IFO Releases
February 2023 Revenue Update
March 01, 2023 | Revenue & Economic Update
The Commonwealth collected $2.83 billion in General Fund revenues for February, an increase of $393.5 million (16.2%) compared to February 2022.
January 2023 Revenue Update
February 01, 2023 | Revenue & Economic Update
The Commonwealth collected $3.57 billion in General Fund revenues for January, a decrease of $23.7 million (-0.7%) compared to January 2022. Due to a processing delay on the last day of the month, roughly $94 million of revenue that would normally have been receipted in January will be shifted to February.
JANUARY 2023 MONTHLY ECONOMIC UPDATE
January 25, 2023 | Revenue & Economic Update
The January 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.
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.
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.
November 2022 Monthly Economic Update
November 21, 2022 | Revenue & Economic Update
The November 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.
October 2022 Revenue Update
November 01, 2022 | Revenue & Economic Update
The Commonwealth collected $3.12 billion in General Fund revenues for October, an increase of $310.8 million (11.0%) compared to October 2021.
October 2022 Monthly Economic Update
October 24, 2022 | Revenue & Economic Update
The October 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.
September 2022 Revenue Update
October 03, 2022 | Revenue & Economic Update
The Commonwealth collected $4.22 billion in General Fund revenues for September, an increase of $214.8 million (5.4%) compared to September 2021.