The Economic and Revenue Forecast Council issued its monthly Economic and Revenue Update today. Here are the key bullets on revenue from the summary:

• Major General Fund-State revenue collections for the February 11 – March 10, 2014 collection period were $13.2 million (1.3%) higher than the February forecast.
• Revenue Act collections were $0.7 million (0.1%) lower than forecasted while non-Revenue Act collections were $13.9 million (14.9%) higher than forecasted.

The Update credits most of the positive variance in non-Revenue Act collections to greater-than-expected transfers of unclaimed property to the general fund.

This is the first report on collections since the new state revenue forecast was issued on February 19. So far, the new forecast appears to be on track.