The revisions to estimated tax revenue include:
- $910 million increase in the estimate of revenue from the individual income tax;
- $240 million reduction in sales tax revenue; and
- $68 million reduction in corporate income tax.
There is sure to be a number of different ideas about what we should do with this additional revenue. One possibility would be to reverse some of the most harmful cuts that were proposed in the executive budget.
Tamarine Cornelius & Jon Peacock