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.