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January Revenue and Economic Update

1/12/2026 4:15:00 PM

Net general fund receipts for November and December 2025 now estimated to total $5.6 billion, $65 million (1.2%) more than forecast in November. Both net individual tax and sales tax receipts were slightly above the forecast, while net corporate franchise tax receipts were slightly below. Other revenues were above forecast. 

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.

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