On Aug. 28, the Department of Revenue (DOR) released the Fiscal Year 2024 General purpose Revenues report. According to preliminary information, collections for the year increased 1.7 percent in FY 2024 to $21,329.6 million. This amount is 1.3 percent higher than the Legislative Fiscal Bureau’s modified estimate of $21,053.9 million. The increase is mainly attributed to a 3.2 percent rise in individual income taxes. The Department of Administration’s Annual Fiscal Report will be released October 15, 2024.