IFO Releases
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.
May 2020 Revenue Update
June 01, 2020 | Revenue & Economic Update
The Commonwealth collected $2.11 billion in General Fund revenues for May, a decline of $510.7 million compared to May 2019. The IFO estimates that the COVID-19 virus reduced monthly collections by $515 million due to the impact of continued business closures and other mitigation efforts to slow the spread of the COVID-19 virus.