DOR Fiscal Year 2025 Collections
Department of Revenue Collections, Fiscal Year 2025
| FY2025 General Purpose Revenues (GPR) | ||||||
| Preliminary Fiscal Year 2025 | ||||||
| Amounts in Thousands ($), rounded | ||||||
| Actual Fiscal Year 2024 | LFB Estimate May 2025* | Preliminary
FY 2025 |
Variance From Estimate | |||
| Individual Income | 9,717,592 | 10,420,000 | 10,451,080 | 31,080 | ||
| General Sales and Use | 7,587,476 | 7,825,000 | 7,831,576 | 6,576 | ||
| Corporate Income/Franchise | 2,702,069 | 2,710,000 | 2,761,733 | 51,733 | ||
| Public Utility | 399,525 | 384,000 | 387,513 | 3,513 | ||
| Excise Taxes** | 571,787 | 545,300 | 542,011 | (3,289) | ||
| Cigarette | 402,705 | 371,000 | 369,646 | (1,354) | ||
| Tobacco Products | 85,670 | 86,000 | 82,970 | (3,030) | ||
| Vapor Products | 7,105 | 7,100 | 8,070 | 970 | ||
| Liquor and Wine | 68,274 | 73,000 | 72,871 | (129) | ||
| Beer | 8,033 | 8,200 | 8,406 | 206 | ||
| Insurance | 242,578 | 275,000 | 268,785 | (6,215) | ||
| Miscellaneous | 108,531 | 115,000 | 119,948 | 4,948 | ||
| Total | 21,329,558 | 22,274,300 | 22,362,645 | 88,345 | ||
*This is the GPR estimate published by the Legislative Fiscal Bureau (LFB) on May 15, 2025.
** Excise taxes also include the Operator’s Permit Fees, which totaled $47K in FY25.
General purpose revenues (GPR) increased 4.8% in fiscal year 2025 (FY25) to $22,362.6 million. This is 0.4% more than the Legislative Fiscal Bureau’s May 15, 2025 estimate of $22,274.3 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, 2025. Additionally, the Legislative Audit Bureau performs an audit of the State’s Annual Comprehensive Financial Report which is published in December of each year.
These collections do not offer guidance on the budget balance for FY25. Other general purpose revenues and the final general purpose revenue expenditures will have substantial bearing on the final budget balance.
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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