ACCORDING TO STATE BUDGET DIRECTOR…..JOHN HICKS…..OCTOBER’S GENERAL FUND RECEIPTS DECLINED ONE-HALF-OF-A-PERCENT COMPARED TO LAST
YEAR….
THE OFFICIAL GENERAL FUND REVENUE ESTIMATE FOR F-Y-26…..CALLS FOR REVENUE TO DECLINE TWO-POINT-THREE PERCENT……WHICH MEANS GENERAL FUND
REVENUES CAN DECLINE TWO-POINT-TWO PERCENT FOR THE REMAINDER OF THE FISCAL YEAR AND STILL MEET THE OFFICIAL ESTIMATE…..
ROAD FUND RECEIPTS GREW FOUR-POINT-NINE PERCENT IN OCTOBER……WITH YEAR-TO-DATE COLLECTIONS UP ONE-POINT-THREE PERCENT COMPARED TO THE
PREVIOUS YEAR……WHICH MEANS ROAD FUND RECEIPTS CAN FALL FOUR-POINT-EIGHT PERCENT OVER THE NEXT EIGHT MONTHS AND STILL MEET THE OFFICIAL
FISCAL-YEAR-26 ESTIMATE…….
