Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Economic Forum approves fiscal-division sales-tax forecast after MINT timing adjustment
Summary
After hearing presentations from forecasters and the Department of Taxation on the MINT reporting change, the Economic Forum voted to adopt the Fiscal Analysis Division's sales-and-use tax forecast with a pro forma adjustment that recognizes two weeks of shifted receipts from FY26 into FY25 under the new MINT closedate.
The Economic Forum voted on May 1 to adopt the Fiscal Analysis Division's forecast for the state 2% sales-and-use tax, applying a pro forma timing adjustment to reflect the Department of Taxation's MINT implementation.
Fiscal Analysis Division staff explained they treated the MINT cutover as shifting roughly two weeks of commerce that previously would have posted in the next fiscal year into the current year; the forum agreed to apply that adjustment when selecting a forecaster. Forum members then…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
