Investor Presentaiton
2021-23 and 2023-25 BIENNIUM GENERAL FUND REVENUES
Compared to November Executive Forecast
OFFICE OF MANAGEMENT AND BUDGET
2021-23
November 2022
Executive Forecast
March 2023
Revised Forecast
Change
November 2022
Executive Forecast
2023-25 (Based on Current Law)
March 2023
Revised Forecast
Change
Tax Type
Sales and Use Tax
Motor Vehicle Excise Tax
Individual Income Tax
$2,070,186,286
300,759,073
$2,072,433,477
300,605,472
$2,247,191
(153,601)
$2,240,739,965
334,389,719
$2,253,038,333
$12,298,368
331,017,708
(3,372,011)
908,456,440
893,971,828
(14,484,612)
1,151,746,477
1,106,797,138
(44,949,339)
Corporate Income Tax
483,718,299
462,704,916
(21,013,383)
495,657,518
468,260,913
(27,396,605)
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
Wholesale Liquor Tax
19,812,374
19,891,278
78,904
20,268,633
19,919,584
(2,271,028)
(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
Miscellaneous
76,750,124
76,676,665
(73,459)
75,447,690
75,447,690
13,992,750
15,292,750
1,300,000
1,873,744
1,873,744
30,000,000
1,844,424
30,000,000
1,844,424
13,143,419
13,884,266
740,847
Total Revenues without Major Transfers
$4,582,967,362
$4,556,164,016
($26,803,346)
$5,024,740,349
$4,965,253,316
($59,487,033)
Note: For comparison purposes, the November 2022 executive forecast amounts for individual motor vehicle tax, income tax, corporate income tax, and oil and gas tax
allocations for the 2023-25 biennium have been adjusted to reflect current law.
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