Net general fund revenues totaled $2.419 billion in April, $86 million (3.4 percent) less than forecast in the February 2017 Budget and Economic Forecast. Net individual income tax receipts were lower than forecast, more than offsetting larger than expected net receipts from corporate income taxes. For April, the month in which most tax year 2016 income tax payments are made, the combination of payments and refunds connected to 2016 tax returns is about $142 million below forecast. For fiscal year 2017, year to date receipts are now $16.863 billion, $62 million (0.4 percent) lower than forecast.

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