Preliminary general fund revenues for fiscal 2011 were $1.15 billion or about $34 million ahead of target, Vermont Secretary of Administration Jeb Spaulding announced.
Spaulding’s report for June, the final one of the fiscal year, said monthly revenue was nearly $113 million, of 14% above forecasts.
He warned, however, that while the general fund took in nearly 11% more money than in fiscal 2010, revenues still trailed their pre-recession performance in 2008 by almost 5%.
All three major rating agencies rate the state’s general obligation bonds triple-A.
