| STATEMENT OF REVENUES |
| ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION, |
| EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES |
| FISCAL YEAR 2024-25 |
| |
|
|
House of |
|
|
|
Representatives |
Conference |
|
Senate |
As Amended |
Committee |
|
Estimate |
Estimate |
Estimate |
|
FY 2024-25 |
FY 2024-25 |
FY 2024-25 |
|
April 24, 2024 |
May 8, 2024 |
June 21, 2024 |
| General Fund |
| Sales and Use Tax |
4,788,504,000 |
4,784,561,000 |
4,841,581,000 |
Individual Income Tax |
5,991,454,000 |
6,091,053,000 |
5,903,202,600 |
Corporate  Income Tax |
744,083,000 |
744,083,000 |
908,582,000 |
| Insurance Taxes |
410,636,000 |
410,636,000 |
390,484,000 |
| Admissions Tax |
44,315,000 |
41,315,000 |
41,315,000 |
| Alcoholic Liquor Tax |
123,253,000 |
123,253,000 |
123,253,000 |
| Bank Tax |
80,454,000 |
80,454,000 |
55,126,000 |
| Beer and Wine Tax |
113,739,000 |
113,739,000 |
113,739,000 |
| Business Filing Fees |
12,203,000 |
12,203,000 |
12,203,000 |
| Circuit & Family Court Fines |
6,191,000 |
6,191,000 |
6,004,000 |
| Corporation License Tax |
180,218,000 |
180,218,000 |
188,108,000 |
| Documentary Tax |
102,380,000 |
102,380,000 |
108,493,000 |
| Earned on Investments |
220,000,000 |
219,954,963 |
250,000,000 |
| Indirect Cost Recoveries |
17,984,000 |
17,984,000 |
16,121,000 |
| Motor Vehicle Licenses |
11,472,000 |
11,472,000 |
11,472,000 |
| Nursing Home Licenses/Fees |
3,000,000 |
3,000,000 |
2,968,000 |
| Parole & Probation Supervision Fees |
3,393,000 |
3,393,000 |
3,393,000 |
| Private Car Lines Tax |
6,278,000 |
6,278,000 |
6,576,000 |
| Public Service Authority |
17,807,000 |
17,807,000 |
19,028,000 |
| Purchase Card Rebates |
4,034,000 |
4,034,000 |
4,170,000 |
| Record Search Fees |
4,461,000 |
4,461,000 |
4,461,000 |
| Savings & Loan Association Tax |
1,215,000 |
1,215,000 |
1,215,000 |
| Security Dealer Fees |
37,904,000 |
37,904,000 |
37,904,000 |
| Tobacco Tax |
27,477,000 |
27,477,000 |
27,477,000 |
| |
| STATEMENT OF REVENUES |
| ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION, |
| EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES |
| FISCAL YEAR 2024-25 |
| |
|
|
House of |
Conference |
|
Senate |
Representatives |
Committee |
|
Estimate |
Estimate |
Estimate |
|
FY 2024-25 |
FY 2024-25 |
FY 2024-25 |
|
April 24, 2024 |
May 8, 2024 |
June 21, 2024 |
| Unclaimed Property Fund Transfer |
15,000,000 |
15,000,000 |
15,000,000 |
| Workers' Compensation Insurance Tax |
14,474,000 |
14,474,000 |
13,773,000 |
| Other Source Revenues |
15,677,000 |
15,367,001 |
15,943,000 |
| Total General Fund Revenues |
12,997,606,000 |
13,089,906,964 |
13,121,591,600 |
|
| Less: |
| Transfer to Tax Relief Trust Funds (11-11-150) |
(800,815,175) |
(800,815,175) |
(800,815,175) |
| Revenue Transferred to Recurring Appropriations |
99,599,000 |
|
99,599,000 |
| Revenue Transferred to Nonrecurring Appropriations |
|
|
(7,000,000) |
|
| Net General Fund Revenues |
12,296,389,825 |
12,282,091,789 |
12,420,375,425 |
|
| Education Improvement Act Fund Revenues |
1,253,231,000 |
1,252,245,000 |
1,258,557,000 |
|
| Transportation Fund Revenues |
2,614,786,203 |
2,614,786,203 |
2,614,786,203 |
|
| Education Lottery Account Revenues |
534,200,000 |
534,200,000 |
531,100,000 |
| FY 2022-23 Surplus Lottery Revenues |
18,365,453 |
18,365,453 |
18,365,453 |
| FY 2023-24 Projected Surplus Lottery Revenues |
8,100,000 |
8,100,000 |
34,800,000 |
| Total Education Lottery Account Revenues |
560,665,453 |
560,665,453 |
584,265,453 |
|
| Total Estimated Revenues (11-11-410) |
17,426,288,656 |
17,510,603,620 |
17,579,200,256 |
| |
|
Staff Portal
