- Associated Press - Wednesday, March 25, 2015

PROVIDENCE, R.I. (AP) - The state Department of Revenue says total year-to-date revenues through February were 2.4 percent higher than expected.

A report released Wednesday shows that year-to-date revenues last month totaled nearly $2 billion, about $47.1 million ahead of expectations established at the state’s November revenue estimating conference.

Total revenues include personal income tax, sales and use tax, departmental receipts, lottery transfer and all other general revenue sources. Personal income tax is the largest source of revenues in the state.

Monthly total revenues were also more than expected in February, at nearly $178 million, an increase of 1.7 percent.

Director of Revenue Rosemary Booth Gallogly says last month’s sales and use tax revenues were lower than expected, likely because of the winter storms that battered the Northeast in January and February.


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