- Associated Press - Thursday, June 4, 2015

MONTPELIER, Vt. (AP) - The state of Vermont says May General Fund revenues were below expectations, but officials still expect to meet the revenue goals for the fiscal year that ends June 30.

Vermont Administration Secretary Justin Johnson says officials had predicted a General Fund revenue shortage in May. Figures showed General Fund revenues were about 7.1 percent below expectations.

But Johnson says the state still hope to meet the General Fund target for the fiscal year that ends June 30.

The Transportation Fund was about 0.3 percent above the monthly target, but it’s year-to-date target is ahead by almost 0.1 percent.

The Education Fund was about 4.3 percent below target. The year-to-date projection is almost 0.7 percent behind target.

Johnson says officials will be watching June revenues carefully.

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