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State releases general revenue collections for June

  

State Budget Director Dan Haug announced Wednesday that net general revenue collections for June 2019 decreased 8.3 percent compared to those for June 2018, from $940.0 million last year to $862.2 million this year.

Net general revenue collections for 2019 fiscal year-to-date increased 1.0 percent compared to June 2018, from $9.47 billion last year to $9.57 billion this year.

GROSS COLLECTIONS BY TAX TYPE

 Sales and use tax collections

  • Increased 1.8 percent for the year, from $2.20 billion last year to $2.24 billion this year.
  • Decreased 12.3 percent for the month.

 Individual income tax collections

  • Decreased 1.1 percent for the year, from $7.73 billion last year to $7.65 billion this year.
  • Increased 1.4 percent for the month.

 Corporate income and corporate franchise tax collections

  • Increased 14.0 percent for the year, from $461.7 million last year to $526.6 million this year.
  • Decreased 1.7 percent for the month.

 All other collections

  • Decreased 2.8 percent for the year, from $533.2 million last year to $518.3 million this year.
  • Decreased 15.8 percent for the month.

 Refunds

  • Decreased 6.2 percent for the year, from $1.45 billion last year to $1.36 billion this year.
  • Increased 51.3 percent for the month.

 The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.