News & Your Opinion

Education revenues down 13.8% in October

Halo |

1 year ago

Last updated: 08/11/2023 at 12:30 PM


Tax revenues in the state’s education fund were down 13.8% in October compared to the year prior, but officials say the decreases shouldn’t cause alarm. “The Education Trust Fund receipts in 2021 and 2022 were so far above normal that we expected growth to slow down,” Kirk Fulford, deputy director of the Legislative Services Agency, said about previous record revenues fueled by federal pandemic relief spending. “The 2023 numbers came in slightly below where we thought and the October receipts appear to be a continuation of the slowing down,” Fulford said. “October was also the first month with

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