revenue

New England News
8:21 am
Wed May 16, 2012

VT State Revenues Above Target, Surplus Possible

Vermont's top fiscal officer says the state's General Fund took in $10.6 million more than expected last month, making it possible for the state to end the fiscal year with a surplus.  WAMC’s North Country Bureau Chief Pat Bradley reports… 

Administration Secretary Jeb Spaulding said general fund revenues were 6.3 percent ahead of expectations.

So far this fiscal year, general fund revenues are four-tenths of one percent ahead of expectations.

Spaulding says the results were largely because of strong corporate income tax filings.

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