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State tax collections up 10.6% through third quarter

By Star-Advertiser staff

LAST UPDATED: 01:28 a.m. HST, Apr 11, 2013

State tax collections are up 10.6 percent through the first nine months of the fiscal year, the state Department of Taxation announced Wednesday.

The collections are coming in higher than estimated by the state Council on Revenues, which has projected 6.7 percent growth for the fiscal year that ends in June.

General excise and use taxes are up 9.7 percent. Hotel-room taxes are up 13.3 percent. Individual income taxes are up 17.9 percent.

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Grimbold wrote:
I can find no printable words for the inept irresponsible lawmakers who do not use the increase of tax collections exclusively to pay of debt . That's why the country is going to hell ! A prudent government should alwas pays off debt when things go well and only take on debt when the economy sours.
on April 10,2013 | 06:00PM
AmbienDaze wrote:
yeah, agree, so sad. but was fun hanging at ferguson's. nicole lowen is hot!
on April 10,2013 | 07:05PM
palani wrote:
According to our Constitution, budget surpluses of more than 5% in two consecutive years must be returned to the taxpayers. Unfortunately, our legislators have made a joke of this in the past by refunding a token $1. Given the administration's and Senate's biennial budget proposals, both of which call for huge increases in spending, it is unlikely that we'll see a surplus in year two.

In other words, spend it before the public notices that they overpaid!

on April 11,2013 | 05:40AM
serious wrote:
The Republican belief is that the taxpayers can spend their own money better than the government. But this is a D state!!
on April 11,2013 | 06:39AM
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