Total revenue collections for the month of October FY 2020 are $27,388,741 or 5.18% above the sine die revenue estimate. Fiscal YTD revenue collections through October are $104,402,539 or 6.02% above the sine die estimate. Fiscal YTD total revenue collections through October 2019 are $122,636,113 or 7.14% above the prior year’s collections.
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 October 31, 2019.
October FY 2020 General Fund collections were $71,572,407 or 14.78% above October FY 2019 actual collections. Sales tax collections for the month of October were above the prior year by $8.8M. Individual income tax collections for the month of October were above the prior year by $13.7M. Corporate income tax collections for the month of October were above the prior year by $5.7M.