State revenue up 17 percent in February - WSFA.com Montgomery Alabama news.

State revenue up 17 percent in February

PHOENIX (AP) -

State revenues were up by more than 17 percent last month compared to a year earlier, but state officials said it's too soon to say whether that's a one-time boost or a larger trend.

The Legislature's budget staff said general fund revenues rose to $340 million last month. But they warn the increase overstates real economic growth because February revenues are affected by the processing of income tax returns and can be misleading.

The Joint Legislative Budget Committee report released Wednesday shows year-to-date revenue is running 4.4 percent higher than last year and above the state forecast.

A better measure is sales taxes.

Those showed a strong 7.4 percent gain in February compared to a year earlier, a sign consumers are spending more as the economy improves.

Copyright 2013 Associated Press. All rights reserved.

  • NewsMore>>

  • After years of dejection, proponents of gun laws see hope

    After years of dejection, proponents of gun laws see hope

    Saturday, February 24 2018 10:35 AM EST2018-02-24 15:35:23 GMT
    Saturday, February 24 2018 11:08 PM EST2018-02-25 04:08:08 GMT
    The progression has become numbingly repetitive - mass bloodshed unleashed by a gunman, followed by the stories of the fallen, the funerals and mourning. (Source: AP Photos)The progression has become numbingly repetitive - mass bloodshed unleashed by a gunman, followed by the stories of the fallen, the funerals and mourning. (Source: AP Photos)

    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.

    More >>

    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.

    More >>
  • Attorneys seek information on aborted Alabama execution

    Attorneys seek information on aborted Alabama execution

    Friday, February 23 2018 3:04 AM EST2018-02-23 08:04:29 GMT
    Saturday, February 24 2018 11:07 PM EST2018-02-25 04:07:56 GMT
    (Alabama Department of Corrections via AP). This image provided by the Alabama Department of Corrections shows Doyle Lee Hamm, an inmate scheduled to be executed Thursday, Feb. 22, 2018 in Alabama. Alabama is set to execute Hamm, who argues his past dr...(Alabama Department of Corrections via AP). This image provided by the Alabama Department of Corrections shows Doyle Lee Hamm, an inmate scheduled to be executed Thursday, Feb. 22, 2018 in Alabama. Alabama is set to execute Hamm, who argues his past dr...
    Alabama postpones execution of inmate with damaged veins.More >>
    Alabama postpones execution of inmate with damaged veins.More >>
  • NRA, Florida face backlash after latest school shooting

    NRA, Florida face backlash after latest school shooting

    Saturday, February 24 2018 4:36 AM EST2018-02-24 09:36:41 GMT
    Saturday, February 24 2018 11:07 PM EST2018-02-25 04:07:43 GMT
    (AP Photo/Mark Lennihan, File). FILE- In this Feb. 15, 2006, file photo, BlackRock headquarters is shown in New York. U.S. companies are taking a closer look at investments, co-branding deals and other ties to the gun industry and its public face, the ...(AP Photo/Mark Lennihan, File). FILE- In this Feb. 15, 2006, file photo, BlackRock headquarters is shown in New York. U.S. companies are taking a closer look at investments, co-branding deals and other ties to the gun industry and its public face, the ...

    NRA faces corporate backlash after latest school shooting.

    More >>

    NRA faces corporate backlash after latest school shooting.

    More >>
Powered by Frankly