Dept. of Revenue: Collections, Fiscal Year 2018

CONTACT: Patty Mayers, Communications Director
(608) 266-2300 or DORCommunications@wisconsin.gov

General Purpose Revenue (GPR) Collections, FY2018
Fiscal Year 2018 Unaudited Final
Amounts in Thousands ($), rounded
 Actual

Fiscal Year 2017

LFB

Estimate

Jan 2018

Preliminary       FY 2018Variance From Estimate
     
Individual Income  8,039,508 8,380,000 8,479,150    99,150
     
General Sales and Use  5,223,933 5,464,900 5,448,118   (16,782)
     
Corporate Income/Franchise     920,947     950,000     893,892   (56,108)
     
Public Utility     360,473     359,000     365,343      6,343
     
Excise Taxes     705,681     690,900     679,979   (10,921)
Cigarette     564,199     548,000     538,898     (9,102)
Tobacco Products       80,279       82,000       80,202     (1,798)
Liquor and Wine       52,078       52,000       51,970          (30)
Beer         9,125         8,900         8,909             9
     
Insurance     181,584     190,000     186,272     (3,728)
     
Miscellaneous       85,459       91,000       91,412         412
     
Total15,517,58516,125,80016,144,166     18,366

General purpose revenue (GPR) tax collections increased 4.0% in fiscal year 2018 (FY17) to $16,144.2 million.  This is 0.12% more than the Legislative Fiscal Bureau’s January 2018 estimate, adjusted for subsequent law changes, of $16,125.8 million.

These are unaudited figures subject to final review by the State Controller’s Office prior to the publication of the Department of Administration’s Annual Fiscal Report to be released October 15, 2018.  Additionally, the Legislative Audit Bureau performs an audit of the State’s Comprehensive Annual Financial Report which is published in December of each year.

These collections do not offer guidance on the budget balance for FY18.  Other general purpose revenues and the final general purpose revenue expenditures will have substantial bearing on the final budget balance.

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