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Release thumbnail - FIVE YEAR ECONOMIC AND BUDGET OUTLOOK - 2018-11-15

FIVE YEAR ECONOMIC AND BUDGET OUTLOOK

November 15, 2018 | Revenue Estimates

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Pennsylvania Independent Fiscal Office

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(Nov 03) - opens in a new tab The Commonwealth collected $3.46 billion in General Fund revenues for October, an increase of $81 million compared to October 2024. See: ifo.state.pa.us/Resources/Docu… pic.x.com/TqITjRWqD1
(Oct 30) - opens in a new tab The IFO will release its long-term fiscal outlook for FY 2025-26 to FY 2030-31 on November 13 at 1:30 pm. If a spending agreement is reached for the FY 2025-26 budget prior to November 13, the report will be postponed until a later date. RSVP: forms.gle/hHR7bxKaAQ7XyQ… pic.x.com/523TMAI8eD
(Oct 23) - opens in a new tab A required IFO report shows the sales tax is regressive. The report computes each county’s share of statewide sales tax including Philadelphia (9.3%), Allegheny (10.5%), Lancaster (4.2%) and Franklin (1.1%). See: ifo.state.pa.us/Resources/Docu… pic.x.com/TOrZKryQUk

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Independent Fiscal Office
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Harrisburg, PA 17105