Investor Presentaiton
2021-23 and 2023-25 BIENNIUM GENERAL FUND REVENUES
Compared to January 2023 Legislative Estimate
OFFICE OF MANAGEMENT AND BUDGET
2021-23
January 2023
Legislative Estimate
March 2023
Revised Forecast
Change
January 2023
Legislative Estimate
2023-25 (Based on Current Law)
March 2023
Revised Forecast
Change
Tax Type
Sales and Use Tax
Motor Vehicle Excise Tax
Individual Income Tax
$2,074,400,000
297,300,000
911,900,000
Corporate Income Tax
436,600,000
462,704,916
$2,072,433,477 ($1,966,523)
300,605,472
3,305,472
893,971,828 (17,928,172)
26,104,916
$2,203,500,000
$2,253,038,333
$49,538,333
338,500,000
1,189,500,000
331,017,708
(7,482,292)
1,106,797,138
(82,702,862)
392,900,000
468,260,913
75,360,913
Insurance Premium Tax
126,799,744
130,725,520
3,925,776
132,499,378
139,052,009
6,552,631
Oil and Gas Tax
400,000,000
400,000,000
400,000,000
400,000,000
Gaming
36,801,316
36,801,316
37,300,000
37,300,000
Cigarette and Tobacco Tax
46,241,044
45,681,635
(559,409)
44,846,545
42,575,517
(2,271,028)
Wholesale Liquor Tax
19,812,374
19,891,278
78,904
20,268,633
19,919,584
(349,049)
Mineral Leasing Fees
84,432,749
85,621,149
1,188,400
60,000,000
60,000,000
Departmental Collections
Interest
Gas Tax Administration
76,750,124
76,676,665
(73,459)
75,447,690
75,447,690
13,992,750
15,292,750
1,300,000
30,000,000
30,000,000
1,873,744
Miscellaneous
Total Revenues without Major Transfers
13,143,419
1,873,744
13,884,266
1,844,424
1,844,424
740,847
$4,540,047,264
$4,556,164,016
$16,116,752
$4,926,606,670
$4,965,253,316
$38,646,646
Note: For comparison purposes, the March 2023 Reviesd Forecast amounts are based on current law and do not include statutory changes proposed in the executive
budget.
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