July net general fund revenues totaled $2.4 billion, $133 million (5.9%) more than forecast in February. Net receipts from individual income, sales and corporate taxes and for other revenues all exceeded the 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.