RICHMOND, Va. (AP) — Virginia general revenue increased last month by 2.2 percent over April 2012 in one of the year’s most significant tax collection months, putting Virginia slightly ahead of its budgeted forecast 10 months through its fiscal year.
That means Virginia needs to collect about $3.6 billion in May and June to meet its budgeted general revenue target of $16.4 billion and finish the budget year with its balance sheet in the black.
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