Minnesota’s net general fund receipts for February and March total an estimated $3.7 billion, $244 million (7%) more than forecast. Net individual income tax receipts were above forecast and net corporate franchise tax and sales tax slightly below. Other revenues were slightly above 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.