Pennsylvania

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

November 2016
December 01, 2016 | Monthly Trends Reports

The Commonwealth collected $1.99 billion in General Fund revenues for November, an increase of $179.2 million (9.9%) compared to November 2015. Fiscal year-to-date revenues were $10.84 billion, an increase of $160.9 million (1.5%) from the prior year.

Full Report

Natural Gas Production Report, 2016 Quarter 3
November 30, 2016 | Natural Gas Reports

This report for the third quarter of 2016 and the calendar year-to-date uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts.

Full Report

Five Year Economic and Budget Outlook
November 15, 2016 | Revenue Estimates

This report examines the demographic, economic, revenue and expenditure trends that will affect the Commonwealth’s fiscal condition through fiscal year (FY) 2021-22. 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

Don Boyd's Presentation on Public Pension Risk

Full Report

October 2016
November 01, 2016 | Monthly Trends Reports

The Commonwealth collected $2.23 billion in General Fund revenues for October, an increase of $102.9 million (4.8%) compared to October 2015.

Fiscal year-to-date revenues were $8.85 billion, a decrease of $18.4 million (-0.2%) from the prior year.

Full Report

Quarterly Revenue Review
October 27, 2016 | 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. 

Fiscal Year 2016-17

2016 Q3 (July to September 2016)

Full Report