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General & Road Funds Up 7% Each In April

May 10th, 2011 · No Comments

According to the Office of the State Budget Director, General Fund receipts were up 7.9% in April. That’s an increase of $62.1 million for a total of $844.2 million.

Road Fund receipts were up 7.6% to $116.1 million.

The highlights:

  • Sales & use taxes up 3.6% for April, up 4.3% for the year
  • Corporate taxes up 56%, up 21.6% for the year
  • Individual taxes up 8.7%, up 6.5% for the first ten months of the fiscal year
  • Property taxes down 7.5%, down 0.8% for the year
  • Cancer stick taxes down 6.5%, down 6% for the year
  • Coal severance taxes dropped 11.3%, up 8% for the fiscal year
  • Motor fuels up 10.6%
  • Vehicle use taxes up 11.8%
  • License & Privilege taxes up 2.8%

Click here (Warning: PDF Link) to review the entire release from the Budget Director.

Tags: Budget · Economy · Stats · Taxes

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