Fiscal Agencies Issue September Revenue Reports
Update: Oct 17-28, 2022
The House and Senate Fiscal Agency issued their September revenue reports, once again showing higher revenues when compared to 2021 collections.
The Senate Fiscal Agency reported that revenues from taxes with the General Fund and School Aid Fund earmarks totaled $3.8 billion, which is a 13.4 percent increase from September 2021. Tax collections for the month were reported at $476.4 million above estimated levels from the May 2022 Consensus Revenue Estimating Conference.
The House Fiscal Agency reported cash collections from major taxes, penalties, interest, and lottery transfers totaled approximately $3.8 billion for September 2022, $464.9 million more than July 2021. For fiscal-year-to-date, collections were reported 15.9 percent higher in FY 2021-22 compared to FY 2020-21.