State releases November 2018 General Revenue report

State Budget Director Dan Haug announced today net general revenue collections for November 2018 decreased 9.1 percent compared to those for November 2017, from $743.8 million last year to $676.5 million this year.

Net general revenue collections for 2018 fiscal year-to-date decreased 4.9 percent compared to November 2017, from $3.62 billion last year to $3.44 billion this year.

Gross collections by tax type

Individual income tax collections

Decreased 4.3 percent for the year, from $2.69 billion last year to $2.57 billion this year.

Decreased 7.1 percent for the month.

Sales and use tax collections

Increased 2.5 percent for the year, from $888.3 million last year to $910.7 million this year.

Decreased 5.0 percent for the month.

Corporate income and corporate franchise tax collections

Increased 5.3 percent for the year, from $137.8 million last year to $145.2 million this year.

Increased 53.0 percent for the month.

All other collections

Decreased 14.3 percent for the year, from $167.5 million last year to $143.6 million this year.

Decreased 60.4 percent for the month.

Refunds

Increased 26.5 percent for the year, from $257.9 million last year to $326.2 million this year.

Decreased 1.4 percent for the month.

The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.