April 2020 Revenue Update

May 01, 2020 | Revenue & Economic Update

The Commonwealth collected $2.18 billion in General Fund revenues for April, a decline of $2.23 billion compared to April 2019. The IFO estimates that the COVID-19 virus reduced monthly collections by $2.12 billion due to business closures, delayed payment processing and the extension of some tax due dates.

Tags: estimates, monthly, revenue

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