Rhode Island: 10th State to Report Sept. Tax Gains

PROVIDENCE — "The amount of money the state pulls in from taxes has increased for three consecutive months — further evidence that Rhode Island’s economy has begun to turn the corner, Governor Carcieri said Thursday.  For the three months ended Sept. 30, overall state tax revenue is up about 10.4 percent, or $54 million, compared with the same period a year ago, according to preliminary state estimates. 

There were increases in categories that economists and others watch closely, including sales-tax revenue and tax withheld from workers’ paychecks. Based on those and other figures, Carcieri said he is “cautiously optimistic.” “My sense is we are, month by month, improving,” Carcieri said in an interview at the State House."

See previous CD post here.