Vt. revenues dipped in October - WCAX.COM Local Vermont News, Weather and Sports-

Vt. revenues dipped in October

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MONTPELIER, Vt. -

Vermont's state finances hit their first stumbling block of the fiscal year last month.

General Fund tax collections for October came in at $102.67 million-- about $2.5 million below estimates. It's the first significant dip of the budget year.

The biggest source of revenue-- the personal income tax-- has underperformed for three straight months.

Administration Secretary Jeb Spaulding says the state is carefully monitoring that with concerns it could lead to a budget shortfall.

Click here for the full revenue report.

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