REVENUE SUMMARY BY CATEGORY

Collection: Government Financials
Sub-shelf: DOF Budgets & Financial Statements
Kind: Financial Report
Date: 2025
Topics: Public Finance
Pages: 2
Text: Native Text

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REVENUE SUMMARY BY CATEGORY FY 2024 PRELIMINARY ACTUALS FY 2025 REVISED PROJECTION INCOME TAXES INDIVIDUAL INCOME 421,083,750 423,429,742 CORPORATE INCOME 65,430,415 78,806,965 REFUNDS (64,569,889) (35,000,000) TOTAL INCOMES TAXES 421,944,275.81 467,236,707.00 OTHER TAXES REAL PROPERTY 55,608,124 64,000,000 TRADE & EXCISE 36,150,443 36,456,367 GROSS RECEIPTS 209,342,833 213,819,225 CORPORATE FRANCHISE 5,723,872 5,421,176 STAMP TAX 15,771,378 15,960,662 TIMESHARE TAX ENVIRONMENTAL INFRASTRUCTURE FEE 5,266,692 5,882,780 TOTAL OTHER TAXES 327,863,342 341,540,211 OTHER REVENUES LICENSES 3,428,972 3,909,284 FEES & PERMITS 7,051,123 7,306,933 FINES, FOREITURES, PENALTIES 2,809,816 2,874,949 COURT COSTS, FEES, & CHARGES 1,210,836 1,179,298 U.S. CUSTOMS 3,647,504 3,647,504 CONSESSIONS FEE (LIME TREE-TERMINAL) 10,892,851 12,000,000 CORPORATE DIVISION REVOLVING FUND - 2,251,797 VEHICLE RENTAL SURCHARGE (VI INITIATIVE FUND) - 2,550,000 FRANCHISE FEES 664,438 677,727 RECORDER OF DEEDS REVOLVING FUND - - OTHER REVENUES - - MISCELLANEOUS SERVICE CHARGE 1,811,999 1,875,215 TOTAL OTHER REVENUES 31,517,539 38,272,707 TRANSFERS IN CARIBBEAN BASIN INITIATIVE 5,568,018 6,000,000 V.I. LOTTERY 950,000 950,000 INSURANCE GUARANTY 8,000,000 20,000,000 TRANSPORTATION FUND 5,000,000 5,000,000 EARNED INCOME TAX CREDIT - 10,000,000 MATHCHING REVOLVING FUND - - RECORDER OF DEEDS REVOLVING FUND 200,000 JP MORGAN SETTLEMENT FUND (NON PROFITS) - 5,339,500 SCHOOL MAINTENANCE AND CONSTURUCTION - 1,663,750 COMMUNITY FACILITIES TRUST FUND 1,197,137 - HEALTH REVOLVING FUND 2,100,000 2,100,000 TOTAL TRANSFERS IN 22,815,154 51,253,250 TRANSFERS OUT STREETLIGHT - WATER AUTHORITY-POWER AUTHORITY (3,663,809) (1,280,000) EDUCATION INTIATIVE & SCHOOL MAINTENANCE FUND (VEHICLE SURCHARGE 75%) (2,550,000) ANTI-LITTER & BEAUTIFICATION (10,744,898) (5,000,000) DISTRICT PUBLIC ROAD FUND (1,185,371) 1,220,000 TAX ASSESSOR REVOLVING FUND (500,000) (500,000) MODERATE INCOME HOUSING FUND* (500,000) (250,000) SEWAGE FUND (486,212) (1,280,000) COPORATE DIVISION REVOLVING FUND (784,358) (586,165) RECORDER OF DEEDS REVOLVING FUND (200,000) (200,000) STAMP TAX - HFA (PROPERTY TAX) (4,788,199) ENVIRONMENTAL INFRASTRUCTURE FEE - TRF (790,004) (882,417) ST. THOMAS CAPITAL IMPROVEMENT FUND - (1,500,000) ST. CROIX CAPITAL IMPROVEMENT FUND - (2,000,000) PUBLIC TRANSPORTATION FUND (5,000,000) DEBT SERVICE (82,300,953) (70,872,796) TOTAL TRANSFERS OUT (101,155,606) (95,469,577) REVENUE OTHER SOURCES ARPA 67,100,000 43,713,764 VEHICLE SURCHARGE 850,000 FINANCIAL TRANSACTION REPORTING ACT 2024 11,000,000 CONTRIBUTIONS TOTAL REVENUE OTHER SOURCES 67,100,000 55,563,764 REVENUE: MITIGATION & RECOVERY WITHHOLDING - 13,500,000 GROSS RECEIPTS - 22,063,225 EXCISE TAX TOTAL MITIGATION RECOVERY - 35,563,225 TOTAL GROSS REVENUES 871,240,311 989,429,864 TOTAL GENERAL FUND REVENUES 770,084,705 893,960,287 OCCUPANCY RELATED TAXES PRELIMINARY ACTUALS REVISED PROJECTION (3/19/25) HOTEL/NON ROOM TAX 43,551,462 44,422,491 AGRICULTURE REVOLVING FUND (1,000,000) (1,000,000) TOURISM ADVERTISING REVOLVING FUND 42,551,462 43,422,491 *Note: Moderate Income Housing Fund Double Payment for FY23 and FY24 (a) All preliminary actuals for FY 2024 revenue data utilizes DOF revenue as of September 30, 2024