Department of Revenue Collections, May FY2023
General Purpose Revenue ($ in thousands - rounded)
| Collections for Month | Collections to Date | |||||
| Revenue Source | FY22 | FY23 | % change | FY22 | FY23 | % change |
| Individual Income | 840,920 | 865,691 | 2.9% | 7,955,743 | 8,062,974 | 1.3% |
| Adjusted | 536,326 | 599,304 | 11.7% | 7,955,743 | 8,062,974 | 1.3% |
| General Sales & Use | 576,065 | 603,060 | 4.7% | 5,644,771 | 6,079,294 | 7.7% |
| Corporate | 75,013 | 52,532 | -30.0% | 2,413,180 | 2,237,906 | -7.3% |
| Excise Taxes | 50,059 | 45,499 | -9.1% | 542,176 | 503,530 | -7.1% |
| Other | 219,143 | 235,715 | 7.6% | 501,434 | 500,624 | -0.2% |
| Total GPR | 1,761,201 | 1,802,497 | 2.3% | 17,057,304 | 17,384,329 | 1.9% |
| Adjusted | 1,456,607 | 1,536,110 | 5.5% | 17,057,304 | 17,384,329 | 1.9% |
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:
- In both fiscal year FY22 and FY23, the adjusted lines for the Collections for the month exclude withholding that was received on the first working days of May, rather than the last day of April, which was a weekend. Collections to date for both years were not impacted.
- Individual Income includes 61.2% of pass-thru withholding. Corporate Income includes the remaining 38.8%.
- The Other category includes estate, utility, and real estate transfer tax collections.
- Total does not include insurance premium taxes.
- 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.
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