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REVENUES FOR 2010-11 ON TARGET

By Wisconsin School Administrators Alliance staff | September 7, 2011

From The Wheeler Report:

Preliminary reports on General Fund tax collections for FY 2010-11 show collections of $12,911,864,000, a 6.4% increase from the prior year. The total was $12,836,000 below the Legislative Fiscal Bureau’s May estimate. The difference between the actual collections and estimate is -0.10%.

Individual income and sales and use tax collections were higher than estimated by $10.6 million and $19.0 million respectively, but those totals were offset by lower than anticipated revenues in the corporate income/franchise tax ($27.1 million) and the cigarette tax ($51.2 million). Other General Fund taxes had smaller variances.

LFB Report

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