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transparencyState Revenue and Spending
Monthly State Revenue WatchGeneral Revenue-Related Funds
Fiscal 2024
Updated April 2024
Data on net state revenue collections deposited to general revenue-related funds are displayed in the report below, both by month of collection and type of revenue source. General revenue-related funds affect the discretionary spending detailed in the General Appropriation Act, and consist of the General Revenue Fund, Available School Fund, State Technology Instructional Materials Fund, Foundation School General Revenue Dedicated Account and General Revenue Dedicated Account related to the Tobacco Settlement.
Monthly Collections and Percent Change from Previous Year
| Tax Collections by Major Tax | September 2023 | October 2023 | November 2023 | December 2023 | January 2024 | February 2024 | March 2024 | Total | Percent change Current vs. Last Year | CRE Fiscal Year Estimate |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales Taxes | 3,769,500 | 3,628,759 | 3,926,977 | 3,880,469 | 3,844,964 | 3,505,896 | 3,602,410 | 26,158,975 | 1.04% | 43,347,966 |
| Percentage Change | 2.82% | -1.45% | 2.71% | 2.16% | -3.12% | -0.71% | 5.35% | |||
| Motor Vehicle Sales and Rental Taxes | 631,258 | 602,321 | 558,329 | 518,913 | 615,415 | 583,176 | 397,809 | 3,907,220 | 2.36% | 6,253,061 |
| Percentage Change | 2.49% | 2.91% | 7.05% | -7.93% | 9.28% | 8.21% | -7.24% | |||
| Motor Fuel Taxes | 87,984 | 81,636 | 94,925 | 77,902 | 74,789 | 76,693 | 80,937 | 574,865 | 2.00% | 1,045,058 |
| Percentage Change | -5.86% | 4.85% | -7.78% | 5.50% | -4.73% | 7.67% | 23.06% | |||
| Franchise Tax | 44,433 | 33,970 | 116,458 | -65,903 | -273,783 | 23,048 | 225,565 | 103,788 | -67.14% | 4,969,900 |
| Percentage Change | -37.70% | -3.71% | -10.38% | -18.02% | 628.04% | -174.39% | -1.17% | |||
| Oil Production Tax | 543,559 | 586,122 | 575,060 | 501,125 | 499,917 | 458,118 | 473,060 | 3,636,960 | 1.37% | 6,008,777 |
| Percentage Change | -1.54% | 7.76% | 0.85% | -2.93% | 2.81% | -6.88% | 10.72% | |||
| Insurance Taxes | 52,086 | 49,526 | 32,827 | 83,220 | 58,203 | 1,613,160 | 540,713 | 2,429,734 | 0.84% | 4,220,951 |
| Percentage Change | 14.01% | 23.45% | -30.83% | 514.08% | 10.36% | 5.10% | -19.90% | |||
| Cigarette and Tobacco Taxes | 44,274 | 78,643 | 37,514 | 53,772 | 34,398 | 29,413 | 52,429 | 330,444 | -4.52% | 481,429 |
| Percentage Change | -56.45% | 145.76% | -24.75% | 53.59% | -33.09% | -2.65% | 14.08% | |||
| Natural Gas Production Tax | 208,116 | 192,099 | 211,068 | 171,253 | 188,428 | 186,042 | 211,524 | 1,368,530 | -46.61% | 2,492,999 |
| Percentage Change | -56.62% | -53.10% | -48.46% | -53.87% | -41.43% | -38.97% | -20.69% | |||
| Alcoholic Beverages Taxes | 143,895 | 153,664 | 151,916 | 136,361 | 153,578 | 128,436 | 140,088 | 1,007,938 | 0.86% | 1,854,100 |
| Percentage Change | 4.01% | 2.36% | 0.50% | -0.13% | -1.35% | -1.19% | 1.82% | |||
| Hotel Occupancy Tax | 58,745 | 66,740 | 74,053 | 41,256 | 24,933 | 58,169 | 63,544 | 387,439 | -5.65% | 816,688 |
| Percentage Change | 3.28% | 1.83% | 1.89% | -28.75% | -54.39% | 37.58% | 4.73% | |||
| Utility Taxes1 | 4,297 | 159,525 | 15,672 | 834 | 124,811 | 9,112 | 3,896 | 318,147 | 5.76% | 615,078 |
| Percentage Change | -1,926.92% | 7.68% | -20.88% | 5.17% | 2.70% | -5.90% | 254.56% | |||
| Other Taxes2 | 15,596 | 12,938 | 16,162 | 17,509 | 14,479 | 14,086 | 17,398 | 108,168 | -13.50% | 203,734 |
| Percentage Change | -4.72% | -18.04% | -18.05% | -10.62% | -15.76% | -25.70% | -0.25% | |||
| Total Tax Collections | 5,603,742 | 5,645,943 | 5,810,961 | 5,416,711 | 5,360,131 | 6,685,349 | 5,809,371 | 40,332,209 | -2.41% | 72,309,741 |
| Percentage Change | -4.00% | -2.41% | -1.81% | -1.63% | -8.13% | 0.19% | 0.61% | |||
| Revenue Source | September 2023 | October 2023 | November 2023 | December 2023 | January 2024 | February 2024 | March 2024 | Total | Percent change Current vs. Last Year | CRE Fiscal Year Estimate |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Tax Collections | 5,603,742 | 5,645,943 | 5,810,961 | 5,416,711 | 5,360,131 | 6,685,349 | 5,809,371 | 40,332,209 | -2.41% | 72,309,741 |
| Percentage Change | -4.00% | -2.41% | -1.81% | -1.63% | -8.13% | 0.19% | 0.61% | |||
| Licenses, Fees, Fines, and Penalties | 102,464 | 118,092 | 151,316 | 114,407 | 124,156 | 254,235 | 122,049 | 986,718 | 6.93% | 1,574,733 |
| Percentage Change | 2.38% | 6.32% | 4.61% | -9.28% | 5.18% | 38.81% | -12.63% | |||
| State Health Service Fees and Rebates3 | 26,504 | 228,435 | 27,784 | 25,926 | 169,241 | 24,134 | 23,516 | 525,539 | -48.38% | 1,760,188 |
| Percentage Change | -95.08% | 10.15% | 136.68% | -55.96% | 17.71% | 2.43% | -29.92% | |||
| Net Lottery Proceeds4 | 63,063 | 134,813 | 151,388 | 127,320 | 143,066 | 126,463 | 129,205 | 875,319 | -15.29% | 1,935,084 |
| Percentage Change | -33.10% | 9.93% | -0.51% | -25.97% | -0.94% | -27.32% | -25.67% | |||
| Land Income | 289 | 900 | 407 | 399 | 817 | 263 | 973 | 4,047 | -12.97% | 6,683 |
| Percentage Change | -53.96% | 63.65% | -75.55% | -46.51% | 241.86% | -43.38% | 170.03% | |||
| Interest and Investment Income | 346,260 | 297,699 | 431,511 | 278,133 | 260,920 | 379,939 | 280,077 | 2,274,539 | 27.00% | 2,819,059 |
| Percentage Change | 71.39% | 42.95% | 28.52% | 32.00% | 16.91% | 5.27% | 12.00% | |||
| Settlements of Claims | 1,056 | 16,428 | 361 | 403,563 | 510 | 1,395 | 606 | 423,920 | -4.12% | 513,767 |
| Percentage Change | 412.22% | 1,701.97% | -66.61% | -6.55% | -90.75% | 160.49% | -70.41% | |||
| Escheated Estates | 1,126 | -1,081 | 66,617 | 37,955 | 12,750 | 3,630 | 14,026 | 135,023 | 30.16% | 1,025,000 |
| Percentage Change | -95.24% | -114.86% | 452.62% | 160.79% | 37.82% | -81.64% | -18.42% | |||
| Sales of Goods and Services | 6,078 | 11,904 | 12,993 | 9,895 | 5,430 | 16,344 | 14,377 | 77,020 | -3.40% | 133,205 |
| Percentage Change | -38.41% | 8.63% | -3.58% | -1.83% | -50.97% | 48.93% | 8.11% | |||
| Other Revenue | 70,354 | 40,204 | 79,044 | 30,173 | 142,058 | 23,120 | 43,244 | 428,196 | 24.94% | 454,595 |
| Percentage Change | 7.36% | -0.80% | 571.21% | -72.33% | 143.30% | 36.47% | 6.77% | |||
| Total Net Revenue | 6,220,936 | 6,493,336 | 6,732,382 | 6,444,482 | 6,219,079 | 7,514,872 | 6,437,443 | 46,062,530 | -2.13% | 82,532,055 |
| Percentage Change | -9.48% | -0.03% | 1.96% | -2.95% | -5.02% | 0.69% | -0.11% | |||
Note: Amounts of Monthly Collections are in thousands $. Sums may not total due to rounding.
1 Includes public utility gross receipts assessment, gas, electric and water utility tax and gas utility pipeline tax.
2 Includes taxes not separately identified.
3 Includes various health-related service fees and rebates that were previously in “license, fees, fines and penalties” or in other non-tax revenue categories.
4 Gross sales less retailer commission and the smaller prizes paid by retailers.