General Fund collections totaled $1.84 billion, with $1.81 billion coming from taxes. This is the largest amount of tax collected in July since before the recession and $119 million, or 7.0%, higher than July 2011 tax receipts. This starts the 2012-13 fiscal year off on a positive note, at least in terms of the revenue side of the spending plan.
With one exception, all major category of General Fund revenue collections in July 2012 exceeded those in the prior year.
Here are the details (in $ thousands):