Includes statutorily required revenue estimates released in May or June, November and January each year.
Includes special reports requested by the General Assembly and IFO Research Briefs.
Monthly General Fund revenue collections by tax source. Monthly and quarterly economic indicators for the U.S. and Pennsylvania.
Public Briefing on Revenue Estimates
April 27, 2017 | Revenue Estimates
The Independent Fiscal Office will release updated revenue forecasts for fiscal years 2016-17 and 2017-18 on Tuesday, May 2nd at 2:00pm. The session is open to the public and will take place in Room 105 of the Rachel Carson State Office Building. After the briefing, the report will become available on our website.
Upcoming Presentations on School Property Tax Reform
April 25, 2017 | Presentations
Throughout May, Director Matt Knittel and Deputy Director Mark Ryan will make five presentations on the potential implications of school district property tax reform. The events are sponsored by the Pennsylvania Economy League and will take place at various locations across the state. The full presentation will be posted on May 4th. Click on the links below for additional detail:
READING Thursday May 4th 7:30-9:00am
WILLIAMSPORT Friday May 5th 12:00-1:30pm
YORK Thursday May 11th 12:00-1:30pm
WILKES-BARRE Friday May 12th 12:00-1:30pm
LEHIGH VALLEY Friday May 19th 12:00-1:30pm
Property Tax Elimination Projection
April 11, 2017 | Research Briefs and Special Reports
The IFO has released new projections regarding school property tax elimination. The document projects the school property tax revenues that would be eliminated, and thus subject to replacement, under legislation that may be introduced in the near future (the relevant parameters are summarized in the document). The projection builds upon a school property tax forecast the IFO released in January of this year.
April 05, 2017 | Revenue Estimates
This report provides revenue estimates for the tax proposals contained in the 2017-18 Executive Budget released February 2017. The Independent Fiscal Office (IFO) publishes this report to fulfill its statutory duties as provided under 71 Pa.C.S. § 4104. The act requires that the IFO “provide an analysis, including economic impact, of all tax and revenue proposals submitted by the Governor or the Office of the Budget.”
Note: A clarifying sentence was added to page 16 since the original publication. (Revised on April 7, 2017)
April 03, 2017 | Monthly Trends Reports
The Commonwealth collected $4.42 billion in General Fund revenues for March, a decrease of $64.5 million (-1.4%) compared to March 2016. Fiscal year-to-date revenues were $22.39 billion, an increase of $153.9 million (0.7%) from the prior year.