State Budget Director Linda Luebbering announced today that 2011 fiscal year-to-date net general revenue collections increased 3.4 percent compared to 2010, from $5.67 billion last year to $5.86 billion this year.
Net general revenue collections for April 2011 decreased by 11.0 percent compared to those for April 2010, from $986.8 million to $878.4 million.
Director Luebbering also noted the General Revenue Fund has repaid the $150 million borrowed during fiscal year 2011 from the Budget Reserve Fund, well ahead of the Constitutional deadline of May 15th.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
- Increased 2.8 percent for the year, from $4.61 billion last year to $4.74 billion this year.
- Increased 0.7 percent for the month.
Sales and use tax collections
- Increased 0.2 percent for the year from $1.46 billion last year to $1.47 billion this year.
- Decreased 5.1 percent for the month.
Corporate income and corporate franchise tax collections
- Increased 4.2 percent for the year, from $404.4 million last year to $421.5 million this year.
- Decreased 8.1 percent for the month.
All other collections
- Increased 16.9 percent for the year, from $362.3 million last year to $423.4 million this year.
- Increased 20.9 percent for the month.
Refunds
- Increased 1.5 percent for the year, from $1.17 billion last year to $1.19 billion this year.
- Increased 84.6 percent for the month.
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