December 2022 Monthly Economic Update
December 20, 2022 | Revenue & Economic Update
The December edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends.
NOVEMBER 2022 REVENUE UPDATE
December 01, 2022 | Revenue & Economic Update
The Commonwealth collected $2.75 billion in General Fund revenue for November, a decrease of $3.87 billion (-58.4%) compared to November 2021. The implementation of the Department of Revenue’s tax modernization project resulted in the delay of roughly $200 million of revenue that would normally have been receipted in November to December.