Income tax collections were down, and sales tax collections were up in October. The two are major indicators of the state of the economy and provide most of the state government’s revenue.
Collections were up in September, so budget-writers facing a $1.6 billion to $1.8 billion shortfall are at least seeing some stabilization of collections after several months of declines.
Overall collections were down a miniscule 0.1 percent in October, or a little more than $1.1 million.
For the first four months of the fiscal year, collections are still down 2 percent, or almost $111 million. The state’s fiscal year began July 1.