It's one of the most vexing — yet explainable — questions homeowners/property taxpayers face: How can it be that my home's value has gone down but my property tax bill has gone up? There are a fair amount of moving parts in the answer, but …Continue Reading Property values down, property taxes up, how can this be?
Two months ago, DOR published a blog post noting that price spikes in gasoline had not caused a decline in consumption. That remains true today after reviewing gasoline excise tax collections for March and April. The two months' combined collection is $96.8 million, which is $200,000 more …Continue Reading Gas tax collections holding steady; rate of increase slowing
In a blog item posted in early February, DOR noted that capital gains appeared to be a growing source of state revenue. That appears now to have been a bit of understatement. In numbers released today, DOR reports that the April revenue collection of $2.505 billion …Continue Reading Cap gains fuels $2.505 billion April revenue collection; $587 million over benchmark and up $758 million from a year ago
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