General Revenue Fund collections in August were $451.4 million and came in at $2.8 million, or 0.6%, above the monthly estimate. This amount is $3.2 million, or 0.7%, below collections in August of 2018.
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FY 2020 First Month GR Collections Send Mixed Messages
The Office of Management and Enterprise Services approved premium rates for health, dental, life, disability and vision insurance products to be offered to state, education and many local government employees, retirees and dependents for 2020.
General Revenue Fund collections in June were $679.4 million and came in at $10.0 million, or 1.5%, below the monthly estimate. This amount is $52.5 million, or 8.4%, above collections in June of 2018. Total collections for the 2019 fiscal year were $6.86 billion and came in at $354.6 million, or 5.5%, above the 2019 fiscal year estimate and $1.0 billion, or 17.2%, above prior year collections.
