State Releases January 2017 General Revenue Report

According to an official press release, Acting State Budget Director Dan Haug announced today that 2017 fiscal year-to-date net general revenue collections increased 3 percent compared to 2016, from $4.96 billion last year to $5.11 billion this year.

Net general revenue collections for January 2017 increased by 7.1 percent compared to those for January 2016, from $791.6 million to $848.1 million.

Individual income tax collections

Increased 3.6 percent for the year, from $3.72 billion last year to $3.85 billion this year.

Increased 3.9 percent for the month.

Sales and use tax collections

Increased 3.3 percent for the year, from $1.20 billion last year to $1.24 billion this year.

Increased 16.2 percent for the month.

Corporate income and corporate franchise tax collections

Decreased 28.9 percent for the year, from $271.5 million last year to $193.1 million this year.

Decreased 50.5 percent for the month.

All other collections

Increased 19.2 percent for the year, from $204.0 million last year to $243.2 million this year.

Increased 41.8 percent for the month.

Refunds

Decreased 3.1 percent for the year, from $439.2 million last year to $425.4 million this year.

Decreased 9.3 percent for the month.