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State revenues down 3 percent for January.

CONCORD – For the second month in a row state revenues were about 3 percent below budget writers’ projections.

During January, $100.7 million in revenues were collected, down $3.9 million from projections.

However revenues continued ahead of projections seven months into the 2014 fiscal year, taking in $972.8 million, which is $13.1 million ahead of estimates and $600,000 ahead of last year at this date.

Most revenue sources were below estimates for the month with the exception of business taxes and the state utility tax, which were slightly ahead of estimates.

Administrative Services Commissioner said it is difficult to discern a trend from the revenue report.

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