Vermont state revenues reported strong in March - WCAX.COM Local Vermont News, Weather and Sports-

Vermont state revenues reported strong in March

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MONTPELIER, Vt. (AP) - Vermont revenues were strong in March, coming in to the general fund at about 6 percent above expectations. That compares to a margin for revenues in the first nine months of the fiscal year that were just a half a percentage point above projections.

Administration Secretary Jeb Spaulding, who released the numbers on Friday, says personal and corporate income tax receipts were strong in March, while sales and other consumption taxes were a bit off, as were fuel taxes.

The sales and use tax lagged its target by more than 7 percent, and the gasoline tax missed its target by about 20 percent. But Vermont's biggest source of revenue, the personal income tax, outperformed its target by more than 48 percent.

Click here for the full report on March revenues.

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