Releases

Revenue & Economic Update

IFO Releases

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.

Tags: estimates, monthly, revenue

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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. 

Tags: economic, monthly, update

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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.

Tags: estimates, monthly, revenue

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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.

Tags: economic, monthly, update

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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.

Tags: estimates, monthly, revenue

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SEPTEMBER 2022 MONTHLY ECONOMIC UPDATE

September 19, 2022 | 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, update

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August 2022 Revenue Update

September 01, 2022 | Revenue & Economic Update

The Commonwealth collected $2.86 billion in General Fund revenues for August, an increase of $290.7 million (11.3%) compared to August 2021.

Tags: estimates, monthly, revenue

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August 2022 Monthly Economic Update

August 22, 2022 | 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, update

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July 2022 Revenue Update

August 01, 2022 | Revenue & Economic Update

The Commonwealth collected $2.70 billion in General Fund revenues for July, a decrease of $4.0 million (-0.1%) compared to July 2021.

Tags: estimates, monthly, revenue

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July 2022 Monthly Economic Update

July 25, 2022 | 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, update

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