percentage point shy of what forecasters had predicted in July.
Spaulding said the personal income — the largest source of revenue for the state — is running more than 4 percent behind its target for the year.MORE IN This Just InRICHARD'S POOR ALMANACK: On this day in 410 CE, Visigoths sack Rome and it isn't the first time, either; in 1859, Titusville, Pa., the first commercially viable oil well comes in; in 1918, the only World War I battle fought on U.S. soil in Nogales, Ariz. 0Rutland Herald content editor Rich Alcott uploads data direct to your head: On this day in 410... Full Story
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