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.
The IFO released a budget brief that provides a General Fund update at the midpoint between the start of the fiscal year and release of its five-year outlook in November.
This report provides revenue distributions based on the FY 2025-26 projections contained in the Official Revenue Estimate published by the IFO on June 20, 2025 and the impact of statutory changes enacted with federal H.R. 1.
This report examines the historical performance of IFO revenue estimates. For FY 2024-25, actual collections exceeded IFO projections by 1.4%, or $640 million.
Tags: estimate, performance, revenues
The IFO released a budget brief that discusses the potential impact of proposed federal policy changes on General Fund deficit projections.
The Independent Fiscal Office (IFO) released its official revenue estimate for FY 2025-26. Updated estimates for FY 2024-25 are included.
The IFO released its initial revenue estimate for FY 2025-26. Click the hyperlink above to view the report and presentation.