Net general fund revenues totaled $1.586 billion in November, $54 million (3.5 percent) more than forecast. Higher than expected sales, corporate, and other tax revenue more than offset net individual income tax revenue that was below the forecast. For fiscal year 2020, year to date receipts are now $8.626 billion. Because forecast receipts are now updated to reflect the November 2019 Budget and Economic Forecast, the fiscal year-to-date variance is the same as the monthly variance, $54 million above the forecast.

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Note: All results are preliminary and subject to revision. Monthly revenue variances should be interpreted with caution. Wide swings in variances may be caused by variations in the rate at which receipts are received and refunds are issued.