General Fund Revenue Collections Declined by 20.7% in May – The Biggest One Month Decline in 13 Years

Significant Decline Occurred in Individual Income Tax Payments RICHMOND– Governor McAuliffe announced today that general fund revenue collections decreased by 20.7 percent in May, with large declines in individual nonwithholding, the corporate income tax, and the tax on wills, suits, deeds, and contracts (recordation tax).  On a year-to-date basis, total revenue collections were down 1.6 […]

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