State Releases April 2023 General Revenue Report

State Budget Director Dan Haug announced today that net general revenue collections for April 2023 declined (14.2) percent compared to those for April 2022, from $1.34 billion last year to $1.15 billion this year.

Net general revenue collections for 2023 fiscal year-to-date increased 8.2 percent compared to April 2022, from $9.63 billion last year to $10.42 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

- Increased 7.8 percent for the year, from $7.39 billion last year to $7.96 billion this year.

- Decreased 10.2 percent for the month.

Sales and use tax collections

- Increased 6.8 percent for the year, from $2.27 billion last year to $2.42 billion this year.

- Decreased 3.4 percent for the month. 

Corporate income and corporate franchise tax collections

- Increased 19.0 percent for the year, from $668.1 million last year to $795.2 million this year.

- Increased 7.2 percent for the month.

All other collections

- Increased 37.8 percent for the year, from $460.5 million last year to $634.6 million this year.

- Increased 19.4 percent for the month.

Refunds

- Increased 20.8 percent for the year, from $1.16 billion last year to $1.40 billion this year.

- Increased 34.0 percent for the month.

The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.