| GENERAL FUND |
| BUDGETED UNDEDICATED REVENUE |
| FOR FY 2007-08
AND FY 2008-09 |
|
|
|
|
|
| % of |
|
|
|
|
| BIENNIAL |
|
|
|
|
| TOTAL |
SOURCE |
2007-08 |
|
2008-09 |
|
|
|
|
|
| 32.36% |
SALES & USE TAX (1) |
$978,060,502 |
|
$929,698,051 |
| 1.77% |
SERVICE PROVIDER TAX (1) |
51,181,910 |
|
53,452,742 |
| 49.56% |
INDIVIDUAL INCOME TAX (1)
(2) |
1,515,291,913
|
|
1,406,765,385
|
| -4.08% |
IND. INCOME TAX - TAX PROGRAM TRANSFERS (1) (2) |
(115,244,592) |
|
(125,032,395) |
| 5.62% |
CORPORATE INCOME TAX (1) |
182,170,000 |
|
149,190,000 |
| -4.01% |
TRANSFER FOR REVENUE SHARING (1) |
(133,184,448) |
|
(103,412,337) |
| 5.05% |
CIGARETTE AND TOBACCO TAXES |
154,786,180 |
|
143,213,844 |
| 0.61% |
PUBLIC UTILITIES TAXES |
17,476,987 |
|
18,405,029 |
| 2.52% |
INSURANCE COMPANY TAX |
76,751,673 |
|
71,978,985 |
| 1.34% |
ESTATE TAX |
44,562,240 |
|
34,335,010 |
| 0.43% |
PROPERTY TAX - UNORGANIZED TERRITORY |
12,611,986 |
|
12,969,540 |
| 0.04% |
INCOME FROM INVESTMENTS |
950,648 |
|
1,154,221 |
| 1.67% |
TRANSFER FROM LOTTERY COMMISSION |
49,154,250 |
|
49,549,250 |
|
|
|
|
|
|
OTHER REVENUE: |
|
|
|
| 0.72% |
IF&W REVENUE |
21,195,125
|
|
21,015,834 |
| 6.39% |
OTHER (Jud. fines, Harness Racing, etc.) |
184,976,048
|
|
191,479,989
|
| 7.11% |
SUBTOTAL - OTHER REVENUE |
206,171,173 |
|
212,495,823 |
| |
|
|
|
|
| 100.00% |
TOTALS |
|
|
$2,854,763,148
|
|
|
|
|
|
|
|
$5,895,503,570
|
| 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 |
|
$929,698,051 |
| |
TRANSFER FOR REVENUE SHARING |
($49,881,086) |
|
($38,950,246) |
| 30.85% |
SALES & USE TAX - NET COLLECTIONS |
$928,179,416
|
|
$890,747,805
|
| |
|
|
|
|
| |
SERVICE PROVIDER TAX - GROSS COLLECTIONS |
$51,181,910 |
|
$53,452,742 |
| |
TRANSFER FOR REVENUE SHARING |
($2,610,277) |
|
($2,275,532) |
| 1.69% |
SERVICE PROVIDER TAX - NET COLLECTIONS |
$48,571,633
|
|
$51,177,210
|
| |
|
|
|
|
| |
INDIVIDUAL INCOME TAX - GROSS COLLECTIONS |
$1,515,291,913
|
|
$1,406,765,385
|
| |
IND. INCOME TAX - TAX PROGRAM TRANSFERS (2) |
($115,244,592) |
|
($125,032,395) |
| |
TRANSFER FOR REVENUE SHARING |
($71,402,415) |
|
($56,368,679) |
| 43.32% |
INDIVIDUAL INCOME TAX - NET COLLECTIONS |
$1,328,644,906
|
|
$1,225,364,311
|
| |
|
|
|
|
| |
CORPORATE INCOME TAX - GROSS COLLECTIONS |
$182,170,000 |
|
$149,190,000 |
| |
TRANSFER FOR REVENUE SHARING |
($9,290,670) |
|
($5,817,880) |
| 5.36% |
CORPORATE INCOME TAX - NET COLLECTIONS |
$172,879,330
|
|
$143,372,120
|
| |
|
|
|
|
| |
TOTAL TRANSFERS FOR REVENUE SHARING @ 5.1% |
($133,184,448) |
|
($103,412,337) |
| |
|
|
|
|
| (2) TRANSFERS FOR TAX REIMBURSEMENT PROGRAMS - GROSS |
|
|
|
| |
Maine Residents Property Tax Program (a.k.a. Circuit
Breaker) |
($46,253,766) |
|
($48,202,400) |
| |
Business Equipment Tax Reimbursement (BETR) Program |
($68,990,826) |
|
($68,559,334) |
| |
Business Equipment Tax Exemption (BETE) Program |
$0 |
|
($8,270,661) |
| |
Total Tax
Reimbursement Program Transfers |
($115,244,592) |
|
($125,032,395) |
| |
|
|
|
|
|
|
|
|
|
| Reflects Final
Budgeted Amounts |
| Amounts may
not add to 100% due to rounding |
|
|
|
|
|