Total revenue collections for the month of July FY 2020 and Fiscal YTD 2020 through July are $27,085,255 or 8.88% above the sine die revenue estimate. Fiscal YTD total revenue collections through July 2019 are $16,196,730 or 5.13% above the prior year’s collections.
As of July 31, 2019, total revenue collections for the Fiscal Year 2019 are $5,967,588,291, $311.5M above the Sine Die Revenue Estimate of $5,656,100,000 and $186.2M above the Revised Revenue Estimate of $5,781,400,000. An additional $609,753 in revenue was collected in July for FY 2019.
During the FY 2019 close-out period of July and August 2019, additional revenues may be recorded, and subsequent adjustments could be necessary.
The graph above compares the actual revenue collections to the sine die revenue estimate for each of the main tax revenue sources. The figures reflect the amount the actual collections for Sales, Individual, Corporate, Use and Gaming taxes were above or below the estimate for the month and fiscal year-to-date. The graph also compares fiscal year-to- date actual collections to prior year actual collections, as of July 31, 2019.