Review of General Fund Revenues and the Virginia Economy for...
Transcript of Review of General Fund Revenues and the Virginia Economy for...
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Review of General Fund Revenues and theVirginia Economy for Fiscal Year 2020
Interim Economic Outlook and Revenue Forecast for Fiscal Years 2021 and 2022
A presentation to the House Appropriations, House Finance and Senate Finance and Appropriations Committees
August 18, 2020
Aubrey L. Layne, Jr., MBA, CPASecretary of Finance
Commonwealth of Virginiawww.finance.virginia.gov
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Overview
Fiscal Year 2020 Year-in-Review Economic Performance
Certified General Fund Collections
Certified Commonwealth Transportation Fund Collections
Financial Results Balance Sheet
Updated Outlook for Fiscal Years 2021 and 2022 June 2020 Economic Outlook
August 2020 Interim Revenue Forecast
Revenue Stabilization and Revenue Reserve Fund Balances
Looking Forward National and State Economic Indicators
July 2020 General Fund Collections
Fall Forecasting Process
Known Funding Commitments / Risks
CARES Funding Update
Base Budget
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In FY 2020, Both the U.S. and Virginia Economies Were Growing On Par With the Official Forecast Through
February; However, Employment Started to Decline in March as the COVID-19 Pandemic Arrived
Summary of Key U.S. and Virginia Economic IndicatorsPercent Change Over the Prior Fiscal Year
FY19 Actual
FY20 Forecast
FY20 Actual
U.S.
Real GDP 2.6 1.9 -2.1Consumer Spending 2.8 2.8 -2.5Employment 1.5 1.2 -2.0Personal Income 5.0 4.5 3.9Wages & Salaries 4.8 5.2 0.9
Virginia
Employment 1.2 1.0 -1.7 Professional/Business 1.7 2.3 -0.5 Construction/Mining 1.9 -0.1 -1.7 Education/Health 3.0 2.7 1.0 Government 0.7 0.2 -0.8Personal Income 4.8 4.4 3.7Wages & Salaries 4.3 4.2 0.9
U.S. econ
FY19 ActualFY20 ForecastFY20 ActualFY13 Forecast
U.S.
Real GDP2.61.9-2.12.7
Consumer Spending2.82.8-2.52.3
Employment1.51.2-2.01.6
Personal Income5.04.53.93.5
Wages & Salaries4.85.20.94.1
Virginia
Employment1.21.0-1.72.0
Professional/Business1.72.3-0.54.4
Construction/Mining1.9-0.1-1.74.7
Education/Health3.02.71.0
Government0.70.2-0.8
Personal Income4.84.43.73.6
Wages & Salaries4.34.20.94.7
GF rev $ -UPDATED
As a % of Total Revenues
VarianceAnnual
Major SourceForecastActualDollarsPercentGrowthFY11 fcFY11FY10
Withholding65.1%$9,574.8$9,635.1$60.30.6%5.0%Withholding9,574.89,635.0589,176.1514%
Nonwithholding14.12,068.42,178.6110.25.314.3Nonwithholding2,068.42,178.6201,906.7578.5%
Refunds12.9(1,897.0)(1,869.3)27.7(1.5)(6.3)Refunds-1,897.0-1,869.308-1,994.656
Net Individual66.29,746.29,944.4198.22.09.4 Net Individual9,746.2009,944.3709,088.252
Sales20.22,968.93,012.443.51.5(2.3)Sales2,968.93,012.3793,082.532
Corporate5.2766.6822.355.77.32.0Corporate766.6822.259806.473
Wills (Recordation)1.9274.0291.517.56.40.4Wills274.0291.457290.189
Insurance1.9277.7281.63.91.47.5Insurance277.7281.563261.881FY11 fcFY11FY10$ var% var% change
All Other Revenue4.7685.1688.23.10.4(0.3)All Other Revenue685.1688.172690.150Interest74.80081.12294.3186.38.5%-14.0%
ABC177.220178.937175.0941.71.0%2.2%
Total Revenues100.0%$14,718.5$15,040.2$321.72.2%5.8%Total Revenues14,718.52015,040.20014,219.477All Other433.100428.113420.738-5.0-1.2%1.8%
685.120688.172690.150
ABC Profits0.346.250.54.39.31.1ABC Profits46.20050.50349.962
Sales Tax (0.25%)217.3204.0(13.3)(6.1)(2.6)Sales Tax (0.25%)217.300204.026209.426710258.10054.008-4.1
Transfers1.1159.6157.6(2.0)(1.3)(48.8)Transfers159.600157.600307.802Remainder16.70040.31023.6
74.80094.318
Total Transfers2.9%$423.1$412.1$(11.0)(2.6)%(27.3)%Total Transfers423.100412.129567.190
Total General Fund102.9%$15,141.6$15,452.3$310.72.1%4.5%Total General Fund15,141.62015,452.32914,786.667
AST185.030192.100223.845
Sales x AST2,783.8702,820.279
-9.7%-8.5%
Total x AST14,533.49014,848.100
2.2%4.4%
With + Sales12,543.712,647.412,258.7103.70.8%
2.3%3.2%
Nonwith, Corp, Rec3,109.03,292.33,003.4183.3
3.5%9.6%
refunds table
Individual Refunds
FY10 Forecast and Actual
ForecastActual$ variance% variance
Base1,761.51,756.8-4.7-0.3%
Land Preservation150.0123.4-26.6-17.8%
Low Income95.0114.519.520.5%
Total2,006.51,994.7-11.8-0.6%
lpc_fy06_10sum
The SAS System
MONTHFY06_CountFY06_AmountFY07_CountFY07_AmountFY08_CountFY08_AmountFY09_CountFY09_AmountFY10_CountFY10_Amount
JUL85$1,766,759303$6,303,613213$4,315,367315$7,284,267377$7,707,778
AUG1$16,923257$5,936,308266$7,608,100292$6,151,611322$6,862,848
SEP5$64,868256$6,444,374315$10,141,573262$6,866,736364$7,491,854
OCT27$740,394425$10,012,471811$19,496,820496$13,118,112531$11,596,192
NOV48$1,117,993394$10,103,470516$15,825,756501$13,827,394424$9,886,120
DEC300$7,321,064276$9,519,395180$6,398,676246$6,893,929289$7,018,699
JAN81$1,567,904132$3,526,578121$4,315,951169$9,623,371208$6,182,671
FEB116$2,606,970150$4,484,998172$3,318,813186$6,534,314256$4,340,210
MAR384$7,421,244451$7,778,517523$7,630,327487$7,570,310835$10,276,064
APR667$10,582,9041,608$30,423,4621,643$25,912,1111,250$22,538,5062,003$31,660,865
MAY936$18,221,4821,042$21,601,2811,353$26,048,352718$14,219,872679$10,937,750
JUN652$13,587,083510$12,249,532466$9,781,489537$10,097,070557$9,398,060
TOT3,302$65,015,5895,804$128,383,9986,579$140,793,3375,459$124,725,4926,845$123,359,110
lic_fy06_10sum
The SAS System
MONTHFY06_CountFY06_AmountFY07_CountFY07_AmountFY08_CountFY08_AmountFY09_CountFY09_AmountFY10_CountFY10_Amount
JUL1,265$171,2701,729$336,7792,878$612,4763,593$800,1006,022$1,484,200
AUG108$14,3601,774$336,4042,627$546,7293,570$758,6635,008$1,205,032
SEP684$89,2461,296$218,8461,899$399,6382,724$639,1435,983$1,546,862
OCT1,301$181,6021,495$257,7002,985$581,7342,525$526,1413,423$897,466
NOV1,044$149,2071,681$313,3111,273$277,0541,534$320,3502,078$551,216
DEC1,620$204,8081,005$180,2761,091$265,5931,800$377,4551,654$426,214
JAN15,345$2,735,31884,557$23,745,40992,742$27,804,99884,546$29,644,56187,760$33,531,066
FEB65,821$10,579,711147,422$36,283,018165,918$42,246,298114,405$35,748,427128,660$43,563,457
MAR27,849$4,047,89463,585$13,096,99258,302$12,476,80737,554$10,259,42353,606$16,152,519
APR21,846$2,965,41641,597$7,635,02448,465$9,318,51629,451$7,570,16431,976$8,774,669
MAY8,518$1,298,76616,209$2,926,42018,737$3,602,1329,403$2,361,76511,004$3,058,454
JUN4,832$805,8246,699$1,249,4609,179$1,828,2419,138$2,216,51711,934$3,299,748
TOT150,233$23,243,422369,049$86,579,638406,096$99,960,216300,243$91,222,709349,108$114,490,904
Sheet1
JulAugSepOctNovDecJanFebMarAprMayJun
Monthly-16.3%5.3%4.1%3.7%9.3%2.0%12.6%16.7%12.4%1.5%17.9%5.6%
Monthly x Amnesty7.5%
Year-to-Date(16.3)(5.7)-1.7%-0.4%1.3%1.5%3.2%4.1%4.9%4.5%5.8%5.8%
YTD x AST0.4%3.3%3.6%3.6%4.7%4.1%5.4%6.2%6.7%6.1%7.3%7.4%
Sheet2
Growth in Total General Fund Revenue Collections
FY11 Monthly and Year-to-Date
MonthlyJulAugSepOctNovDecJanFebMarAprMayJun-0.163000000000000015.2999999999999999E-24.1000000000000002E-23.6999999999999998E-29.2999999999999999E-20.020.1260.167000000000000010.1241.4999999999999999E-20.178999999999999995.6000000000000001E-2Monthly x AmnestyJulAugSepOctNovDecJanFebMarAprMayJun7.4999999999999997E-2Year-to-Date
JulAugSepOctNovDecJanFebMarAprMayJun-16.284034450410946-5.7221017517885997-1.7000000000000001E-2-4.0000000000000001E-31.2999999999999999E-21.4999999999999999E-23.2000000000000001E-24.1000000000000002E-24.9000000000000002E-24.4999999999999998E-25.8000000000000003E-25.8000000000000003E-2YTD x AST
JulAugSepOctNovDecJanFebMarAprMayJun4.0000000000000001E-33.3000000000000002E-23.5999999999999997E-23.5999999999999997E-24.7E-24.1000000000000002E-25.3999999999999999E-26.2E-26.7000000000000004E-26.0999999999999999E-27.2999999999999995E-27.3999999999999996E-2
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Including Transfers, FY 2020 General Fund ResourcesGrew 2.2 Percent and Finished $232.0 Million
(1.0 Percent) Below Forecast
• Payroll withholding and sales tax collections slowed in the final quarter of fiscal year 2020.
Summary of Fiscal Year 2020 Revenue Collections(millions of dollars)
As a % of TotalMajor Sources General Fund Official ChangeWithholding 59.6% $13,591.9 $13,378.1 ($213.8) 4.7 % 3.00 0Nonwithholding 17.0 3,804.1 3,804.5 0.4 (4.3) (4.3)0 0Refunds (8.2) (1,976.6) (1,830.9) 145.7 13.7 5.30 0
Net Individual 68.4% $15,419.4 $15,351.6 ($67.8) 1.3 % 0.8 %
Sales 16.5% $3,844.5 $3,706.8 ($137.7) 7.4 % 3.5 %0 0Corporate 4.5 1,031.5 1,011.7 (19.9) 9.3 7.20 0Wills (Recordation) 2.2 468.6 483.5 14.9 21.3 25.10 0Insurance 1.6 394.1 360.6 (33.5) 3.2 (5.6)0.0All Other Revenue 3.7 813.9 823.6 9.7 3.2 14.6
Total Revenue 96.9% $21,972.0 $21,737.8 ($234.2) 3.1 % 2.0 %
A.B.C. Profits 0.6 $124.8 $137.5 $12.7 (4.5) % 5.2 %8 06 0Sales Tax (0.375%) 1.8 421.6 406.0 (15.6) 7.4 3.40 0Transfers 0.7 155.3 160.4 5.1 15.3 19.1
Total Transfers 3.1% $701.7 $703.9 $2.2 6.6 % 7.0 %
TOTAL GENERAL FUND 100.0% $22,673.7 $22,441.7 ($232.0) 3.2 % 2.2 %
% Growth Over FY19Official ActualActual
presentation
*** Governor's Confidential Working Papers ****** Governor's Confidential Working Papers ****** Governor's Confidential Working Papers ****** Governor's Confidential Working Papers ***
Table 3.3Table 3.3
The December and Official General Fund Forecast for Fiscal Year 2018The March and April General Fund Forecast for Fiscal Year 2020The Official and Interim General Fund Forecast for Fiscal Year 2021The Official and Interim General Fund Forecast for Fiscal Year 2022The March General Fund Forecast for Fiscal Years 2021-2022The December General Fund Forecast for Fiscal Years 2017-2020The December General Fund Forecast for Fiscal Years 2017-2020
(Dollars in Millions)(Dollars in Millions)6/7/18(Dollars in Millions)8/18/20(Dollars in Millions)8/18/20(Dollars in Millions)August 18, 2020(Dollars in Millions)August 18, 2020(Dollars in Millions)August 18, 2020(Dollars in Millions)August 18, 2020
Fiscal Year 2018Fiscal Year 2019Fiscal Year 2019Fiscal Year 2020Fiscal Year 2021Fiscal Year 20222020-2022 BienniumFiscal Year 2021Fiscal Year 20222020-2022 BienniumFY 23FY 24FY 25FY 26
IgnoreAs a % of Total General Fund% Growth Over FY 18As a % of Total% Growth Over FY19% Growth Over FY21As a % of Total% Growth Over FY21March% Growth Over FY 20March% Growth Over FY 21March% Growth Over 18-20Fiscal YearFiscal YearFiscal YearFiscal Year% Growth% Growth% Growth% Growth
Major SourcesActual% GrowthOfficialActualChangeOfficialActualMajor SourcesActualGeneral Fund% GrowthOfficialActualChangeOfficialActualOfficialInterimChangeOfficialInterimRevenuesOfficialInterimChangeOfficialInterimOfficialInterimChangeForecastForecastForecast2023202420252026Over FY 22Over FY 23Over FY 24Over FY 25
0.00.00.0
Withholding$12,540.5ERROR:#DIV/0!61.1%$13,591.9$12,987.8($604.1)8.4%3.6%Withholding$12,987.859.6%3.6%25,528.359.9%$13,591.9$13,378.1($213.8)4.7%3.0Withholding$14,118.0$13,704.2($413.8)3.9%2.4%Withholding62.9%$14,676.4$14,341.0($335.4)4.0%4.6%$28,794.4$28,045.2($749.2)Withholding$14,118.0(1.6)%$14,676.44.0%$28,794.42.7%Withholding15,273.615,903.316,569.317,266.8Withholding4.14.14.24.2
0.00.00.00.0
Nonwithholding3,472.9ERROR:#DIV/0!16.93,804.13,976.8172.79.514.5Nonwithholding3,976.817.014.57,449.717.0ERROR:#DIV/0!3,804.13,804.50.4(4.3)(4.3)Nonwithholding4,101.03,668.9(432.1)7.8(3.6)Nonwithholding16.64,306.53,784.9(521.6)5.03.28,407.57,453.8(953.7)Nonwithholding4,101.08.44,306.55.08,407.512.8Nonwithholding4,590.64,848.45,255.05,318.5Nonwithholding6.65.68.41.2
0.00.00.00.00.0
Refunds(1,907.6)13.8(9.3)(1,976.6)(1,738.2)238.43.6(8.9)Refunds(1,738.2)(8.2)(8.9)(3,645.8)(8.2)4.9(1,976.6)(1,830.9)145.713.75.3Refunds(2,059.9)(1,924.9)135.04.25.1Refunds(9.0)(2,137.4)(2,062.4)75.03.87.1(4,197.3)(3,987.3)210.0Refunds(2,059.9)(0.1)(2,137.4)3.8(4,197.3)5.3Refunds(2,221.1)(2,310.0)(2,405.2)(2,482.7)Refunds3.94.04.13.2
0.00.00.00.00.0%0.0
Net Individual14,105.859.568.8%$15,419.4$15,226.5($192.9)9.3%7.9%Net Individual$15,226.568.4%7.9%29,332.20.767.4$15,419.4$15,351.6($67.8)1.3%0.8%Net Individual$16,159.1$15,448.2($710.9)4.80.6Net Individual70.5%$16,845.5$16,063.5($782.0)4.24.0$33,004.6$31,511.7($1,492.9)Net Individual$16,159.10.6$16,845.54.2$33,004.64.7Net17,643.118,441.719,419.120,102.6Net4.74.55.33.5
0.00.00.0
Sales3,461.838.916.9%$3,844.5$3,580.4($264.1)11.1%3.4%Sales$3,580.416.5%3.4%7,042.10.242.4$3,844.5$3,706.8($137.7)7.4%3.5%Sales$3,893.0$3,346.5($546.5)1.3(9.7)Sales15.1%$3,955.6$3,438.7($516.9)1.62.8$7,848.6$6,785.2($1,063.4)State Sales & Use Tax$3,893.013.2$3,955.61.6$7,848.615.7State Sales & Use Tax4,024.94,098.64,174.44,252.9State Sales & Use Tax1.81.81.81.9
0.00.00.00.00.0%
Corporate$861.921.6%4.21,031.5943.4(88.1)19.79.5Corporate943.44.59.51,805.34.531.11,031.51,011.7(19.9)9.37.2Corporate1,019.21,041.722.5(1.2)3.0Corporate5.01,132.61,143.010.411.19.72,151.82,184.732.9Corporate Income1,019.2(10.8)1,132.611.12,151.8(1.5)Corporate Income$1,230.5$1,267.4$1,298.4$1,355.4Corporate Income8.6%3.0%2.4%4.4%
0.00.00.00.00.0
Wills (Recordation)394.969.31.9468.6386.5(82.1)18.7(2.1)Wills (Recordation)386.52.2(2.1)781.42.267.1468.6483.514.921.325.1Wills (Recordation)388.1422.434.3(17.2)(12.6)Wills (Recordation)1.7357.0393.036.0(8.0)(7.0)745.1815.470.3Wills (Recordation)388.1(1.2)357.0(8.0)745.1(8.6)Wills, Suits, Deeds, & Contract Fees357.0357.0357.0357.0Wills, Suits, Deeds, & Contract Fees0.00.00.00.0
0.00.00.00.00.00.0
Insurance337.975.21.6394.1382.0(12.1)16.613.0Insurance382.01.613.0720.01.688.2394.1360.6(33.5)3.2(5.6)Insurance420.1337.4(82.7)6.6(6.4)Insurance1.6437.1359.5(77.6)4.06.6857.2696.9(160.3)Insurance420.116.8437.14.0857.223.0Insurance Company Premiums454.5472.6491.6511.3Insurance Company Premiums4.04.04.04.0
0.00.00.00.00.00.0
All Other Revenue$718.5(4.0)%3.5813.9788.8(25.1)13.39.8All Other Revenue$718.53.79.81,437.03.75.8813.9823.69.73.214.6All Other Revenue808.3756.9(51.4)(0.7)(8.1)All Other Revenue3.5810.5787.8(22.7)0.34.11,618.81,544.7(74.1)All Other Revenue808.32.6810.50.31,618.84.8Total Misc. Taxes and Other Revenues$807.1$807.1$807.1$807.1Total Misc. Taxes and Other Revenues(0.4)%0.0%0.0%0.0%
0.00.00.0
MISCELLANEOUS TAXES AND OTHER REVENUESMISCELLANEOUS TAXES AND OTHER REVENUES0.00.00.00.0MISCELLANEOUS TAXES AND OTHER REVENUESMISCELLANEOUS TAXES AND OTHER REVENUES0.0%MISCELLANEOUS TAXES AND OTHER REVENUESMISCELLANEOUS TAXES AND OTHER REVENUESMISCELLANEOUS TAXES AND OTHER REVENUES
0.00.00.00.00.0%
Alcoholic Beverage State Tax$191.01.8%211.0$200.1(10.9)10.5%4.8%Alcoholic Beverage State Tax$200.10.94.8%391.10.96.6211.0$226.415.40.0%13.2%Alcoholic Beverage State Tax219.7219.70.04.1%(3.0)%Alcoholic Beverage State Tax1.0%228.8228.80.04.1%4.1%448.5448.50.0Alcoholic Beverage State Tax$219.79.8%$228.84.1%$448.514.7%Alcoholic Beverage State Tax$228.8$228.8$228.8$228.8Alcoholic Beverage State Tax0.0%0.0%0.0%0.0%
0.00.00.00.00.0%0.0
Bank Franchise Tax24.089.922.029.77.7(8.2)24.0Bank Franchise Tax29.70.124.053.70.1113.922.026.74.70.0(10.0)Bank Franchise Tax22.022.00.00.0(17.7)Bank Franchise Tax0.1%22.022.00.00.00.044.044.00.0Bank Franchise Tax22.0(25.9)22.00.044.0(18.0)Bank Franchise Tax22.022.022.022.0Bank Franchise Tax0.00.00.00.0
0.00.00.00.00.0%0.0
Beer & Beverage Excise Tax40.99.340.740.7(0.0)(0.4)(0.5)Beer & Beverage Excise Tax40.70.2(0.5)81.50.28.840.740.80.10.00.3Beer & Beverage Excise Tax40.740.70.00.0(0.2)Beer & Beverage Excise Tax0.2%40.740.70.00.00.081.481.40.0Beer & Beverage Excise Tax40.70.140.70.081.4(0.2)Beer & Beverage Excise Tax40.740.740.740.7Beer & Beverage Excise Tax0.00.00.00.0
0.00.00.00.00.0%0.0
Corporate Franchise & Charter Fees53.674.352.358.25.9(2.5)8.6Corporate Franchise & Charter Fees58.20.38.6111.90.382.952.359.26.90.01.6Corporate Franchise & Charter Fees52.352.30.00.0(11.6)Corporate Franchise & Charter Fees0.2%52.352.30.00.00.0104.6104.60.0Corporate Franchise & Charter Fees52.3(10.2)52.30.0104.6(6.5)Corporate Franchise & Charter Fees52.352.352.352.3Corporate Franchise & Charter Fees0.00.00.00.0
0.00.00.00.00.0%
Excess & Other Fees from Officers(7.7)(55.1)(7.5)(6.9)0.62.110.3Excess & Other Fees from Officers(6.9)(0.0)10.3(14.5)(0.0)(44.8)(7.5)(8.6)(1.1)0.0(25.9)Excess & Other Fees from Officers(7.5)(7.5)0.00.0(13.3)Excess & Other Fees from Officers-0.0%(7.5)(7.5)0.00.00.0(15.0)(15.0)0.0Excess & Other Fees from Officers(7.5)9.2(7.5)0.0(15.0)3.3Excess & Other Fees from Officers(7.5)(7.5)(7.5)(7.5)Excess & Other Fees from Officers0.00.00.00.0
0.00.00.00.00.0%0.0
Estate & Gifts0.958.80.00.20.2(100.0)(79.5)Estate & Gifts0.20.0(79.5)1.10.0(20.7)0.00.10.1n/an/aEstate & Gifts0.00.00.0n/an/aEstate & Gifts0.0%0.00.00.0n/an/a0.00.0n/aEstate & Gifts0.0n/a0.0n/a0.0n/aEstate & Gifts0.00.00.00.0Estate & Gifts
0.00.00.00.00.0%0.0
Institutional Revenues2.8(0.9)2.62.70.1(5.7)(2.3)Institutional Revenues2.70.0(2.3)5.50.0(3.3)2.62.6(0.0)0.0(4.6)Institutional Revenues2.62.60.00.01.1Institutional Revenues0.0%2.62.60.00.00.05.25.20.0Institutional Revenues2.6(3.5)2.60.05.2(4.6)Institutional Revenues2.62.62.62.6Institutional Revenues0.00.00.00.0
0.00.00.00.00.0%0.0
Interest & Rents61.7(6.6)129.387.3(42.0)109.441.4Interest & Rents87.30.441.4149.00.434.8129.3110.7(18.6)0.026.9Interest & Rents111.780.3(31.4)(13.6)(27.5)Interest & Rents0.4%104.992.2(12.7)(6.1)14.8216.6172.5(44.1)Interest & Rents111.728.0104.9(6.1)216.645.3Interest & Rents104.9104.9104.9104.9Interest & Rents0.00.00.00.0
0.00.00.00.00.0%
Licenses & Permits4.0(75.0)4.03.9(0.1)(0.1)(1.5)Licenses & Permits3.90.0(1.5)8.00.0(76.5)4.03.6(0.4)0.0(9.9)Licenses & Permits4.04.00.00.012.6Licenses & Permits0.0%4.04.00.00.00.08.08.00.0Licenses & Permits4.01.44.00.08.00.6Licenses & Permits4.04.04.04.0Licenses & Permits0.00.00.00.0
0.00.00.00.00.0%0.0
Miscellaneous Taxes and Penalties229.238.5236.8245.99.13.37.3Miscellaneous Taxes and Penalties245.91.17.3475.01.145.8236.8230.4(6.4)0.0(6.3)Miscellaneous Taxes and Penalties240.6220.6(20.0)1.6(4.2)Miscellaneous Taxes and Penalties1.0%240.5230.5(10.0)(0.0)4.5481.1451.1(30.0)Miscellaneous Taxes and Penalties240.6(2.1)240.5(0.0)481.11.3Miscellaneous Taxes and Penalties237.0237.0237.0237.0Miscellaneous Taxes and Penalties(1.5)0.00.00.0
0.00.00.00.00.0%0.0
Other Miscellaneous Revenues19.4(33.8)23.828.14.322.444.4Other Miscellaneous Revenues28.10.144.447.50.110.623.834.811.00.023.8Other Miscellaneous Revenues23.323.30.0(2.1)(33.0)Other Miscellaneous Revenues0.1%23.323.30.00.00.046.646.60.0Other Miscellaneous Revenues23.3(17.0)23.30.046.6(2.0)Other Miscellaneous Revenues23.423.423.423.4Other Miscellaneous Revenues0.40.00.00.0
0.00.00.00.00.0%0.0
Public Service GR / Consumption Tax98.7(22.7)98.998.9(0.0)0.20.2Public Service GR / Consumption Tax98.90.50.2197.60.5(22.5)98.997.0(1.9)0.0(1.9)Public Service GR / Consumption Tax98.998.90.00.01.9Public Service GR / Consumption Tax0.4%98.998.90.00.00.0197.8197.80.0Public Service GR / Consumption Tax98.90.098.90.0197.80.1Public Service GR / Consumption Tax98.998.998.998.9Public Service GR / Consumption Tax0.00.00.00.0
Total Revenue$19,880.896.9%$21,972.0$21,307.5($664.5)10.5%7.2%Total Revenue$21,307.596.9%7.2%41,188.31.07.2$21,972.0$21,737.8($234.2)3.1%2.0%Total Revenue$22,687.8$21,353.1($1,334.7)3.3%(1.8)%Total Revenue97.3%$23,538.3$22,185.5($1,352.8)3.7%3.9%$46,226.1$43,538.6($2,687.5)Total Revenue$22,687.82.3%$23,538.33.7%46,226.16.2%
0.00.00.00.0ERROR:#DIV/0!0.0%
TOTAL GF REVENUES$ERROR:#REF!44.5%$ERROR:#REF!$ERROR:#REF!ERROR:#REF!ERROR:#REF!%ERROR:#REF!%TOTAL GF REVENUES$ERROR:#REF!ERROR:#REF!ERROR:#REF!%ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!$ERROR:#REF!ERROR:#REF!ERROR:#REF!%ERROR:#REF!%TOTAL GF REVENUESTOTAL GF REVENUESERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!%ERROR:#DIV/0!%TOTAL GF REVENUESERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!%ERROR:#REF!%ERROR:#REF!ERROR:#REF!ERROR:#REF!TOTAL GF REVENUES$ERROR:#REF!ERROR:#REF!%$ERROR:#REF!ERROR:#REF!%$ERROR:#REF!ERROR:#REF!%TOTAL GF REVENUES$ERROR:#REF!$ERROR:#REF!$ERROR:#REF!$ERROR:#REF!TOTAL GF REVENUESERROR:#REF!%ERROR:#REF!%ERROR:#REF!%ERROR:#REF!%
0.00.00.00.0ERROR:#DIV/0!0.0%
TRANSFERSTRANSFERS0.00.00.00.0TRANSFERSTRANSFERSERROR:#DIV/0!TRANSFERS0.0%TRANSFERSTRANSFERSTRANSFERS
0.00.00.0
A.B.C. Profits$$109.53.0%0.5$124.8$130.7$5.914.0%19.4%A.B.C. Profits$$130.70.619.4%240.20.622.5$124.8$137.5$12.7(4.5)%5.2%A.B.C. Profits$125.1$125.1$0.00.2%(9.0)%A.B.C. Profits0.6$128.7$128.7$0.02.9%2.9%$253.8$253.8$0.0A.B.C. Profits$125.1(2.8)%$128.72.9%$253.80.0%A.B.C. Profits$125.2$125.2$125.2$125.2A.B.C. Profits(2.7)%0.0%0.0%0.0%
0.00.00.00.0ERROR:#DIV/0!0.0ERROR:#DIV/0!ERROR:#DIV/0!0.0ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!
Lottery Proceeds Fund0.0ERROR:#REF!0.00.00.0ERROR:#DIV/0!ERROR:#DIV/0!Lottery Proceeds Fund0.00.0ERROR:#DIV/0!0.00.0ERROR:#REF!0.00.00.0ERROR:#DIV/0!ERROR:#DIV/0!Lottery Proceeds Fund0.00.00.0ERROR:#DIV/0!n/aLottery Proceeds Fund0.00.00.00.0n/an/a0.00.00.0Lottery Proceeds Fund0.0ERROR:#DIV/0!0.0ERROR:#DIV/0!0.0ERROR:#DIV/0!Lottery Proceeds Fund0.00.00.00.0Lottery Proceeds FundERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!
392.6392.61.8392.61.80.0406.00.00.0
Sales Tax (0.375%)376.6ERROR:#DIV/0!1.8421.6392.6(29.0)11.94.2Sales Tax (0.375%)392.61.84.2769.21.8ERROR:#DIV/0!421.6406.0(15.6)7.43.4Sales Tax (0.375%)426.9365.7(61.2)1.3(9.9)Sales Tax (0.375%)1.6433.7375.9(57.8)1.62.8860.6741.6(119.0)Sales Tax (0.375%)426.913.6433.71.6860.616.0Sales Tax (0.25%)441.3449.4457.7466.3Sales Tax (0.25%)1.81.81.81.9
0.00.00.00.00.00.0
Transfers142.290.40.7155.3134.7(20.6)9.2(5.3)Transfers134.70.7(5.3)276.90.785.1155.3160.45.115.319.1Transfers Per Act103.8103.80.0(33.2)(35.3)Transfers Per Act0.5103.8103.80.00.00.0207.6207.60.0Transfers Per Act103.8(0.0)103.80.0207.6(0.0)Transfers Per Appropriations Act115.0115.0115.0115.0Transfers Per Appropriations Act10.80.00.00.0
0.00.00.0
Total Transfers$$ 628.345.9%3.1%$701.7$658.0($43.7)11.7%4.7%Total Transfers$$658.03.1%4.7%1,286.30.050.7$701.7$703.9$2.26.6%7.0%Total Transfers$655.8$594.6($61.2)(6.5)%(15.5)%Total Transfers2.7%$666.2$608.4($57.8)1.6%2.3%$1,322.0$1,203.0($119.0)Total Transfers$655.87.8%$666.21.6%$1,322.09.9%Total Transfers$681.5$689.6$697.9$706.5Total Transfers2.3%1.2%1.2%1.2%
0.00.00.0
TOTAL GENERAL FUND$20,509.044.6%100.0%$22,673.7$21,965.5($708.2)10.6%7.1%TOTAL GENERAL FUND$$21,965.5100.0%7.1%42,474.61.051.7$22,673.7$22,441.7($232.0)3.2%2.2%TOTAL GENERAL FUND$$23,343.6$$21,947.7$(1,395.9)3.0%(2.2)%TOTAL GENERAL FUND100.0%$24,204.5$22,793.9($1,410.6)3.7%3.9%$47,548.1$44,741.6($2,806.5)TOTAL GENERAL FUND$23,343.62.4%$24,204.53.7%$47,548.16.3%TOTAL GENERAL FUND$ERROR:#REF!$ERROR:#REF!$ERROR:#REF!$ERROR:#REF!TOTAL GENERAL FUNDERROR:#REF!%ERROR:#REF!%ERROR:#REF!%ERROR:#REF!%
$ Change From Previous Year$ERROR:#REF!$ERROR:#REF!$ERROR:#REF!$ERROR:#REF!
TOTAL BIENNIUM GENERAL FUND$ERROR:#REF!$ERROR:#REF!
$ Change From Previous Biennium$ERROR:#REF!$ERROR:#REF!
% Growth From Previous BienniumERROR:#REF!ERROR:#REF!%
Print
The Official to Actual General Fund Forecast for Fiscal Year 2020The Official to Interim General Fund Forecast for Fiscal Year 2021The Official to Interim General Fund Forecast for Fiscal Year 2022The December General Fund Forecast for Fiscal Years 2020-22The December General Fund Forecast for Fiscal Years 2023-26The December General Fund Forecast for Fiscal Years 2023-26
(Dollars in Millions)August 18, 2020(Dollars in Millions)August 18, 2020(Dollars in Millions)August 18, 2020(Dollars in Millions)August 18, 2020(Dollars in Millions)August 18, 2020(Dollars in Millions)August 18, 2020
Fiscal Year 2019Fiscal Year 2020Fiscal Year 2021Fiscal Year 20222020-2022 BienniumFiscal Year 2021Fiscal Year 20222020-2022 BienniumFY 23FY 24FY 25FY 26
Official% Growth Over FY19OfficialInterim% Growth Over FY20OfficialInterim% Growth Over FY21OfficialInterimInterim% Growth Over FY 20Interim% Growth Over FY 21Interim% Growth Over 18-20Fiscal YearFiscal YearFiscal YearFiscal Year% Growth% Growth% Growth% Growth
Actual% GrowthForecastActualChangeOfficialActualForecastForecastChangeOfficialInterimForecastForecastChangeOfficialInterimForecastForecastChangeForecastForecastForecast2023202420252026Over FY 22Over FY 23Over FY 24Over FY 25
MAJOR TAX SOURCESMAJOR TAX SOURCESMAJOR TAX SOURCESMAJOR TAX SOURCESMAJOR TAX SOURCESMAJOR TAX SOURCES
Corporate Income$943.49.5%$1,031.5$1,011.7$(19.9)9.3%7.2%Corporate Income$1,019.2$1,041.7$22.5(1.2)%3.0%Corporate Income$1,132.6$1,143.0$10.411.1%9.7%$2,151.8$2,184.7$32.9Corporate Income$1,019.2(10.8)%$1,132.611.1%$2,151.8(1.5)%Corporate Income$1,230.5$1,267.4$1,298.4$1,355.4Corporate Income8.6%3.0%2.4%4.4%
Individual Income Tax:Individual Income Tax:Individual Income Tax:Individual Income Tax:Individual Income Tax:Individual Income Tax:
Gross16,964.75.917,396.017,182.5(213.5)2.51.3Gross18,219.017,373.1(845.9)4.71.1Gross18,982.918,125.9(857.0)4.24.337,201.935,499.0(1,702.9)Gross18,219.00.518,982.94.237,201.94.8Gross19,864.220,751.721,824.322,585.3Gross4.64.55.23.5
0.0
Withholding12,987.83.613,591.913,378.1(213.8)4.73.0Withholding14,118.013,704.2(413.8)3.92.4Withholding14,676.414,341.0(335.4)4.04.628,794.428,045.2(749.2)Withholding14,118.0(1.6)14,676.44.028,794.42.7Withholding15,273.615,903.316,569.317,266.8Withholding4.14.14.24.2
0.0
Nonwithholding3,976.814.53,804.13,804.50.4(4.3)(4.3)Nonwithholding4,101.03,668.9(432.1)7.8(3.6)Nonwithholding4,306.53,784.9(521.6)5.03.28,407.57,453.8(953.7)Nonwithholding4,101.08.44,306.55.08,407.512.8Nonwithholding4,590.64,848.45,255.05,318.5Nonwithholding6.65.68.41.2
0.0
Refunds(1,738.2)(8.9)(1,976.6)(1,830.9)145.713.75.3Refunds(2,059.9)(1,924.9)135.04.25.1Refunds(2,137.4)(2,062.4)75.03.87.1(4,197.3)(3,987.3)210.0Refunds(2,059.9)(0.1)(2,137.4)3.8(4,197.3)5.3Refunds(2,221.1)(2,310.0)(2,405.2)(2,482.7)Refunds3.94.04.13.2
0.0
Net15,226.57.915,419.415,351.6(67.8)1.30.8Net16,159.115,448.2(710.9)4.80.6Net16,845.516,063.5(782.0)4.24.033,004.631,511.7(1,492.9)Net16,159.10.616,845.54.233,004.64.7Net17,643.118,441.719,419.120,102.6Net4.74.55.33.5
0.0
Insurance Company Premiums382.013.0394.1360.6(33.5)3.2(5.6)Insurance Company Premiums420.1337.4(82.7)6.6(6.4)Insurance Company Premiums437.1359.5(77.6)4.06.6857.2696.9(160.3)Insurance Company Premiums420.116.8437.14.0857.223.0Insurance Company Premiums454.5472.6491.6511.3Insurance Company Premiums4.04.04.04.0
0.0
State Sales & Use Tax3,580.43.43,844.53,706.8(137.7)7.43.5State Sales & Use Tax3,893.03,346.5(546.5)1.3(9.7)State Sales & Use Tax3,955.63,438.7(516.9)1.62.87,848.66,785.2(1,063.4)State Sales & Use Tax3,893.013.23,955.61.67,848.615.7State Sales & Use Tax4,024.94,098.64,174.44,252.9State Sales & Use Tax1.81.81.81.9
0.0
Wills, Suits, Deeds, & Contract Fees386.5(2.1)468.6483.514.921.325.1Wills, Suits, Deeds, & Contract Fees388.1422.434.3(17.2)(12.6)Wills, Suits, Deeds, & Contract Fees357.0393.036.0(8.0)(7.0)745.1815.470.3Wills, Suits, Deeds, & Contract Fees388.1(1.2)357.0(8.0)745.1(8.6)Wills, Suits, Deeds, & Contract Fees357.0357.0357.0357.0Wills, Suits, Deeds, & Contract Fees0.00.00.00.0
Total Major Tax Sources$20,518.77.1%$21,158.1$20,914.2$(243.9)3.1%1.9%Total Major Tax Sources$21,879.5$20,596.2$(1,283.3)3.4%(1.5)%Total Major Tax Sources$22,727.8$21,397.7$(1,330.1)3.9%3.9%$44,607.3$41,993.9$(2,613.4)Total Major Tax Sources$21,879.52.3%$22,727.83.9%$44,607.36.2%Total Major Tax Sources$23,710.0$24,637.3$25,740.5$26,579.2Total Major Tax Sources4.3%3.9%4.5%3.3%
MISCELLANEOUS TAXES AND OTHER REVENUESMISCELLANEOUS TAXES AND OTHER REVENUESMISCELLANEOUS TAXES AND OTHER REVENUESMISCELLANEOUS TAXES AND OTHER REVENUESMISCELLANEOUS TAXES AND OTHER REVENUESMISCELLANEOUS TAXES AND OTHER REVENUES
Alcoholic Beverage State Tax$200.14.8%$211.0$226.4$15.45.4%13.2%Alcoholic Beverage State Tax$219.7$219.7$0.04.1%(3.0)%Alcoholic Beverage State Tax$228.8$228.8$0.04.1%4.1%$448.5$448.5$0.0Alcoholic Beverage State Tax$219.7(4.0)%$228.84.1%$448.50.0%Alcoholic Beverage State Tax$228.8$228.8$228.8$228.8Alcoholic Beverage State Tax0.0%0.0%0.0%0.0%
%0.0
Bank Franchise Tax29.724.022.026.74.7(25.9)(10.0)Bank Franchise Tax22.022.00.00.0(17.7)Bank Franchise Tax22.022.00.00.00.044.044.00.0Bank Franchise Tax22.00.022.00.044.00.0Bank Franchise Tax22.022.022.022.0Bank Franchise Tax0.00.00.00.0
%0.0
Beer & Beverage Excise Tax40.7(0.5)40.740.80.10.10.3Beer & Beverage Excise Tax40.740.70.00.0(0.2)Beer & Beverage Excise Tax40.740.70.00.00.081.481.40.0Beer & Beverage Excise Tax40.70.040.70.081.40.0Beer & Beverage Excise Tax40.740.740.740.7Beer & Beverage Excise Tax0.00.00.00.0
0.0
Corporate Franchise & Charter Fees58.28.652.359.26.9(10.2)1.6Corporate Franchise & Charter Fees52.352.30.00.0(11.6)Corporate Franchise & Charter Fees52.352.30.00.00.0104.6104.60.0Corporate Franchise & Charter Fees52.30.052.30.0104.60.0Corporate Franchise & Charter Fees52.352.352.352.3Corporate Franchise & Charter Fees0.00.00.00.0
Excess & Other Fees from Officers(6.9)10.3(7.5)(8.6)(1.1)(9.2)(25.9)Excess & Other Fees from Officers(7.5)(7.5)0.00.0(13.3)Excess & Other Fees from Officers(7.5)(7.5)0.00.00.0(15.0)(15.0)0.0Excess & Other Fees from Officers(7.5)0.0(7.5)0.0(15.0)0.0Excess & Other Fees from Officers(7.5)(7.5)(7.5)(7.5)Excess & Other Fees from Officers0.00.00.00.0
%0.0
Estate & Gifts0.2(79.5)0.00.10.1(100.0)(58.1)Estate & Gifts0.00.00.0n/an/aEstate & Gifts0.00.00.0n/an/a0.00.0n/aEstate & Gifts0.0n/a0.0n/a0.0n/aEstate & Gifts0.00.00.00.0Estate & Gifts
%0.0
Institutional Revenues2.7(2.3)2.62.6(0.0)(3.5)(4.6)Institutional Revenues2.62.60.00.01.1Institutional Revenues2.62.60.00.00.05.25.20.0Institutional Revenues2.60.02.60.05.20.0Institutional Revenues2.62.62.62.6Institutional Revenues0.00.00.00.0
%0.0
Interest & Rents87.341.4129.3110.7(18.6)48.126.9Interest & Rents111.780.3(31.4)(13.6)%(27.5)Interest & Rents104.992.2(12.7)(6.1)14.8216.6172.5(44.1)Interest & Rents111.721.1104.9(6.1)216.625.6Interest & Rents104.9104.9104.9104.9Interest & Rents0.00.00.00.0
Licenses & Permits3.9(1.5)4.03.6(0.4)1.4(9.9)Licenses & Permits4.04.00.00.0%12.6Licenses & Permits4.04.00.00.00.08.08.00.0Licenses & Permits4.00.04.00.08.00.0Licenses & Permits4.04.04.04.0Licenses & Permits0.00.00.00.0
%0.0
Miscellaneous Taxes and Penalties245.97.3236.8230.4(6.4)(3.7)(6.3)Miscellaneous Taxes and Penalties240.6220.6(20.0)1.6%(4.2)Miscellaneous Taxes and Penalties240.5230.5(10.0)(0.0)4.5481.1451.1(30.0)Miscellaneous Taxes and Penalties240.64.4240.5(0.0)481.16.7Miscellaneous Taxes and Penalties237.0237.0237.0237.0Miscellaneous Taxes and Penalties(1.5)0.00.00.0
%0.0
Other Miscellaneous Revenues28.144.423.834.811.0(15.2)23.8Other Miscellaneous Revenues23.323.30.0(2.1)%(33.0)Other Miscellaneous Revenues23.323.30.00.00.046.646.60.0Other Miscellaneous Revenues23.30.023.30.046.60.0Other Miscellaneous Revenues23.423.423.423.4Other Miscellaneous Revenues0.40.00.00.0
%0.0
Public Service GR / Consumption Tax98.90.298.997.0(1.9)0.0(1.9)Public Service GR / Consumption Tax98.998.90.00.0%1.9Public Service GR / Consumption Tax98.998.90.00.00.0197.8197.80.0Public Service GR / Consumption Tax98.90.098.90.0197.80.0Public Service GR / Consumption Tax98.998.998.998.9Public Service GR / Consumption Tax0.00.00.00.0
Total Misc. Taxes and Other Revenues$788.89.8%$813.9$823.6$9.73.2%4.4%Total Misc. Taxes and Other Revenues$808.3$756.9$(51.4)(0.7)%(8.1)%Total Misc. Taxes and Other Revenues$810.5$787.8$(22.7)0.3%4.1%$1,618.8$1,544.7$(74.1)Total Misc. Taxes and Other Revenues$808.32.6%$810.50.3%$1,618.84.8%Total Misc. Taxes and Other Revenues$807.1$807.1$807.1$807.1Total Misc. Taxes and Other Revenues(0.4)%0.0%0.0%0.0%
TOTAL GF REVENUES$21,307.57.2%$21,972.0$21,737.8$(234.2)3.1%2.0%TOTAL GF REVENUES$22,687.8$21,353.1$(1,334.7)3.3%(1.8)%TOTAL GF REVENUES$23,538.3$22,185.5$(1,352.8)3.7%3.9%$46,226.1$43,538.6$(2,687.5)TOTAL GF REVENUES$22,687.82.3%$23,538.33.7%$46,226.16.2%TOTAL GF REVENUES$24,517.1$25,444.4$26,547.6$27,386.3TOTAL GF REVENUES4.2%3.8%4.3%3.2%
TRANSFERSTRANSFERSTRANSFERSTRANSFERSTRANSFERSTRANSFERS
A.B.C. Profits$130.719.4%$124.8$137.5$12.7(4.5)%5.2%A.B.C. Profits$125.1$125.1$0.00.2%(9.0)%A.B.C. Profits$128.7$128.7$0.02.9%2.9%$253.8$253.8$0.0A.B.C. Profits$125.1(2.8)%$128.72.9%$253.80.0%A.B.C. Profits$125.2$125.2$125.2$125.2A.B.C. Profits(2.7)%0.0%0.0%0.0%
ERROR:#DIV/0!%ERROR:#DIV/0!%ERROR:#DIV/0!ERROR:#DIV/0!0.0ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!
Lottery Proceeds Fund0.0ERROR:#DIV/0!0.00.00.0ERROR:#DIV/0!ERROR:#DIV/0!Lottery Proceeds Fund0.00.00.0ERROR:#DIV/0!%ERROR:#DIV/0!%Lottery Proceeds Fund0.00.00.0n/an/a0.00.00.0Lottery Proceeds Fund0.0ERROR:#DIV/0!0.0ERROR:#DIV/0!0.0ERROR:#DIV/0!Lottery Proceeds Fund0.00.00.00.0Lottery Proceeds FundERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!
406.0%0.0
Sales Tax (0.25%)392.64.2421.6406.0(15.6)7.43.4Sales Tax (0.375%)426.9365.7(61.2)1.3(9.9)Sales Tax (0.375%)433.7375.9(57.8)1.62.8860.6741.6(119.0)Sales Tax (0.375%)426.913.6433.71.6860.616.0Sales Tax (0.375%)441.3449.4457.7466.3Sales Tax (0.375%)1.81.81.81.9
%0.0
Transfers Per Appropriations Act134.7(5.3)155.3160.45.115.319.1Transfers Per Appropriations Act103.8103.80.0(33.2)(35.3)Transfers Per Appropriations Act103.8103.80.00.00.0207.6207.60.0Transfers Per Appropriations Act103.8(0.0)103.80.0207.6(0.0)Transfers Per Appropriations Act115.0115.0115.0115.0Transfers Per Appropriations Act10.80.00.00.0
Total Transfers$658.04.7%$701.7$703.9$2.26.6%7.0%Total Transfers$655.8$594.6$(61.2)(6.5)%(15.5)%Total Transfers$666.2$608.4$(57.8)1.6%2.3%$1,322.0$1,203.0$(119.0)Total Transfers$655.87.8%$666.21.6%$1,322.09.9%Total Transfers$681.5$689.6$697.9$706.5Total Transfers2.3%1.2%1.2%1.2%
TOTAL GENERAL FUND$21,965.57.1%$22,673.7$22,441.7$(232.0)3.2%2.2%TOTAL GENERAL FUND$23,343.6$21,947.7$(1,395.9)3.0%(2.2)%TOTAL GENERAL FUND$24,204.5$22,793.9$(1,410.6)3.7%3.9%$47,548.1$44,741.6$(2,806.5)TOTAL GENERAL FUND$23,343.62.4%$24,204.53.7%$47,548.16.3%TOTAL GENERAL FUND$25,198.6$26,134.0$27,245.5$28,092.8TOTAL GENERAL FUND4.1%3.7%4.3%3.1%
$ Change From Previous Year$994.1$935.4$1,111.5$847.3
The Official forecast is based on the October 2019 IHS Markit Standard Outlook and the corresponding Virginia state forecast developed by the Department of Taxation with recommendations of GACRE. It includes actions of the 2020 General Assembly Session, Chapter 1283 and 1289.The Official forecast is based on the October 2019 IHS Markit Standard Outlook and the corresponding Virginia state forecast developed by the Department of Taxation with recommendations of GACRE. It includes actions of the 2020 General Assembly Session, Chapter 1283 and 1289.The Official forecast is based on the October 2019 IHS Markit Standard Outlook and the corresponding Virginia state forecast developed by the Department of Taxation with recommendations of GACRE. It includes actions of the 2020 General Assembly Session, Chapter 1283 and 1289.The Interim forecast is based on the June 2020 IHS Markit Standard Outlook and the corresponding Virginia state forecast developed by the Department of Taxation.
TOTAL BIENNIUM GENERAL FUND$51,332.5$55,338.2
The Interim forecast is based on the June 2020 IHS Markit Standard Outlook and the corresponding Virginia state forecast developed by the Department of Taxation.The Interim forecast is based on the June 2020 IHS Markit Standard Outlook and the corresponding Virginia state forecast developed by the Department of Taxation.The Interim forecast is based on the June 2020 IHS Markit Standard Outlook and the corresponding Virginia state forecast developed by the Department of Taxation.The Official forecast is based on the October 2019 IHS Markit Standard Outlook and the corresponding Virginia state forecast developed by the Department of Taxation with recommendations of GACRE. It includes actions of the 2020 General Assembly Session, Chapter 1283 and 1289.
$ Change From Previous Biennium$3,784.4$4,005.7
% Growth From Previous Biennium8.07.8%
Input
Input Data
ACTUALACTUALACTUALActualActualActualActualActualActualActualActualThis two columns are for new biennium
FY85FY86FY87FY88FY89FY90FY91FY92FY93FY94FY95FY96FY97FY98FY99FY00FY01FY02FY03FY04FY05FY06FY07FY08FY09FY10FY11FY12FY13FY14FY15 actFY16 ACTFY17 7/17FY18 7/18FY19 7/19FY20 11/19FY20 3/20FY20 4/20FY21 5/20FY21 6/20% growth$ DiffFY22 5/20FY22 6/20% growth$ DiffFY21 11/19% growthFY16 08/09FY16 12/09FY16 12/10FY16 02/11FY22 11/19% growth% growthFY17 12/10FY23% growthFY18 12/10FY24% growthFY25FY26
GROSS INDIVIDUAL2,343.32,610.02,963.43,198.13,556.43,642.13,734.63,827.54,099.04,338.04,581.94,927.25,344.96,043.76,799.87,530.98,061.77,881.97,970.18,602.19,586.610,591.211,347.411,794.711,448.511,082.911,813.67812,397.55513,059.013,009.214,086.014,376.414,913.916,013.416,964.717,261.517,396.017,182.518,219.017,373.11.1%(845.9)18,982.918,125.94.3%(857.0)18,219.00.5%15,199.414,468.114,741.614,800.318,982.94.2%ERROR:#REF!15,554.219,864.24.6%16,351.420,751.74.5%21,824.322,585.3
WITHHOLDING2,512.52,737.32,851.22,958.93,099.13,347.83,562.63,798.64,049.04,303.04,759.05,311.95,861.36,254.96,422.46,567.47,039.37,513.08,061.08,565.58,933.69,138.19,176.29,635.05810,039.66810,251.310,484.211,044.311,306.311,895.412,540.512,987.813,591.913,591.913,378.13.0%14,118.013,704.22.4%(413.8)14,676.414,341.04.6%(335.4)14,118.0-1.6%12,199.511,523.911,881.111,933.714,676.44.0%ERROR:#REF!12,495.015,273.64.1%13,110.615,903.34.1%16,569.317,266.8x
Base7,513.08,061.08,565.58,933.69,138.19,176.29,635.0589,635.05810,286.311,044.311,306.311,895.413,525.713,525.713,378.114,118.013,704.214,676.414,341.014,118.012,199.511,533.811,891.011,899.614,676.412,504.915,273.613,120.515,903.316,569.317,266.8x
Explicit adjustment80.066.266.21stQtr1stQtr44.0x
Other (Partnership, Leg Chng, etc.)(9.9)(9.9)(9.9)(9.9)(9.9)x
NONWITHHOLDING685.6819.1790.8775.6728.3751.3775.3783.4878.11,041.91,284.71,487.81,669.71,806.81,459.51,402.71,562.82,073.52,530.22,782.02,861.22,310.41,906.82,178.6202,357.8872,807.72,524.93,041.63,070.13,018.53,472.93,976.83,669.63,804.13,804.5-4.3%4,101.03,668.9-3.6%(432.1)4,306.53,784.93.2%(521.6)4,101.08.4%2,999.92,944.22,860.52,866.64,306.55.0%ERROR:#REF!3,059.24,590.66.6%3,240.84,848.45.6%5,255.05,318.5
Base EP2,024.62,472.92,782.02,861.22,310.41,906.82,178.6202,178.6202,484.51,572.51,850.02,000.01,948.52,239.52,121.02,397.92,551.92,256.96.4%2,381.32,056.9-8.9%2,448.12,050.7-0.3%2,381.316.1%2,957.82,872.12,788.32,813.02,448.12.8%2,987.02,570.95.0%3,168.62,695.92,946.63,108.8x
FP48.957.3952.41,191.61,070.11,070.01,233.41,855.81,481.01,481.01,547.6-16.6%1,769.61,661.97.4%1,875.91,751.713.2%1,769.61.0%1,875.96.0%2,032.18.3%2,156.92,305.02,421.1x
Other (Partnership, Leg Chng, etc.)33.133.1(209.3)(228.8)(49.9)(49.9)(17.5)(17.5)(49.9)42.172.172.253.6(17.5)72.2(12.4)72.2(4.4)3.4(211.4)
REFUNDS395.1435.8517.6440.2449.5559.9498.6506.2514.3526.1553.8579.1617.1638.2711.9702.0835.41,171.11,194.41,217.21,234.21,282.61,559.81,679.91,967.41,994.71,869.3081,784.7191,719.11,755.81,757.31,820.71,861.01,907.61,738.21,976.61,976.61,830.95.3%2,059.91,924.95.1%(135.0)2,137.42,062.47.1%(75.0)2,059.9-0.1%2,026.02,061.92,114.52,082.42,137.43.8%ERROR:#REF!2,222.82,221.13.9%2,337.12,310.04.0%2,405.22,482.7
Base1,234.21,282.61,559.81,679.91,967.41,994.71,869.3081,869.3081,784.31,784.31,757.31,820.71,861.01,738.21,984.31,984.31,830.92,067.62,067.62,145.12,145.12,067.62,076.02,111.92,114.52,118.42,145.12,222.82,228.82,337.12,317.72,412.92,490.4
(135.0)(75.0)(36.0)
Conformity -EITC7.07.0(7.7)(7.7)(7.7)(7.7)(7.7)(7.7)(7.7)(50.0)(50.0)(7.7)(7.7)(7.7)(7.7)(7.7)
NET INDIVIDUAL1,948.22,174.32,445.82,757.93,106.93,082.23,236.03,321.23,584.83,811.94,028.14,348.04,727.85,405.46,087.96,828.97,226.36,710.86,775.77,384.98,352.49,308.69,787.610,114.89,481.19,088.39,944.37010,612.83611,340.011,253.312,328.712,555.613,052.914,105.815,226.515,284.915,419.415,351.60.8%16,159.115,448.20.6%(710.9)16,845.516,063.54.0%(782.0)16,159.10.6%13,173.412,406.212,627.112,717.916,845.54.2%ERROR:#REF!13,331.417,643.14.7%14,014.318,441.74.5%19,419.120,102.6
SALES930.61,023.01,105.71,192.11,292.91,357.61,336.51,348.81,441.61,539.11,657.71,722.01,826.81,919.22,065.32,201.52,273.02,429.82,336.02,562.32,946.12,812.73,049.13,075.52,903.43,082.53,012.3793,121.5033,219.83,066.53,235.43,295.93,357.13,461.83,580.43,794.53,844.53,706.83.5%3,893.03,346.5-9.7%(546.5)3,955.63,438.72.8%(516.9)3,893.013.2%3,653.93,560.63,692.53,668.53,955.61.6%ERROR:#REF!3,873.64,024.91.8%4,054.34,098.61.8%4,174.44,252.9
Base2,768.72,890.83,016.83,058.52,903.42,858.73,012.3793,012.3793,187.33,250.03,235.43,295.93,357.13,580.43,662.93,662.93,706.83,722.03,425.5-7.6%(296.5)3,784.63,438.70.4%(345.9)3,722.03,650.03,495.83,642.93,657.73,784.63,824.03,853.94,004.73,924.94,000.74,079.2
AST Unwind177.477.432.317.0(27.2)(27.2)(79.0)0.0
Leg Chg &TTF&.125FY14(155.4)223.8223.845223.845(1.2)(1.2)158.8208.8171.0171.0171.03.964.849.610.8171.049.6171.049.6173.7173.7173.7
CORPORATE287.7280.8318.8336.1349.9310.4279.2275.9371.5312.1376.4402.3432.3450.8420.4565.9363.8290.2343.3425.7616.7871.6879.6807.9648.0806.5822.259859.923796.7757.5831.9764.9827.0861.9943.4964.51,031.51,011.77.2%1,019.21,041.73.0%22.51,132.61,143.09.7%10.41,019.2-10.8%921.3905.5937.7914.71,132.611.1%ERROR:#REF!907.51,230.58.6%925.91,267.43.0%1,298.41,355.4
Base584.1846.6879.6807.9648.0806.5806.473806.473868.1868.1831.9764.9827.0910.9910.91,011.7942.9965.4977.7988.1942.9908.2892.4939.0965.3977.7960.01,018.3978.41,066.51,118.61,167.6
YTD Collect adj32.625.0(25.0)(25.0)
Other (Partnership, Leg Chng, etc.)(22.2)(22.2)53.6120.676.376.3154.9154.976.313.113.1(1.3)(50.6)154.9(52.5)(52.5)(52.5)212.2(52.5)200.9179.8187.8
PUBLIC SERVICE138.4135.0145.6152.1107.0101.695.5102.497.8118.7108.6115.5126.3101.8111.9104.293.477.291.286.988.390.088.096.491.397.393.77794.42996.298.298.592.695.198.798.998.998.997.098.998.91.9%0.098.998.90.0%0.098.90.0%95.494.296.493.998.90.0%ERROR:#REF!96.498.90.0%96.498.90.0%98.998.9x
INSURANCE108.6131.2158.5180.5190.3178.6157.7174.8180.3196.4208.2218.0219.0237.0244.9251.1268.1292.7333.0351.3373.6373.8384.9396.9255.0261.9281.563252.895262.2320.4300.6339.1340.9337.9382.0409.1394.1360.6420.1337.4-6.4%(82.7)437.1359.56.6%(77.6)420.116.8%364.2354.4348.8340.3437.14.0%ERROR:#REF!369.5454.54.0%383.1472.64.0%491.6511.3
Base255.0261.9261.881261.881386.7386.7471.1489.5516.2592.7577.7617.7520.7643.0533.1617.7531.4519.6512.5502.2643.0540.6668.8563.6695.5723.4752.4
Transportation Fund(131.1)(131.1)(150.6)(150.4)(163.1)(183.6)(183.6)(197.6)(183.3)(205.9)(173.6)(197.6)13.8%(167.2)(165.2)(163.7)(161.9)(205.9)(171.1)(214.3)(180.5)(222.9)(231.8)(241.1)
ALCOHOLIC STATE60.865.062.261.861.962.364.063.964.362.362.665.966.167.371.477.382.886.487.895.9102.7110.0118.7125.3129.6131.6135.993143.388152.9157.4166.0175.3180.7191.0200.1211.0211.0226.4219.7219.7-3.0%0.0228.8228.84.1%0.0219.7-4.0%136.7137.9143.2143.2228.84.1%ERROR:#REF!143.2228.80.0%143.2228.80.0%228.8228.8
BEER & BEVERAGE35.335.837.838.638.639.039.038.138.338.838.438.537.538.239.139.940.141.140.942.241.842.943.143.543.643.542.94442.99142.341.841.942.341.740.940.740.740.740.840.740.7-0.2%0.040.740.70.0%0.040.70.0%44.343.443.543.340.70.0%ERROR:#REF!43.540.70.0%43.540.70.0%40.740.7x
WILLS59.876.6105.395.5101.291.671.983.799.6114.984.795.5103.4126.8157.9146.3167.6214.4285.8340.6596.1694.7582.9456.3314.3290.2291.457322.071377.5310.8346.3369.1394.4394.9386.5437.6468.6483.525.1%388.1422.4-12.6%34.3357.0393.0-7.0%36.0388.1-1.2%284.0284.0294.1322.9357.0-8.0%ERROR:#REF!294.1357.00.0%294.1357.00.0%357.0357.0
Base389.8426.7374.0294.0314.3290.2291.973291.973423.0377.0404.0441.0437.6468.6388.1422.5357.0393.0388.1317.5317.5328.7361.3357.0328.7357.0328.7357.0357.0357.0
Tax Reform187.8249.0208.9162.310.0(47.2)48.848.845.845.742.242.245.842.242.243.643.643.6
Transportation Fund(45.5)(40.5)(38.2)(44.6)(43.6)(48.8)(48.8)(45.8)(45.8)(42.2)(42.2)(45.8)(33.5)(33.5)(34.6)(38.4)(42.2)(34.6)(42.2)(34.6)(43.6)(43.6)(43.6)
Other (Partnership, Leg Chng, etc.)18.419.1
INHERITANCE28.119.932.843.244.763.146.948.847.983.077.769.492.2122.3154.1150.1126.8133.7143.3149.6150.0160.4152.9153.46.05.72.7130.298(0.3)0.20.10.28.20.90.20.00.00.10.00.0-100.0%0.00.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.00.00.00.0ERROR:#DIV/0!ERROR:#REF!0.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.0x
Base155.5155.5x
Leg Change - Repeal(155.5)(155.5)x
TOBACCO16.917.217.117.016.516.215.315.214.814.915.816.016.015.715.415.215.115.015.316.16.30.00.00.00.00.00.0000.0000.00.00.00.00.00.00.00.00.00.00.00.0ERROR:#DIV/0!0.00.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.00.00.00.0ERROR:#DIV/0!ERROR:#REF!0.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.0x
BANK FRANCHISE2.62.93.84.34.95.25.14.34.65.97.58.48.88.413.312.34.610.29.38.710.612.312.613.822.523.124.40318.88120.422.519.017.822.024.029.722.022.026.722.022.0-17.7%0.022.022.00.0%0.022.00.0%15.310.012.419.322.00.0%ERROR:#REF!12.422.00.0%12.422.00.0%22.022.0x
OTHER TAXES0.50.81.91.00.1(3.0)(5.7)0.8(2.4)(1.2)(4.2)(3.5)(3.3)(1.4)(0.6)(2.5)(2.8)(12.9)(9.0)15.331.115.16.71.75.83.1(2.790)1.075(0.5)6.511.214.19.215.417.513.513.59.213.413.446.4%0.013.313.3-0.7%0.014.113.40.8%6.94.66.42.613.3-0.7%ERROR:#REF!6.413.73.0%6.413.70.0%13.713.7x
LICENSES & PERMITS4.04.54.84.51.01.01.11.21.11.91.71.71.81.51.51.51.61.51.54.64.64.84.84.64.34.34.3504.2414.24.04.14.14.24.03.94.04.03.64.04.012.6%0.04.04.00.0%0.04.00.0%4.34.34.34.34.00.0%4.34.34.34.00.0%4.34.00.0%4.04.0x
VEHICLE LICENSES3.94.14.34.40.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0000.0000.00.00.00.00.00.00.00.00.00.00.00.0ERROR:#DIV/0!0.00.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.00.00.00.0ERROR:#DIV/0!ERROR:#REF!0.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.0x
CORP. FRANCHISE7.112.111.811.912.315.912.813.016.618.219.018.819.914.322.121.622.922.436.739.143.146.447.947.049.446.644.40442.32947.150.248.653.653.453.658.252.352.359.252.352.3-11.6%0.052.352.30.0%0.052.30.0%43.443.443.443.452.30.0%43.443.443.452.30.0%43.452.30.0%52.352.3x
FEES: PROFESSIONS0.20.20.20.20.30.30.30.30.40.80.90.80.80.91.01.01.11.21.11.10.00.00.00.00.00.00.0000.0000.00.00.00.00.00.00.00.00.0ERROR:#DIV/0!0.00.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.00.00.00.0ERROR:#DIV/0!ERROR:#REF!0.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.0x
PRIVILEGES1.21.51.41.5(0.0)0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0000.0000.00.00.00.00.00.00.00.00.00.00.00.0ERROR:#DIV/0!0.00.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.00.00.00.0ERROR:#DIV/0!ERROR:#REF!0.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.0x
SERVICES2.33.03.34.24.13.15.66.17.38.29.19.19.910.110.09.911.312.911.212.013.314.115.615.813.711.711.13310.45610.911.311.511.011.712.313.411.711.715.411.711.7-24.1%0.011.711.70.0%0.011.70.0%11.711.711.711.711.70.0%11.711.711.711.70.0%11.711.70.0%11.711.7x
SALES PROPERTY0.70.40.20.11.40.10.30.00.40.40.10.00.90.53.01.10.10.31.02.011.87.0(0.0)0.00.00.82.8734.3730.12.80.41.20.05.40.40.00.01.80.00.0-100.0%0.00.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.00.00.00.0ERROR:#DIV/0!ERROR:#REF!0.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.0x
ASS. & REC. SP. SERV 0.80.60.30.70.70.60.50.50.30.40.40.50.40.20.30.20.40.40.40.30.30.30.20.50.40.40.4360.3500.30.40.50.40.20.60.40.40.40.30.40.440.4%0.00.40.40.0%0.00.40.0%0.40.40.40.40.40.0%ERROR:#REF!0.40.40.0%0.40.40.0%0.40.4x
INSTITUTIONAL2.72.62.72.72.72.93.95.05.55.56.711.011.710.68.49.17.99.27.99.69.28.27.27.66.46.06.4465.8425.75.67.45.32.32.82.72.62.62.62.62.61.1%0.02.62.60.0%0.02.60.0%6.26.26.26.22.60.0%6.26.26.22.60.0%6.22.60.0%2.62.6x
INTEREST91.792.876.479.285.7101.737.442.448.153.464.582.3114.9105.8126.1131.2133.2100.481.761.483.996.8175.9189.3104.294.381.12277.15667.574.148.752.255.661.487.0129.0129.0110.4111.480.0-27.5%(31.4)104.691.914.9%(12.7)111.421.2%94.594.594.594.5104.6-6.1%94.594.594.5104.60.0%94.5104.60.0%104.6104.6x
DIVIDENDS & RENT0.30.30.30.40.30.30.40.40.40.40.50.90.30.30.30.40.40.31.40.30.20.30.30.40.30.30.3620.3890.30.30.30.50.40.30.30.30.30.40.30.3-15.7%0.00.30.30.0%0.00.30.0%0.30.30.30.30.30.0%ERROR:#REF!0.30.30.0%0.30.30.0%0.30.3x
FINES31.533.936.240.444.346.649.350.991.998.0101.5101.2110.4119.1128.9127.3134.2152.8191.2206.7219.3187.0226.7220.4215.3204.9228.634222.289224.7215.9221.0226.2228.1213.7228.4223.3223.3221.2227.2207.2-6.3%(20.0)227.2217.24.8%(10.0)227.24.6%219.7220.2227.5239.4227.20.0%ERROR:#REF!227.5223.3-1.7%227.5223.30.0%223.3223.3x
OTHER REVENUE23.210.09.120.56.69.515.221.124.329.122.629.820.117.622.829.584.438.738.875.913.98.83.910.127.117.110.2938.73619.510.512.718.810.8(6.1)6.34.14.111.13.63.6-67.5%0.03.63.6-67.5%0.03.60.0%7.57.57.57.53.60.0%7.57.57.53.72.8%7.53.70.0%3.73.7xx
EXCESS FEES2.32.33.22.43.52.42.33.0(6.8)(11.3)(8.8)(7.6)(8.1)(10.0)(12.8)(10.9)(11.1)(18.6)(27.5)(34.9)(37.9)(41.6)(33.1)(24.4)(17.1)(10.5)(8.625)(8.670)(10.8)(7.1)(6.8)(7.4)(7.9)(7.7)(6.9)(7.5)(7.5)(8.6)(7.5)(7.5)-13.3%0.0(7.5)(7.5)0.0%0.0(7.5)0.0%(17.1)(6.5)(7.5)(7.5)(7.5)0.0%ERROR:#REF!(7.5)(7.5)0.0%(7.5)(7.5)0.0%(7.5)(7.5)x
DONATIONS0.00.00.0(0.0)0.04.50.00.00.00.0(0.0)0.10.00.00.00.0(0.0)0.00.00.00.00.00.00.00.10.10.0860.0220.00.00.00.00.00.00.00.00.00.00.00.0-100.0%0.00.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.00.00.00.0ERROR:#DIV/0!ERROR:#REF!0.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.0x
CITIES, COUNTIES1.01.01.11.11.21.31.31.41.31.31.411.513.510.810.19.48.89.19.19.09.410.010.310.110.39.89.6188.8627.98.37.77.47.47.37.67.67.66.27.67.622.7%0.07.67.60.0%0.07.60.0%9.69.69.69.67.60.0%9.69.69.67.60.0%9.67.60.0%7.67.6x
TOBACCO MASTER66.951.359.860.051.40.60.00.00.00.00.00.0000.0000.00.00.00.00.00.00.00.00.00.00.00.0ERROR:#DIV/0!0.00.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.00.00.00.0ERROR:#DIV/0!ERROR:#REF!0.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.0x
ABC PROFITS25.329.629.426.326.127.526.223.726.820.719.026.023.820.725.530.228.125.414.216.824.930.027.636.144.150.050.50363.80068.072.283.386.5110.5109.5130.7121.6124.8137.5125.1125.1-9.0%0.0128.7128.72.9%0.0125.1-2.8%37.041.449.349.3128.72.9%ERROR:#REF!49.3125.2-2.7%49.3125.20.0%125.2125.2
LOTTERY PROFITS156.5294.6290.8297.1303.3311.6331.6342.5318.9321.9324.3329.4367.2375.1407.8423.5454.0434.9458.20.00.00.0000.0000.00.00.00.00.00.00.00.00.00.00.00.0ERROR:#DIV/0!0.00.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.00.00.00.0ERROR:#DIV/0!ERROR:#REF!0.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.0
TRANSFERS24.418.140.640.346.412.1335.4339.780.184.7(38.2)111.321.749.049.183.125.1334.8653.4588.2291.1381.6357.8318.3362.4517.2361.626437.500356.6465.5550.6475.1542.8518.8527.3545.1576.9566.4530.7469.5-17.1%(61.2)537.5479.72.2%(57.8)530.710.6%346.9337.3347.3347.3537.51.3%ERROR:#REF!360.5556.33.5%373.8564.41.5%572.7581.3
0.25% Sales Tax .375Ft14147.6217.2225.2226.7213.4209.4204.026214.100221.4334.0352.4355.5365.9376.6392.6416.1421.6406.0426.9365.7-9.9%(61.2)433.7375.92.8%(57.8)426.913.6%266.5256.9266.9266.9433.71.6%ERROR:#REF!280.1441.31.8%293.4449.41.8%457.7466.3
All Other24.418.140.640.346.412.1335.4339.780.184.7(38.2)111.321.749.049.183.125.1334.8653.4588.2143.5164.4132.691.6149.0307.8157.600223.400135.2131.5198.2119.6176.9142.2134.7129.0155.3160.4103.8103.8-35.3%0.0103.8103.80.0%0.0103.8-0.0%80.480.480.480.4103.80.0%ERROR:#REF!80.4115.010.8%80.4115.00.0%115.0115.0
TOTAL GENERAL FUND3,840.54,179.54,660.45,121.05,551.45,691.06,128.16,277.46,537.66,912.17,173.67,825.18,337.39,161.510,099.211,226.111,487.911,406.411,909.812,930.714,426.815,700.016,386.116,579.514,721.614,786.715,452.316,347.96517,109.216,949.118,369.518,601.719,348.420,509.021,965.522,371.222,673.722,441.723,343.621,947.7-2.2%(1,395.9)24,204.522,793.93.9%(1,410.6)23,343.62.4%19,459.818,571.118,996.619,073.024,204.53.7%ERROR:#REF!19,885.725,198.64.1%20,794.626,134.03.7%27,245.528,092.8
FY87 RFP and 96 Harper and 97 Trigon0.00.086.10.03.50.070.90.00.00.0(78.3)174.80.00.00.00.00.00.00.00.00.00.00.00.00.0000.00.00.00.00.00.00.00.00.00.00.00.0ERROR:#DIV/0!0.00.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.00.00.00.0ERROR:#DIV/0!ERROR:#REF!0.00.0ERROR:#DIV/0!0.00.0ERROR:#DIV/0!0.00.0
TOTAL WITH RFP3,840.54,179.54,746.55,121.05,554.95,691.06,199.06,277.46,537.66,912.17,173.67,746.88,512.19,161.510,099.211,226.111,487.911,406.411,909.812,930.714,426.815,700.016,386.116,579.514,721.614,786.715,452.316,347.96517,109.216,949.118,369.518,601.719,348.420,509.021,965.522,371.222,673.722,441.723,343.621,947.7-2.2%(1,395.9)24,204.522,793.93.9%(1,410.6)23,343.62.4%19,459.818,571.118,996.619,073.024,204.53.7%ERROR:#REF!19,885.725,198.64.1%20,794.626,134.03.7%27,245.528,092.8
TOTAL GF REVENUE3,790.84,131.74,590.45,054.45,478.95,494.95,471.95,623.26,133.66,503.46,881.17,356.17,949.38,773.59,702.810,788.511,105.310,679.010,867.111,917.913,687.314,834.315,565.815,767.014,315.114,219.515,040.215,846.66516,684.61016,411.41517,735.618,040.118,695.07519,880.821,307.521,704.521,972.021,737.77722,687.821,353.1-1.8%(1,334.7)23,538.322,185.53.9%(1,352.8)22,687.82.3%19,075.918,192.418,600.018,676.423,538.33.7%ERROR:#REF!19,475.924,517.14.2%20,371.525,444.43.8%26,547.627,386.3
TOTAL GF REV - no TOBACCO MASTER10,721.511,054.010,619.210,807.111,866.513,686.714,834.315,565.815,767.014,315.114,219.515,040.215,846.66516,684.616,411.41517,735.618,040.118,695.119,880.821,307.521,704.521,972.021,737.822,687.821,353.1-1.8%(1,334.7)23,538.322,185.53.9%(1,352.8)22,687.82.3%19,075.918,192.418,600.018,676.423,538.33.7%ERROR:#REF!19,475.924,517.14.2%20,371.525,444.43.8%26,547.627,386.3
INTEREST & RENTS92.193.176.779.686.0102.037.842.848.553.865.083.1115.2106.2126.4131.5133.5100.783.161.784.197.1176.2189.7104.694.781.577.54567.874.449.052.656.061.787.3129.3129.3110.7111.780.3-27.5%(31.4)104.992.214.8%(12.7)111.721.1%94.894.894.894.8104.9-6.1%ERROR:#REF!94.8104.90.0%94.8104.90.0%104.9104.9
MISC TAX & PENALTIES32.134.638.141.444.443.543.651.789.596.897.397.7107.1117.8128.4124.8131.3139.9182.2221.9250.4202.1233.4222.0221.1208.0225.8223.364224.2222.3232.2240.3237.3229.2245.9236.8236.8230.4240.6220.6-4.2%(20.0)240.5230.54.5%(10.0)240.64.4%226.6224.8233.9242.0240.5-0.0%ERROR:#REF!233.9237.0-1.5%233.9237.00.0%237.0237.0
OTHER MISC REVENUES46.433.832.845.430.735.538.544.748.755.250.367.861.755.862.6133.3172.5137.4136.9167.855.740.230.136.551.639.834.432.79938.733.332.838.830.119.428.123.823.834.823.323.3-33.0%0.023.323.30.0%0.023.30.0%29.229.229.229.223.30.0%ERROR:#REF!29.223.40.4%29.223.40.0%23.423.4
TOTAL MAJOR3,335.03,685.94,134.14,562.05,041.25,020.55,081.25,204.45,677.75,974.46,355.16,785.97,309.38,139.28,976.39,993.710,298.79,938.010,073.911,064.812,884.814,061.414,684.114,851.413,601.913,529.314,352.015,169.22815,996.215,708.517,043.017,324.617,972.219,162.320,518.720,890.621,158.120,914.221,879.520,596.2-1.5%(1,283.3)22,727.821,397.73.9%(1,330.1)21,879.52.3%18,396.817,510.717,900.217,964.322,727.83.9%ERROR:#REF!18,776.123,710.04.3%19,671.724,637.33.9%25,740.526,579.2
TOTAL MISC455.9445.7456.4492.4437.7474.4390.6418.8456.0528.9526.0570.2640.0634.3726.4794.8806.6741.0793.3853.1802.5772.9881.7915.5713.2690.2688.2677.437688.4702.9692.7715.5722.9718.5788.8813.9813.9823.6808.3756.9-8.1%(51.4)810.5787.84.1%(22.7)808.32.6%679.1681.7699.8712.1810.50.3%ERROR:#REF!699.8807.1-0.4%699.8807.10.0%807.1807.1
TOTAL TRANSFERS49.747.770.066.672.5196.1656.2654.2404.0408.8292.5469.0387.9388.7396.5437.6382.6727.41,042.71,012.8739.5865.7820.3812.5406.5567.2412.1501.300424.6537.7633.9561.6653.3628.3658.0666.7701.7703.9655.8594.6-15.5%(61.2)666.2608.42.3%(57.8)655.87.8%383.9378.7396.6396.6666.21.6%ERROR:#REF!409.8681.52.3%423.1689.61.2%697.9706.5
16,949.1(1,468.4)
NWH/Total GF %0.10920.11340.12240.14020.14730.14870.15730.12800.11780.12090.14370.16120.16980.17260.15690.12900.14100.14420.16410.14900.16560.16500.15600.16930.18100.16400.16780.16950.17570.16720.17790.16600.17570.1779
NWH/Total RevenuesERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!0.15570.16350.13740.12980.13170.15150.17060.17870.18150.16140.13410.14490.14880.16830.15390.17150.17020.16150.17470.18660.16910.17310.17500.18080.17180.18300.17060.18080.18300.18720.19050.19790.1942
0.1571
0.1621
221.9226.9235.4245.2203.7254.4265.5273.9
315.0575.0635.0
93.1348.1399.6
Track
FY19FY20Biennium Total
Revenue SourceOngoingOne-TimeTotalOngoingOne-TimeTotalOngoingOne-TimeTotal
Chapter 2$ 20,173.7$ 20,173.7$ 20,976.2$ 20,976.2$ 41,149.9$ 41,149.9
GACRE November Standard$ 226.4$ 226.4$ 181.8$ 181.8$ 408.2$ 408.2
Post-GACRE revenue adjustments$ 70.0$ 70.0$ 70.0$ 70.0$ 140.0$ 140.0
Federal Tax Conformity$ 76.9$ 517.3$ 594.2$ 177.5$ 433.6$ 611.1$ 254.4$ 950.9$ 1,205.3
Wayfair internet sales tax$ 82.5$ 82.5$ 82.5$ 82.5
Refundable EITC$ (10.3)$ (10.3)$ (206.0)$ (206.0)$ (216.3)$ (216.3)
Accelerated Sales Tax - $10m$ (27.2)$ (27.2)$ (27.2)$ (27.2)
Miscellaneous$ (3.4)$ (3.4)$ 0.6$ 0.6$ 0.6$ (3.4)$ (2.8)
Total Revenues$ 20,547.0$ 503.6$ 21,050.6$ 21,488.6$ 200.4$ 21,689.0$ 42,035.6$ 704.0$ 42,739.6
FY19
Revenue SourceAmountChange
Chapter 2$ 20,173.7
GACRE November Standard$ 226.4
Post-GACRE revenue adjustments$ 70.0
Miscellaneous$ (3.4)
Individual Impact of Business Conformity$ (101.8)
Corporate Impact of Business Conformity$ 163.9
Accelerated Sales Tax - $10m
Miscellaneous
Total Revenues$ 20,528.8$ 355.1
FY20
Revenue SourceAmountChange
Chapter 2$ 20,976.2
GACRE November Standard$ 181.8
Post-GACRE revenue adjustments$ 70.0
Miscellaneous$ 0.6
Individual Impact of Business Conformity$ 12.3
Corporate Impact of Business Conformity$ 154.9
Individual Impact of Pease Limitations$ 107.5
Wayfair internet sales tax$ 82.5
Accelerated Sales Tax - $10m$ (27.2)
Miscellaneous$ (1.9)
Total Revenues$ 21,556.7$ 580.5
Sheet1
TCJA FY Cash Flow FY 2019
(Millions)Jul-Sep 18Oct-Dec 18Jan-Mar 19Apr-Jun 19
Q1Q2Q3Q4TotalCONTROLDifference
Individual
Withholding0.00.00.00.00.00.00.0
Estimated Payments30.050.060.060.0200.0200.00.0
Final Payments0.00.0150.0150.0300.0300.00.0
Refunds0.00.00.032.132.132.10.0
Net30.050.0210.0242.1532.1532.10.0
-430.3-76.9
-163.9-517.3
Jul-Sep 18Oct-Dec 18Jan-Mar 19Apr-Jun 19-101.8
Q1Q2Q3Q4TotalCONTROLDifference163.962.0
Corporate (Includes International)
Estimated & Final Payments0.00.025.025.050.050.00.0-532.1-532.2
Refunds0.00.00.012.012.012.00.0
0.00.025.037.062.062.00.0
TCJA FY Cash Flow FY 2020
(Millions)Jul-Sep 18Oct-Dec 18Jan-Mar 19Apr-Jun 19
Q1Q2Q3Q4TotalCONTROLDifference
Individual
Withholding0.00.00.00.00.00.00.0
Estimated Payments50.050.050.050.0200.0200.00.0
Final Payments0.00.0100.0100.0200.0200.00.0
Refunds0.00.00.011.711.743.8-32.1
Net50.050.0150.0161.7411.7443.8-32.1
Jul-Sep 18Oct-Dec 18Jan-Mar 19Apr-Jun 19
Q1Q2Q3Q4TotalCONTROLDifference
Corporate (Includes International)
Estimated & Final Payments40.040.040.040.0160.0160.00.0
Refunds0.00.00.07.37.37.30.0
40.040.040.047.3167.3167.30.0
-
4
16.0%7.3% 8.2% 8.5%
8.5% 8.3% 8.4% 6.2%
6.6%1.4% -1.2%
2.0%
-32%-28%-24%-20%-16%-12%-8%-4%0%4%8%
12%16%20%24%28%32%
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Growth in Total General Fund Revenue CollectionsFY20 Monthly and Year-to-Date
Monthly Year-to-Date
• Total general fund revenues increased 26.8 percent in June.♦ This was expected as the May 1 due date for individual and corporate income tax payments was
deferred to June 1.
• On a year-to-date basis, total revenues increased 2.0 percent, behind the annual forecast of a 3.1 percent increase.
Forecast: 3.1%
Monthly Growth: 16.0% 0.3% 9.3% 9.6% 8.4% 7.6% 8.7% -12.4% 10.8% -26.2% -20.6% 26.8%
-
5
19.3%
7.0% 5.8% 5.7% 5.1% 5.8% 5.7% 5.5% 4.8% 4.7%3.1%
3.0%
-16%-14%-12%-10%-8%-6%-4%-2%0%2%4%6%8%
10%12%14%16%18%20%22%
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Growth in Withholding Tax CollectionsFY20 Monthly and Year-to-Date
Monthly Year-to-Date
• Collections increased 2.3 percent in June.
• Year-to-date, withholding collections have increased 3.0 percent compared with the same period last year, behind the projected annual growth of 4.7 percent.
Monthly Growth: 19.3% -3.2% 3.4% 5.5% 2.5% 9.2% 5.2% 3.7% -0.4% 4.2% -13.0% 2.3%
Forecast: 4.7%
-
6
Note: Companies making payments in excess of $100,000.
Withholding Tax CollectionsApril – June
Fiscal Years 2018 - 2020millions of dollars
Slowdown in Withholding Was Broad-based andIncluded a Large Decline in the Final Quarter
# of FirmsIndustry (% of Total $ Amount) in FY16 FY18 FY19 FY20 FY18 FY19 FY20Public Sector (18%) 100 $532.0 $565.9 $574.6 5.6% 6.4% 1.5%Education and Health Services (8%) 300 $257.2 $271.1 $263.4 4.8% 5.4% -2.8%Federal Contractors (3%) 244 $118.7 $119.0 $112.7 6.7% 0.2% -5.3%Professional and Business Services (3%) 719 $85.2 $109.4 $109.3 -1.3% 28.4% -0.1%Finance (3%) 170 $86.7 $95.1 $105.3 5.4% 9.7% 10.7%Investment (2%) 224 $64.4 $71.5 $68.5 14.2% 11.0% -4.2%Manufacturing (1%) 232 $44.0 $44.3 $41.7 20.2% 0.6% -5.8%Transportation (1%) 59 $33.8 $31.5 $31.2 4.5% -6.7% -1.1%Housing (1%) 188 $26.7 $30.3 $26.9 3.0% 13.3% -11.4%Other (4%) 681 $123.8 $132.4 $130.5 7.4% 7.0% -1.5%
Total Large Payers (45%) 2,917 $1,372.6 $1,470.5 $1,464.0 5.9% 7.1% -0.4%Total Small Payers (55%) 221,588 $1,811.9 $1,855.9 $1,791.9 11.5% 2.4% -3.4%Total All 224,505 $3,184.5 $3,326.4 $3,255.9 9.0% 4.5% -2.1%
Millions of Dollars Percent Change
PPSlides
1st QT
# of FirmsMillions of DollarsPercent Change
Industry (% of Total $ Amount)in FY16FY18FY19FY20FY18FY19FY20
Public Sector (19%)100$561.3$579.2$592.35.5%3.2%2.3%Public Sector 10019%
Education and Health Services (8%)300$234.4$253.6$261.25.7%8.2%3.0%Education and Health Services3008%
Federal Contractors (3%)244$103.6$113.8$105.9-5.2%9.9%-7.0%Federal Contractors2443%
Finance (3%)170$81.7$89.4$92.86.3%9.5%3.8%Finance1703%
Professional and Business Services (3%)719$90.9$93.6$91.617.0%2.9%-2.1%Professional and Business Services7193%
Investment (2%)224$57.1$67.1$70.43.7%17.5%4.9%Investment2242%
Manufacturing (1%)232$37.6$41.6$41.58.2%10.8%-0.3%Manufacturing2321%
Transportation (1%)59$32.5$34.6$33.13.1%6.4%-4.3%Transportation591%
Housing (1%)188$28.8$25.8$30.432.0%-10.3%17.9%Housing1881%
Other (4%)681$116.2$130.3$123.93.4%12.1%-4.9%Other6814%
Total Large Payers (47%)2,917$1,344.1$1,428.9$1,443.25.6%6.3%1.0%Total Large Payers 2,91747%
Total Small Payers (53%)221,588$1,544.0$1,492.0$1,648.22.7%-3.4%10.5%Total Small Payers 221,58853%
Total All224,505$2,888.1$2,920.9$3,091.44.0%1.1%5.8%Total All224,505100%
2nd QT
# of FirmsMillions of DollarsPercent Change
Industry (% of Total $ Amount)in FY16FY16FY17FY18FY17FY18Public Sector 1000.1716850698
Public Sector (17%)100$494.0$507.4$519.72.7%2.4%Education and Health Services3000.0882699133
Education and Health Services (9%)300$236.2$250.3$267.26.0%6.7%Federal Contractors2440.0347074824
Federal Contractors (4%)244$110.5$108.3$105.1-2.0%-3.0%Professional and Business Services7190.0337403287
Professional and Business Services (3%)719$93.8$99.9$102.16.5%2.2%Finance1700.0321231549
Finance (3%)170$80.0$87.3$97.29.1%11.4%Investment2240.0271126328
Investment (3%)224$67.7$75.4$82.111.3%8.8%Manufacturing2320.0135153921
Manufacturing (1%)232$40.2$36.4$40.9-9.5%12.4%Transportation590.0117657438
Transportation (1%)59$31.2$32.9$35.65.5%8.3%Housing1880.0094306405
Housing (1%)188$24.4$24.3$28.5-0.2%17.4%Other6810.0440838701
Other (4%)681$121.5$126.9$133.44.4%5.2%
Total Large Payers 29170.4664342285
Total Large Payers (47%)2,917$1,299.4$1,349.1$1,411.83.8%4.7%Total Small Payers 2215880.5335657715
Total Small Payers (53%)221,588$1,529.8$1,617.3$1,615.05.7%-0.1%Total All2245051
Total All224,505$2,829.2$2,966.4$3,026.84.8%2.0%
Through 2nd QT
# of FirmsMillions of DollarsPercent Change
Industry (% of Total $ Amount)in FY16FY18FY19FY20FY18FY19FY20
Public Sector (18%)100$1,080.9$1,138.0$1,204.44.0%5.3%5.8%Public Sector 1000.1841414092
Education and Health Services (9%)300$501.6$538.2$557.26.3%7.3%3.5%Education and Health Services3000.0870917515
Federal Contractors (4%)244$208.6$227.3$231.0-4.1%8.9%1.6%Federal Contractors2440.0367864414
Professional and Business Services (3%)719$193.1$206.3$219.98.7%6.9%6.6%Professional and Business Services7190.0333821158
Finance (3%)170$178.9$187.3$203.19.0%4.7%8.4%Finance1700.030308344
Investment (3%)224$139.2$162.5$180.16.7%16.8%10.8%Investment2240.0262864605
Manufacturing (1%)232$78.5$88.3$86.110.3%12.5%-2.5%Manufacturing2320.0142870985
Transportation (1%)59$68.1$70.7$66.15.7%3.8%-6.5%Transportation590.0114377805
Housing (1%)188$57.3$54.4$61.624.3%-5.1%13.3%Housing1880.0088029573
Other (4%)681$212.6$271.3$228.54.2%27.6%-15.8%Other6810.0438929043
Total Large Payers (48%)2,917$2,718.8$2,944.3$3,038.15.1%8.3%3.2%0.4659203239
Total Small Payers (52%)221,588$3,196.1$3,235.9$3,513.11.3%1.2%8.6%0.5340796761
Total All224,505$5,914.9$6,180.2$6,551.23.0%4.5%6.0%1
3rd QT
# of FirmsMillions of DollarsPercent Change
Industry (% of Total $ Amount)in FY16FY16FY17FY18FY17FY18
Public Sector (16%)100$525.4$552.3$565.25.1%2.3%Public Sector 2240.1642622135
Education and Health Services (7%)300$227.7$248.7$253.19.2%1.8%Education and Health Services2320.07356225
Federal Contractors (4%)244$144.0$138.6$151.0-3.7%8.9%Federal Contractors590.0438742365
Finance (4%)170$121.2$133.3$147.310.0%10.5%Finance1220.0428027126
Professional and Business Services (4%)719$114.6$126.9$124.810.7%-1.6%Professional and Business Services1880.0362775439
Investment (3%)224$70.2$83.8$93.519.5%11.6%Investment600.0271765335
Manufacturing (2%)232$56.3$56.3$59.9-0.1%6.5%Manufacturing750.01740879
Transportation (1%)59$35.6$40.3$42.313.3%5.0%Transportation590.0122894692
Housing (1%)188$32.5$34.6$38.36.5%10.7%Housing40.0111348275
Other (5%)681$144.2$149.6$155.43.8%3.8%Other2440.0451605064
Total Large Payers (47%)2,917$1,471.7$1,564.4$1,630.96.3%4.3%Total Large Payers 12670.473949083
Total Small Payers (53%)221,588$1,557.4$1,666.9$1,810.27.0%8.6%Total Small Payers 2232380.526050917
Total All224,505$3,029.1$3,231.3$3,441.16.7%6.5%Total All2245051
Through 3rd QT
# of FirmsMillions of DollarsPercent Change
Industry (% of Total $ Amount)in FY16FY18FY19FY20FY18FY19FY20
Public Sector (18%)100$1,646.4$1,706.3$1,772.53.4%3.6%3.9%PUB110018%
Education and Health Services (8%)300$754.7$797.9$836.04.7%5.7%4.8%EHS13008%
Federal Contractors (4%)244$359.6$382.4$381.91.0%6.3%-0.1%FED12444%
Finance (4%)170$317.9$350.7$370.49.7%10.3%5.6%FIN11704%
Professional and Business Services (4%)719$326.2$341.5$367.84.4%4.7%7.7%PBS17194%
Investment (3%)224$232.7$261.0$296.28.6%12.2%13.5%INV12243%
Manufacturing (1%)232$138.4$145.3$142.98.6%5.0%-1.7%MAN12321%
Transportation (1%)59$110.4$113.6$107.25.4%2.9%-5.6%TRN1591%
Housing (1%)188$95.6$96.7$104.918.5%1.1%8.5%HOU11881%
Other (4%)122$405.2$447.9$440.14.2%10.5%-1.7%WTR11224%
Total Large Payers (48%)2,917$4,387.2$4,643.2$4,819.74.8%5.8%3.8%Total Large Payers 13190.480584279748%
Total Small Payers (52%)221,588$4,968.8$5,018.3$5,302.43.8%1.0%5.7%Total Small Payers 2231860.519415720352%
Total All224,505$9,356.0$9,661.5$10,122.24.2%3.3%4.8%Total All2245051100%
Through 4th QT
# of FirmsMillions of DollarsPercent Change# of FirmsMillions of DollarsPercent Change
Industry (% of Total $ Amount)in FY16FY18FY19FY20FY18FY19FY20Industry (% of Total $ Amount)in FY16FY17FY18FY16FY17FY18
Public Sector (18%)100$2,178.4$2,273.4$2,347.14.0%4.4%3.2%PUB10018%Public Sector (17%)100$2,095.5$2,178.42.9%3.0%4.0%
Education and Health Services (8%)300$1,011.8$1,069.0$1,099.54.8%5.6%2.9%EHS3008%Education and Health Services (8%)300$965.9$1,011.86.1%7.5%4.8%
Federal Contractors (4%)244$478.3$501.3$494.52.4%4.8%-1.4%FED2444%Federal Contractors (4%)244$467.3$478.3-1.9%-2.0%2.4%
Professional and Business Services (4%)719$403.1$460.1$477.13.1%14.1%3.7%PBS7194%Finance (3%)170$379.7$412.96.7%6.3%8.7%
Finance (4%)170$412.9$436.6$475.78.7%5.7%9.0%FIN1704%Professional and Business Services (3%)719$390.9$403.15.9%5.5%3.1%
Investment (3%)224$297.1$332.5$364.69.8%11.9%9.7%INV2243%Investment (2%)224$270.6$297.17.1%9.7%9.8%
Manufacturing (1%)232$182.4$189.6$184.611.2%3.9%-2.6%MAN2321%Manufacturing (1%)232$164.1$182.40.5%-6.7%11.2%
Transportation (1%)59$144.2$145.1$138.45.2%0.6%-4.6%TRN591%Transportation (1%)59$137.1$144.22.5%7.0%5.2%
Housing (1%)188$122.4$127.0$131.714.7%3.8%3.7%HOU1881%Housing (1%)188$106.7$122.414.7%2.4%14.7%
Other (4%)122$529.0$580.3$570.54.9%9.7%-1.7%WTR1224%Other (4%)681$504.3$529.0-9.4%2.6%4.9%
Total Large Payers (47%)2,917$5,759.8$6,114.8$6,283.75.1%6.2%2.8%Total Large Payers 291747%Total Large Payers (46%)2,917$5,482.0$5,759.82.5%3.7%5.1%
Total Small Payers (53%)221,588$6,780.8$6,873.0$7,094.35.7%1.4%3.2%Total Small Payers 22158853%Total Small Payers (54%)221,588$6,413.4$6,780.72.3%6.5%5.7%
Total All224,505$12,540.5$12,987.9$13,378.15.4%3.6%3.0%Total All224,505$11,895.4$12,540.52.4%5.2%5.4%
4th QT
# of FirmsMillions of DollarsPercent Change
Industry (% of Total $ Amount)in FY16FY18FY19FY20FY18FY19FY20
Public Sector (18%)100$532.0$565.9$574.65.6%6.4%1.5%Public Sector 10018%
Education and Health Services (8%)300$257.2$271.1$263.44.8%5.4%-2.8%Education and Health Services3008%
Federal Contractors (3%)244$118.7$119.0$112.76.7%0.2%-5.3%Federal Contractors2443%
Professional and Business Services (3%)719$85.2$109.4$109.3-1.3%28.4%-0.1%Professional and Business Services7193%
Finance (3%)170$86.7$95.1$105.35.4%9.7%10.7%Finance1703%
Investment (2%)224$64.4$71.5$68.514.2%11.0%-4.2%Investment2242%
Manufacturing (1%)232$44.0$44.3$41.720.2%0.6%-5.8%Manufacturing2321%
Transportation (1%)59$33.8$31.5$31.24.5%-6.7%-1.1%Transportation591%
Housing (1%)188$26.7$30.3$26.93.0%13.3%-11.4%Housing1881%
Other (4%)681$123.8$132.4$130.57.4%7.0%-1.5%Other6814%
Total Large Payers (45%)2,917$1,372.6$1,470.5$1,464.05.9%7.1%-0.4%Total Large Payers 2,91745%
Total Small Payers (55%)221,588$1,811.9$1,855.9$1,791.911.5%2.4%-3.4%Total Small Payers 221,58855%
Total All224,505$3,184.5$3,326.4$3,255.99.0%4.5%-2.1%
Comparison
Amount of Payments (1st Quarter) Growth (1st Quarter)
Sector# of Firms in FY16% of total amountFY16FY17FY18FY19FY20FY17FY18FY19FY20
Public Sector 10019%$514.7$532.0$561.3$579.2$592.3PUB3.4%5.5%3.2%2.3%PUB1100
Education and Health Services3008%$208.1$221.6$234.4$253.6$261.2EHS6.5%5.7%8.2%3.0%EHS1300
Federal Contractors2443%$112.0$109.2$103.6$113.8$105.9FED-2.4%-5.2%9.9%-7.0%FED1244
Finance1703%$78.1$76.9$81.7$89.4$92.8FIN-1.6%6.3%9.5%3.8%FIN1170
Professional and Business Services7193%$81.1$77.7$90.9$93.6$91.6PBS-4.1%17.0%2.9%-2.1%PBS1719
Investment2242%$53.1$55.0$57.1$67.1$70.4INV3.6%3.7%17.5%4.9%INV1224
Manufacturing2321%$41.0$34.8$37.6$41.6$41.5MAN-15.1%8.2%10.8%-0.3%MAN1232
Transportation591%$29.7$31.5$32.5$34.6$33.1TRN6.2%3.1%6.4%-4.3%TRN159
Housing1881%$23.2$21.8$28.8$25.8$30.4HOU-6.2%32.0%-10.3%17.9%HOU1188
Other6814%$115.2$112.4$116.2$130.3$123.9-2.4%3.4%12.1%-4.9%WTR1122
WAL14
Total Large Payers 2,91747%$1,256.0$1,273.0$1,344.1$1,428.9$1,443.21.4%5.6%6.3%1.0%
Total Small Payers 221,58853%$1,410.5$1,504.0$1,544.0$1,492.0$1,648.26.6%2.7%-3.4%10.5%
Total All224,505100%$2,666.5$2,777.0$2,888.1$2,920.9$3,091.44.1%4.0%1.1%5.8%
Amount of Payments (2nd Quarter) Growth (2nd Quarter)
Sector# of Firms in FY15% of total amountFY16FY17FY18FY19FY17FY18FY19
Public Sector 10017%$494.0$507.4$519.7$380.0PUB100PUB2.7%2.4%-26.9%
Education and Health Services3009%$236.2$250.3$267.2$185.2EHS300EHS6.0%6.7%-30.7%
Federal Contractors7193%$93.8$99.9$102.1$68.4FED244FED6.5%2.2%-33.1%
Professional and Business Services2443%$110.5$108.3$105.1$74.7PBS719PBS-2.0%-3.0%-28.9%
Finance1703%$80.0$87.3$97.2$63.3FIN170FIN9.1%11.4%-34.9%
Investment2243%$67.7$75.4$82.1$52.9INV224INV11.3%8.8%-35.6%
Manufacturing2321%$40.2$36.4$40.9$31.6MAN232MAN-9.5%12.4%-22.7%
Transportation591%$31.2$32.9$35.6$23.1TRN59TRN5.5%8.3%-35.1%
Housing1881%$24.4$24.3$28.5$20.6HOU188HOU-0.2%17.4%-27.7%
Other6814%$141.0$144.9$133.4$89.6WTR2.8%-7.9%-32.8%
Total Large Payers 2,91747%$1,318.9$1,367.1$1,411.8$989.53.6%3.3%-29.9%
Total Small Payers 221,58853%$1,510.3$1,599.3$1,615.0$2,037.35.9%1.0%26.1%
Total All224,505100%$2,829.2$2,966.4$3,026.8$3,026.84.8%2.0%0.0%
Amount of Payments (through 2nd qt)
Sector# of Firms in FY15% of total amountFY16FY17FY18FY19FY20FY17FY18FY19FY20
Public Sector 10018%$1,008.6$1,039.4$1,080.9$1,138.0$1,204.4PUB3.0%4.0%5.3%5.8%
Education and Health Services3009%$444.3$471.9$501.6$538.2$557.2EHS6.2%6.3%7.3%3.5%
Federal Contractors2444%$222.4$217.5$208.6$227.3$231.0FED-2.2%-4.1%8.9%1.6%
Professional and Business Services7193%$174.9$177.6$193.1$206.3$219.9PBS1.6%8.7%6.9%6.6%
Finance1703%$158.1$164.2$178.9$187.3$203.1FIN3.8%9.0%4.7%8.4%
Investment2243%$120.8$130.4$139.2$162.5$180.1INV8.0%6.7%16.8%10.8%
Manufacturing2321%$81.2$71.1$78.5$88.3$86.1MAN-12.3%10.3%12.5%-2.5%
Transportation591%$60.9$64.4$68.1$70.7$66.1TRN5.8%5.7%3.8%-6.5%
Housing1881%$47.6$46.1$57.3$54.4$61.6HOU-3.2%24.3%-5.1%13.3%
Other5683%$201.0$204.0$212.6$271.3$228.51.5%4.2%27.6%-15.8%
0%
Total Large Payers 2,80446%$2,519.8$2,586.8$2,718.8$2,944.3$3,038.12.7%5.1%8.3%3.2%
Total Small Payers 221,70154%$2,976.0$3,156.6$3,196.1$3,235.9$3,513.16.1%1.3%1.2%8.6%
Total All224,505100%$5,495.8$5,743.4$5,914.9$6,180.2$6,551.24.5%3.0%4.5%6.0%
Amount of Payments (3rd Quarter) Growth (3rd Quarter)
Sector# of Firms in FY15% of total amountFY16FY17FY18FY17FY18
Public Sector 22416%$525.4$552.3$565.5PUB5.1%2.4%
Education and Health Services2327%$227.7$248.7$253.1EHS9.2%1.8%
Federal Contractors594%$144.0$138.6$151.0FED-3.7%8.9%
Finance1224%$121.2$133.3$147.3FIN10.0%10.5%
Professional and Business Services1884%$114.6$126.9$124.8PBS10.7%-1.6%
Investment753%$70.2$83.8$93.5INV19.5%11.6%
Manufacturing602%$56.3$56.3$59.9MAN-0.1%6.5%
Transportation591%$35.6$40.3$42.3TRN13.3%5.0%
Housing751%$32.5$34.6$38.3HOU6.5%10.7%
Other2445%$144.2$149.6$155.63.8%4.0%
Total Large Payers 1,33847%$1,471.7$1,564.4$1,631.36.3%4.3%
Total Small Payers 223,16753%$1,557.4$1,666.9$1,809.87.0%8.6%
Total All224,505100%$3,029.1$3,231.3$3,441.16.7%6.5%
Amount of Payments (through 3rd qt)
Sector# of Firms in FY15% of total amountFY16FY17FY18FY19FY20FY17FY18FY19FY20
Public Sector 10018%$1,534.1$1,591.7$1,646.4$1,707.5$1,772.5PUB11003.8%3.4%3.7%3.8%
Education and Health Services3008%$672.0$720.6$754.7$797.9$836.0EHS13007.2%4.7%5.7%4.8%
Federal Contractors2444%$366.4$356.1$359.6$382.3$381.9FED1244-2.8%1.0%6.3%-0.1%
Finance1704%$279.3$297.4$326.2$341.5$370.4FIN11706.5%9.7%4.7%8.5%
Professional and Business Services7194%$289.5$304.5$317.9$350.7$367.8PBS17195.2%4.4%10.3%4.9%
Investment2243%$191.0$214.3$232.7$261.0$296.2INV122412.2%8.6%12.2%13.5%
Manufacturing2321%$137.5$127.4$138.4$145.3$142.9MAN1232-7.3%8.6%5.0%-1.7%
Transportation591%$96.4$104.7$110.4$113.6$107.2TRN1598.6%5.4%2.9%-5.6%
Housing1881%$80.1$80.7$95.6$96.7$104.9HOU11880.7%18.5%1.1%8.5%
Other6814%$380.9$389.0$405.2$447.9$440.1WTR11222.1%4.2%10.5%-1.7%
Total Large Payers 2,91748%$4,027.1$4,186.5$4,387.2$4,644.3$4,819.74.0%4.8%5.9%3.8%
Total Small Payers 221,58852%$4,497.8$4,788.2$4,968.8$5,017.2$5,302.46.5%3.8%1.0%5.7%
Total All224,505100%$8,524.9$8,974.7$9,356.0$9,661.5$10,122.25.3%4.2%3.3%4.8%
Amount of Payments (through 4th qt)
Sector# of Firms in FY16% of total amountFY16FY17FY18FY19FY20FY17FY18FY19FY20
Public Sector 10018%$2,035.4$2,095.5$2,178.4$2,273.4$2,347.1PUB11003.0%4.0%4.4%3.2%
Education and Health Services3008%$898.8$965.9$1,011.8$1,069.0$1,099.5EHS13007.5%4.8%5.6%2.9%
Federal Contractors2444%$476.9$467.3$478.3$501.3$494.5FED1244-2.0%2.4%4.8%-1.4%
Professional and Business Services7194%$370.7$390.9$403.1$460.1$477.1PBS17195.5%3.1%14.1%3.7%
Finance1704%$357.2$379.7$412.9$436.6$475.7FIN11706.3%8.7%5.7%9.0%
Investment2243%$246.7$270.6$297.1$332.5$364.6INV12249.7%9.8%11.9%9.7%
Manufacturing2321%$175.9$164.1$182.4$189.6$184.6MAN1232-6.7%11.2%3.9%-2.6%
Transportation591%$128.1$137.1$144.2$145.1$138.4TRN1597.0%5.2%0.6%-4.6%
Housing1881%$104.2$106.7$122.4$127.0$131.7HOU11882.4%14.7%3.8%3.7%
Other6814%$491.4$504.3$529.0$580.3$570.5WTR11222.6%4.9%9.7%-1.7%
Total Large Payers 2,91747%$5,285.1$5,482.0$5,759.8$6,114.8$6,283.73.7%5.1%6.2%2.8%
Total Small Payers 221,58853%$6,021.2$6,413.4$6,780.8$6,873.0$7,094.36.5%5.7%1.4%3.2%
Total All224,505$11,306.3$11,895.4$12,540.5$12,987.9$13,378.15.2%5.4%3.6%3.0%
4th QTR
Sector# of Firms in FY16% of total amountFY16FY17FY18FY19FY20INDUSTRY_TYPE__FREQ_FY17FY18FY19FY20
Public Sector 10018%$501.3$503.7$532.0$565.9$574.6PUB11000.5%5.6%6.4%1.5%
Education and Health Services3008%$226.8$245.3$257.2$271.1$263.4EHS13008.1%4.8%5.4%-2.8%
Federal Contractors2443%$110.5$111.2$118.7$119.0$112.7FED12440.7%6.7%0.2%-5.3%
Professional and Business Services7193%$81.2$86.3$85.2$109.4$109.3PBS17196.4%-1.3%28.4%-0.1%
Finance1703%$77.9$82.3$86.7$95.1$105.3FIN11705.6%5.4%9.7%10.7%
Investment2242%$55.8$56.4$64.4$71.5$68.5INV12241.1%14.2%11.0%-4.2%
Manufacturing2321%$38.4$36.7$44.0$44.3$41.7MAN1232-4.5%20.2%0.6%-5.8%
Transportation591%$31.6$32.3$33.8$31.5$31.2TRN1592.3%4.5%-6.7%-1.1%
Housing1881%$24.1$26.0$26.7$30.3$26.9HOU11887.8%3.0%13.3%-11.4%
Other6814%$110.5$115.3$123.8$132.4$130.5RTR1594.3%7.4%7.0%-1.5%
Total Large Payers 2,91745%$1,258.0$1,295.5$1,372.6$1,470.5$1,464.03.0%5.9%7.1%-0.4%
Total Small Payers 221,58855%$1,523.4$1,625.2$1,811.9$1,855.9$1,791.96.7%11.5%2.4%-3.4%
Total All224,505$2,781.5$2,920.7$3,184.5$3,326.4$3,255.95.0%9.0%4.5%-2.1%
20142,617,54010,484,214
20152,794,67211,044,333
20162,781,46011,306,317
20172,920,67811,895,374
20183,184,53412,540,508
20193,326,37912,987,858
20203,255,91113,378,064
Summary
1st Quarter
INDUSTRY_TYPE__FREQ_FY16FY17FY18FY19FY20INDUSTRY_TYPE__FREQ_FY16FY17FY18FY19FY20
AGR18- 0- 0- 0- 0- 0PUB1100514,665,837532,014,569561,281,245579,186,281592,324,160
APP1132,220,0431,448,9212,105,4212,395,2222,432,568EHS1300208,095,398221,648,223234,375,206253,554,816261,239,502
CON11277,545,7516,844,6178,856,7889,092,8299,793,327FED1244111,953,029109,238,073103,575,774113,811,603105,860,647
EHS1300208,095,398221,648,223234,375,206253,554,816264,060,753FIN117078,083,83876,855,67881,693,30989,421,17892,787,373
ENE16015,167,14314,550,37212,547,56414,781,91314,698,394PBS171981,086,61677,735,95590,940,48693,593,53991,610,963
FED1244111,953,029109,238,073103,575,774113,811,603109,510,254INV122453,102,25555,039,43557,088,91967,059,22670,353,273
FIN117078,083,83876,855,67881,693,30989,421,17893,476,492MAN123240,950,35434,753,34737,592,84941,639,75741,525,046
GAS13310,335116,732113,115123,198144,906TRN15929,703,62831,545,72132,517,75534,600,74233,118,936
GRO1135,718,9587,098,5228,002,0469,230,2606,845,718HOU118823,221,52521,776,52028,754,25725,779,92630,397,499
HOU118823,221,52521,776,52028,754,25725,779,92630,739,825WTR112220,230,90319,421,27019,490,26021,682,50121,999,257
INF17511,551,10712,658,42711,001,71513,526,39412,107,461WAL1413,202,32714,120,22414,476,83214,909,62014,842,650
INV122453,102,25555,039,43557,088,91967,059,22672,122,891ENE16015,167,14314,550,37212,547,56414,781,91314,698,394
LHS1285,737,6975,395,2047,160,7929,492,2118,870,049TEL17515,261,27714,672,15613,626,31612,845,40213,155,806
MAN123240,950,35434,753,34737,592,84941,639,75742,298,467RTR15912,247,74811,136,11612,165,50414,104,18812,624,264
MIN17543,572338,457323,869138,514415,244INF17511,551,10712,658,42711,001,71513,526,39410,517,175
OTS1391,280,6481,299,6702,286,1572,140,8662,732,573CON11277,545,7516,844,6178,856,7889,092,8299,793,327
PBS171981,086,61677,735,95590,940,48693,593,53995,945,235LHS1285,737,6975,395,2047,160,7929,492,2118,452,608
PUB1100514,665,837532,014,569561,281,245579,186,281592,804,228GRO1135,718,9587,098,5228,002,0469,230,2605,406,484
RES119219,621780,0041,324,2933,139,3503,292,155RES119219,621780,0041,324,2933,139,3503,292,155
RNL18378,529415,819489,934512,696563,555TOB1123,549,4422,132,3572,278,5942,157,6343,091,009
RTR15912,247,74811,136,11612,165,50414,104,18813,288,445OTS1391,280,6481,299,6702,286,1572,140,8662,520,027
TEL17515,261,27714,672,15613,626,31612,845,40213,155,806APP1132,220,0431,448,9212,105,4212,395,2222,432,568
TOB1123,549,4422,132,3572,278,5942,157,6343,091,009RNL18378,529415,819489,934512,696563,555
TRN15929,703,62831,545,72132,517,75534,600,74233,118,936MIN17543,572338,457323,869138,514415,244
UND19- 0- 0- 0- 0- 0GAS13310,335116,732113,115123,198144,906
WAL1413,202,32714,120,22414,476,83214,909,62014,842,650AGR18- 0- 0- 0- 0- 0
WTR112220,230,90319,421,27019,490,26021,682,50121,999,257UND19- 0- 0- 0- 0- 0
other681115,165,102112,428,867116,249,201130,272,796123,949,430
Through 2nd Qt
INDUSTRY_TYPE__FREQ_FY16FY17FY18FY19FY20INDUSTRY_TYPE__FREQ_FY16FY17FY18FY19FY20
AGR18340,000459,000520,000- 0165,000PUB11001,008,636,5111,039,395,9481,080,937,614959,212,8761,204,399,733
APP1134,556,0183,825,3764,543,7214,199,7875,112,925EHS1300444,272,027471,939,306501,550,580438,775,790557,222,738
CON112717,358,14518,345,64522,219,28015,568,32223,788,646FED1244222,448,395217,511,038208,628,381188,553,373231,012,987
EHS1300444,272,027471,939,306501,550,580438,775,790557,222,738PBS1719174,860,147177,635,859193,065,713161,949,134219,947,087
ENE16031,876,20930,690,76729,334,64024,293,51129,212,984FIN1170158,100,900164,168,408178,923,674152,681,194203,094,965
FED1244222,448,395217,511,038208,628,381188,553,373231,012,987INV1224120,823,577130,441,872139,153,436119,946,987180,120,842
FIN1170158,100,900164,168,408178,923,674152,681,194203,094,965MAN123281,152,45971,140,47078,501,23873,257,39586,094,106
GAS13310,335220,593229,815240,363406,429TRN15960,879,94464,440,46368,130,30857,722,56366,111,902
GRO11313,494,31314,766,06415,727,69916,205,59316,551,990HOU118847,603,24046,098,02957,298,92046,420,67161,641,986
HOU118847,603,24046,098,02957,298,92046,420,67161,641,986RTR15928,149,88828,064,70332,103,01426,989,27732,051,550
INF17522,253,39224,993,46122,526,76822,673,06329,687,626INF17522,253,39224,993,46122,526,76822,673,06329,687,626
INV1224120,823,577130,441,872139,153,436119,946,987180,120,842WAL1425,857,93327,786,88028,304,86224,618,65129,338,049
LHS12814,329,93614,067,71515,382,94315,562,03817,594,402ENE16031,876,20930,690,76729,334,64024,293,51129,212,984
MAN123281,152,45971,140,47078,501,23873,257,39586,094,106TEL17529,338,77727,806,64126,769,60521,593,80424,493,780
MIN171,463,4811,341,3491,017,939138,514954,338CON112717,358,14518,345,64522,219,28015,568,32223,788,646
OTS1393,782,2374,119,6614,811,2724,779,7075,803,007LHS12814,329,93614,067,71515,382,94315,562,03817,594,402
PBS1719174,860,147177,635,859193,065,713161,949,134219,947,087GRO11313,494,31314,766,06415,727,69916,205,59316,551,990
PUB11001,008,636,5111,039,395,9481,080,937,614959,212,8761,204,399,733RES1191,391,0012,442,2023,596,1605,903,5906,719,890
RES1191,391,0012,442,2023,596,1605,903,5906,719,890TOB1125,905,7794,455,6154,662,1273,850,5135,825,956
RNL18593,742643,653810,676629,064784,524OTS1393,782,2374,119,6614,811,2724,779,7075,803,007
RTR15928,149,88828,064,70332,103,01426,989,27732,051,550APP1134,556,0183,825,3764,543,7214,199,7875,112,925
TEL17529,338,77727,806,64126,769,60521,593,80424,493,780MIN171,463,4811,341,3491,017,939138,514954,338
TOB1125,905,7794,455,6154,662,1273,850,5135,825,956RNL18593,742643,653810,676629,064784,524
TRN15960,879,94464,440,46368,130,30857,722,56366,111,902GAS13310,335220,593229,815240,363406,429
UND19- 0- 0- 0- 0- 0AGR18340,000459,000520,000- 0165,000
WAL1425,857,93327,786,88028,304,86224,618,65129,338,049UND19- 0- 0- 0- 0- 0
WTR112235,661,90735,290,57237,121,73832,674,73939,733,738UND19- 0- 0- 0- 0
568201,001,188204,029,325212,560,521187,245,796228,491,097
2nd Qt
INDUSTRY_TYPE__FREQ_FY16FY17FY18FY19FY20INDUSTRY_TYPE__FREQ_FY16FY17FY18FY19FY20
AGR18340,000459,000520,000- 0165,000PUB1100493,970,674507,381,379519,656,369380,026,595611,595,504
APP1132,335,9752,376,4562,438,3001,804,5662,680,358EHS1300236,176,629250,291,083267,175,373185,220,975293,161,985
CON11279,812,39411,501,02813,362,4936,475,49313,995,319PBS171993,773,53199,899,904102,125,22768,355,595124,001,852
EHS1300236,176,629250,291,083267,175,373185,220,975293,161,985FED1244110,495,366108,272,965105,052,60874,741,770121,502,732
ENE16016,709,06616,140,39516,787,0759,511,59814,514,589FIN117080,017,06287,312,73097,230,36563,260,016109,618,473
FED1244110,495,366108,272,965105,052,60874,741,770121,502,732INV122467,721,32275,402,43782,064,51752,887,761107,997,951
FIN117080,017,06287,312,73097,230,36563,260,016109,618,473MAN123240,202,10536,387,12440,908,38931,617,63843,795,639
GAS13- 0103,861116,700117,165261,523TRN15931,176,31632,894,74235,612,55323,121,82132,992,966
GRO1137,775,3557,667,5417,725,6536,975,3339,706,272HOU118824,381,71524,321,50928,544,66320,640,74630,902,161
HOU118824,381,71524,321,50928,544,66320,640,74630,902,161RTR15915,902,14016,928,58719,937,51012,885,08918,763,105
INF17510,702,28512,335,03411,525,0539,146,66917,580,165WTR112234,963,86433,898,16117,631,47810,992,23817,734,481
INV122467,721,32275,402,43782,064,51752,887,761107,997,951INF17510,702,28512,335,03411,525,0539,146,66917,580,165
LHS1288,592,2398,672,5118,222,1516,069,8288,724,353ENE16016,709,06616,140,39516,787,0759,511,59814,514,589
MAN123240,202,10536,387,12440,908,38931,617,63843,795,639WAL1412,655,60613,666,65613,828,0309,709,03114,495,399
MIN17919,9091,002,892694,070- 0539,095CON11279,812,39411,501,02813,362,4936,475,49313,995,319
OTS1392,501,5892,819,9912,525,1152,638,8423,070,434TEL17514,077,50013,134,48513,143,2898,748,40211,337,974
PBS171993,773,53199,899,904102,125,22768,355,595124,001,852GRO1137,775,3557,667,5417,725,6536,975,3339,706,272
PUB1100493,970,674507,381,379519,656,369380,026,595611,595,504LHS1288,592,2398,672,5118,222,1516,069,8288,724,353
RES1191,171,3791,662,1992,271,8672,764,2403,427,736RES1191,171,3791,662,1992,271,8672,764,240