transparency State Revenue and Spending
Updated June 2023
To promote better understanding of the state’s finances, Revenue Watch now reports revenue in two ways:
Both reports present revenue on a cash basis by month of collection, though not all revenues are actually received monthly. For example, firms remitting sales taxes may do so monthly, quarterly or annually, generally depending on their size. The franchise tax is remitted once a year, usually in May.
Some sources of revenue include:
The largest sources of state tax revenue are:
All amounts shown reflect net revenue, which is gross revenue less any discounts, allowances, adjustments or refunds allowed by law. These reports are updated monthly.