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Wed August 15, 2012
Vermont Revenues Ahead of 2011; Lag Forecast Slightly
Vermont general fund state revenues for July came in at a more than 6 percent better clip this year than in July of 2011, but fell slightly short of the forecast.
The general fund took in more than $92 million for the month, which lagged behind the forecast issued by two economists working for the state by a bit less than 1 percent.
Administration Secretary Jeb Spaulding says he's not concerned about the results. He says July revenues frequently are volatile, that it's just the first month of the fiscal year, and that it will be months before the state's real revenue picture emerges.
Both the transportation and education funds also fell short of their revenue targets for the month.
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