April net general fund receipts for February and March are now estimated to total $3.98 billion, $176 million (4.6%) more than forecast. Net receipts for individual income and other taxes exceeded forecast, with sales and corporate taxes falling below forecast. Refunds were higher than expected.

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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.