The October edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends.
On October 15, Deputy Director Brenda Warburton gave a presentation to the Performance-Based Budget Board which provided an update regarding Act 48 implementation.
Director Matthew Knittel made a brief presentation to the House Financial Rescue Caucus on October 9, 2018 on recent revenue and economic trends for the U.S. and Pennsylvania.
The Commonwealth collected $3.0 billion in General Fund revenues for September, an increase of $322 million (11.9%) compared to September 2017. Fiscal year-to-date revenues are $7.6 billion, an increase of $0.6 billion (9.0%) from the prior year.