Pennsylvania Independent Fiscal Office
Independent Fiscal Office
Commonwealth of Pennsylvania
Pennsylvania Independent Fiscal Office
About the Independent Fiscal Office

The Independent Fiscal Office was created by Act 120 of 2010. The office Mission Statement is as follows:

The Independent Fiscal Office (IFO) provides revenue projections for use in the state budget process along with impartial and timely analysis of fiscal, economic and budgetary issues to assist Commonwealth residents and the General Assembly in their evaluation of policy decisions. In that capacity, the IFO will not support or oppose any policy it analyzes, and will disclose all methodologies, data sources and assumptions used in published reports and estimates. The IFO will seek to establish collaborative relationships with the General Assembly, executive agencies and various non-governmental organizations that have an interest in the policy making process.

Contact Information

Independent Fiscal Office
2nd Floor Rachel Carson State Office Building
400 Market Street
Harrisburg, PA 17105

(717) 230-8293


Please note: To submit a right-to-know request, please visit our RTK page.



Matthew Knittel serves as Director and was formerly employed as a financial economist by the US Department of Treasury and an economist by the Michigan Department of Treasury. Mr. Knittel holds a M.A. and Ph.D. in Economics from Michigan State University and a bachelor's degree in Economics from Hope College in Holland, Michigan. Mr. Knittel has taught courses at George Washington, Johns Hopkins, and Penn State Universities and published several articles in the National Tax Journal, the NBER and US Treasury's Office of Tax Analysis working paper series.

Mark Ryan serves as Deputy Director and was formerly employed as the Executive Director of the Pennsylvania Senate Finance Committee, a Chief of Staff for a Pennsylvania State Senator, the Executive Director of the Pennsylvania House Finance Committee and supervisor in what is now the Bureau of Research in the Pennsylvania Department of Revenue. Mr. Ryan holds a M.S. in Public Management and Policy from Heinz College at Carnegie Mellon University and a B.A. in History from the State University of New York.

Stacey Knavel serves as Senior Revenue Analyst and was formerly employed as a manager in the Pennsylvania Department of Revenue's Bureau of Research, where she coordinated the revenue forecasting process for both the General Fund and the Motor License Fund. Ms. Knavel also conducted policy analysis related to a wide variety of tax types and participated in shaping many aspects of the Department's tax policy. Ms. Knavel holds a B.S. in Finance from Pennsylvania State University.

Karen Maynard serves as an Revenue Analyst II and her primary responsibilities at the IFO include forecasting personal income tax revenues as well as working on special projects pertaining to education and other subjects as needed. Ms. Maynard was formerly employed as an Economist at the Joint State Government Commission where  she provided statistical and economic data analysis on a very broad range of subjects including Earned Income Tax Credits, K-12 and postsecondary education, child safety, health care, PA library system, jury selection, indigent defense and state pension benefits. Ms. Maynard holds a M.A. in Economics from Penn State University and two bachelor's degrees, in Economics and Mathematics, and a minor in Business Administration from Mansfield University of Pennsylvania.

Lauren Mondschein serves as a Revenue Analyst II and her primary responsibilities at the IFO include forecasting sales and use, table games and cigarette tax revenues. Ms. Mondschein holds a B.S. from Duquesne University with dual majors in Economics and International Business as well as minors in French and Italian and an M.P.A. with a focus in Public Policy Analysis and Evaluation from Pennsylvania State University.

Charlene Raves serves as Administrative Assistant and was formerly an office manager for two small businesses. While working as an office manager she was involved in processing payroll, quarterly and yearly taxes, accounts payable and receivables. Ms. Raves has previously been employed by a CPA firm and the Cumberland Valley School District.

Neil Bakshi serves as Revenue Analyst and holds a M.S. in Public Policy and Management from the Heinz College of Carnegie Mellon University and a Juris Doctor from the University of Pittsburgh School of Law. At Heinz College, Mr. Bakshi wrote a report on import/export economics for the U.S. International Trade Commission and an in-depth analysis of natural gas drilling practices for the Shale Gas Round Table. Before joining the IFO, Mr. Bakshi worked as an attorney on cases involving environmental law, energy law and municipal law. Before that, Mr. Bakshi was a professional Classical violinist.

Matthew Lindsay serves as Revenue Analyst and holds a B.A. in Economics from Bloomsburg University of Pennsylvania and an M.P.A. with a focus in Public Policy Analysis and Evaluation from the Pennsylvania State University. His primary responsibilities at the IFO include forecasting corporate net income and non-tax revenues. Prior to joining the IFO, Mr. Lindsay was employed as a Research Analyst for the Pennsylvania House of Representatives.