Releases

IFO Releases

Mid-Year Update FY 2018-19

January 29, 2019 | Revenue Estimates

The Independent Fiscal Office (IFO) has released a mid-year update of its revenue estimate for fiscal year (FY) 2018-19. The revised estimate is $34.272 billion, which is $373 million higher than the IFO’s offical estimate. As part of the mid-year update, the IFO also provides an advance look at revenue projections for the next fiscal year. For FY 2019-20, revenues are projected to be $35.272 billion, an increase of 2.9 percent over the current year. The office will update the estimate in its next round of revenue projections to be released in late May.

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2018 IMPACT FEE ESTIMATE - JANUARY 2019

January 24, 2019 | Natural Gas

This research brief uses recent data published by the Department of Environmental Protection to project CY 2018 Impact Fee collections.

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Performance-Based Budget Board Hearings Agenda- Revised

January 22, 2019 | Performance Budgeting

The IFO has posted a revised agenda for the upcoming performance-based budget and tax credit review hearings.

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Tax Credit Reviews

January 18, 2019 | Tax Credit Review

Click on the hyperlink above to access the three tax credit reviews and presentation.

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Performance-Based Budget Reviews

January 18, 2019 | Performance Budgeting

Click on the hyperlink above to access the five performance-based budget reviews and presentations.

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Performance-Based Budget Board Hearings Agenda

January 16, 2019 | Performance Budgeting

The IFO has posted the agenda for upcoming performance-based budget and tax credit review hearings.

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DECEMBER 2018

January 02, 2019 | Revenue & Economic Update

The Commonwealth collected $2.91 billion in General Fund revenues for December, an increase of $89 million (3.1%) compared to December 2017. Fiscal year-to-date revenues are $15.3 billion, an increase of $1.04 billion (7.3%) from the prior year.

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