Jan 10, 2017 - 3.4%. Contractor's Excise Tax. 59,344. 63,633. 65,780. 2,147. 10.8%. 3.4%. Insurance Company Tax. 37,903.
STATE GENERAL FUND RECEIPTS FY17 - Year to Date through December (in thousands of dollars, except where noted)
FY16 YTD Actual ONGOING RECEIPTS Sales and Use Tax Lottery Contractor's Excise Tax Insurance Company Tax Unclaimed Property Licenses Permits and Fees Tobacco Taxes Trust Funds Net Transfers In Alcohol Beverage Tax Bank Franchise Tax Charges for Goods and Services Telecommunications Tax Mineral Severance Taxes Sale-Leaseback Investment Income and Interest Alcohol 2% Wholesale Tax TOTAL ONGOING RECEIPTS
454,792 51,334 59,344 37,903 63,645 12,662 30,000 21,711 11,244 3,352 6,624 5,052 2,587 2,748 4,515 5,385 777 773,674
FY17 YTD Legislature Target 520,672 50,504 63,633 39,281 60,167 14,552 28,257 23,213 10,649 2,041 1,048 3 6,777 2,456 3,126 4,139 4,820 971 836,305
FY17 YTD Actual 497,059 52,214 65,780 41,272 56,962 13,787 30,000 23,213 11,455 2,459 1,586 6,941 2,313 4,994 4,139 6,159 1,041 821,375
Difference (23,614) 1 1,711 2,147 1,991 (3,205) 2 (766) 1,743 0 806 418 538 164 (142) 1,868 0 1,340 70 (14,930)
FY17 YTD Actual % Change from: FY17 YTD FY16 YTD Legislature Target Actual 9.3% 1.7% 10.8% 8.9% -10.5% 8.9% 0.0% 6.9% 1.9% -26.6% -76.1% 37.4% -10.6% 81.7% 0.0% 14.4% 34.0% 6.2%
-4.5% 3.4% 3.4% 5.1% -5.3% -5.3% 6.2% 0.0% 7.6% 20.5% 51.3% 2.4% -5.8% 59.8% 0.0% 27.8% 7.2% -1.79%
SOURCE: BFM General Fund Revenue by Source - BAIE0102, DoR Monthly Statistical Report NOTE: Details may not add to totals due to rounding; values less than 1,000 are disregarded in calculating percentages. Transfers In excludes 1time transfers. 1 Sales and Use Tax shows a negative variance of $23.6M from FY17 YTD target, which is 4.5% lower than the target; however the FY17 YTD is 9.3% higher than FY16 YTD. 11.1% of the increase can be attributed to the half cent increase making the year over year percent change from FY16 a negative 1.8%. 2 Unclaimed Property shows a negative variance of $3.2M from FY17 YTD target due to higher than anticipated claims for unclaimed property, fewer unclaimed property receipts and excludes $7.52M in one-time unclaimed property from stock sales. 3 Bank Franchise Tax legislature target was adjusted to reflect SB53 changes in the timing of collections. A large percentage of the tax is expected to be reciepted in March 2017 (September 2017 if granted an extension).
LRC December Revenue Report 1/10/2017
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$110.0 Monthly Growth Needed for Legislature Adopted FY17 23.2%
$100.0
$90.0
Monthly Growth Needed for Governor's Revised FY17 15.42% 13.5%
$80.0
11.2% 10.1% 8.5% 9.6%
$70.0
$60.0 3.4%
FY17 Actual (Original 4% Tax Rate) FY17 Actual 0.5% (Half‐penny) FY17 Actual Growth over FY16
June
May
April
March
February
January
December
November
October
September
August
$50.0 July
Millions
Sales and Use Tax Monthly Revenue and Growth to Meet FY2017 Target
FY16 Actual (4% Tax Rate) Revenue Needed to Meet Legislature Adopted FY17
Note: Monthly Sales & Use Tax Revenue is the monthly total of sales and use tax, audits, off‐road excise, boat and mobile home tax. Source: DoR Monthly Statistical Report and BFM General Fund Revenue by Source
LRC December Revenue Report 1/9/2017
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