Income tax withholding again ran ahead of last year's pace, and is up 3.6 percent from last year since late March.
October revenue collections from the state’s three largest taxes were ahead of budget projections by $2.8 billion (40 percent).
Withholding this week was up 6 percent from the same week last year, pushing the cumulative gain since late March to 3.5 percent.
Income tax withholding kept pace with the same week in 2019, and collections since March are up 3.4 percent from 2019.
We examine whether economic effects of COVID-19 can be observed in weekly withholding data.
September collections from the state’s three largest taxes were ahead of budget projections by $4 billion (42 percent).
We examine whether economic effects of COVID-19 can be observed in weekly withholding data.
We examine whether economic effects of COVID-19 can be observed in weekly withholding data.
We examine whether economic effects of COVID-19 can be observed in weekly withholding data.
We examine whether economic effects of COVID-19 can be observed in weekly withholding data.
We examine whether economic effects of COVID-19 can be observed in weekly withholding data.
August revenue collections from the state’s three largest taxes were ahead of budget projections by $1.7 billion (24 percent).
We examine whether economic effects of COVID-19 can be observed in weekly withholding data.
We examine whether economic effects of COVID-19 can be observed in weekly withholding data.
We examine whether economic effects of COVID-19 can be observed in weekly withholding data.