LFB: State tax collections $319 million higher than June estimate

State tax collections continued to exceed expectations in the 2020-21 fiscal year as the state took in $319 million more than what the Legislative Fiscal Bureau had projected just two months ago.
In June, LFB had anticipated $19.25 billion in general fund tax collections in the second year of the budget. Instead, tax collections came in at nearly $19.6 billion.
LFB Director Bob Lang said the bump ...

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