Net general fund receipts for the first quarter of FY 2027 were estimated at $8.607 billion, $928 million (12.1 percent) above forecast. Individual income, corporate franchise, sales tax, and other revenues all exceeded 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.