November net general fund revenues totaled $2.1 billion, $80 million (3.8%) under forecast. Individual income tax, corporate franchise tax, and other revenues were below forecast. General sales tax revenues were higher.

• 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.