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 2018 | Variance 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 | |
| Total | 15,517,585 | 16,125,800 | 16,144,166 | 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.
