FY 2008 | FY 2009 | Misc Revenues

SOURCE: Governor Carcieri’s budget office as produced in the 2008 Spring Revenue Estimating Conference

FY 2008	Unaudited FY 2007	Enacted FY 2008		Nov 07 Consensus FY 2008		Budget		Senate		House		May 08 Consensus FY 2008
Personal Income Tax	$    1,065,367,487	#######	1.6%	$  1,048,100,000	-1.6%	$  1,063,700,000	-0.2%	$  1,065,600,000	0.0%	$  1,064,400,000	-0.1%	$    1,069,100,000	0.4%
General Business Taxes
Business Corporations	148,149,226	#######	12.9%	158,000,000	6.6%	156,500,000	5.6%	168,000,000	13.4%	151,400,000	2.2%	156,500,000	5.6%
Public Utilities Gross	102,109,351	#######	7.0%	104,000,000	1.9%	101,700,000	-0.4%	94,300,000	-7.6%	97,300,000	-4.7%	97,300,000	-4.7%
Financial Institutions	4,423,263	#######	-54.7%	(600,000)	-113.6%	1,200,000	-72.9%	1,200,000	-72.9%	1,200,000	-72.9%	1,200,000	-72.9%
Insurance Companies	56,624,296	#######	21.6%	71,600,000	26.4%	69,900,000	23.4%	63,500,000	12.1%	60,800,000	7.4%	63,500,000	12.1%
Bank Deposits	1,673,925	#######	-4.4%	1,700,000	1.6%	1,790,000	6.9%	1,700,000	1.6%	1,500,000	-10.4%	1,700,000	1.6%
Health Care Provider	47,969,855	#######	1.9%	52,300,000	9.0%	52,000,000	8.4%	52,600,000	9.7%	49,900,000	4.0%	50,900,000	6.1%
Sales and Use Taxes
Sales and Use	873,203,817	#######	4.1%	865,000,000	-0.9%	852,700,000	-2.3%	853,000,000	-2.3%	854,600,000	-2.1%	853,400,000	-2.3%
Motor Vehicle	46,878,903	#######	7.2%	44,500,000	-5.1%	42,700,000	-8.9%	45,800,000	-2.3%	45,200,000	-3.6%	45,200,000	-3.6%
Motor Fuel	1,311,762	#######	-16.1%	1,200,000	-8.5%	1,290,000	-1.7%	1,200,000	-8.5%	1,500,000	14.4%	1,290,000	-1.7%
Cigarettes	120,480,817	#######	-6.6%	119,100,000	-1.1%	116,300,000	-3.5%	118,400,000	-1.7%	118,100,000	-2.0%	118,100,000	-2.0%
Alcohol	10,705,751	#######	3.7%	11,000,000	2.7%	11,000,000	2.7%	10,800,000	0.9%	10,900,000	1.8%	10,900,000	1.8%
Other Taxes
Inheritance and Gift	34,683,979	#######	-13.2%	30,100,000	-13.2%	35,700,000	2.9%	36,000,000	3.8%	38,000,000	9.6%	38,000,000	9.6%
Racing and Athletics	2,921,166	#######	-11.0%	2,800,000	-4.1%	2,790,000	-4.5%	2,860,000	-2.1%	2,800,000	-4.1%	2,800,000	-4.1%
Realty Transfer	12,737,438	#######	8.3%	11,400,000	-10.5%	10,600,000	-16.8%	10,600,000	-16.8%	10,900,000	-14.4%	10,900,000	-14.4%
Total Taxes	2,529,241,036	#######	3.2%	2,520,200,000	-0.4%	2,519,870,000	-0.4%	2,525,560,000	-0.1%	2,508,500,000	-0.8%	2,520,790,000	-0.3%
Departmental Receipts	277,790,450	#######	30.6%	323,400,000	16.4%	367,060,000	32.1%	329,400,000	18.6%	357,500,000	28.7%	357,500,000	28.7%
Gas Tax Transfer	4,704,602	#######	-0.4%	4,685,000	-0.4%	4,527,000	-3.8%	4,535,000	-3.6%	4,685,000	-0.4%	4,630,000	-1.6%
Other Miscellaneous	86,894,512	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	180,970,000	108.3%
Lottery	320,989,832	#######	5.8%	349,500,000	8.9%	355,520,000	10.8%	358,700,000	11.7%	355,800,000	10.8%	356,800,000	11.2%
Unclaimed Property	11,456,513	#######	27.4%	16,000,000	39.7%	15,500,000	35.3%	15,500,000	35.3%	16,000,000	39.7%	15,500,000	35.3%
Total General Revenues	3,231,076,945	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	3,436,190,000	6.3%
Personal Income Tax
Estimated	224,927,417	#######	-6.3%	217,000,000	-3.5%	227,800,000	1.3%	233,900,000	4.0%	232,200,000	3.2%	232,200,000	3.2%
Finals	203,014,790	#######	8.6%	181,000,000	-10.8%	190,900,000	-6.0%	189,400,000	-6.7%	183,700,000	-9.5%	189,400,000	-6.7%
Refunds	(250,568,098)	#######	7.2%	(251,600,000)	0.4%	(260,900,000)	4.1%	(259,200,000)	3.4%	(254,000,000)	1.4%	(255,000,000)	1.8%
Withholding	891,621,513	#######	4.0%	905,000,000	1.5%	909,600,000	2.0%	905,000,000	1.5%	906,100,000	1.6%	906,100,000	1.6%
Net Accrual	(3,628,135)	#######	98.4%	(3,300,000)	-9.0%	(3,700,000)	2.0%	(3,500,000)	-3.5%	(3,600,000)	-0.8%	(3,600,000)	-0.8%
Total	1,065,367,487	#######	1.6%	1,048,100,000	-1.6%	1,063,700,000	-0.2%	1,065,600,000	0.0%	1,064,400,000	-0.1%	1,069,100,000	0.4%
Health Care Provider
Group Homes	11,786,811	#######	4.4%	12,000,000	1.8%	12,000,000	1.8%	11,800,000	0.1%	11,900,000	1.0%	39,000,000	230.9%
Nursing Homes	36,183,044	#######	1.2%	40,300,000	11.4%	40,000,000	10.5%	40,800,000	12.8%	38,000,000	5.0%	11,900,000	-67.1%
Total	47,969,855	#######	1.9%	52,300,000	9.0%	52,000,000	8.4%	52,600,000	9.7%	49,900,000	4.0%	50,900,000	6.1%
Motor Vehicle
Motor Vehicle	43,739,691	#######	6.8%	41,700,000	-4.7%	39,600,000	-9.5%	43,000,000	-1.7%	42,300,000	-3.3%	42,300,000	-3.3%
Rental Surcharge	3,139,212	#######	11.5%	2,800,000	-10.8%	3,100,000	-1.2%	2,800,000	-10.8%	2,900,000	-7.6%	2,900,000	-7.6%
Total	46,878,903	#######	7.2%	44,500,000	-5.1%	42,700,000	-8.9%	45,800,000	-2.3%	45,200,000	-3.6%	45,200,000	-3.6%
Lottery
All Games	63,507,455	#######	8.0%	59,500,000	-6.3%	61,500,000	-3.2%	61,000,000	-3.9%	60,000,000	-5.5%	61,000,000	-3.9%
VLT	257,482,377	#######	5.3%	290,000,000	12.6%	294,020,000	14.2%	297,700,000	15.6%	295,800,000	14.9%	295,800,000	14.9%
Total	320,989,832	#######	5.8%	349,500,000	8.9%	355,520,000	10.8%	358,700,000	11.7%	355,800,000	10.8%	356,800,000	11.2%
Lincoln NTI	342,024,297	#######	5.4%	395,000,000	15.5%	402,966,089	17.8%	395,600,000	15.7%	405,700,000	18.6%	416,600,000	21.8%
Newport NTI	74,561,320	#######	2.2%	73,100,000	-2.0%	71,743,436	-3.8%	86,200,000	15.6%	72,300,000	-3.0%	72,300,000	-3.0%