SECTION 71
                          REVENUE

        ESTIMATE OF GENERAL, SCHOOL, TRANSPORTATION,
  EDUCATION IMPROVEMENT ACT AND EDUCATION LOTTERY REVENUES
                    FISCAL YEAR 2007-2008

REGULAR SOURCES:
  Retail Sales Tax                            2,600,152,000
  Income Tax (Total)                          3,212,387,947
    Individual                                2,927,383,170
    Corporation                                 285,004,777

    Total Income and Sales Tax                5,812,539,947

All Other Revenue
  Admissions Tax                                 26,188,809
  Aircraft Tax                                    4,821,373
  Alcoholic Liquor Tax                           55,079,396
  Bank Tax                                       32,848,283
  Beer and Wine Tax                             102,568,811
  Business License Tax                           33,337,578
  Coin-Operated Device Tax                        1,120,680
  Corporation License Tax                        79,191,884
  Departmental Revenue                           45,674,911
  Documentary Tax                                72,124,198
  Earned on Investments                         100,500,000
  Electric Power Tax                              6,485,879
  Insurance Tax                                 156,194,482
  Motor Transport Fees                               11,000
  Motor Vehicle Licenses                          6,939,215
  Private Car Lines Tax                           3,834,761
  Public Service Authority                       15,864,305
  Retailers' License Tax                            866,394
  Savings & Loan Association Tax                  3,885,901
  Workers' Compensation Insurance Tax            14,078,463

    Total All Other Revenue                     761,616,323

Total Regular Sources                         6,574,156,270

MISCELLANEOUS SOURCES:
  Circuit & Family Court Fines                    9,966,694
  Debt Service Reimbursement                      1,722,838
  Indirect Cost Recoveries                       18,052,819
  Mental Health Fees                              3,400,000
  Parole & Probation Supervision Fees             3,392,808
  Unclaimed Property Fund Transfer               12,000,000

Total Miscellaneous Sources                      48,535,159

  Total Regular and Miscellaneous Revenue     6,622,691,429

Other Sources:
  Balances Available from the Prior Year:
    BEA Certified FY 2006-07 Year-End Surplus   113,491,661
    Excess Debt Service Appropriation FY 2006-07  5,895,419
    Operating Transfer                              244,854

Total Other Sources                             119,631,934

Less: Transfer to General Reserve Fund         (19,048,978)

Total General Fund Revenue                    6,723,274,385

  Department of Transportation Revenue          998,899,010

  Education Improvement Act                     704,940,840

  Education Lottery Revenue                     266,400,000

  Revenue Earmarked for Tax Relief Trust Funds  507,846,331

  Total All Sources of Revenues               9,201,360,566

This web page was last updated on Tuesday, June 23, 2009 at 11:28 A.M.