This report provides revised monthly General Fund revenue estimates for FY 2025-26 based on projections contained in the Official Revenue Estimate published by the IFO on June 20, 2025 (includes adjustments released with the original monthly estimates in August 2025) adjusted to reflect the impact of statutory changes that were enacted in conjunction with the state budget in November 2025.
The Independent Fiscal Office released a one-page summary of highlights of its annual Fiscal Outlook for the General Fund. See the full report for additional detail not included in the one-page summary.
The Independent Fiscal Office (IFO) released its five-year Fiscal Outlook. Click the hyperlink above to view the report and presentation.
Due to recent developments with the state budget, the IFO will postpone its long-term fiscal outlook for FY 2025-26 to FY 2030-31 to November 20 at 1:30 pm. The report will include an assessment of the General Fund surplus and Rainy Day Fund under current law and policies.
See the announcement for a link to register for the presentation. Those already registered do not need to re-register.