Releases

IFO Releases

School Property Tax and Act 1 Index

February 25, 2021 | Property Tax

Director Matt Knittel made a presentation to PASBO regarding the IFO’s recent computation of the Act 1 Index.

Tags: presentation, property

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School District Property Tax Forecast

February 24, 2021 | Property Tax

This report contains the IFO's forecast of school district property tax collections from FY 2019-20 to FY 2025-26. The report also contains projections of the Act 1 index and estimates of school district property taxes attributable to homestead property. (This report was originally posted on February 2, 2021. Based on new data for the 2020 Q4 ECI, which impacts the FY 2020-21 ECI computation, this report was updated and reposted.)

Tags: property, tax

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Revised Monthly Revenue Estimates

February 23, 2021 | Revenue Estimates

This report provides revised revenue distributions based on the FY 2020-21 projections contained in the Five Year Economic and Budget Outlook published by the IFO on January 21, 2021. They reflect the statutory changes that were enacted with the remainder of the FY 2020-21 state budget in November 2020.

Tags: estimates, monthly, revenue

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Economic and Budget Update Presentation

February 19, 2021 | News Stand & Other

Deputy Director Brenda Warburton gave a presentation at a session of the Pennsylvania Education Policy Fellowship Program regarding the Commonwealth's economic and budget outlook.

Tags: budget, demographic, economic, estimates, presentation, property

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February 2021 Economic Update

February 18, 2021 | Revenue & Economic Update

The February edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 

Tags: economic, monthly, news

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Budget Hearings Packet for Appropriations Committees

February 12, 2021 | News Stand & Other

The Independent Fiscal Office submitted materials to the House and Senate Appropriations Committees ahead of its scheduled budget hearings. This packet examines the minimum wage, personal and corporate income tax and other proposals included in the FY 2021-22 Executive Budget.

Tags: budget, hearing

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January 2021 Revenue Update

February 01, 2021 | Revenue & Economic Update

The Commonwealth collected $2.66 billion in General Fund revenues for January, a decrease of $412.6 million (-13.4%) compared to January 2020. 

Tags: estimates, monthly, revenue

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Five Year Economic and Budget Outlook

January 21, 2021 | Revenue Estimates

The Independent Fiscal Office (IFO) released its five-year Economic and Budget Outlook. Click the hyperlink above to view the report and presentation.

Tags: budget, economic, outlook

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January 2021 Economic Update

January 20, 2021 | Revenue & Economic Update

The January edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 

Tags: economic, monthly, news

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January 2021 Economic and Budget Outlook

January 11, 2021 | Revenue Estimates

The Independent Fiscal Office will release an updated revenue estimate and discuss economic trends for FY 2020-21 to 2025-26. The briefing is open to the public and submitted questions will be addressed at the end of the presentation. The report will also be posted to the IFO website when the presentation concludes. Click on the link for details on how to register.

Tags: estimates, presentation, revenue

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