Budget writers received a bit of good news today in the Economic and Revenue Forecast Council’s monthly Economic and Revenue Update. For the March 11 to April 10 period, collections were a bit above the amount expected under the forecast adopted on March 20.

Key points from the summary:

• Major General Fund-State revenue collections for the March 11 – April 10, 2013 collection period were $28.7 million (2.9%) higher than the March forecast.
• Most of this month’s variance was due to an unexpected $22.0 million one-time payment for taxable activity in prior periods. Without this payment, collections would have been $6.7 million (0.7%) higher than forecasted.

The Update be downloaded here.