State Revenue Up for October

State tax collections surged ahead 3.7% in the month of October, compared to the same period in 2009, but revenues are still lagging behind predictions.

Gov. Bob McDonnell’s (R) office released the numbers Friday.

After adjustment for the state’s accelerated sales tax program, total revenues were up 3.6% for the year. That’s less than the 4.2% growth budget experts had projected.

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