Independent Fiscal Office

Revenue Estimates

Includes statutorily required revenue estimates released in May or June, November and January each year.

Reports and Analyses

Includes special reports requested by the General Assembly and IFO Research Briefs.

Monthly Trends Reports

Monthly General Fund revenue collections by tax source. Monthly and quarterly economic indicators for the U.S. and Pennsylvania.

Latest Releases

Five Year Economic and Budget Outlook
November 16, 2017 | Revenue Estimates

This report examines the demographic, economic, revenue and expenditure trends that will affect the Commonwealth’s fiscal condition through fiscal year (FY) 2022-23. Based on the economic and demographic assumptions used by this report, the evaluation finds that various factors imply a long-term fiscal imbalance.

Press Release

IFO Presentation

PEW Presentation

Full Report

School Property Tax and Related Data
November 13, 2017 | Research Briefs and Special Reports

In response to a legislative request, the IFO collected and analyzed certain data related to school property taxes and potential replacement revenues. 

Full Report

Five-Year Outlook Press Release
November 09, 2017 | Other Documents and Requests

The Independent Fiscal Office will release a new five-year economic and budget outlook on Thursday, November 16th. The office has scheduled a public presentation for 2:00 p.m. that day on the 14th floor of Harrisburg University to discuss the report’s findings. 

Full Report

Quarterly Revenue Review 2017 Q3
November 03, 2017 | Revenue Estimates

The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and actual collections.

Full Report

October 2017
November 01, 2017 | Monthly Trends Reports

The Commonwealth collected $2.2 billion in General Fund revenues for October, a decrease of $59.3 million (-2.7%) compared to October 2016. Fiscal year-to-date revenues were $9.1 billion, an increase of $259.2 million (2.9%) from the prior year.

Full Report