Insider Intelligence

This week the House and Senate Fiscal Agencies released their monthly revenue reports for March 2017.  Collections for the month were $1,193.2 million, which is $161.6 million less than March 2016 and $165.8 million below the projected amount.  However, fiscal year-to-date collections are 2.2% higher than the prior fiscal year. General Fund revenue for the […]

This week, the nonpartisan House Fiscal Agency released their monthly revenue report for February 2017.  Collections from major taxes, penalties and interest, and lottery transfers was $901.9 million for the month, $180.8 million less than the prior year.  However, year-to-date collections are 5% higher than the prior fiscal year.  General Fund/General Purpose tax revenue for […]

The non-partisan Senate Fiscal Agency has released revenue numbers for January 2017.  Revenues for the month totaled $2.4 billion, an increase of 4.4% from the January 2016 level.  Tax collections for the month were $21.4 million more than projected; General Fund earmarked collections accounted for $100,000, School Aid Fun collections were $15.9 million more, and […]

According to numbers released this week by the Senate Fiscal Agency, December 2016’s net revenue totaled $2.1 billion, an increase of 13.3% from the prior year.  Revenue for the month was $134.1 million above the 2016 May consensus revenue estimates.  The agency credits higher than estimated sales tax collections, individual income tax payments, and Corporate […]

This week, the nonpartisan House Fiscal Agency released their October 2016 monthly revenue report.  Revenues for the month totaled $2,854.9 million, $96.7 million higher than the prior year.  General Fund revenue was $967.4 million, $31.5 million higher than projections while the School Aid Fund revenue came in $10.9 million below estimates at $1,784.4 million. Highlights […]

This week, the House Fiscal Agency released their monthly revenue report for September 2016.  Total collections for the month totaled $2,436.2 million, $2.6 million lower than the prior year.  Income tax revenue for the month totaled $968.2 million and new business taxes totaled $54.3 million.  Collections from the sales tax, use tax, beer and wine […]

This week, the House and Senate Fiscal Agencies released their monthly revenue reports for August 2016. Revenue collections for the month increased 5.9% from the prior year, totaling $1.9 billion.  General Fund earmarked collections were $748.6 million and School Aid Fund earmarked dollars totaled $1,059.1 million.  Both amounts came in above prior estimates.  Additional highlights […]

This week, the Senate Fiscal Agency released state revenue numbers for July 2016.  Last month’s revenue to the General Fund and School Aid Fund was nearly $2 billion, an increase of 0.9% from the prior year.  Additionally, last month’s collections were $85 million more than estimated in May.  While revenue from the individual income tax […]