Revenue Release for September Tax Receipts (Oct. 2019)

On October 18 2019 Administration Secretary Susanne Young released revenue results for the State of Vermont for the month of September and the first quarter of the State’s 2020 Fiscal Year.   According to Secretary Young “...General Fund and Education receipts were above the consensus cash flow target for the month while Transportation Fund revenues were below expectations...Year to date General Fund revenues were above target and the Transportation and Education Funds are essentially on target...”.  Secretary Young then commented; ”...It is encouraging that the September collections were ahead of forecast because September collections reflect quarterly estimated personal and corporate income tax payments. But we also recognize that we are only one quarter into the fiscal year and much can change...”

Click the pdf below to download Secretary Young’s entire press release with the comprehensive State revenue receipts data.