Good Economic News for a Change

By  | 

State officials say state revenue collections for the second quarter of the year were better than the figures for the first quarter. Money from the lottery and Single Business Tax were up 11 percent, and income tax collections were up ten percent. However, economists continue to worry about sales tax revenues, which have been up only once in the last five months.

The head of the House Fiscal Agency Mitch Bean says that can be traced to lower auto sales. The Secretary of State collects that money, and collections are off almost ten percent.

Bean says if more people bought cars, the numbers would turn around. Asked if she would do that, the governor says she is sticking with her Ford Focus. However, the chair of the senate budget committee, Shirley Johnson, reports her husband just bought a new Lincoln.