Department of Revenue Collections, January FY2025

	Collections for Month			Collections to Date
Revenue Source	FY24	FY25	% change	FY24	FY25	% change
Individual Income	1,476,745	1,348,569	-8.7%	5,490,172	5,956,711	8.5%
Adjusted	1,149,742	1,251,709	8.9%
General Sales & Use	722,958	751,744	4.0%	3,911,793	4,027,230	3.0%
Corporate	157,362	167,407	6.4%	1,332,460	1,386,696	4.1%
Excise Taxes	42,789	44,855	4.8%	304,232	291,625	-4.1%
Other	(12,099)	(9,771)	-19.2%	258,276	257,581	-0.3%
Total GPR	2,387,756	2,302,804	-3.6%	11,296,934	11,919,843	5.5%
Adjusted	2,060,752	2,205,945	7.0%

This report includes general purpose revenue (GPR) taxes collected by the Wisconsin Department of Revenue and does not include taxes collected by the Office of the Commissioner of Insurance, administrative fees, and other miscellaneous revenues. Total General Fund tax collections are reported in the Department of Administration’s Report of Monthly General Fund Financial Information, which includes GPR and program revenue taxes collected by all state agencies.

Notes:

1. In both fiscal years, the adjusted lines exclude withholding that was received on the first working days of January, rather than the last day of December, which was a holiday and/or a weekend. Collections-to-Date were not impacted.

2. Individual Income includes 53.9% of pass-thru withholding. Corporate Income includes the remaining 46.1%.

3. The Other category includes estate, utility, and real estate transfer tax collections.

4. Total does not include insurance premium taxes.

5. This report is generated from the STAR Accounting System. Timing differences may cause the amounts in this report to differ from reports produced by the Department of Administration. All data are preliminary and unaudited.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.