December state revenues stronger than projected

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Vermont state revenues were stronger than expected in November. In the first six months of this fiscal year, the state has collected about $6 million more than was expected.

Overall, the state’s General Fund revenues in December were nearly 9% higher than they were a year earlier. The state’s biggest source of revenue – the personal income tax – was up more than 15% from December of 2001.

The state’s Education Fund lagged, however, mainly due to continuing poor performance in the state’s corporate tax collections.

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