Releases

Revenue & Economic Update

IFO Releases

October 2020 Revenue Update

November 02, 2020 | Revenue & Economic Update

The Commonwealth collected $2.59 billion in General Fund revenues for October, a decrease of $77.5 million (2.9%) compared to October 2019.

Tags: estimates, monthly, revenue

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October 2020 Economic Update

October 22, 2020 | 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. 

Tags: economic, monthly, news

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September 2020 Revenue Update

October 01, 2020 | Revenue & Economic Update

The Commonwealth collected $3.26 billion in General Fund revenues for September, an increase of $76.7 million (2.4%) compared to September 2019.

Tags: estimates, monthly, revenue

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September 2020 Economic Update

September 23, 2020 | Revenue & Economic Update

The September 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. 

Tags: economic, monthly, news

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August 2020 Revenue Update

September 01, 2020 | Revenue & Economic Update

The Commonwealth collected $2.55 billion in General Fund revenues for August, an increase of $355.5 million (16.2%) compared to August 2019. The IFO estimates that roughly $235.0 million of the increase was associated with extended tax due dates related to the COVID-19 pandemic. 

Tags: estimates, monthly, revenue

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August 2020 Economic Update

August 25, 2020 | Revenue & Economic Update

The August 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.

Tags: economic, monthly, news

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July 2020 Revenue Update

August 03, 2020 | Revenue & Economic Update

The Commonwealth collected $4.10 billion in General Fund revenues for July, an increase of $1.77 billion compared to July 2019. The IFO estimates that roughly $1.62 billion of the increase was associated with extended tax due dates related to the COVID-19 pandemic. 

Tags: estimates, monthly, revenue

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July 2020 Economic Update

July 23, 2020 | Revenue & Economic Update

The July 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. 

Tags: economic, monthly, news

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June 2020 Revenue Update

July 01, 2020 | Revenue & Economic Update

The Commonwealth collected $32.28 billion for FY 2019-20, a decline of $2.58 billion (-7.4 percent) from the prior fiscal year. The IFO projects that business closures and mitigation efforts related to the COVID-19 virus resulted in (1) $1.36 billion in lost revenue from reduced economic activity and (2) $1.91 billion that shifts to FY 2020-21 as a result of extended tax due dates. 

Tags: estimates, monthly, revenue

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June 2020 Economic Update

June 17, 2020 | Revenue & Economic Update

The June 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. 

Tags: economic, monthly, news

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