The news from the monthly state revenue report for April was mixed.

Gross revenue in April  of $793.7 million was down $7.5 million from last year, but $8.4 million above forecast.

Advertisement

The net, after mandatory deductions for such things as constitutional agencies, was $661.3 million or 6 percent more than last year and 5.9 percent above forecast, but a one-time payment of $8 million from ending on an insurance pool inflated the number. The rise was attributed to individual income tax, perhaps a spinoff from the state’s low unemployment rate. But corporate income tax and the important sales tax came in below forecasts.

Ten months into the fiscal year, the state has a $110 million surplus of income above the forecast that was appropriated.

Advertisement