| Legislative
Bulletin |
February
2, 2001 |
 |
Status
of the General Fund at mid-year
Here
is a complete line-by-line accounting of the General Fund. The
chart includes revenue for the month of December and the six
months year-to-date. The data was supplied to NCCBI by the
State Controller's Office. All figures are in millions of
dollars:
| Totals
for December and Year to Date |
Projected
Monthly
Budget |
Actual
December
Collections |
Percent
Realized |
Projected
Y-T-D
Budget |
Actual
Y-T-D
Collections |
Variance |
Percent
Realized |
Individual
Income [1] |
$689.4 |
$688.7 |
99.9% |
$3,604.3 |
$3,422.3 |
($182.0) |
| Corporate
Income [2] |
225.6 |
242.6 |
107.5% |
337.7 |
179.4 |
(158.3) |
53.1% |
| Sales
and Use |
309.9 |
283.4 |
91.4% |
1,790.3 |
1,739.6 |
(50.7) |
97.2% |
| Franchise |
(7.6) |
(15.1) |
198.7% |
162.7 |
271.6 |
108.9 |
166.9% |
| Insurance |
0.5 |
0.2 |
40.0% |
96.4 |
89.3 |
(7.1) |
92.6% |
| Beverage |
15.1 |
16.4 |
108.6% |
86.1 |
86.4 |
0.3 |
100.3% |
| Inheritance |
12.7 |
12.9 |
101.6% |
76.5 |
63.8 |
(12.7) |
83.4% |
| Privilege
License |
1.4 |
(19.5) |
(1392.9%) |
22.5 |
1.3 |
(21.2) |
5.8% |
| Tobacco
Products |
3.5 |
3.4 |
97.1% |
21.4 |
21.4 |
— |
100.0% |
| Real
Estate Conveyance |
0.1 |
0.1 |
100.0% |
8.5 |
8.5 |
— |
100.0% |
| Gift |
0.2 |
— |
— |
2.3 |
2.2 |
(0.1) |
95.7% |
| White
Goods Disposal |
0.3 |
0.3 |
100.0% |
1.0 |
1.0 |
— |
100.0% |
| Scrap
Tire Disposal |
0.9 |
0.9 |
100.0% |
3.0 |
3.0 |
— |
100.0% |
| Piped
Nat. Gas |
(4.0) |
(0.8) |
20.0% |
14.2 |
15.4 |
1.2 |
108.5% |
| Total
Tax Revenue |
$1,248.0 |
$1,213.3 |
97.2% |
$6,226.9 |
$5,905.1 |
(321.8) |
94.8% |
|
| Non-Tax
Revenue |
| Treasurer's
Investments |
17.9 |
13.1 |
73.2% |
106.6 |
94.1 |
(12.5) |
88.3% |
| Judicial
Fees |
9.4 |
7.9 |
84.0% |
55.9 |
51.8 |
(4.1) |
92.7% |
| Insurance |
5.8 |
— |
— |
18.6 |
5.8 |
(12.8) |
31.2% |
| Disproportionate
share |
— |
— |
— |
109.1 |
109.1 |
— |
100.0% |
| Highway
Fund Transfer In |
3.4 |
3.4 |
100.0% |
6.8 |
6.8 |
— |
100.0% |
| Highway
Trust Fund Transfer In |
— |
— |
— |
170.0 |
170.0 |
— |
100.0% |
| Other |
57.6 |
52.5 |
91.1% |
113.2 |
97.6 |
(15.6) |
86.2% |
| Non_Tax_Other |
57.6 |
52.4 |
|
113.2 |
97.5 |
|
|
| Total
Non-Tax Revenue |
94.1 |
76.9 |
81.7% |
580.2 |
535.2 |
(45.0) |
92.2% |
| Total
Tax and NontaxRevenue |
$1,342.1 |
$1,290.2 |
96.1% |
$6,807.1 |
$6,440.3 |
$(366.8) |
94.6% |
| |
| [1]
Individual Income Tax
collections are reported net of the following
transfer(s) : |
|
|
Current
Month |
Year-
To-Date |
Current
Month |
Year-
To-Date |
|
|
| |
| Individual
Income Tax, Reported Net |
$688.7 |
$3,422.3 |
$599.7 |
$
3,164.3 |
|
| Local
Government Tax Reimbursement |
— |
129.0 |
— |
129.0 |
|
| Individual
Income Tax, Adjusted for Transfers |
$688.7 |
$3,551.3 |
$599.7 |
$3,293.3 |
|
| |
| [2]
Corporate Income Tax
collections are reported net of the following
transfer(s) : |
|
|
|
Current
Month |
Year-
To-Date |
Current
Month |
Year-
To-Date |
|
|
| |
| Corporate
Income Tax, Reported Net |
$242.6 |
$179.4 |
$241.0 |
$411.2 |
|
| Public
School Building Capital Fund |
13.1 |
35.3 |
— |
46.0 |
|
| Critical
School Facility Needs Fund |
2.5 |
5.0 |
— |
5.0 |
|
| Local
Government Tax Reimbursement |
— |
101.5 |
— |
101.5 |
|
| Subtotal |
15.6 |
141.8 |
— |
152.5 |
|
| Corporate
Income Tax, Adjusted for Transfers |
$258.2 |
$321.2 |
$241.0 |
$563.7 |
|
|
|
|
