The April 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.
The Commonwealth collected $4.4 billion in General Fund revenues for March, a decline of $118.1 million compared to March 2019. The IFO estimates that the outbreak of the COVID-19 virus reduced monthly collections by $200 million.
The Commonwealth collected $2.17 billion in General Fund revenues for February, an increase of $125.9 million compared to February 2019.
The Commonwealth collected $3.07 billion in General Fund revenues for January, an increase of $186.0 million compared to January 2019.
The Commonwealth collected $2.91 billion in General Fund revenues for December, an increase of $2.0 million compared to December 2018.
The Commonwealth collected $2.36 billion in General Fund revenues for November, an increase of $19.8 million (0.8%) compared to November 2018.
The Commonwealth collected $2.67 billion in General fund revenues for October, an increase of $195.5 million (7.9%) compared to October 2018.
The Commonwealth collected $3.19 billion in General fund revenues for September, an increase of $143.8 million (4.7%) compared to September 2018.
The Commonwealth collected $2.19 billion in General Fund revenues for August, a decrease of $81.3 million (-3.6%) compared to August 2018.
The Commonwealth collected $2.33 billion in General Fund revenues for July, an increase of $90.8 million (4.1 percent) compared to July 2018.