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Spaulding: April revenue a one time occurence - WCAX.COM Local Vermont News, Weather and Sports-

Spaulding: April revenue a one time occurence

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MONTPELIER, Vt. -

The budget deal last week that allowed lawmakers to withdraw plans for several tax increases was due in part to a record revenue report.

The Shumlin administration released figures for April showing the state took in over $216-million in general fund revenues. That's 14-percent above the expectations for the month. April is the biggest revenue month each year because income taxes are due that month and this April was the highest total ever.

The strong revenues did help convince lawmakers to support the governor's pledge not to raise taxes to balance the budget. But Administration Secretary Jeb Spaulding notes that a good deal of the higher revenue was a one time occurrence --  tied to decisions made by taxpayers in December to realize some capital gains for fear tax rates might go higher because of the fiscal cliff negotiations.

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