R.I. cash collections increase in September

R.I. DEPARTMENT OF REVENUE Director Rosemary Booth Gallogly said the September cash collections report showed that growth in sales and use tax collections remains solid. / COURTESY R.I. DEPARTMENT OF REVENUE
R.I. DEPARTMENT OF REVENUE Director Rosemary Booth Gallogly said the September cash collections report showed that growth in sales and use tax collections remains solid. / COURTESY R.I. DEPARTMENT OF REVENUE

PROVIDENCE – The state Department of Revenue showed that year-to-date, total general revenue increased 3 percent compared with the same three-month period last year.

In its cash collections report for September, the DOR said that year-to-date, total general revenue was $883.4 million, compared with $857.4 million in the prior fiscal period.

Comparing September 2014 to September 2013, total general revenue increased 1.3 percent to $296.6 million from $292.9 million.

Included in the general revenue is personal income tax, sales and use tax, departmental receipts, lottery transfer and other general revenue sources.

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DOR Director Rosemary Booth Gallogly said in a statement, “Year-to-date [fiscal] 2015 cash collections continue to show growth over the same period in [fiscal] 2014. Although the fiscal year- to-date growth in cash collections has slowed since August, I am pleased to see that the growth in sales and use tax cash collections remains solid.”
Regarding monthly cash collections, Gallogly said that lottery transfer cash collections “exhibited positive year-over-year growth in September 2014, the first time the state has had positive year-over-year growth in this important revenue source since March of 2014.”

Lottery transfer collections grew 1.8 percent from September 2013 to September 2014, to $34.2 million from $33.6 million.

The full cash collections report can be viewed at www.dor.ri.gov.

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