Revenue & Economic Update

IFO Releases

July 2023 Monthly Economic Update

July 12, 2023 | Revenue & Economic Update

The Monthly Economic Update provides data and insight on current trends that impact the state economy. 

Tags: economic, monthly, update

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June 2023 Revenue Update

July 03, 2023 | Revenue & Economic Update

The Commonwealth collected $44.92 billion in General Fund revenues for fiscal year 2022-23, a decrease of $3.22 billion (-6.7%) compared to the prior fiscal year. The decline is due to a one-time transfer of $3.84 billion in FY 2021-22 and a new SUT transfer.

Tags: estimates, monthly, revenue

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