Net general fund revenues totaled $1.809 billion in November, $78 million (4.5 percent) more than forecast. Net income, sales, and corporate tax receipts were all higher than expected, and net other revenues nearly matched the forecast. For fiscal year 2022, year to date receipts are now $9.777 billion. Because forecast receipts are now updated to reflect the November 2021 Budget and Economic Forecast, the fiscal year-to-date variance is the same dollar amount as the monthly variance, $78 million above the forecast, which is 0.8 percent of fiscal year-to-date forecast revenues.

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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.