Wisconsin Sales Tax Collections Up 2.1% in First Quarter of Fiscal Year
Wisconsin saw a 2.1% increase in its general sales and use tax collections in the first quarter of the new fiscal year in numbers released Thursday.
The state collected more than $1.32 billion after collecting $1.29 billion during the same period last year. The numbers represent collections from July through September.
Overall, the state collected an adjusted amount of $4.15 billion in general purpose revenue during the first quarter, up from $3.97 billion in the first quarter of last fiscal year.
Wisconsin collected $21.3 billion last fiscal year, ending in June, after collecting nearly $21 billion the year before.
The numbers represent a continuation of a trend of slowed growth in sales tax revenue for the state in the post-COVID timeframe.
The state collected $2.73 billion in state sales taxes over the first five months of 2024, a 0.4% increase over the $2.72 billion in the same five months the year before, according to Wisconsin Policy Forum .
“The retail sector contr