About IFO

The Independent Fiscal Office was created by Act 120 of 2010, and Act 100 of 2016 transferred its authorizing statute to Article VI-B of the Administrative Code. 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 does not support or oppose any policy it analyzes, and will disclose the 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.


Matthew Knittel
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
Deputy Director
Prior to joining the IFO, Mr. Ryan served as executive director of the finance committees for the Pennsylvania Senate and House of Representatives, chief of staff for a Pennsylvania state senator and revenue forecasting supervisor in the Pennsylvania Department of Revenue. Mr. Ryan holds a M.S. in Public Management and Policy Analysis from Heinz College at Carnegie Mellon University and a B.A. in History from the State University of New York.
Stacey Knavel
Principal Revenue Analyst
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.
Lauren Mondschein
Revenue Analyst II
Primary responsibilities at the IFO include forecasting sales and use and table games 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
Administrative Assistant
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.
Karen Maynard
Revenue Analyst
Primary responsibilities at the IFO include forecasting personal income tax revenues, coordinating the forecasting of various department expenditures and working on special projects pertaining to education, demographics 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, health care, 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.
Neil Bakshi
Revenue Analyst
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
Revenue Analyst
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 tax revenues as well as working on pensions. Prior to joining the IFO, Mr. Lindsay was employed as a Research Analyst for the Pennsylvania House of Representatives.
Lesley Rompalo
Revenue Analyst
Holds a B.A. from Gettysburg College with dual majors in Economics and Public Policy with a focus in United States Economic Policy as well as a minor in Studio Art. Her primary responsibility at IFO includes forecasting revenues from cigarettes, realty transfers, and fines and penalties.
Jesse Bushman
Revenue Analyst
Holds a B.S. in Economics with a minor in Business Administration from Shippensburg University of Pennsylvania. His primary responsibilities at the IFO include forecasting multiple selective business tax revenues along with inheritance, property, liquor, and malt beverage tax revenues. Prior to joining the IFO, Mr. Bushman was employed as a Purchasing Intern at Volvo Construction Equipment in Shippensburg, PA.
Tessa Dorr
Revenue Analyst
Holds a B.S. in Finance with a minor in Entrepreneurship from Duquesne University. Her primary responsibilities at the IFO include forecasting revenues for the Motor License Fund and non-tax revenues such as licenses and fees, fines and penalties, escheats, treasury, and other miscellaneous items. Her duties extend to promoting IFO reports on social media and tracking online user data trends. Stemming from a senior capstone project, Miss Dorr is also a co-founder of a Pittsburgh-based startup firm that has been awarded funds based on pitches given to venture capital investors.