Releases

Revenue Estimates

IFO Releases

Official Revenue Estimate FY 2023-24

June 20, 2023 | Revenue Estimates

The Independent Fiscal Office (IFO) released its official revenue estimate for FY 2023-24. Updated estimates for FY 2022-23 are included.

Methodology

Tags: estimates, revenue

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Initial Revenue Estimate FY 2023-24

May 24, 2023 | Revenue Estimates

The IFO released its initial revenue estimate for FY 2023-24. Click the hyperlink above to view the report and presentation.

Tags: estimates, revenue

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Initial Revenue Estimate Announcement

May 17, 2023 | Revenue Estimates

The IFO will release its Initial Revenue Estimate on Wednesday, May 24th at 1:30 PM. The report will contain revisions to the FY 2022-23 estimate and an initial estimate for FY 2023-24. See the announcement for a link to register for the presentation.

Tags: estimates, initial, revenue

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Analysis of Revenue Proposals

May 03, 2023 | Revenue Estimates

This report provides estimates for the revenue proposals contained in the 2023-24 Executive Budget released March 2023. The Independent Fiscal Office (IFO) publishes this report to fulfill its statutory duties as provided under Section 604-B (a)(4) of the Administrative Code of 1929. The act requires that the IFO “provide an analysis, including economic impact, of all tax and revenue proposals submitted by the Governor or the Office of the Budget."

Tags: proposals, revenue

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Mid-Year Update FY 2022-23

January 31, 2023 | Revenue Estimates

The Independent Fiscal Office (IFO) released a mid-year update of its revenue estimate for fiscal year (FY) 2022-23 and provided an advance look at revenue projections for the next fiscal year. The IFO will update the estimate in its next round of revenue projections released in late May.

Tags: estimates, mid, revenue, year

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Economic and Budget Outlook Presentation

January 24, 2023 | Revenue Estimates

The IFO presented results from its five-year outlook report published in November 2022.

Tags: budget, economic, presentation

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Five-Year Economic and Budget Outlook

November 15, 2022 | Revenue Estimates

The Independent Fiscal Office (IFO) released its five-year Economic and Budget Outlook. Click the hyperlink above to view the report and presentations.

Tags: economic, outlook, revenue

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Economic and Budget Outlook

November 02, 2022 | Revenue Estimates

The Independent Fiscal Office will release an updated revenue estimate and discuss economic trends for FY 2022-23 to 2027-28. The briefing is open to the public and submitted questions will be addressed at the end of each presentation. The report will also be posted to the IFO website when the presentation concludes. Click on the link for details on how to register.

Tags: budget, economic, outlook, presentation

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REVENUE ESTIMATE PERFORMANCE

October 12, 2022 | Revenue Estimates

This report examines the performance of IFO revenue estimates for the past ten budget cycles.

Tags: estimates, performance, revenues

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Monthly and Quarterly Revenue Estimates

September 01, 2022 | Revenue Estimates

This report provides revenue distributions based on the FY 2022-23 projections contained in the Official Revenue Estimate published by the IFO on June 23, 2022 and the statutory changes that were enacted with the FY 2022-23 state budget.

Tags: estimates, monthly, quarterly, revenue

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