The Independent Fiscal Office and state Department of Revenue have released August revenue reports. For the month of August, state General Fund collections totaled $2.5 billion and were $247.7 million (10.8 percent) higher than anticipated. The increase was largely due to the sales and use tax and personal income tax. 

Personal income tax collections for August were $876.1 million, $41 million (5.4 percent) above estimate. However, compared to August 2019, revenues declined by 3.1 percent.  

The Motor License Fund received $265.8 million in August, $0.9 million below estimate. Fiscal year collections to date (which only includes July and August) are $6.4 million, or 1.2 percent, above estimate. 

Click here for the Independent Fiscal Office report.  View the state Department of Revenue press release here.