Net general fund revenues were $2.534 billion in October, $26 million (1.0%) below forecast. Individual and corporate franchise taxes were below forecast, with general sales taxes and other revenues above.

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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.