Sales-tax collections raise the state’s revised revenue outlook; corporate-income expectations soften

Updated revenue estimates indicate sales-tax collections are coming in stronger than expected, which raises projected revenue for the current period and the next budget year, while corporate-income-related projections were revised downward compared with earlier estimates. In practical terms, the update suggests consumer-spending-driven tax inflows are outperforming prior assumptions, even as other tax categories are not tracking as strongly. For more information clik here.