Tue. Feb 27th, 2024
Net general revenue collections were down, statewide, for the month of November compared to one year ago.
State Budget Director Dan Haug says collections for November were down 1.2 percent from $1.01-billion last year to $1.0-billion this year.
Haug also says net general revenue collections for Fiscal-2024 year-to-date were also down from $5.15-billion last year to $5.04-billion this year…or a 2.2-percent decrease.
Individual income tax collections decreased while sales and use taxes, corporate income and corporate franchise taxes and refunds all showed increases.
All other collections showed an overall increase for the year while showing a decrease for the month.
State Budget Director Dan Haug announced today that net general revenue collections for November 2023 declined 1.2 percent compared to those for November 2022, from $1.01 billion last year to $1.00 billion this year.
Net general revenue collections for 2024 fiscal year-to-date decreased 2.2 percent compared to November 2022, from $5.15 billion last year to $5.04 billion this year.
The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.