Independent Fiscal Office, Revenue Release Positive February Revenue Numbers   

Independent Fiscal Office, Revenue Release Positive February Revenue Numbers   

The Independent Fiscal Office and state Department of Revenue have released February 2021   

revenue reports. State General Fund collections totaled $2.7 billion and were $509.7 million above the IFO’s revised estimates. The overage was the result of a temporary shift in personal income tax collections. Collection for the fiscal-year-to-date are higher than expected ($267.5 million, or 1.1% above estimate.) 

The Motor License Fund received $199.8 million in February, $22.9 million below estimate. The Motor License Fund includes liquid fuels taxes and other license, fine, and fee revenues. Motor License collections for the fiscal year-to-date total $1.8 billion, are only 2.1% below estimate.     

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

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