Monthly State Revenue Watch
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Sign up to receive e-mail updates when this page changesData on net state revenue collections is presented in the tables below and is shown both by the month of collection and by the type of revenue source. All state revenues are included, for example, revenues accruing to the state’s General Revenue fund, Available School fund, State Highway fund, Property Tax Relief fund etc.
Some funds, including Trust Funds, Suspense Funds and the Unemployment Trust Fund, and funds held outside the State Treasury are not included in the report. Trust Funds are those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities and are therefore not available for the Legislature to appropriate for state spending. An example of trust funds are those that temporarily hold local sales taxes, remitted along with state sales taxes, prior to their allocation back to cities, counties or transit authorities.
Net revenue is gross revenue less any discounts, allowances, adjustments, or refunds allowed by law. Sources of tax revenue include the state sales tax, motor vehicle-related taxes, the franchise tax, the state’s primary business tax, and taxes on motor fuels. Sources of revenue other than taxes include fees and the state lottery.
Data is presented on a cash-basis and is shown on a monthly basis but not all revenues are remitted monthly. Firms remitting sales tax may do so monthly, quarterly, or annually generally depending on taxpayer size. The franchise tax is primarily remitted just once a year in May.
This information will be updated monthly.
Fiscal 2012
Net State Revenue by Source – All Funds Excluding Trust
(Amount in thousands of dollars)
| Tax Collections by Major Tax |
Sept. 2011 |
Oct. 2011 |
Nov. 2011 |
Dec. 2011 |
Jan. 2012 |
Feb. 2012 |
Mar. 2012 |
Apr. 2012 |
YTD Total |
% Change YTD vs. Last Year |
Fiscal 2012 Estimate† |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales Tax | $1,761,215 | $1,881,454 | $2,075,042 | $1,986,552 | $2,009,907 | $2,015,863 | $1,881,859 | $2,079,247 | $15,691,139 | 12.56% | $22,620,934 |
| % change | 11.71% | 15.93% | 12.18% | 9.54% | 9.52% | 14.79% | 16.79% | 10.94% | |||
| Motor Vehicle Sales/Rental Taxes | $270,317 | $267,021 | $276,961 | $258,707 | $293,603 | $292,540 | $317,980 | $236,615 | $2,213,743 | 14.72% | $3,229,647 |
| % change | 13.64% | 13.48% | 16.24% | 15.44% | 25.66% | 34.87% | 11.50% | -8.45% | |||
| Motor Fuel Taxes | $270,256 | $258,006 | $265,160 | $256,537 | $263,000 | $252,355 | $249,268 | $274,300 | $2,088,881 | 1.63% | $3,112,380 |
| % change | 1.06% | -0.33% | -0.11% | -3.30% | 4.98% | 1.40% | 8.73% | 1.68% | |||
| Franchise Tax | $30,111 | -$11,621 | $56,617 | -$121,043 | -$127,485 | $22,117 | $242,170 | $200,258 | $291,124 | 85.24% | $4,030,796 |
| % change | 233.23% | -42.24% | 49.09% | -53.80% | -805.54% | 178.26% | 39.99% | 3.61% | |||
| Insurance Taxes | $14,733 | $12,177 | $11,608 | $11,063 | $15,603 | $473,248 | $321,971 | $14,331 | $874,733 | 11.40% | $1,409,952 |
| % change | 25.62% | -4.70% | 8.86% | -12.08% | 18.52% | 39.87% | -16.77% | -1674.59% | |||
| Natural Gas Production Tax |
$167,787 | $136,380 | $158,980 | $143,898 | $139,841 | $139,075 | $145,924 | $100,257 | $1,132,142 | 56.90% | $1,294,232 |
| % change | 44.37% | 27.42% | 1089.39% | 54.21% | 78.26% | 33.82% | 29.58% | 3.77% | |||
| Cigarette and Tobacco Taxes |
$76,127 | $141,603 | $77,318 | $127,360 | $116,186 | $168,643 | $63,379 | $127,919 | $898,535 | -7.02% | $1,374,318 |
| % change | -43.39% | 30.72% | -45.92% | 8.42% | 11.34% | 57.71% | -54.02% | 12.18% | |||
| Alcoholic Beverages Taxes |
$72,580 | $74,336 | $73,875 | $71,280 | $84,682 | $69,997 | $75,703 | $85,766 | $608,219 | 8.39% | $889,680 |
| % change | 8.93% | 10.49% | 3.65% | 7.81% | 7.58% | 8.98% | 9.90% | 9.90% | |||
| Oil Production/ Regulation Taxes |
$135,316 | $130,954 | $144,700 | $169,245 | $177,489 | $186,189 | $178,901 | $216,090 | $1,338,884 | 52.71% | $1,325,589 |
| % change | 42.62% | 44.77% | 39.74% | 60.85% | 48.32% | 55.57% | 85.95% | 46.93% | |||
| Inheritance Tax | $0 | -$147 | $0 | $1 | $0 | $58 | -$103 | 0 | $(191) | -124.97% | $0 |
| % change | -103.53% | N/A | N/A | N/A | N/A | -92.46% | N/A | N/A | |||
| Utility Taxes1 | $245 | $123,334 | $5,499 | $33 | $85,456 | $4,828 | $71 | $83,909 | $303,374 | 15.56% | $482,841 |
| % change | 332.13% | 263.41% | -93.85% | -96.74% | 4.62% | 0.48% | -96.13% | 68.28% | |||
| Hotel Occupancy Tax | $31,957 | $32,456 | $34,027 | $28,863 | $26,131 | $25,811 | $30,911 | $40,454 | $250,609 | 8.05% | $368,005 |
| % change | 7.03% | 12.47% | 5.78% | 11.33% | 9.34% | -1.07% | 5.08% | 13.26% | |||
| Other Taxes2 | $10,412 | $19,169 | $17,141 | $12,515 | $17,630 | $14,742 | $10,964 | $55,797 | $158,370 | 65.54% | $199,110 |
| % change | 68.00% | 125.75% | 2.42% | 16.06% | 66.27% | 2.66% | 35.73% | 173.27% | |||
| Total Tax Collections |
$2,841,055 | $3,065,121 | $3,196,927 | $2,945,010 | $3,102,044 | $3,665,464 | $3,518,999 | $3,514,942 | $25,849,562 | 14.46% | $40,337,484 |
| % change | 11.37% | 20.00% | 11.33% | 19.07% | 8.92% | 21.82% | 12.05% | 12.06% |
Revenue by Source
(Amount in thousands of dollars)
| Revenue Source | Sept. 2011 |
Oct. 2011 |
Nov. 2011 |
Dec. 2011 |
Jan. 2012 |
Feb. 2012 |
Mar. 2012 |
Apr. 2012 |
YTD Total |
% Change YTD vs. Last Year |
Fiscal 2012 Estimate† |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Tax Collections | $2,841,055 | $3,065,121 | $3,196,927 | $2,945,010 | $3,102,044 | $3,665,464 | $3,518,999 | $3,514,942 | $25,849,562 | 14.46% | $40,337,484 |
| % change | 11.37% | 20.00% | 11.33% | 19.07% | 8.92% | 21.82% | 12.05% | 12.06% | |||
| Federal Income | $2,883,427 | $2,566,237 | $2,976,832 | $2,784,072 | $2,157,676 | 2,915,278 | $2,984,568 | $2,608,922 | $21,877,012 | -15.22% | $35,706,998 |
| % change | 2.31% | -21.82% | -13.11% | -12.63% | -33.80% | -10.16% | -1.69% | -26.52% | |||
| Licenses, Fees, Permits, Fines & Penalties |
$580,661 | $380,490 | $656,693 | $569,140 | $900,231 | $741,562 | $503,181 | $540,692 | $4,872,649 | -4.18% | $7,455,180 |
| % change | -16.18% | -4.61% | 19.76% | -36.69% | 39.51% | 4.44% | 37.15% | -34.41% | |||
| Interest and Investment Income |
$337,475 | $83,670 | $61,586 | $59,847 | $57,971 | $63,722 | $151,150 | $53,710 | $869,132 | -0.43% | $867,732 |
| % change | 97.20% | 61.09% | 94.54% | -73.87% | 126.12% | 46.18% | -5.78% | -66.33% | |||
| Lottery Proceeds3 | $119,444 | $124,244 | $159,840 | $137,433 | $132,255 | $194,553 | $154,788 | $200,462 | $1,223,019 | 9.55% | $1,691,972 |
| % change | -16.07% | 8.14% | 38.17% | -12.61% | -8.69% | 53.09% | -14.70% | 50.91% | |||
| Sales of Goods and Services |
$40,487 | $37,726 | $37,135 | $34,470 | $24,193 | $39,220 | $28,947 | $29,774 | $271,952 | 85.98% | $418,868 |
| % change | 47.88% | 35.09% | 38.00% | 18.54% | 14.05% | -2.36% | -144.73% | -22.19% | |||
| Settlements of Claims | $941 | $11,377 | $4,282 | $458,852 | $53,197 | $3,700 | $5,344 | $23,184 | $560,877 | -0.47% | $526,042 |
| % change | -53.52% | 103.14% | 201.72% | -10.63% | 2012.00% | -70.17% | 202.06% | -4.64% | |||
| Land Income | $406,021 | $83,575 | $76,322 | $85,579 | $85,527 | $84,023 | $135,672 | $163,142 | $1,119,861 | -0.29% | $713,133 |
| % change | 44.90% | 13.43% | 59.72% | -7.53% | 50.67% | 39.19% | 60.92% | -61.83% | |||
| Contributions to Employee Benefits | $9 | $16 | $10 | $9 | $10 | $21 | $3 | $10 | $88 | -99.99% | $169 |
| % change | -22.22% | 31.52% | -14.12% | -65.87% | -24.20% | 100.76% | -88.39% | -6.13% | |||
| Other Revenue Sources | $213,898 | $537,455 | $268,975 | $263,487 | $553,906 | $331,198 | $324,364 | $574,540 | $3,067,823 | 15.67% | $3,753,669 |
| % change | -11.46% | 1.41% | 18.90% | -8.54% | 80.49% | 29.38% | 15.11% | 10.15% | |||
| Total Net Revenue | $7,423,418 | $6,889,912 | $7,438,603 | $7,337,899 | $7,067,010 | $8,038,741 | $7,807,016 | $7,709,377 | $59,711,975 | -0.39% | $91,471,247 |
| % change | 7.17% | -2.13% | 1.96% | -6.74% | -3.33% | 7.13% | 8.61% | -12.55% |
† This value was estimated in the December 2011 Certification Revenue Estimate.
1 Includes public utility gross receipts assessment, gas, electric and water utility tax and gas utility pipeline tax.
2 Includes the cement and sulphur taxes and other occupation and gross receipt taxes not separately identified.
3 Gross sales less retailer commission and the smaller prizes paid by retailers.
Sums may not total due to rounding.