The Independent Fiscal Office and state Department of Revenue have released December revenue reports. For the month of December, state General Fund collections totaled $3.7 billion and were $465.8 million higher than anticipated. The increase was largely due to the corporate net income tax. Personal income tax collections for December were above estimate by $36 million.
The Motor License Fund received $172.9 million in December, which includes liquid fuels taxes and other license, fine, and fee revenues. Motor License collections for the fiscal year-to-date total $1.4 billion, just .4 percent below estimate.