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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.


Latest: January Revenue and Economic Update

published January 10, 2023

Net general fund receipts for Nov. and Dec. 2022 are now estimated at nearly $5.2 billion, $217 million (4.4%) above the latest forecast. Net income tax receipts were slightly below, sales tax receipts on par with, and corporate and other taxes higher than 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.

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