Total revenue collections for the month of November FY 2020 are $31,093,431 or 7.76% above the sine die revenue estimate. Fiscal YTD revenue collections through November are $135,495,970 or 6.34% above the sine die estimate. Fiscal YTD total revenue collections through November 2019 are $134,648,625 or 6.30% above the prior year’s collections. The FY 2020 Sine Die Revenue Estimate is $5,858,400,000.
On November 22, 2019, the Joint Legislative Budget Committee revised the FY 2020 revenue estimate upward by $137.8M. FY 2020 year-to-date actual collections are $128,805,970 above the year-to-date FY 2020 revised revenue estimate as of November 2019. The FY 2020 Revised Revenue Estimate is $5,996,200,000.
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 November 30, 2019.