September State Tax Revenues Reflect Recovery
1. Kansas reported Thursday that it collected $3 million more in taxes than anticipated in September. It was the third consecutive month the state met or surpassed its projections. Tax collections since the fiscal year began July 1 were almost $38 million more than anticipated.
2. Massachusetts tax revenues surged in September, increasing more than 14 percent compared to the same month last year. Revenue Commissioner Navjeet Bal says the state collected more than $2 billion last month, or about $250 million more than September of last year. She said it was a sign of a growing economy.
3. West Virginia's economy continues to perform above expectations, based on state tax collections in September, according to the state deputy secretary of revenue. Overall, the state collected a total of $380.5 million in taxes for the month, $28.35 million above estimates, and up 5.9 percent from September 2009.
4. Net general revenue collections in Missouri for September 2010 increased by 9.1 percent compared to those for September 2009, from $648.7 million to $707.7 million.
5. Arkansas tax collections for September were 1.8 percent below the monthly forecast but 6.9 percent above collections a year ago, the state’s top fiscal officer said today. “We’re still well ahead of last year, and each month we’re progressing well ahead of last year,” said Richard Weiss, director of the state Department of Finance and Administration.