Page 54 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Business Tax - Business Tax (Excl. Cannabis)
(Thousand Dollars)

2018-19 2019-20 2020-21 2021-22 2022-23
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 273 334 9,424 6,735 14,094 7,359 14,094 6,200
AUGUST 7,983 15,390 9,517 5,470 1,464 (4,006) 1,464 6,200
SEPTEMBE 7,914 3,460 3,052 4,590 10,703 6,113 10,703 6,200
OCTOBER 5,025 2,841 7,651 4,840 4,530 (310) 4,530 6,200
NOVEMBER 8,317 4,248 3,410 7,095 3,194 (3,901) 3,194 6,200
DECEMBER 7,860 6,227 517 6,745 8,981 2,236 8,981 6,200
JANUARY 28,467 23,987 14,737 28,465 (11,644) (40,109) 30,138 28,890
FEBRUARY 195,422 164,639 134,274 201,495 97,752 (103,743) 100,986 182,270
MARCH 253,742 313,118 252,465 239,375 343,655 104,280 344,621 313,900
APRIL 8,529 10,615 94,162 13,790 59,390 32,990
MAY 26,234 16,112 11,315 23,180 10,000 23,600
JUNE 8,003 16,603 15,104 9,120 10,000 13,350
TOTAL $ 557,769 $ 577,573 $ 555,628 $ 550,900 $ 598,100 $ 632,200
% Change 1.4% 3.6% -3.8% -0.9% 7.6% 5.7%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 273 334 9,424 6,735 14,094 7,359 14,094 6,200
AUGUST 8,256 15,723 18,941 12,205 15,558 3,353 15,558 12,400
SEPTEMBE 16,170 19,183 21,993 16,795 26,261 9,466 26,261 18,600
OCTOBER 21,195 22,024 29,644 21,635 30,790 9,155 30,790 24,800
NOVEMBER 29,512 26,271 33,054 28,730 33,985 5,255 33,985 31,000
DECEMBER 37,372 32,499 33,571 35,475 42,966 7,491 42,966 37,200
JANUARY 65,839 56,486 48,309 63,940 31,322 (32,618) 73,103 66,090
FEBRUARY 261,261 221,125 182,583 265,435 129,074 (136,361) 174,089 248,360
MARCH 515,003 534,243 435,047 504,810 472,729 (32,081) 518,710 562,260
APRIL 523,532 544,858 529,209 518,600 578,100 595,250
MAY 549,766 560,970 540,524 541,780 588,100 618,850
JUNE 557,769 577,573 555,628 550,900 598,100 632,200

This tax category represents tax receipts from all business tax categories, with the exception of cannabis-related
business activity. Most taxpayers remit on annual basis and are assessed at rates between $1.01/$1000 and
$4.25/$1000 of gross receipts.

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