FISCAL NOTES SEPTEMBER 2023 | 11 State Revenue Watch This table presents data on net state revenue collections by source. It includes most recent monthly collections, year-to-date (YTD) totals for the current fiscal year and a comparison of current YTD totals with those in the equivalent period of the previous fiscal year. These numbers were current at press time. For the most current data as well as downloadable files, visit comptroller.texas.gov/ transparency. Note: Texas’ fiscal year begins on Sept. 1 and ends on Aug. 31. 1. Includes public utility gross receipts assessment, gas, electric and water utility tax and gas utility pipeline tax. 2. Includes taxes not separately listed, such as taxes on oil well services, coinoperated amusement machines, cement and combative sports admissions as well as refunds to employers of certain welfare recipients. 3. Includes various health-related service fees and rebates that were previously in “license, fees, fines and penalties” or in other non-tax revenue categories. 4. Gross sales less retailer commission and the smaller prizes paid by retailers. Notes: Totals may not add due to rounding. Excludes local funds and deposits by certain semi-independent agencies. Includes certain state revenues that are deposited in the State Treasury but not appropriated. NET STATE REVENUE – ALL FUNDS, EXCLUDING TRUST Monthly and Year-to-Date Collections: Percent Change from Previous Year (IN THOUSANDS) TAX COLLECTIONS BY MAJOR TAX AUGUST 2023 YEAR TO DATE: Total YEAR TO DATE: Change from Previous Year SALES TAX $3,983,559 $46,581,072 8.40% Percent Change from August 2022 5.71% MOTOR VEHICLE SALES AND RENTAL TAXES $659,440 $6,821,747 5.78% Percent Change from August 2022 1.22% MOTOR FUEL TAXES $329,095 $3,832,081 1.27% Percent Change from August 2022 2.75% FRANCHISE TAX $435,930 $6,820,183 20.22% Percent Change from August 2022 24.74% OIL PRODUCTION TAX $500,904 $5,931,042 -6.77% Percent Change from August 2022 -17.69% INSURANCE TAXES $383,623 $4,064,627 30.20% Percent Change from August 2022 29.40% CIGARETTE AND TOBACCO TAXES $152,411 $1,218,337 0.63% Percent Change from August 2022 45.01% NATURAL GAS PRODUCTION TAX $137,068 $3,350,373 -25.05% Percent Change from August 2022 -73.90% ALCOHOLIC BEVERAGES TAXES $147,587 $1,771,635 7.77% Percent Change from August 2022 1.72% HOTEL OCCUPANCY TAX $70,284 $777,851 11.13% Percent Change from August 2022 1.19% UTILITY TAXES1 $68,181 $625,196 12.31% Percent Change from August 2022 -38.11% OTHER TAXES2 $31,036 $351,413 31.08% Percent Change from August 2022 6.92% TOTAL TAX COLLECTIONS $6,899,119 $82,145,558 6.39% Percent Change from August 2022 -1.14% REVENUE BY SOURCE AUGUST 2023 YEAR TO DATE: Total YEAR TO DATE: Change from Previous Year TOTAL TAX COLLECTIONS $6,899,119 $82,145,558 6.39% Percent Change from August 2022 -1.14% FEDERAL INCOME $4,919,966 $68,707,041 -5.54% Percent Change from August 2022 -13.68% LICENSES, FEES, FINES AND PENALTIES $773,580 $6,663,409 2.02% Percent Change from August 2022 8.17% STATE HEALTH SERVICE FEES AND REBATES3 $365,549 $10,919,541 6.17% Percent Change from August 2022 -3.85% NET LOTTERY PROCEEDS4 $349,392 $3,349,724 9.53% Percent Change from August 2022 -2.77% LAND INCOME $260,323 $3,797,418 -11.93% Percent Change from August 2022 -43.36% INTEREST AND INVESTMENT INCOME $358,393 $4,200,937 72.31% Percent Change from August 2022 178.22% SETTLEMENTS OF CLAIMS $56,520 $631,033 -4.73% Percent Change from August 2022 1,972.32% ESCHEATED ESTATES $27,973 $1,090,933 7.83% Percent Change from August 2022 43.42% SALES OF GOODS AND SERVICES $29,881 $307,928 -1.97% Percent Change from August 2022 -166.93% OTHER REVENUE $4,323,391 $5,975,448 24.94% Percent Change from August 2022 92.30% TOTAL NET REVENUE $18,364,086 $187,788,970 2.42% Percent Change from August 2022 8.36% DEALERS’ CHOICE 40
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