The Shumlin administration announced Monday
morning that state collections of taxes and fees during March exceeded expectations. But the figures released by the administration showed that the transportation fund receipts were off.
The state of Vermont’s general fund revenues came in more than 9 percent
short of their target for December, a setback after four consecutive
months of exceeding their targets.
Vermont’s state general fund revenues are slightly above their targets for the first two months of the fiscal year, but the state’s top budget officer says it’s not time to celebrate.