Transportation Fund Receipts Fall Below Expectations

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The Shumlin administration announced Monday morning that state collections of taxes and fees during March exceeded expectations.

But the figures released by Administration Secretary Jeb Spaulding showed that the transportation fund receipts were off.

Spaulding says general fund revenues were 9.3 percent ahead of expectations. The fund brought in almost $7.5 million more than expected.

The increase came after three months of general fund revenue that was below expectations, and the fund remains $6.7 million behind target for the year.

Spaulding says he hopes the fund can reach its target by the end of June.

The Transportation Fund was almost 6.5 percent below expectations. Lower-than-expected gasoline and diesel fuel receipts were among the reasons for the decline.

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