The state fell short of its anticipated collection total for the month of September by 6.1 percent, or $151.8 million, according to figures released by the Department of Revenue. This is the second month in a row that number has fallen below estimate. August came in three percent below anticipated revenues. Department officials said they now expect Revenue collections to remain flat for the remainder of the fiscal year. The state‟s fiscal year runs from July 1 to June 30.

“We are about $34 million ahead of last year at this time,” said Elizabeth Brassell, Press Secretary for the Department. “But last year‟s figures are about the lowest barometer you can have. We now expect revenues to keep falling below estimate, without much improvement in the second half.”

The Department reported that fiscal year-to-date General Fund collections total $5.8 billion, which is $215 million, or 3.5 percent, below estimate.

Sales tax receipts totaled $714.9 million for September, $14.9 million below estimate. Year-to-date sales tax collections total $2.2 billion, which is $30.6 million, or 1.4 percent, less than anticipated.

Personal income tax (PIT) revenue in September was $902.5 million, $42 million below estimate. This brings year-to-date PIT collections to $2.3 billion, which is $97.1 million, or 4 percent, below estimate.

September corporation tax revenue of $466 million was $92.9 million below estimate. Year-to-date corporation tax collections total $603.9 million, which is $89.5 million, or 12.9 percent, below estimate.

Inheritance tax revenue for the month was $64.7 million, $1.4 million below estimate, bringing the year-to-date total to $200.5 million, which is $6.5 million, or 3.1 percent, below estimate.

Realty transfer tax revenue was $26.5 million for September, $600,000 below estimate, bringing the fiscal-year total to $82.2 million, which is $5.1 million, or 5.9 percent, less than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $134.3 million for the month, $5.1 million above estimate and bringing the year-to-date total to $377.5 million, which is $7.3 million, or 2 percent, above estimate.

Non-tax revenue totaled $14 million for the month, $5.2 million below estimate, bringing the year-to-date total to $74.9 million, which is $6.5 million, or 9.5 percent, above estimate.

In addition to the General Fund collections, the Motor License Fund received $188.4 million for the month, $13.3 million below estimate. Fiscal year-to-date collections for the fund – which include the commonly known gas and diesel taxes, as well as other license, fine and fee revenues – total $617 million, which is $5.9 million, or 1 percent, above estimate.