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 March 10, 2020
Net general fund revenues totaled $1.011 billion for the month of February, $41 million (3.9 percent) less than forecast. Net receipts from individual and corporate income taxes for the month were lower than forecast, net sales tax revenues were above the forecast, and other tax revenues matched the forecast. For fiscal year 2020, year to date receipts are now $14.223 billion. Because forecast receipts are now updated to reflect the February 2020 Budget and Economic Forecast, the fiscal year-to-date variance is the same dollar amount as the monthly variance, $41 million below the forecast, which is 0.3 percent of fiscal year-to-date revenues.
