Secretary of Administration Susanne Young Releases Vermont's Revenue Results for November 2019 (Dec. 2019)
On December 20, 2019, Secretary of Administration Susanne Young released revenue results for the State of Vermont for the month of November and the first five months of the State’s 2020 fiscal year. Although receipts during the month of November under-performed versus expectations for the month, cumulative through November revenue receipts overall for the three major funds continue to track at or above consensus expectations.
According to Secretary Young, monthly results in the General Fund ”...were affected by the timing of the Thanksgiving holiday break on the last business days of November and receipts from those two days will be reflected in December receipts. Year to date, General Fund revenues exceed their target by $10.29 million, or 1.73%...”
Receipts in the Transportation Fund and in the Education Fund performed well during the month of November. Cumulative receipts in both funds were either “on-target” (in the Transportation Fund) or ahead of target (in the Education Fund).
Click the pdf below to read a copy of the Secretary’s press release.