MONTPELIER, Vt. (AP) - Officials say Vermont’s General Fund revenues were down almost 14 percent in February, but the drop was due to the state beginning to clear out tax refunds that had been delayed in February due to concerns over fraud.
In February, General Fund revenues were almost 25 percent above expectations.
Nine months into the fiscal year, General Fund revenues are beating the forecast by almost two-tenths of one percent.
The separate Transportation Fund was almost 8.75 percent above expectations and the Education Fund beat expectations by just under one half of 1 percent.
Administration Secretary Justin Johnson says the revenue numbers suggest that tourists were still coming to Vermont this winter despite the warm weather that can hurt winter tourism. He says he’s pleased with the year-to-date revenue results.
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