Comparing FY2024 State Revenue Forecasts – Civic Federation

General trends are largely consistent with those released in the FY2024 budget, as both the Commission on Government Forecasting and Accountability and the Governor’s Office of Management and Budget rely on many of the same economic sources when formulating their predictions. Overall, COGFA predicts an additional $465 million in revenue above the February GOMB estimates, largely stemming from net individual income taxes and sales taxes.