WI Tax Revenue Down in May

Gee. A Friday release from DofR. What could that mean?

FY09 to FY10 comparisons, YTD, adjusted figures:

Individual Income off 2.9%
General Sales Tax off 4.5%
Corporate up 40.2%
Excise up 17.2%

Total tax revenue off 0.5%

Individual income and General Sales are the Big Kahuna revenue items--all others are piddle.

The "excise" category includes cigarette taxes, which were raised substantially last year. "Corporate" is up partially due to new tax legislation, as well.