The Economic and Revenue Forecast Council’s monthly Economic and Revenue Update came out today. Revenue for the November 11 to December 10 collection period was $1,593.4 million, $24.1 greater than had been forecast. However, $20.9 million of the $24.1 million positive variance was due to one-time items such as audit payments and unclaimed property transfers to the general fund. Discounting these items, collections were $3.2 million above the forecast.

At this point, no more bad news passes for good news.

Tomorrow the Employment Security Department will report on November employment.