Puerto Rico's July-through-October revenue collections are nearly on target, with receipts coming in just $1 million below budgeted estimates.

The commonwealth collected $2.13 billion of revenue in the first four months of fiscal 2011, which began July 1. While income and property taxes are performing better than expected, corporate tax receipts for July through October are down about $34 million from budgeted projections. Various revenues, specified as "other revenues," are also $34 million below estimates.

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