These are the sources of income to fund state government, including revenues from various taxes such as individual and corporate income taxes and from interest income from state investments.
Government revenue is money received by a government from external sources net of refunds and other correcting transactions, other than from the issuance of debt, liquidation of investments, and as agency and probate trust transactions. Government revenue excludes noncash transactions such as receipt of services, commodities, or other receipts in kind. (House Fiscal Analysis Department: Dictionary of U.S. Gov't. Statistical Terms)
The full accrual income arising from operations during the year, recorded in the Statement of Financial Performance. Controlled revenues include revenue from the State Government in the form of payments for outputs, and own-source revenue such as Specific Purpose Payments from the Commonwealth and user charges. Administered revenues are revenues which are forwarded to the Consolidated Fund, and generally comprise taxes, fees and fines, royalty revenues and general purpose Commonwealth grants.
All funds received from external sources, net of refunds, and correcting transactions. Noncash transactions such as receipt of services, commodities, or other receipts "in kind" are excluded, as are funds received from the issuance of debt, liquidation of investments, and nonroutine sale of property.
Money received from taxes, fees, permits, licenses, interest and inter-governmental sources during the fiscal year.
Gross taxable receipts from the sale of a product or service.
Funds collected from the public arising from the sovereign power of the government. Federal revenues consist of receipts from income taxes (individual and corporate), excise taxes, and estate and gift taxes; contributions to social insurance programs (such as Social Security and Medicare); customs duties; fees and fines; and miscellaneous receipts, such as Federal Reserve earnings, gifts, and contributions. Federal revenues are also known as federal governmental receipts. Compare with offsetting collections and offsetting receipts.
Stamps representing the prepayment or payment of various taxes. Revenues are affixed to official documents and to merchandise. Some stamps, including many issues of the British Commonwealth, are inscribed "Postage and Revenue'' and were available for either use. Such issues are usually worth less fiscally canceled than postally used. In some cases, revenues have been used provisionally as postage stamps. See also Fiscal.
Revenues or taxes are funds that the government, as a result of its sovereign powers, collects from the public. Typical revenues include individual and corporate income taxes, payroll taxes, value-added taxes, sales taxes, levies, and excise taxes. In contrast, user fees are paid voluntarily by the public in return for a government-provided service or good. Because the purchaser receives a direct benefit (the good or service) in return for paying the fee, the payment is not considered a tax. A tax that increases as a percentage of income as one's income increases is known as a progressive tax; while a regressive tax is one where a taxpayer pays a smaller percentage of income in tax as income increases.
Revenue is the government's income from taxes, fees and premiums, and transfer payments.
Amounts estimated to be available for appropriation during the fiscal year. Included are carry-over balances and new revenues.
Funds collected from the public arising from the sovereign power of the government. Revenues consist of receipts from income taxes (individual and corporate), excise taxes, and estate and gift taxes; social insurance contributions; customs duties; miscellaneous receipts such as Federal Reserve earnings, gifts, and contributions; and fees and fines. Revenues are also known as federal governmental receipts but do not include offsetting receipts, which are recorded as negative budget authority and outlays.
Taxes, customs, duties, some user fees and most other receipts paid to the federal government. 14