State revenues continue climb

April revenue collections by state government increased by 1.5 percent over the prior year, continuing a trend of increased monthly state revenues dating back to last year. This is the 13th month out of the last 14 in which state revenue collections exceeded the previous year’s amount. Over the last six months, state revenues have grown by 7.7 percent.

April is a significant month for revenue collections with final payments for tax year 2010 due April 15th for corporations and May 1 for individuals. The April revenue increase was primarily driven by withholding (+6.5%), nonwitholding (+11.1%) and sales tax (+7%- this number reflects March sales) collections.

On a year-to-date basis total revenue collections have risen 4.5 percent, ahead of the annual forecast of 3.5 percent growth. Adjusting for the accelerated sales tax program in June 2010, total revenues grew 6.1 percent through April, ahead of the economic-base forecast of 5.5 percent growth.

“That means we are now seeing gains over previous gains, which is a positive sign that this recovery is increasingly taking hold. While we have a long way to go before every Virginian can find the good-paying and rewarding job they need and deserve, it is clear that progress is being made,” Virginia Gov. Bob McDonnell said in a statement Thursday.

         
 

UVA Basketball Fans!

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is available for $25. The book, with additional reporting by Zach Pereles, Scott Ratcliffe, and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018 through to the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.

Dick Vitale on Team of Destiny: “This is a hoops story you will LOVE! Jerry and Chris capture the sensational and dramatic championship journey by Tony Bennett and his tenacious Cavalier team. UVA was Awesome Baby and so is this book!”

Ralph Sampson on Team of Destiny: “Jerry and Chris have lived and seen it all, even before my time. I highly recommend this book to every basketball fan across the globe. This story translates to all who know defeat and how to overcome it!”

Feedback from buyers: “Got the Book in the Mail Saturday, and could not put it down! Great read and great photography as well! Love all of the books I’ve received, but hands down, this is my favorite!” – Russell

Buy here.


augusta free press news
augusta free press news
augusta free press news


Comments