General fund net revenues totaled $3.7 billion in April 2023, $134 million (3.8%) over the forecast. Net receipts from individual and corporate taxes exceeded the forecast while net sales and other tax revenues lagged. Year-to-date receipts are now $306 million (1.2%) over the February forecast.

• View the full memo, including tabular data
• Visit the Economic Forecast Monthly and Quarterly Updates landing page

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.