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The monthly shor�all was the largest this fiscal year and completes
24 consecu�ve months in which General Fund revenues failed to
meet the Department of Revenue’s projec�ons.
EMPLOYMENT STATISTICS
Rela�ve to April, the shor�all was driven primarily by below- March 2010 Monthly Change
es�mate collec�ons in Corpora�on Taxes and the Personal Income Labor Force 6.458 Million +6,000
Tax (PIT). Total Corpora�on Taxes were down nearly $147.4 Million
and the PIT was short of es�mate by $128.6 Million. Unemployment Rate 9.0% +0.1
Shortages in Non-Tax Revenues can be a�ributed to licenses for Total Employment 5.876 Million +2,000
table games that have not yet been collected. The licenses were
projected to generate $99 Million in April and another $96 Million in 12-Month Growth
May. It is expected that about $165 Million of the total $195 Million Total Employment -80,000
in license fees will be collected by June 1, 2010.
Unemployment Rate +1.5