Net general fund revenues totaled $2.1 billion in May, $50 million (2.4%) above forecast. Individual income tax net receipts were above forecast, while net receipts from corporate franchise taxes, general sales taxes and other taxes were below. Year-to-date FY 2026 receipts are $29.6 billion, $98 million (0.3%) 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.