IFO downgrades structural deficit by as much as $400 million

IFO downgrades structural deficit by as much as $400 million

The Independent Fiscal Office reported to the House Appropriations Committee Monday that the structural deficit facing budget crafters might be less than originally thought.

Asked by Chairman Bill Adolph (R-Delaware) about how increased revenues have impacted a previously reported IFO deficit estimate of $1.8 billion, Office director Matthew Knittel reported it has been reduced by $300-$400 million landing somewhere around $1.5 billion.

“We would revise it down to somewhere around $1.5 [billion] or $1.6 [billion],” he told committee members while noting it is difficult to determine the exact number due to supplemental appropriations.

Monday, March 9, 2015/Author: Jason Gottesman
Categories: News and Views

A Closer Look: The Independent Fiscal Office with Director Matthew Knittel

The PLS Reporter sat down with Matthew Knittel, director of the Independent Fiscal Office, to take a deeper look at what the IFO does and how it operates.

Knittel discussed a history of the agency since its formation in 2010 and the various reports completed by the office and other accomplishments since its inception.

Wednesday, November 5, 2014/Author: Josh Levy
Categories: News and Views
VIDEO: Combined FY 13-14, 14-15 Executive Revenue Estimates Off $1.3 Billion, IFO States in Initial Revenue Estimate

VIDEO: Combined FY 13-14, 14-15 Executive Revenue Estimates Off $1.3 Billion, IFO States in Initial Revenue Estimate

The Independent Fiscal Office (IFO) Thursday unveiled its initial revenue estimate for the current and upcoming fiscal years.

Thursday, May 1, 2014/Author: The PLS Reporter
Categories: Video
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