Friday, January 30, 2009
Preliminary figures show that the state collected $21 million less in tax revenues than expected in January.
The Department of Revenue reported Friday that the state took in $513 million during the month.
Officials had expected tax collections of $534 million. The difference is about 4%.
Revenues also lagged behind expectations in November and December.
From July 1, when the current fiscal year began, through January, the state collected about $3.15 billion in taxes. That's $66 million less than projected.
Legislators must close a deficit in the current state budget. The gap is estimated at $186 million, but a new — and larger — estimate is expected next week.