State of Connecticut

GENERAL FUND

STATE OF CONNECTICUT GENERAL FUND
STATEMENT OF ESTIMATED AND REALIZED REVENUE
SCHEDULE B-2
FISCAL YEAR ENDED June 30, 2014
REALIZED
REVENUE
BUDGETED
REVENUE
REALIZED
OVER(UNDER)
BUDGETED
TAXES      
Personal Income $8,718,659,365 $8,808,800,000 $(90,140,635)
Sales and Use 4,100,564,309 4,044,000,000 56,564,309
Corporations 782,238,807 723,500,000 58,738,807
Public Service Corporations 293,303,223 279,600,000 13,703,223
Inheritance and Estate 168,075,202 173,200,000 (5,124,798)
Insurance Companies 240,666,066 271,200,000 (30,533,934)
Cigarettes and Tobacco 376,835,381 390,400,000 (13,564,619)
Real Estate Conveyance 180,511,353 143,800,000 36,711,353
Oil Companies 35,580,064 36,800,000 (1,219,936)
Electric Generation 15,315,188 17,500,000 (2,184,812)
Alcoholic Beverages 60,644,356 59,800,000 844,356
Admissions, Dues, and Cabaret 39,934,636 37,000,000 2,934,636
Miscellaneous 498,260,267 531,900,000 (33,639,733)
Totals 15,510,588,217 15,517,500,000 (6,911,783)
Less Refunds of Taxes (1,182,397,075) (1,178,000,000) (4,397,075)
Less R & D Credit Exchange (5,055,261) (5,500,000) 444,739
Net Taxes 14,323,135,881 14,334,000,000 (10,864,119)
       
OTHER REVENUE      
Transfers - Special Revenue 323,218,655 313,900,000 9,318,655
Indian Gaming Payments 279,873,064 285,300,000 (5,426,936)
Licenses, Permits, and Fees 314,721,492 301,200,000 13,521,492
Sales of Commodities and Services 40,522,773 38,200,000 2,322,773
Rents, Fines, and Escheats 130,874,559 114,550,000 16,324,559
Investment Income (335,457) 1,300,000 (1,635,457)
Miscellaneous 206,781,538 169,100,000 37,681,538
Total Other Revenue 1,295,656,624 1,223,550,000 72,106,624
Less Refunds of Payments (66,625,115) (69,800,000) 3,174,885
Net Other Revenue 1,229,031,509 1,153,750,000 75,281,509
       
OTHER SOURCES      
Federal Grants 1,243,860,948 1,312,700,000 (68,839,052)
Transfer from the Tobacco Settlement Fund 107,000,000 107,000,000 -
Transfer to the Resources of the General Fund 168,328,064 347,500,000 (179,171,936)
Transfers to the Pequot/Mohegan Fund (61,800,000) (61,800,000) -
GAAP Conversion Bonds Proceeds 598,500,000 - 598,500,000
Total Other Sources 2,055,889,012 1,705,400,000 350,489,012
       
Total Budgeted Revenue $17,608,056,402 $17,193,150,000 $414,906,402