| Footnotes are integral | 1 | 2 | 3 | 4 | 5 | 6 | 7 | |||||
| to this report | FY1997 | FY1998 | FY1998 | FY1998 | FY 1997 | FY1998 | FY 1998 | FY 1998 | Net Collections | |||
| ACTUAL | EXECUTIVE | LEGISLATURE | LEGISLATURE | YEAR-TO- | YEAR-TO- | CURRENT | LEGISLATURE | EXCESS | ||||
| MAJOR TAX SOURCES | NET | ESTIMATE | ADOPTED | ADOPTED | DATE | DATE | GROWTH | ADOPTED | (DEFICIT) * | |||
| (In Millions of Dollars) | REVENUES | 2/15/97 | 2/16/98 | 7/8/98 | 2/16/98 | (Million $) | ||||||
| Col 4 / Col 1 | Col 3 / Col 1 | Col.4 - Col.3 | ||||||||||
| SALES AND USE TAXES | 1,252.13 | 1,279.03 | 1,249.90 | 1,251.77 | ** | 0.0% | -0.2% | $1.87 | ||||
| INDIVIDUAL INCOME TAX | 1,237.52 | 1,323.38 | 1,345.52 | 1,377.59 | 11.3% | 8.7% | $32.07 | |||||
| CORPORATE FRANCHISE TAX | 182.91 | 178.71 | 188.08 | 188.99 | 3.3% | 2.8% | $0.91 | |||||
| BEER, CIGARETTE & TOBACCO | 41.19 | 61.00 | 56.00 | 53.22 | t | 29.2% | 36.0% | ($2.78) | ||||
| INSURANCE PREMIUM TAXES | 43.67 | 43.00 | 42.50 | 44.57 | 2.0% | -2.7% | $2.07 | |||||
| SEVERANCE TAXES | 23.78 | 19.00 | 24.00 | 23.01 | -3.2% | 0.9% | ($0.99) | |||||
| GENERAL & USF FUNDS | 2,781.20 | 2,904.12 | 2,906.00 | 2,939.14 | 5.7% | 4.5% | $33.14 | |||||
| MOTOR FUEL TAX | 168.41 | 224.65 | 220.10 | 217.68 | t | 29.3% | 30.7% | ($2.42) | ||||
| SPECIAL FUEL TAX | 46.22 | 73.30 | 67.60 | 72.40 | t | 56.6% | 46.3% | $4.80 | ||||
| TRANSPORTATION FUND | 214.63 | 297.95 | 287.70 | 290.08 | 35.2% | 34.0% | $2.38 | |||||