The report from top state forecaster Steve Lerch of the Economic and Revenue Forecast Council confirms the kind of slow gains that the state treasury has seen in the past two years, which has led to a series of upward adjustments in revenue forecasts.
About $34 billion is now expected in general fund and dedicated school accounts during the ongoing budget cycle that ends in June 2015.
The report says tax collections during the Sept. 11 to Oct. 10 period represented a 1.2 percent increase compared to the forecast. Much of the boost was attributed to real-estate excise taxes tied to large commercial property sales.
The report also said state personal incomes are increasing, but trailed the national increase of 6.3 percent in the second quarter of the year.