| GENERAL FUND |
|
|
| BUDGETED UNDEDICATED REVENUE |
|
|
| FOR FY 2007-08
AND FY 2008-09 |
|
|
|
|
|
|
|
|
|
| % of |
|
|
|
|
|
|
| BIENNIAL |
|
|
|
|
|
|
| TOTAL |
SOURCE |
2007-08 |
|
2008-09 |
|
|
|
|
|
|
|
|
|
| 32.37% |
SALES & USE TAX (1) |
$978,060,502 |
|
$1,008,092,337 |
|
|
| 1.71% |
SERVICE PROVIDER TAX (1) |
$51,181,910 |
|
$53,452,742 |
|
|
| 49.54% |
INDIVIDUAL INCOME TAX (1)
(2) |
1,514,791,913
|
|
1,525,523,385
|
|
|
| -3.96% |
IND. INCOME TAX - TAX PROGRAM TRANSFERS (1) (2) |
(114,744,592) |
|
(128,006,099) |
|
|
| 6.18% |
CORPORATE INCOME TAX (1) |
182,170,000 |
|
197,244,770 |
|
|
| -4.39% |
TRANSFER FOR REVENUE SHARING (1) |
(133,184,448) |
|
(136,051,715) |
|
|
| 5.02% |
CIGARETTE AND TOBACCO TAXES |
154,786,180 |
|
153,408,502 |
|
|
| 0.55% |
PUBLIC UTILITIES TAXES |
17,476,987 |
|
16,464,397 |
|
|
| 2.51% |
INSURANCE COMPANY TAX |
76,751,673 |
|
77,169,754 |
|
|
| 1.53% |
ESTATE TAX |
44,562,240 |
|
49,524,882 |
|
|
| 0.40% |
PROPERTY TAX - UNORGANIZED TERRITORY |
12,611,986 |
|
12,229,199 |
|
|
| -0.04% |
INCOME FROM INVESTMENTS |
950,648 |
|
(3,204,682) |
|
|
| 1.67% |
TRANSFER FROM LOTTERY COMMISSION |
49,154,250 |
|
53,049,250 |
|
|
|
|
|
|
|
|
|
|
OTHER REVENUE: |
|
|
|
|
|
| 0.69% |
IF&W REVENUE |
21,195,125
|
|
21,210,499
|
|
|
| 6.20% |
OTHER (Jud. fines, Harness Racing, etc.) |
184,976,048
|
|
195,709,058
|
|
|
| 6.89% |
SUBTOTAL - OTHER REVENUE |
206,171,173 |
|
216,919,557 |
|
|
| |
|
|
|
|
|
|
| 100.00% |
TOTALS |
|
|
$3,095,816,279
|
|
|
|
|
|
|
|
|
|
|
|
$6,136,556,701
|
|
|
| Notes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) TRANSFERS FOR REVENUE SHARING AND TAX PROGRAMS - GROSS AND
NET COLLECTIONS |
|
|
|
|
| |
|
|
|
|
|
|
| % of |
|
|
|
|
|
|
| BIENNIAL |
SOURCE |
2007-08 |
|
2008-09 |
|
|
| TOTAL |
|
|
|
|
|
|
| |
SALES & USE TAX - GROSS COLLECTIONS |
$978,060,502 |
|
$1,008,092,337
|
|
|
| |
TRANSFER FOR REVENUE SHARING |
($49,881,086) |
|
($51,412,709) |
|
|
| 30.72% |
SALES & USE TAX - NET COLLECTIONS |
$928,179,416
|
|
$956,679,628
|
|
|
| |
|
|
|
|
|
|
| |
SERVICE PROVIDER TAX - GROSS COLLECTIONS |
$51,181,910 |
|
$53,452,742 |
|
|
| |
TRANSFER FOR REVENUE SHARING |
($2,610,277) |
|
($2,726,090) |
|
|
| 1.62% |
SERVICE PROVIDER TAX - NET COLLECTIONS |
$48,571,633
|
|
$50,726,652
|
|
|
| |
|
|
|
|
|
|
| |
INDIVIDUAL INCOME TAX - GROSS COLLECTIONS |
$1,514,791,913
|
|
$1,525,523,385
|
|
|
| |
IND. INCOME TAX - TAX PROGRAM TRANSFERS (2) |
($114,744,592) |
|
($128,006,099) |
|
|
| |
TRANSFER FOR REVENUE SHARING |
($71,402,415) |
|
($71,853,432) |
|
|
| 43.25% |
INDIVIDUAL INCOME TAX - NET COLLECTIONS |
$1,328,644,906
|
|
$1,325,663,854
|
|
|
| |
|
|
|
|
|
|
| |
CORPORATE INCOME TAX - GROSS COLLECTIONS |
$182,170,000 |
|
$197,244,770 |
|
|
| |
TRANSFER FOR REVENUE SHARING |
($9,290,670) |
|
($10,059,484) |
|
|
| 5.87% |
CORPORATE INCOME TAX - NET COLLECTIONS |
$172,879,330
|
|
$187,185,286
|
|
|
| |
|
|
|
|
|
|
| |
TOTAL TRANSFERS FOR REVENUE SHARING @ 5.1% |
($133,184,448) |
|
($136,051,715) |
|
|
| |
|
|
|
|
|
|
| (2) TRANSFERS FOR TAX REIMBURSEMENT PROGRAMS - GROSS |
|
|
|
|
|
| |
Maine Residents Property Tax Program (a.k.a. Circuit
Breaker) |
($46,253,766) |
|
($47,573,249) |
|
|
| |
Business Equipment Tax Reimbursement (BETR) Program |
($68,490,826) |
|
($69,059,334) |
|
|
| |
Business Equipment Tax Exemption (BETE) Program |
$0 |
|
($11,373,516) |
|
|
| |
Total Tax
Reimbursement Program Transfers |
($114,744,592) |
|
($128,006,099) |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Budgeted
revenue reflects 123rd Legislature's changes through 1st Special Session |
|
|
| Amounts may
not add to 100% due to rounding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total General Fund Revenue Proof Amount |
$3,040,740,422 |
|
$3,095,816,279 |
|
|
|
Difference |
$0 |
|
$0 |
|
|
|
Revenue Sharing Proof Amount |
($133,184,448) |
|
($136,051,715) |
|
|
|
Difference |
$0 |
|
$0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|