Net general fund revenues totaled $2.2 billion in July, $62 million (2.8%) under forecast. Net individual receipts and corporate income tax receipts were lower than forecast, while net sales tax receipts and other revenues were slightly higher.

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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.