Oregon’s Office of Economic Analysis said April provided no revenue surprises on either the upside or downside.
“The slow growth year that was expected following the revenue book seen in April 2011 largely came to pass,” the state economic office said in its quarterly report released Tuesday.
Personal income taxes came in just slightly below projections, by 0.4%, during the peak tax season.
However, the state’s economic office said the pattern of income tax collections came in different than what was expected, with income taxes on salaries stronger than projected while tax receipts from investment income were weaker.
Corporate tax collections closely matched the March forecast as well, rising 4.6%, according to the report.
“Overall, the revenue growth in fiscal year 2013 is expected to roughly match the modest gains seen in fiscal year 2012,” the report said.
