Net general fund revenues totaled $1.767 billion in July, $64 millMN net general fund revenues totaled $1.8 billion in July, $64 million (3.8 percent) more than forecast. Net sales tax receipts exceeded the forecast, with net receipts from individual income, corporate, and other taxes lower than expected.

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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.