The following table shows revenue estimates for the 2020-2022 biennium, as adopted in the 2020 Appropriation Act (Chapter 56, 2020 Special Session I, Acts of Assembly).
| General Fund Revenues | ||
|---|---|---|
| Revenue Source | Biennial total $ in millions |
|
| Balance June 30, 2020 | 2,874.1 | |
| Additions to balance | (1,254.6) | |
| Transfers | 1,222.8 | |
| Official revenue estimate: | ||
| Miscellaneous Taxes & Revenue | 1,544.7 | |
| Insurance Premiums | 696.9 | |
| Corporate Income | 2,184.7 | |
| Sales Tax | 6,785.2 | |
| Wills, Suits, Deeds & Contract Fees | 815.4 | |
| Individual Income | 31,511.7 | |
| 43,538.6 | ||
| Total general fund revenue available for appropriation | 46,380.9 | |
| Nongeneral Fund Revenues | ||
| Revenue Source | Biennial total $ in millions |
|
| Balance June 30, 2020 | 7,596.2 | |
| Bond Proceeds | 2,674.6 | |
| Lottery Proceeds Fund | 1,324.1 | |
| Internal Service Fund | 4,347.1 | |
| Official Revenue Estimate: | ||
| Motor Vehicle Fuel Tax | 2,159.3 | |
| Unemployment Compensation Payroll Tax | 776.0 | |
| Special highway tax from sales tax | 1,700.4 | |
| Motor vehicle sales tax and use tax | 2,014.8 | |
| Other Taxes | 5,330.1 | |
| Rights and Priveleges | 2,840.1 | |
| Sale of Properties and Commodities | 2,476.6 | |
| Assessment & Receipts for Special Services | 3,898.5 | |
| Institutional Revenue | 18,631.5 | |
| Interest, Dividends, and Rents | 451.2 | |
| Federal Grants and Contracts | 31,311.2 | |
| Master Tobacco Settlement Agreement Funds | 198.7 | |
| Other Revenue | 7,220.3 | |
| 79,008.7 | ||
| Total nongeneral fund revenue available for appropriation | 94,950.7 | |
| Total Resources | 141,331.6 | |