Net general fund revenues totaled $2.1 billion in May 2024, $304 million (16.7%) above forecast. Net receipts from all major tax types exceeded forecast. FY24 year-to-date receipts are now $26.8 billion, $561 million (2.1%) 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.