Arizona's state revenue up 2.6% in October

Arizona's state revenue up 2.6% in October

Updated:

PHOENIX (AP) - Revenue for state government is up amid what legislative budget analysts call a sluggish, slow-growth economy.

October's revenue increased by 2.6% over the same month a year earlier, with the increase largely propelled by 5% growth of individual income taxes.

Sales tax collections rose by just under 1% in October. Collections from retail sales were up but collections on contracting were down for the second straight month.

Revenue figures were reported by the staff of the Joint Legislative Budget Committee.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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