Financial Comparative Summary - February 2026
State General Fund Receipts
(unaudited - numbers in thousands)
| Monthly State Net Tax Revenues: | Month Ended February 2026 | Month Ended February 2025 | Change in Dollars | Percentage Change |
|---|---|---|---|---|
| Individual Income Tax | $967,486 | $1,009,369 | ($41,883) | -4.1% |
| Corporate Income Tax | $57,488 | $74,447 | ($16,959) | -22.8% |
| Gross Sales and Use Tax | $1,491,833 | $1,449,334 | $42,499 | 2.9% |
| Local Distribution of Sales Tax | ($757,451) | ($752,217) | ($5,234) | -0.7% |
| Adjustments \ Refunds | ($7,028) | ($14,335) | $7,307 | 51.0% |
| Net Sales and Use Taxes | $727,354 | $682,782 | $44,572 | 6.5% |
| Motor Fuel Taxes | $186,628 | $180,380 | $6,248 | 3.5% |
| Tobacco Taxes | $16,590 | $15,846 | $745 | 4.7% |
| Alcoholic Beverages Tax | $14,609 | $15,499 | ($891) | -5.7% |
| Property Tax | $0 | $0 | ($0) | NM |
| Motor Vehicle - Highway Impact Fees | $7,479 | $6,703 | $777 | 11.6% |
| Motor Vehicle - Tag, Title and Fees | $41,543 | $42,014 | ($470) | -1.1% |
| Motor Vehicle - Title Ad Valorem Tax | $76,612 | $78,990 | ($2,378) | -3.0% |
| Motor Vehicle - Taxes and Fees Total | $125,634 | $127,707 | ($2,072) | -1.6% |
| Subtotal of State Taxes and Fees | $2,095,790 | $2,106,029 | ($10,239) | -0.5% |
| State Hotel \ Motel Fees | $14,802 | $16,031 | ($1,229) | -7.7% |
| Other Interest, Fees & Payments | $12,895 | $3,871 | $9,024 | 233.1% |
| Monthly Total of State Revenues | $2,123,487 | $2,125,931 | ($2,444) | -0.1% |
Year-to-Date State Net Tax Revenues
(unaudited - numbers in thousands)
| Year-to-Date State Net Tax Revenues: | Fiscal Year 2026 | Fiscal Year 2025 | Change in Dollars | Percentage Change |
|---|---|---|---|---|
| Individual Income Tax | $10,518,631 | $10,373,045 | $145,585 | 1.4% |
| Corporate Income Tax | $1,663,603 | $1,783,014 | ($119,411) | -6.7% |
| Gross Sales and Use Tax | $13,141,743 | $12,704,889 | $436,854 | 3.4% |
| Local Distribution of Sales Tax | ($6,560,637) | ($6,379,771) | ($180,866) | -2.8% |
| Adjustments \ Refunds | ($157,662) | ($83,711) | ($73,951) | -88.3% |
| Net Sales and Use Taxes | $6,423,444 | $6,241,406 | $182,038 | 2.9% |
| Motor Fuel Taxes | $1,564,009 | $1,455,067 | $108,942 | 7.5% |
| Tobacco Taxes | $141,976 | $142,956 | ($979) | -0.7% |
| Alcoholic Beverages Tax | $144,486 | $146,173 | ($1,687) | -1.2% |
| Property Tax | $1,201 | $1,214 | ($14) | -1.1% |
| Motor Vehicle - Highway Impact Fees | $35,706 | $28,930 | $6,777 | 23.4% |
| Motor Vehicle - Tag, Title and Fees | $277,023 | $271,431 | $5,592 | 2.1% |
| Motor Vehicle - Title Ad Valorem Tax | $578,646 | $576,527 | $2,119 | 0.4% |
| Motor Vehicle - Taxes and Fees Total | $891,375 | $876,887 | $14,488 | 1.7% |
| Subtotal of State Taxes and Fees | $21,348,724 | $21,019,764 | $328,961 | 1.6% |
| State Hotel \ Motel Fees | $141,685 | $140,042 | $1,644 | 1.2% |
| Other Interest, Fees & Payments | $386,638 | $374,059 | $12,579 | 3.4% |
| Year-to-Date Total of State Revenues | $21,877,048 | $21,533,865 | $343,183 | 1.6% |
Footnotes:
- The Local Distribution is adjusted with an accrual to reflect payment activity that occurs after the actual distribution (3 business days prior to the end of a month).
- "Other Interest, Fees & Sales" include payments that have been deposited in the bank, but for which returns may not have been processed. These undistributed tax payments are then re-classified (once the return is processed) to the appropriate revenue tax account. "Other" also includes Unclaimed Property collections.