The Pennsylvania Independent Fiscal Office (IFO) has released a new report showing how accurate they are of predicating state revenue. In seven of the last fourteen years, the IFO has been within 2 percent of projecting the budget accurately. Four of those years, the IFO was within a half a percent of accurately predicating the budget. During the three years of the Covid-19 pandemic (2019 to 2022) the office’s projections wildly swung. From over…
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