IFO Releases
May 2020 Economic Update
May 20, 2020 | Revenue & Economic Update
The May 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.
April 2020 Revenue Update
May 01, 2020 | Revenue & Economic Update
The Commonwealth collected $2.18 billion in General Fund revenues for April, a decline of $2.23 billion compared to April 2019. The IFO estimates that the COVID-19 virus reduced monthly collections by $2.12 billion due to business closures, delayed payment processing and the extension of some tax due dates.