Monthly Letter to the Governor - STATE OF CONNECTICUT GENERAL FUND, OCTOBER 2002 - Exhibit J
STATE OF CONNECTICUT GENERAL FUND
STATEMENT OF ESTIMATED AND REALIZED REVENUE
FOR THE FOUR MONTHS ENDED OCTOBER 31, 2002
(In Thousands)
Exhibit J

COMPTROLLER
Increases
Estimated or Revised Realized Unrealized
Revenue (Decreases) Estimates Revenue Revenue

TAXES
Personal Income $ 4,553,000 $ (305,000) $ 4,248,000 $ 871,570 $ 3,376,430
Sales and Use 3,141,300 (41,300) 3,100,000 535,537 2,564,463
Corporations 470,400 29,600 500,000 117,133 382,867
Inheritance and Estate 143,500 16,500 160,000 77,033 82,967
Insurance Companies 218,000 6,800 224,800 39,887 184,913
Public Service Corporations 172,900 (2,100) 170,800 393 170,407
Cigarettes and Tobacco 237,000 4,500 241,500 66,843 174,657
Real Estate Conveyance 111,000 7,000 118,000 50,975 67,025
Oil Companies 77,500 - 77,500 6,965 70,535
Alcoholic Beverages 42,000 - 42,000 7,366 34,634
Admissions, Dues and Cabaret 28,500 (800) 27,700 8,877 18,823
Miscellaneous 37,900 (9,000) 28,900 2,452 26,448
Totals 9,233,000 (293,800) 8,939,200 1,785,031 7,154,169
Less Refunds of Taxes (794,600) 7,600 (787,000) (125,744) (661,256)
Less R & D Credit Exchange (14,000) - (14,000) (3,505) (10,495)
Net Taxes 8,424,400 (286,200) 8,138,200 1,655,782 6,482,418

OTHER REVENUE

Transfers - Special Revenue 273,000 (4,100) 268,900 72,434 196,466
Indian Gaming Payments 399,000 (5,000) 394,000 102,911 291,089
Licenses, Permits and Fees 128,500 2,500 131,000 32,566 98,434
Sales of Commodities and Services 31,000 (100) 30,900 10,819 20,081
Rents, Fines and Escheats 88,400 (5,200) 83,200 6,686 76,514
Investment Income 28,000 (9,900) 18,100 2,829 15,271
Miscellaneous 121,000 (7,500) 113,500 36,847 76,653
Total Other Revenue 1,068,900 (29,300) 1,039,600 265,092 774,508
Less Refunds of Payments (500) - (500) (121) (379)
Net Other Revenue 1,068,400 (29,300) 1,039,100 264,971 774,129

OTHER SOURCES

Federal Grants 2,303,200 49,700 2,352,900 783,114 1,569,786
Transfer to the Resources of the General Fund 284,100 - 284,100 179,961 104,139
Transfer from Tobacco Settlement Fund 133,000 - 133,000 7,097 125,903
Transfers to Pequot/Mohegan Fund (121,200) - (121,200) - (121,200)
Total Other Sources 2,599,100 49,700 2,648,800 970,172 1,678,628

Total Budgeted Revenue 12,091,900 (265,800) 11,826,100 2,890,925 8,935,175
Restricted Federal and Other Revenue-
Net of Inter-Agency Transfers 796,822 494,033 1,290,855 338,033 952,822
Totals $ 12,888,722 $ 228,233 $ 13,116,955 $ 3,228,958 $ 9,887,997

 

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