Vermont state revenues short of targets

Vermont state revenues lag targets in October

Associated Press

MONTPELIER, Vt. (AP) -- Vermont state revenues are running short of what was forecast both for the month of October and for the first four months of the fiscal year.

Administration Secretary Jeb Spaulding said Tuesday that the state took in nearly $102 million during October, but that was still more than 2 percent below the target for the month.

Year-to-date, general revenues are running about a half of one percentage point shy of what forecasters had predicted in July.

Spaulding said the personal income — the largest source of revenue for the state — is running more than 4 percent behind its target for the year.

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