State Budget Collections Increase 4.7 In November

State Budget Director Dan Haug announced Thursday net general revenue collections for November 2019 increased 4.7 percent compared to those for November 2018, from $676.5 million last year to $708.5 million this year.

Net general revenue collections 2019 fiscal year-to-date increased 6.8 percent compared to November 2018, from $3.4 billion last year to $3.7 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 3.9 percent for the year, from $2.57 billion last year to $2.67 billion this year.
  • Increased 6.6 percent for the month.

Sales and use tax collections

  • Increased 4.7 percent for the year, from $910.7 million last year to $953.1 million this year.
  • Increased 2.5 percent for the month.

Corporate income and corporate franchise tax collections

  • Increased 19.8 percent for the year, from $145.2 million last year to $174.0 million this year.
  • Decreased 61.0 percent for the month.

All other collections

  • Increased 8.8 percent for the year, from $143.6 million last year to $156.2 million this year.
  • Increased 43.3 percent for the month.

Refunds

  • Decreased 15.3 percent for the year, from $326.2 million last year to $276.4 million this year.
  • Increased 8.6 percent for the month.

The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.