Net general fund revenues totaled $2.295 billion in January, $228 million (9.0 percent) less than forecast. Net receipts from the individual income, corporate, and other taxes were below the forecast, while net sales tax receipts were more than forecast. For fiscal year 2020, year to date receipts are now $13.212 billion, $76 million (0.6 percent) less than forecast.

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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.