This post originally appeared at https://wisconsindailystar.com/news/wisconsin-february-tax-collections-down-51-million-year-over-year/tcsquare/2024/03/27/

by Jon Styf

Wisconsin tax collections were down more than $51 million year over year in February after being roughly even in January.

The numbers come despite one more day this February than the year before.

Sales tax collections were up more than $3 million from a year before while individual income taxes were down nearly $72 million, corporate tax collections were up nearly $22 million and excise tax collections were down more than $4 million.

Overall, Wisconsin tax collections are down $13 million for the fiscal year with $12.2 billion collected compared to $12.3 billion last year.

Overall, Wisconsin collected $942 million in February after collecting $2.4 billion in January.

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Jon Styf is an award-winning editor and reporter of The Center Square who has worked in Illinois, Texas, Wisconsin, Florida and Michigan in local newsrooms over the past 20 years, working for Shaw Media, Hearst and several other companies.

The post Wisconsin February Tax Collections Down $51 Million Year over Year appeared first on The Wisconsin Daily Star.