Fiscal Agencies Issue February Revenue Reports
Update: Mar 6-24, 2023
The Senate and House Fiscal Agencies reported state collections for February 2023. While the agencies found lower collections in February 2023 compared to 2022, the General Fund/General Purpose (GF/GP) revenues are above projections established at the January 2023 Consensus Revenue Estimating Conference (CREC).
According to the House Fiscal Agency, GF/GP collections for February 2023 totaled approximately $1.6 billion, which is $117 million less than February 2022. However, this total is $24.7 million above projections from January’s CREC. The School Aid Fund sits $23.3 million above January projections.
The Senate report showed GF collections were $99 million below SFA consensus revenue estimates while School Aid Fund collections were $6.2 million above consensus estimates.