RICHMOND, Va. (AP) - Virginia's tax collections for January are almost one-fifth greater than they were for the same month a year ago. Strong income tax collections, a quirk of the calendar and delayed refunds all contributed to the increase.
The $1.8 billion in general fund receipts last month is 19.5 percent greater than the $1.5 billion taken in during January 2012.
Taxes withheld from paychecks increased by 17.5 percent for the month. That accounts for nearly two-thirds of general taxes that fund core services such as schools, police and health care.
Taxes paid by the self-employed and investors jumped nearly 43 percent. That accounts for 15 percent of general taxes.
Last month offered one more deposit day than January 2012.
Refunds declined from $97 million the previous January to $30 million last month.
Saturday, May 18 2013 10:19 AM EDT2013-05-18 14:19:20 GMT
DELMAR, Del-This week WBOC has been following the discussion about adding two more casinos in Delaware; one of them being in Sussex County. A house committee in the First State put a plan for two moreMore
This week WBOC has been following the discussion about adding two more casinos in Delaware; one of them being in Sussex County. A House committee in the First State put a plan for two more casinos temporarily on hold.More
Saturday, May 18 2013 10:27 AM EDT2013-05-18 14:27:28 GMT
DES MOINES, Iowa (AP)— Powerball officials say the jackpot has climbed to an estimated $600 million, making it the largest prize in the game's history and the world's second largest lottery prize. LotteryMore
A little more than a year after three tickets split a world-record lottery prize, the jackpot for Saturday's Powerball drawing was nearing historic territory.More
Two Ocean City brother, Samir and Basel Ramadan, are behind bars. Federal officals say the two are ringleaders of a cigarette smuggling ring that netted millions. Police have arrested 15 people in this case - and now they're trying to find out where is all the money. As WBOC's LeAnne Matach reports, neighbors of the two brother say they are shocked that something like this was happening in their community.More