December 2022 Revenue Update

January 03, 2023 | Revenue & Economic Update

The Commonwealth collected $4.04 billion in General Fund revenue for December, an increase of $195.9 million (5.1%) compared to December 2021. The implementation of the Department of Revenue’s tax modernization project resulted in the shift of roughly $200 million of revenue that would normally have been receipted in November to December.

Tags: estimates, monthly, revenue

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