| Footnotes are integral | 1 | 2 | 3 | 4 | 5 | 6 | 7 | |||||
| to this report | FY1996 | FY1997 | FY1997 | FY 1996 | FY1997 | FY 1997 | FY1997 | Net Collections | ||||
| ACTUAL | LEGISLATIVE | LEGISLATIVE | YEAR-TO- | YEAR-TO- | CURRENT | LEGISLATIVE | EXCESS | |||||
| MAJOR TAX SOURCES | NET | ESTIMATE | ESTIMATE | DATE | DATE | GROWTH | GROWTH | (DEFICIT) | ||||
| (In Millions of Dollars) | REVENUES | 2/23/96 | 2/20/97 | 7/8/97 | 2/20/97 | Year-to-date | ||||||
| Preliminary | Col 4 / Col 1 | Col 3 / Col 1 | (Million $) | |||||||||
| SALES AND USE TAXES | 1,162.52 | 1,240.90 | 1,261.30 | 1,250.82 | 7.6% | 8.5% | ($10.48) | * | ||||
| INDIVIDUAL INCOME TAX | 1,139.32 | 1,191.10 | 1,215.28 | 1,237.90 | 8.7% | 6.7% | $22.62 | ** | ||||
| CORPORATE FRANCHISE TAX | 168.43 | 175.14 | 174.02 | 183.06 | 8.7% | 3.3% | $9.04 | |||||
| BEER, CIGARETTE & TOBACCO | 37.03 | 41.00 | 38.50 | 41.97 | 13.3% | 4.0% | $3.47 | |||||
| INSURANCE PREMIUM TAXES | 40.13 | 49.00 | 42.00 | 43.50 | 8.4% | 4.7% | $1.50 | |||||
| SEVERANCE TAXES | 20.36 | 20.80 | 18.50 | 25.18 | 23.7% | -9.1% | $6.68 | *** | ||||
| GENERAL & USF FUNDS | 2,567.79 | 2,717.94 | 2,749.60 | 2,782.43 | 8.4% | 7.1% | $32.83 | |||||
| MOTOR FUEL TAX | 163.17 | 169.00 | 169.00 | 168.58 | 3.3% | 3.6% | ($0.42) | |||||
| SPECIAL FUEL TAX | 43.68 | 46.50 | 46.70 | 50.78 | 16.3% | 6.9% | $4.08 | |||||
| TRANSPORTATION FUND | 206.85 | 215.50 | 215.70 | 219.36 | 6.0% | 4.3% | $3.66 | |||||
Last Update: 8/1/97
Name: -Doug Macdonald
Email: dmacdona@email.state.ut.us