Net general fund revenues totaled $2.9 billion in January, $270 million (10.2%) over forecast. Net receipts from individual and corporate taxes exceeded forecast, while net sales and other tax receipts were below forecast. Year-to-date, FY2023 receipts are now $17.3 billion, $487 million over forecast.

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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.