General fund net revenues totaled $1.9 billion in July, $45 million (2.5%) above forecast. Net individual income and corporate tax receipts were below forecast, while general sales tax and other revenues were higher 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.