This week the latest revenue collections report was issued and shows state revenues dropped another $22.3 million since the June economic and revenue forecast.

The drop in state revenues is a combination of unanticipated tax refunds ($4.1 million) and a drop in economy-related activities ($18.2 million).

Despite the decline in revenue, the state remains in the black at this time for the remainder of the 2011-13 biennium.