Posted: Feb 1, 2017
On the eve of Gov. Wolf’s budget address next week, General Fund revenues edged lower again in January, falling to $49.8 million below the official estimate and bringing the year-to-date revenue shortfall to $416.8 million.
Gov. Wolf will present the Department of Revenue’s updated revenue forecast as part of the executive budget as well as his strategy to close the gap on Tuesday, Feb. 7.
This document provides more detail on the revenue picture.