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.
published May 10, 2023
General fund net revenues totaled $3.7 billion in April 2023, $134 million (3.8%) over the forecast. Net receipts from individual and corporate taxes exceeded the forecast while net sales and other tax revenues lagged. Year-to-date receipts are now $306 million (1.2%) over the February forecast.
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.