Net general fund revenues were $2.1 billion in August, $86 million (4.2%) above forecast. Individual income tax revenues were above forecast due mainly to higher than forecast withholding. Fiscal year-to-date receipts are now $4.3 billion, $22 million (0.5%) above 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.