State reports record-high gross receipts; appropriations subcommittees schedule hearings
December 16, 2022
The November revenue report from State Treasurer Randy McDaniel is out, and shows gross receipts for the past year set a new record high for the sixth consecutive month. The 12-month gross receipts through last month totaled $17.36 billion, an increase of $2.44 billion, or 16.3 percent from the prior 12 months. Comparing November’s figures to the same period a year ago, total monthly gross collections were $1.31 billion, an increase of just over 10 percent.
The one area of concern noted in the report is that even though we’re enjoying lower prices at the pump, there could be an impact f...