New tax numbers lack the big bump seen in Jan.

Connecticut’s regular tax revenue will see a small boost this year and next, even as a windfall in onetime tax receipts this past winter came in larger than expected, a new report released by the state Monday showed.

State tax collection predictions for fiscal year 2019 rose by $328 million — in a state budget of $20 billion — according to the governor’s Office of Policy and Management and the nonpartisan Office of Fiscal Analysis.

Meanwhile, total tax collections for the year ending June 30 will be up by $586 million, much of that part of the windfall.

Both of those numbers are up modestly compared with total taxes collected in fiscal years 2016 and 2017 and continuing Connecticut’s slow economic growth, which lags the rest of the country.

A surge in tax collections over the winter — by $1.2 billion — created hopes that the added money this year would translate to faster growth in future years. The bad news is that didn’t happen; as it turns out, according to Monday’s calculations, the $1.2 billion was one-time revenue resulting from a tax rule in 2017 and the stock market gyrations.

The report is “a milestone we should all recognize and appreciate,” said Gov. Dannel P. Malloy Monday evening.

Ranking member of the General Assembly’s Finance Committee, Rep. Chris Davis, R-Ellington, was less jubilant.

“It’s a mixed bag,” he said. “The underlying numbers, if you look past just the income tax numbers, give us troubling signs of the state’s economy, when it comes to the sales tax and corporate taxes.”

Senate President Pro Tempore Martin Looney, D-New Haven, called the report “very welcome news.”

“The reforms adopted as part of the bipartisan budget will lead to more than $1.5 billion being deposited into the state’s Rainy Day Fund and a stronger, more stable economic outlook,” he said in a statement.

The Rainy Day Fund increase includes the $1.2 billion plus a portion of the added tax collections for next year, which by law must be saved for emergencies. It could be used to erase a small deficit for this year and cushion the state against possible downturns in the next few years.

Monday’s report showed that the shortfall for this year now stands at $382 million, which lawmakers and Malloy will have to chop down. Much of that is the result of delayed federal payments for Medicaid, which should come over the summer.

The state also faces climbing unfunded liabilities for pension and health obligations, despite a state budget that already made deep cuts in certain corners.

Even a few hundred million dollars extra will likely ease the legislature’s job of crafting a revised budget for fiscal year 2019 — which it must do in the next nine days, unless it decides to keep the budget plan approved in October. More money could mean fewer cuts, shorter negotiations and more happy constituents.

“Now that we have the consensus revenue report, I look forward to working with my Democratic and Republican colleagues on making adjustments to the bipartisan budget in order to better fund public education, protect aid to cities and towns and to end the year with a balanced budget,” Looney said.

The new revenue forecast did prompt the Office of Policy and Management to revise its deficit estimate from earlier this month up $18.3 million.

According to their budget plan released just over a week ago, Democrats hope to funnel an extra $100 million toward education in 2019, including kicking off a new free college tuition program for more than 3,000 incoming freshmen. The spending plan also eliminates transportation rate hikes and keeps bus and train services at current levels while maintaining the statewide car tax mill rate topped at 45.

Republicans criticized the Democrats plan as a “political ploy,” and pitched a much more draconian spending guide that scooped money out of the Rainy Day Fund and privatized state services in order to eliminate the state’s deficit and make a payment toward the State Employee’s Retirement Fund, Teacher’s Retirement Fund and Retired Teacher’s Health Fund.

Common ground between the two parties included restoring some funding for the Medicare Savings Plan, school health clinics and Department of Social Services Hispanic programs. Both budgets increased municipal and education grants to towns. They also reduced cuts to the Care 4 Kids preschool program and retired teachers health care.