The state's revenue collections for the first quarter of the 1994 fiscal year increased 7.3% over last year's levels.
The official forecast for revenue growth during the quarter called for revenues to rise 6.3%. Virginia's fiscal year began July 1.
In a recent memorandum to state legislative leaders, Virginia Finance Secretary Paul W. Timmreck said the slightly better than forecast growth means that the state has taken in about $13.6 million more than expected during the quarter.
Overall, state officials have forecast growth of 4% for the year. Revenues increased 9.1% during fiscal 1993, but officials have said they do not expect growth to be as robust in fiscal 1994.
In his memo Timmreck said, "There is no reason to believe that the forecast for fiscal 1994 is not attainable. " But he said the economy remains uncertain.
"Even though consumer spending and confidence are increasing slightly, uncertainty about corporate downsizing and health-care reform could dampen the all-important holiday shopping season," Timmreck said.