There’s positive news about jobs and tax collections, but federal policies may pose a threat

Treasury officials confident revenues will ‘perform better’ during second half of fiscal year

First-quarter tax receipts up by $335M, or roughly 4%, compared to same period last year

Tax receipts for July and August were up a little over 8% compared to collections same time last year

Revenues from income tax and sales tax up, revenues from realty transfer tax decline

Overall tax collections need to climb in second half of fiscal year if state is to keep budget on track