April VA General Revenue Up Slightly Over 2012 - 47 ABC - Delmarva's Choice

April VA General Revenue Up Slightly Over 2012

Posted: Updated:

RICHMOND, Va. (AP) - Virginia general revenue increased last month by 2.2 percent over April 2012 in one of the year's most significant tax collection months, putting Virginia slightly ahead of its budgeted forecast 10 months through its fiscal year.

That means Virginia needs to collect about $3.6 billion in May and June to meet its budgeted general revenue target of $16.4 billion and finish the budget year with its balance sheet in the black.
    
April is a major month for individual income taxes because Virginians typically file their state returns by the federal tax deadline of April 15. Net individual income taxes, including refunds, comprise two-thirds of the general budget and increased by about $53 million, or 5.5 percent, over the same month a year ago.

 

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Credit Card Scam Hits Ocean City

    Credit Card Scam Hits Ocean City

    Thursday, July 31 2014 5:08 PM EDT2014-07-31 21:08:08 GMT
    OCEAN CITY, Md. - The Ocean City Police Department is warning citizens of a recent cyber crime scam.More >>
    OCEAN CITY, Md. - The Ocean City Police Department is warning citizens of a recent cyber crime scam.
    More >>
  • More Than 50 Ponies Auctioned In Chincoteague Island

    More Than 50 Ponies Auctioned In Chincoteague Island

    Thursday, July 31 2014 10:00 PM EDT2014-08-01 02:00:15 GMT
    CHINCOTEAGUE ISLAND, Va. – Just one day after they swam across the Assateague Channel, more than 50 ponies are on their way to a new home! "You don't need to register or anything, you just show up withMore >>
    CHINCOTEAGUE ISLAND, Va. – Just one day after they swam across the Assateague Channel, more than 50 ponies are on their way to a new home!More >>
  • Herd Control Achieved

    Herd Control Achieved

    Wednesday, July 30 2014 12:07 AM EDT2014-07-30 04:07:55 GMT
    BERLIN, Md.- Just about 20 years into its horse control program, the National Park Service on the Maryland side of Assateague Island, is claiming victory.More >>
    BERLIN, Md.- Just about 20 years into its horse control program, the National Park Service on the Maryland side of Assateague Island, is claiming victory.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.