From: The Federation of Connecticut Taxpayer Organizations
From: The Federation of
Connecticut Taxpayer Organizations
Contact: Susan Kniep, President
Website: http://ctact.org/
Email: fctopresident@aol.com
Telephone: 860-841-8032
The Federation of Connecticut
Taxpayer Organizations Provides Below
The following headlines could be appearing in
States throughout the country as school administrators attempt to bring their
failing schools into compliance with Federal Laws governing education when
unions refuse to cooperate.
As the Federation of CT
Taxpayer Organizations continues to provide taxpayers with greater transparency of their government, we offer below a delineation ofState Revenues
by Fund, Tax Type and Account with Variances
for Fiscal Years 2007 and 2008 as well as the first six months of Fiscal Years
2008 and 2009.A fiscal year runs from
July 1 to June 30 of any given year.
We extend our sincere appreciation to Bob Young, FCTO’s secretary and treasurer, for the time he dedicated
to assembling this information.
STATE REVENUES
Column 1
Column 2
Variance Between
For Fiscal Year
2007 to 2008 and
Fiscal Year 2008 to 2009
July 1, 2007 to June
30, 2008
July 1, 2008 toJune 30, 2009
Column 1 and
Column 2
Personal Income Tax
7,512,688,283.97
6,385,856,437.34
(1,126,831,846.63)
Sales and Use Tax
3,582,316,851.96
3,318,752,207.10
(263,564,644.86)
Corporate Tax
733,941,983.64
615,920,501.40
(118,021,482.24)
Public Service Corp.
Tax
237,112,561.53
268,494,765.26
31,382,203.73
Inheritance &
Estate Tax
170,618,814.01
238,336,664.40
67,717,850.39
Insurance Co. Tax
227,220,954.45
202,217,263.61
(25,003,690.84)
Cigarette Tax
335,196,664.84
317,774,452.53
(17,422,212.31)
Real Estate Tax
158,544,197.49
90,802,186.34
(67,742,011.15)
Petroleum Co. Tax
333,283,239.58
246,313,157.20
(86,970,082.38)
Alcoholic Beverage Tax
47,077,475.14
47,064,447.58
(13,027.56)
Amusement Tax
37,276,885.78
36,040,020.40
(1,236,865.38)
Miscellaneous Tax
139,979,799.20
143,304,957.88
3,325,158.68
Refund of Tax
(859,183,335.21)
(1,058,371,073.16)
(199,187,737.95)
R & D Credit
Exchange
(11,362,506.74)
(8,428,079.14)
2,934,427.60
Transfer Special
Revenue
287,603,606.89
287,195,242.81
(408,364.08)
Casino Gaming Payments
411,409,920.00
377,804,963.34
(33,604,956.66)
Licenses, Permits &
Fees
323,434,156.34
305,128,457.37
(18,305,698.97)
Sales Commodities &
Services
30,066,553.05
32,535,999.02
2,469,445.97
Rents, Fines &
Escheats
59,117,352.01
63,760,343.74
4,642,991.73
Investment Income
100,498,044.23
34,388,995.33
(66,109,048.90)
Miscellaneous Revenue
139,381,059.04
164,987,568.54
25,606,509.50
Refund of Payments
(3,220,301.08)
(3,096,150.97)
124,150.11
Federal Grants
2,698,396,709.86
3,622,963,145.99
924,566,436.13
Transfers from Others
115,300,000.00
115,800,000.00
500,000.00
Transfers to Others
(92,800,000.00)
(92,800,000.00)
0.00
Unknown
812,101.77
5,146.40
(806,955.37)
Motor Fuels Tax
492,122,767.70
492,024,643.60
(98,124.10)
Motor Vehicle Receipts
225,524,481.80
220,780,734.46
(4,743,747.34)
Motor Vehicle Sales Tax
64,863,384.46
57,133,714.34
(7,729,670.12)
Interest Income
Grand Total Revenue
17,497,221,705.71
16,522,690,712.71
(974,530,993.00)
STATE REVENUES
Column 1
Column 2
Variance Between
For the 1st Six Months of Fiscal Years 2008 and
2009
July 1, 2008 to Dec 31,
2008
July 1, 2009 to Dec 31,
2009
Column 1 and Column 2
Personal Income Tax
2,229,607,239.25
2,140,091,668.56
(89,515,570.69)
Sales and Use Tax
1,395,300,155.83
1,292,362,723.75
(102,937,432.08)
Corporate Tax
230,132,506.84
260,393,229.15
30,260,722.31
Public Service Corp. Tax
65,534,686.46
65,676,093.88
141,407.42
Inheritance & Estate Tax
157,786,384.34
61,675,565.58
(96,110,818.76)
Insurance Co. Tax
65,430,159.19
64,033,517.38
(1,396,641.81)
Cigarette Tax
149,179,155.80
175,637,447.32
26,458,291.52
Real Estate Tax
43,365,275.46
40,134,004.46
(3,231,271.00)
Petroleum Co. Tax
56,232,018.31
32,805,797.01
(23,426,221.30)
Alcoholic Beverage Tax
20,660,172.54
20,649,715.43
(10,457.11)
Amusement Tax
14,873,174.12
14,833,782.70
(39,391.42)
Miscellaneous Tax
43,653,853.18
43,294,735.60
(359,117.58)
Refund of Tax
(283,623,892.84)
(333,170,702.71)
(49,546,809.87)
R & D Credit Exchange
(3,511,885.80)
(4,004,446.85)
(492,561.05)
Transfer Special Revenue
136,797,927.85
135,192,341.88
(1,605,585.97)
Casino Gaming Payments
166,572,749.08
180,044,580.90
13,471,831.82
Licenses, Permits & Fees
75,081,910.85
79,997,071.30
4,915,160.45
Sales Commodities & Services
15,064,613.01
16,406,242.37
1,341,629.36
Rents, Fines & Escheats
5,793,887.70
91,851,365.19
86,057,477.49
Investment Income
18,104,229.14
4,000,363.57
(14,103,865.57)
Miscellaneous Revenue
89,859,951.87
88,296,139.04
(1,563,812.83)
Refund of Payments
(1,566,003.40)
(453,919.58)
1,112,083.82
Federal Grants
1,433,653,779.72
1,851,864,418.59
418,210,638.87
Transfers from Others
0.00
Transfers to Others
(3,250,000.00)
(4,313,311.48)
(1,063,311.48)
Unknown
3,516.30
1,194,168.74
1,190,652.44
Motor Fuels Tax
239,284,223.56
247,376,577.96
8,092,354.40
Motor Vehicle Receipts
122,520,539.93
126,519,080.55
3,998,540.62
Motor Vehicle Sales Tax
73,058,253.43
66,586,993.21
(6,471,260.22)
Interest Income
6,455,958.04
277,992.73
(6,177,965.31)
Grand Total Revenue
6,562,054,539.76
6,759,253,236.23
197,198,696.47
**************************
TIDBITS….
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