State Tax Collections Down This Year
State tax collections in the fiscal year's first quarter are more than $34 million below estimates. Figures from the State Budget Office show that tax collections are down for the 5th straight month. September's tax collections were about $2 million below estimates. Deputy Revenue Secretary Mark Muchow tells the Charleston Daily Mail that the decline is due to sluggish wages and consumer spending. He says the state will need revenue growth of at least 2.8 percent over the next nine months to avoid a deficit.