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General & Road Funds Were Both Up In October

November 9th, 2012 · No Comments

The October numbers are out so let’s take a look at the highlights, straight from State Budget Director Mary Lassiter.

General Fund rose 3.7% to $725.5 million. Road fund rose 19% to $135.9 million.

The specifics:

  • Corporate taxes up $9 million
  • Individual taxes up 3.7%, up 2.3% for FY13
  • Sales & use taxes down 2.5%
  • Property taxes up 89.4%
  • Cancer stick taxes up 5.4%, down 5.7% for the FY
  • Coal severance taxes down 41.1%, down 24.8% for the year
  • Lottery divident was $1 million below FY12, apparently “on track” for FY13
  • Vehicle license taxes up 12.4%, up 2.2% for the year
  • Moter fuels taxes up 16.2%, up 6% for the year

Click here (Warning: PDF Link) to review the full report.

Tags: Budget · Economy · Stats · Taxes