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 January 10, 2025
Net general fund receipts for November and December 2024 total an estimated $5.6 billion, $380 million (7.2%) more than forecast in November. Net individual and corporate income tax receipts were above the forecast as were net receipts from sales and use taxes. Other revenues were slightly less 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.
