Here’s the January 2010 state revenue report. It shows a slight increase over collections in the same month a year ago and a microscopic amount in excess of forecast.
But …. the report notes collections are down in most categories and only an aberration in corporate income tax collections (an expected change in time of filing) put collections on the positive side. Even such receipts as the dedicated soda pop tax showed a year-to-year decline. Times remain tough. If this continues, more cuts could lie ahead.