Wisconsin Economic Outlook

Wisconsin Department of Revenue [300K PDF]:

Based on the current economic forecast and recent collection experience, General Purpose Revenue (GPR) tax collections in fiscal year (FY) 2007 will increase 3.8% relative to FY 2006 to $12.491 billion. This Department of Revenue (DOR) estimate is $69 million (0.6%) below the Legislative Fiscal Bureau (LFB) estimate for FY 2007 collections issued in January 2006.

GPR tax collections are estimated to increase 3.6% in FY 2008 to $12.941 billion and 4.0% in FY 2009 to $13.462 billion.

GPR tax collections by DOR during the first four months of FY 2007 increased 3.6% over the comparable period of FY 2006 from $3.322 billion to $3.443 billion. During this period, individual income tax receipts increased 4.3% to $1.888 billion; sales tax revenue increased 2.8% to $1.111 billion, and corporate collections increased 12.5% to $261 million.

Posted by Jim Zellmer at February 10, 2007 6:42 AM
Subscribe to this site via RSS/Atom: Newsletter signup | Send us your ideas