State of Connecticut

GENERAL FUND

STATE OF CONNECTICUT GENERAL FUND
STATEMENT OF ESTIMATED AND REALIZED REVENUE
SCHEDULE B-2
FISCAL YEAR ENDED June 30, 2016
REALIZED
REVENUE
BUDGETED
REVENUE
REALIZED
OVER(UNDER)
BUDGETED
TAXES      
Personal Income $9,181,648,456 $9,834,400,000 $(652,751,544)
Sales and Use 4,181,851,794 4,121,100,000 60,751,794
Corporations 880,449,029 902,200,000 (21,750,971)
Public Service Corporations 289,893,949 308,000,000 (18,106,051)
Inheritance and Estate 221,821,138 173,400,000 48,421,138
Insurance Companies 238,843,242 243,800,000 (4,956,758)
Cigarettes and Tobacco 373,517,933 361,200,000 12,317,933
Real Estate Conveyance 196,497,929 194,700,000 1,797,929
Oil Companies 170,326 - 170,326
Alcoholic Beverages 63,113,342 61,700,000 1,413,342
Admissions, Dues, and Cabaret 39,330,800 38,300,000 1,030,800
Miscellaneous 718,849,956 697,700,000 21,149,956
Totals 16,385,987,894 16,936,500,000 (550,512,106)
Less Refunds of Taxes (1,223,198,208) (1,217,800,000) (5,398,208)
Less R & D Credit Exchange (7,623,243) (7,100,000) (523,243)
Net Taxes 15,155,166,443 15,711,600,000 (556,433,557)
       
OTHER REVENUE      
Transfers - Special Revenue 339,961,137 343,400,000 (3,438,863)
Indian Gaming Payments 265,906,540 258,800,000 7,106,540
Licenses, Permits, and Fees 296,501,817 308,500,000 (11,998,183)
Sales of Commodities and Services 43,453,909 38,000,000 5,453,909
Rents, Fines, and Escheats 141,741,259 126,000,000 15,741,259
Investment Income 909,612 2,500,000 (1,590,388)
Miscellaneous 179,820,357 171,300,000 8,520,357
Total Other Revenue 1,268,294,631 1,248,500,000 19,794,631
Less Refunds of Payments (60,336,138) (74,200,000) 13,863,862
Net Other Revenue 1,207,958,493 1,174,300,000 33,658,493
       
OTHER SOURCES      
Federal Grants 1,301,531,960 1,265,200,000 36,331,960
Transfer from the Tobacco Settlement Fund 110,600,000 106,600,000 4,000,000
Transfer to/from the Resources of the General Fund 67,253,406 (33,500,000) 100,753,406
Transfers to the Pequot/Mohegan Fund (61,687,907) (61,800,000) 112,093
Total Other Sources 1,417,697,459 1,276,500,000 141,197,459
       
Total Budgeted Revenue $17,780,822,395 $18,162,400,000 $(381,577,605)