Net general fund revenues totaled $3.1 billion in January, $64 million (2%) less than forecast. Net receipts from individual income and corporate franchise taxes were below forecast, while net receipts from general sales and use taxes and other revenues were above. Fiscal year 2025 year-to-date receipts are $18.8 billion, $315 million (1.7%) more than 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.