Current economic and revenue trends appear to be running ahead of the January budget forecast. Employment and personal income continue to expand moderately and General Fund revenues through March were up $305 million from the forecast. However, nearly one-third of 1996-97 revenues come in during the last three months of the fiscal year, and the current-year revenue picture will be highly dependent on developments over the next several weeks. Of particular significance will be the magnitude of final personal income tax payments and· refunds that were due April 15 and will be processed during the next few weeks.