The Evers administration today predicted revenues for the 2021-22 fiscal year will come in higher than expected with collections from income, corporate and sales taxes all running ahead of projections so far.
Department of Revenue economist Emily Camfield noted income tax collections will be impacted significantly in the coming months as the tax cuts and changes in withholding tables kick in.
Even with that, she predicted the Legislative Fiscal Bureau will revise upward the overall tax collection picture for 2021-22. Camfield didn’t give reporters on a conference call today a ballpark of how much the administration believes overall revenue projections will exceed previous expectations.
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