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December 2012 Receipts: General & Road Funds Up

January 10th, 2013 · No Comments

It’s not amazing news but General and Road Funds were up a bit in December.

The General Fund rose 4.9% to $945.8 million, up from $901.4 million in 2011. Road fund receipts were up 6.2% for a total of $116.2 million.

Highlights:

  • Sales & Use taxes up 1.7%, up 0.1% for the year
  • Corporate taxes down 11.6%, up 4.4% for the year
  • Individual taxes up 10.1%, up 4.9% for the year
  • Property taxes up 12.1%, up 25.2% for the year
  • Cancer stick taxes were flat, down 4.2% for the year
  • Coal severance taxes fell 18.7%, down 24% for the year
  • Motor fuels taxes rose 1.8%, up 5.3% for the first half of the year
  • Vehicle use taxes grew 7.2%, up 2.6% for the year
  • License & Privilege up 33%, down 5% for the year

Click here (Warning: PDF Link) to review the entire report for yourself.

Tags: Budget · Economy · Stats · Taxes