IFO self-analysis finds ‘no clear bias’ in prediction errors
Friday, July 12th 2024, 12:07:34 pm
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(The Center Square) — In a self-review, the Independent Fiscal Office found its state revenue projections to be pretty spot-on. In fiscal year 2022-23, IFO estimates had a $2.7 billion (6.1%) difference from actual revenues — but 2023-24 was much closer, with only a $273 million (0.6%) difference from actual revenues. Difficulties from the pandemic
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