Vermont state revenues were stronger than expected in November. In the first six months of this fiscal year, the state has collected about $6 million more than was expected.
Overall, the state’s General Fund revenues in December were nearly 9% higher than they were a year earlier. The state’s biggest source of revenue – the personal income tax – was up more than 15% from December of 2001.
The state’s Education Fund lagged, however, mainly due to continuing poor performance in the state’s corporate tax collections.