State revenues exceed estimate in May

State revenue collections rebound slightly in May

State revenue collections rebounded in May, but the recovery does not seem big enough to offset what was a dismal April.

In May, according to figures from the Department of Revenue, the state collected $453.7 million in revenue – $4.3 million or .96 percent more than the official estimate.

The figures for May, which do not include some earnings on investment or other non-Department of Revenue sources of income, are much better than the figures for April, when revenue collections were $85 million below the estimate.

Daily Journal
6/1/16