August is a Spectacular Month for Revenues
Led by the top two categories’ strong performance, August state revenues turned in a very strong month growing 7.0 percent on total revenues of $1.803 billion. The total gain over a year ago for the month was $117.4 mil- lion. This puts the state some $90 million ahead of budget for the two months of the Fy 2019 budget.
Income Tax Category Over 8 Percent
Individual income taxes were up 8.9 percent for the month on revenues of $939.4 million. Within that category, while refunds were up $14.7 million, individual withholding payments were up substantially, some $78.7 million, and other categories were also up a total of $13 million.
For the rest of Jack Hill’s column subscribe today! Call us at: 739-2132 or set up your online account at claxtonenterprise.com