Commonwealth Posts 17.2 Percent Revenue Growth in February

A release from the Governor’s office:

"Governor Bob McDonnell announced today that February revenue collections rose 17.2 percent over the same month a year ago. February is typically not a significant month for revenue collections, but an extra deposit day created by the leap year observance bolstered the numbers and all major sources except insurance premiums contributed to February’s growth.

On a year-to-date basis, total revenue collections have risen 5.0 percent, slightly ahead of the revised annual forecast of 4.6 percent growth. Adjusted for the accelerated sales tax program, state revenues have grown 4.6 percent, close to the economic base forecast of 4.7 percent growth."