December 23, 2015
Joint Legislative Budget Committee
The JLBC Staff reports monthly to the Legislature on the status of General Fund revenue collections and other fiscal issues. See the full report here. Among the key points of the document:
- November General Fund revenues were $84.4 million above the enacted budget forecast. Revenue gains occurred across all of the state’s “Big 3” revenue categories (Sales, Individual Income and Corporate Income Tax)
- Year-to-date, base General Fund revenues are 4.8% above the prior year, and are $207.2 million above forecast. Excluding the one-time tax amnesty revenues that were received during September and October, year-to-date revenues are $180.2 million above forecast.