Vermont tax revenues fall short in January

General Fund revenues totaled $149.62 million for January 2014, -$2.14 million or –1.41% behind the monthly target, as the vital Personal Income Tax was below expectations. Year to date, General Fund receipts are $773.52 million, -$2.14 million or -0.28% below the cumulative target. Year to date revenue is +$23.03 million (+3.07%) ahead of the same period for the prior fiscal year (FY 2013). Secretary of Administration Jeb Spaulding released the January 2014 General Fund (GF) revenue results Thursday. January is the seventh month of fiscal year (FY) 2014.

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