August tax revenues $3.3 million over forecast

For the month, which is the first collection period for fiscal 2005-2006, the state’s general fund overcollected by $6.2 million, while four other funds undercollected $2.9 million.

Sales tax collections beat the estimate of $531.2 million by $1.4 million. Franchise and excise taxes collected $700,000 more than the expected $33 million.

Gasoline and motor fuel tax revenue declined by 4.4 percent, bringing in $4.2 million less than expected. Inheritance taxes were undercollected by $3.3 million.