Net general fund revenues totaled $2.5 billion in October, $24 million (1%) above forecast. Net receipts from other revenues were above forecast, more than offsetting below-forecast net sales tax receipts. Individual income and corporate franchise receipts were close to 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.