The state Department of Revenue said Tuesday that tax collections last month were $711 million when the state had forecast $636 million. The surplus was 11.8 percent.
It was the seventh consecutive month that tax collections exceeded expectations. Since the current fiscal year began, the state has collected almost $84 million more in taxes than anticipated for a 2.7 percent surplus. Tax collections through December were almost $3.2 billion.
Revenue Secretary Sam Williams said some individuals made estimated personal income tax payments earlier than normal in December because of a cap on the federal tax deduction for state and local taxes taking effect next year.