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.
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.
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.