Net general fund revenues totaled $1.571 billion in August, $202 million (14.8 percent) more than projected in the May Interim Budget Projection. Net individual income, sales, and corporate tax revenues exceeded the projection, and other tax revenues were lower than expected. For fiscal year 2021, year to date receipts are now $2.903 billion, $380 million (15.1 percent) more than projected.

• View the full memo, including tabular data.
• Visit the Economic Forecast Monthly and Quarterly Updates landing page.

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.