State tax revenues exceed projections 

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Tax revenues have increased more than 5 percent during the first three months of the current fiscal year - double the rate necessary to meet projections used to write the current state budget.

The growth has been led in part by sales taxes - the state's top single revenue source. Those collections increased 3.3 percent over the same period last year, said State Budget Director Adam Horst. They've also exceeded projections by 2.6 percent in this fiscal year, which began July 1.

Corporate income taxes also exceeded projections, although they fell slightly short of last year's receipts. Income taxes are up for the fiscal year but that's in part due to the timing of payroll dates.


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