April 04, 2019
PUBLIC FINANCE > Budget > FY 2019

Brief Analysis: Tax Revenue Roller Coaster

Tax revenue collections have been a roller coaster ride during fiscal 2019. Through the first five months of the year, tax collections were strong, ending November $323 million over estimates. In December and January, however, collections fell far short, ending January with a year-to-date variance of $403 million below benchmarks.