pennies

Arizona’s state revenue up 2.6% in October

Revenue for state government is up amid what legislative budget analysts call a sluggish, slow-growth economy.

October’s revenue increased by 2.6 percent over the same month a year earlier, with the increase largely propelled by 5 percent growth of individual income taxes.

Sales tax collections rose by just under 1 percent in October. Collections from retail sales were up but collections on contracting were down for the second straight month.

Revenue figures were reported by the staff of the Joint Legislative Budget Committee.

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