Monthly and Quarterly Updates

Between each Budget and Economic Forecast, Economic Analysis prepares monthly and quarterly updates.

The Revenue and Economic Update is published quarterly in January, April, July, and October of each year. The Revenue and Economic Update reports how actual revenue collections for the current year compare to the previous forecast and notes changes in the national and state economic outlook.

The Monthly Revenue Review is prepared in February, March, May, June, August, September, November, and December. The Monthly Revenue Review reports how actual revenue collections for the current year compare to the previous forecast.

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Latest: October Revenue and Economic Update

published October 10, 2025 

Net general fund receipts for the first quarter of FY 2026 total an estimated $7.7 billion, $90 million (1.2 %) less than forecast in February. Net receipts for individual income tax, sales tax, and other revenues were above forecast while corporate franchise tax revenues were below.

View the full memo, including tabular data.

Note: All results are preliminary and subject to revision. Monthly revenue variances should be interpreted with great caution. Wide swings in variances may be caused by variations in the rate at which receipts are received and processed and differences in the rate at which refunds are issued.