More Sales Tax Revenue Than Expected



Illinois sales tax receipts rose 11 percent in August. Strong automobile sales likely helped lift the numbers.
 
That runs counter to the state government's forecast of flat sales tax growth for the fiscal year that began July 1.
 
The (Champaign) News-Gazette reports (http://bit.ly/19ttzgW ) that in the first two months of the fiscal year, receipts have grown $108 million, or more than 8 percent, above last year's level.
 
Officials say the results are "a little surprising." But they caution against reading too much into the jump.
 
He attributed the gains to good auto sales.

(Copyright 2013 by The Associated Press. All rights reserved.)

Filed Under :  
Topics : Business_Finance
Social :
Locations : Illinois
On-Air Now
Local Weather
Archive
  Powered By InterTech Media, LLC