Net general fund receipts for the first quarter of FY 2026 total an estimated $7.7 billion, $90 million (1.2 %) less than forecast in February. Net receipts for individual income tax, sales tax, and other revenues were above forecast while corporate franchise tax revenues were below.

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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.