State tax revenues in February came in below the forecast, the Department of Finance and Administration announced today. Net available general revenues in February totaled $321.5 million. That’s $9 million (2.7 percent) below the forecast.
Eight months into the fiscal year, the state’s net available general revenues total $3.7326 billion. That’s $142.1 million (4 percent) above year-ago levels, but is below forecast by $5.1 million, or 0.1 percent.
One factor mentioned by the DF&A to explain February revenues coming in below forecast: lower-than-expected income tax collections were “partly attributable to Federal government shutdown.”
Here’s the full revenue report from the DF&A.