West Virginia Revenue Collections: Sept. 2009

STATE OF WEST VIRGINIA REVENUE COLLECTIONS FISCAL YEAR 2010 SEPTEMBER 2009 (IN THOUSANDS) GENERAL REVENUE FUND Estimated Collections FY 2010

SOURCE Business and Occupation Tax Consumer Sales Tax/Use Tax Personal Income Tax Liquor Profit Transfers Racing Fees Beer Tax and Licenses Cigarette Tax/Smokeless Tobacco Tax Estate Tax Business Franchise Fees Charter Tax Property Transfer Tax Property Tax Insurance Tax Departmental Collections Corporation Income/Business Franchise Tax Miscellaneous Receipts Miscellaneous Transfers Interest Income Severance Tax Telecommunications Tax Special Revenue Transfer HB 102 - Lottery Transfers Video Lottery Transfers Liquor License Renewal Senior Citizen Tax Credit Reimbursement Tax Amnesty TOTAL Increase or Decrease Over Estimate Percent Collected

$

$

136,500 1,144,000 1,522,000 16,000 1,000 8,650 114,500 0 1,800 0 10,300 5,800 108,000 14,100 230,800 5,150 700 25,000 288,500 0 0 127,900 0 17,300 10,000 0 3,788,000

Estimated Collections September 2009 $

$

11,500 90,200 161,000 1,500 50 600 9,500 0 40 0 1,000 1,700 400 800 51,000 150 0 2,100 27,800 0 0 0 0 0 0 0 359,340

Estimated Collections 3 Months July 09-Sept. 09

Actual Collections September 2009 $

$ $

10,185 91,410 146,649 33 31 730 10,302 0 55 10 714 1,780 (764) 890 60,925 101 0 1,189 34,835 8 0 0 92 0 0 0 359,175 (165) 100%

$

$

32,200 287,700 379,100 3,800 190 2,150 29,650 0 600 0 3,100 2,100 25,700 2,500 58,000 350 500 6,200 57,600 0 0 0 0 0 70 0 891,510

Actual Collections 3 Months July 09-Sept. 09 $

$ $

31,213 277,693 353,400 2,162 75 2,259 30,921 0 501 55 2,272 2,218 24,086 2,492 72,133 308 239 3,500 68,004 (42) 0 0 93 0 581 0 874,163

To Date Increase (Decrease) Over Estimate $

$

(987) (10,007) (25,700) (1,638) (115) 109 1,271 0 (99) 55 (828) 118 (1,614) (8) 14,133 (42) (261) (2,700) 10,404 (42) 0 0 93 0 511 0 (17,347)

(17,347) 98%

Source: State Auditor's Office, Glen B. Gainer III, State Auditor Department of Revenue, Virgil T. Helton, Cabinet Secretary Prepared by the State Budget Office October 1, 2009

To Date Percent Collected 97% 97% 93% 57% 39% 105% 104% 0% 84% 0% 73% 106% 94% 100% 124% 88% 48% 56% 118% 0% 0% 0% 0% 0% 830% 0%

STATE OF WEST VIRGINIA COMPARISON OF REVENUES SEPTEMBER 2008 VS SEPTEMBER 2009 (IN THOUSANDS) GENERAL REVENUE FUND Actual Collections September 2008

SOURCE

Actual Collections 3 Months July 08-Sept. 08

Actual Collections September 2009

Actual To Date Collections Increase 3 Months (Decrease) July 09-Sept. 09 Over Prior Period

Business and Occupation Tax Consumer Sales Tax/Use Tax Personal Income Tax Liquor Profit Transfers Racing Fees Beer Tax and Licenses Cigarette Tax/Smokeless Tobacco Tax Estate Tax Business Franchise Fees Charter Tax Property Transfer Tax Property Tax Insurance Tax Departmental Collections Corporation Income/Business Franchise Tax Miscellaneous Receipts Miscellaneous Transfers Interest Income Severance Tax Telecommunications Tax Special Revenue Transfer HB 102 - Lottery Transfers Video Lottery Transfers Liquor License Renewal Senior Citizen Tax Credit Reimbursement Tax Amnesty

$

16,657 91,112 164,078 1,655 70 694 9,798 (18) 47 25 894 1,666 73 858 65,348 3,117 0 3,418 47,595 65 0 0 0 0 0 0

$

10,185 91,410 146,649 33 31 730 10,302 0 55 10 714 1,780 (764) 890 60,925 101 0 1,189 34,835 8 0 0 92 0 0 0

$

35,362 291,073 378,754 3,229 143 2,244 30,621 17 519 146 2,839 2,076 24,673 2,525 76,005 3,363 130 10,074 111,035 90 0 0 4 0 282 0

$

31,213 $ 277,693 353,400 2,162 75 2,259 30,921 0 501 55 2,272 2,218 24,086 2,492 72,133 308 239 3,500 68,004 (42) 0 0 93 0 581 0

TOTAL

$

407,152

$

359,175

$

975,204

$

874,163

$

(47,977)

$

(101,041)

Increase or Decrease Over Prior Period % Increase or Decrease Over Prior Period

-12%

-10%

$

(4,149) (13,380) (25,354) (1,067) (68) 15 300 (17) (18) (91) (567) 142 (587) (33) (3,872) (3,055) 109 (6,574) (43,031) (132) 0 0 89 0 299 0 (101,041)

To Date % Increase (Decrease) Over Prior Period -12% -5% -7% -33% -48% 1% 1% -100% -3% -62% -20% 7% -2% -1% -5% -91% 84% -65% -39% -147% 0% 0% 2225% 0% 106% 0%