Fiscal 2020 cash collections decline 2.7% from one year prior

PBN Staff

09/22/2020

RHODE ISLAND cash collections in fiscal 2020 declined 2.7% year over year to $3.9 billion.

PROVIDENCE – Fiscal 2020 cash collections declined by 2.7% from the previous year, to $3.9 billion, the R.I. Department of Revenue said on Tuesday. The $108.5 million decline was largely driven by a downturn in collections of personal income tax and lottery transfer revenue attributed to the COVID-19 pandemic. Personal income tax collections totaled $1.2…

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