Releases

Initial Revenue Estimate Announcement

May 13, 2024 | Revenue Estimates

The IFO will release its Initial Revenue Estimate on Monday, May 20th at 1:30 PM. The report will contain revisions to the FY 2023-24 estimate and an initial estimate for FY 2024-25. See the announcement for a link to register for the presentation.

Treasury Windfalls Boost Revenues - Update

May 02, 2024 | Economics and Other

Treasury collections have generated a short-term revenue windfall. This research brief updates a prior analysis and provides preliminary Treasury revenue estimates for FY 2024-25.

Affordable Connectivity Program Ends

May 01, 2024 | Economics and Other

Due to the depletion of approved funds, the federal Affordable Connectivity Program (ACP) is no longer accepting new enrollments and the last fully-funded program month was April 2024. In 2023, Pennsylvania households received $241 million in ACP funds, an average monthly benefit of $33 per household.  

April 2024 Revenue Update

May 01, 2024 | Revenue & Economic Update

The Commonwealth collected $5.69 billion in General Fund revenues for April, an increase of $30 million (+0.5%) compared to April 2023.

The IFO transmitted a brief revenue update to the chairs of the Senate and House Appropriations Committees.