Warm Weather Hurts Consumption Tax Collections In Vermont

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Vermont's disappointing ski season so far this winter has not helped state revenues.
Figures released Thursday by the Agency of Administration show that consumption taxes — like the sales tax and gasoline tax — underperformed their targets in January.

The good news for state officials is that those shortfalls have been mostly offset by better-than-projected performance in the personal income and corporate income tax categories.

Overall revenues for January were short of their target by a bit less than 1 percent. For the first seven months of the fiscal year, they've been short of projections by less than a fifth of 1 percent.

Copyright 2016 The Associated Press. All rights reserved.

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