State tax collections were down in May, but the dip was expected after unusually high April revenues, state budget officials said Monday.
May revenue came in $143 million less than projections. But April revenue was up $159 million because of faster-than-usual tax returns processing.
Overall – with just one month left in the fiscal year – revenues are below projections by two-tenths of 1 percent, or about $25 million. June is the second-largest month of the year in terms of tax collections.
Revenues are running nearly $200 million ahead of planned spending in the budget.