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State Revenue Collections Down For October

Photo: WINA

State Revenue Collections Down For October

Governor McDonnell has announced the October revenue collections declined by¬†5.4 % from the same month in 2012. Last month’s dip in revenue was spurred by lower corporate and sales tax receipts. There was also less revenue from the taxes on deeds and other legal documents. McDonnell says the total amount of payroll withholding taxes only grew by .5% in October.