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transparencyState Revenue and Spending
Monthly State Revenue WatchAll Funds (Excluding Trust)
Fiscal 2024
Updated December 2023
Data on net state revenue collections across all funds are presented below, by month of collection and type of revenue source. The report shows state revenues (both tax and non-tax) accruing to the state’s various funds and accounts, including the the General Revenue Fund, the Available School Fund, the State Highway Fund and the Property Tax Relief Fund, among others.
Not shown are revenues held outside the State Treasury in suspense funds and trust funds, such as the Unemployment Trust Fund. The state holds assets in trust funds in a trustee capacity for individuals, private organizations or other governmental entities. Consequently, they are not available to the Legislature for appropriation. An example of trust funds are those that temporarily hold local sales taxes, collected by the Comptroller’s office along with state sales tax, prior to their allocation back to cities, counties or transit authorities.
Monthly Collections and Percent Change from Previous Year
| Tax Collections by Major Tax | September 2023 | October 2023 | November 2023 | Total | Percent change Current vs. Last Year | CRE Fiscal Year Estimate |
|---|---|---|---|---|---|---|
| Sales Taxes | 3,790,447 | 3,805,198 | 4,104,800 | 11,700,446 | 2.09% | 47,862,082 |
| Percentage Change | 2.82% | -0.28% | 3.70% | |||
| Motor Vehicle Sales and Rental Taxes | 631,258 | 605,629 | 561,463 | 1,798,349 | 4.01% | 6,962,348 |
| Percentage Change | 2.49% | 2.91% | 7.03% | |||
| Motor Fuel Taxes | 329,327 | 315,796 | 326,514 | 971,638 | 0.01% | 3,880,154 |
| Percentage Change | 0.26% | 1.36% | -1.49% | |||
| Franchise Tax | 44,433 | 33,970 | 116,458 | 194,861 | -17.63% | 6,795,400 |
| Percentage Change | -37.70% | -3.71% | -10.38% | |||
| Oil Production Tax | 543,559 | 586,122 | 575,060 | 1,704,741 | 2.31% | 6,008,777 |
| Percentage Change | -1.54% | 7.76% | 0.85% | |||
| Insurance Taxes | 52,136 | 49,494 | 33,368 | 134,998 | 1.06% | 4,221,880 |
| Percentage Change | 13.48% | 23.18% | -29.70% | |||
| Cigarette and Tobacco Taxes | 44,274 | 96,431 | 92,499 | 233,204 | -19.82% | 1,085,700 |
| Percentage Change | -56.45% | 8.31% | -7.64% | |||
| Natural Gas Production Tax | 208,116 | 192,099 | 211,068 | 611,284 | -52.94% | 2,492,999 |
| Percentage Change | -56.62% | -53.10% | -48.46% | |||
| Alcoholic Beverages Taxes | 143,895 | 153,664 | 151,916 | 449,475 | 2.24% | 1,854,100 |
| Percentage Change | 4.01% | 2.36% | 0.50% | |||
| Hotel Occupancy Tax | 58,745 | 66,740 | 74,053 | 199,538 | 2.28% | 816,688 |
| Percentage Change | 3.28% | 1.83% | 1.89% | |||
| Utility Taxes1 | 4,297 | 159,525 | 15,672 | 179,494 | 7.02% | 615,078 |
| Percentage Change | -1,926.92% | 7.68% | -20.88% | |||
| Other Taxes2 | 15,910 | 21,052 | 21,011 | 57,973 | -14.99% | 333,186 |
| Percentage Change | -5.38% | 0.47% | -30.95% | |||
| Total Tax Collections | 5,866,398 | 6,085,719 | 6,283,883 | 18,236,000 | -2.26% | 82,928,392 |
| Percentage Change | -3.73% | -2.14% | -0.98% | |||
| Revenue Source | September 2023 | October 2023 | November 2023 | Total | Percent change Current vs. Last Year | CRE Fiscal Year Estimate |
|---|---|---|---|---|---|---|
| Total Tax Collections | 5,866,398 | 6,085,719 | 6,283,883 | 18,236,000 | -2.26% | 82,928,392 |
| Percentage Change | -3.73% | -2.14% | -0.98% | |||
| Federal Income | 6,076,240 | 5,143,994 | 4,662,842 | 15,883,075 | -10.18% | 63,966,876 |
| Percentage Change | -6.96% | -8.97% | -15.25% | |||
| Licenses, Fees, Fines, and Penalties | 675,782 | 510,398 | 582,848 | 1,769,029 | 5.70% | 6,703,591 |
| Percentage Change | 2.37% | 9.79% | 6.24% | |||
| State Health Service Fees and Rebates3 | 825,544 | 993,642 | 1,696,430 | 3,515,616 | -22.98% | 10,963,232 |
| Percentage Change | -63.21% | 8.60% | 20.67% | |||
| Net Lottery Proceeds4 | 225,816 | 296,573 | 265,985 | 788,375 | -8.08% | 2,884,691 |
| Percentage Change | 8.47% | 31.50% | -37.27% | |||
| Land Income | 246,342 | 284,724 | 326,983 | 858,048 | -32.39% | 3,087,051 |
| Percentage Change | -40.46% | -38.00% | -17.47% | |||
| Interest and Investment Income | 332,981 | 349,363 | 314,725 | 997,068 | 81.33% | 3,363,703 |
| Percentage Change | 71.37% | 128.06% | 55.53% | |||
| Settlements of Claims | 4,611 | 19,731 | 12,017 | 36,360 | 266.41% | 550,818 |
| Percentage Change | 56.40% | 424.80% | 273.77% | |||
| Escheated Estates | 1,126 | -1,081 | 66,617 | 66,661 | 55.14% | 1,025,000 |
| Percentage Change | -95.24% | -114.86% | 452.62% | |||
| Sales of Goods and Services | 12,677 | 19,940 | 19,891 | 52,509 | -26.41% | 291,730 |
| Percentage Change | -26.02% | -5.84% | -39.79% | |||
| Other Revenue | 78,488 | 426,276 | 174,716 | 679,480 | 29.80% | 6,251,506 |
| Percentage Change | -38.99% | 19.67% | 352.24% | |||
| Total Net Revenue | 14,346,004 | 14,129,279 | 14,406,937 | 42,882,221 | -6.58% | 182,016,590 |
| Percentage Change | -13.15% | -2.39% | -3.38% | |||
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.