Saturday, May 03, 2008

State Releases April 2008 General Revenue Report: Revenue Is Up, No, Wait, It's Down, No, Wait, It Depends On How You Look At It

State revenue is up!

Commissioner of Administration Larry Schepker announced today that 2008 fiscal year-to-date net general revenue collections compared to fiscal year 2007 have increased by 2.2 percent, from $6.31 billion to $6.45 billion.

No, wait, he's saying state revenue is down!
Net general revenue collections for April declined by 9.8 percent compared to those for April 2007, from $1.13 billion to $1.02 billion.
Let's see now, the city revenue is down because of sales tax decline, the state revenue is down because of sales tax decline, I can't wait to hear how the county's doing!

You can read the full report here.

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