Personal income, sales taxes underperformed in 2017
The state of Vermont saw less revenue than expected from personal income taxes in fiscal year 2017 and more than expected from corporate income taxes.
Personal income tax revenue underperformed by $13.9 million, or was 1.8 percent below projections, according to information from the Agency of Administration.
Sales and use tax underperformed by $3.5 million, or $1.4 percent, relative to projections made in January, according to the agency.
“They’re down against revenue forecast,&rdquo
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