September 3, 2015

IFO: Year-To-Date Revenues Down 1 Percent From Last Year

A report by the Independent Fiscal Office this week shows year-to-date General Fund revenue collections as of August were down just under one percent from August 2014.
According to the IFO, the Commonwealth collected $1.87 million in August, bringing FY 2015-2016 collections to about $4 billion, a decrease of $34 million from FY 2014-2015.
August General Fund collections, however, were up 4.3 percent when compared to the monthly collections for August 2014.
NewsClip: IFO: Year-To-Date Revenue Collections Down 1%