State earnings slightly under budget predictions - 2004-01-28
Though sales taxes have reached nearly double expectations, state earnings for the first six months of the fiscal year were a little below the projections used to construct the 2003-05 budget, the Legislature’s fiscal analysts reported Tuesday.
Analysts don’t expect gaming tax revenue to go beyond projections for the rest of the year. Because of the way casino taxes are gathered, the revenue increase can appear artificially high early in the year, Comeaux stated.
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