Releases

As of July 2015, the Economic and Revenue Reports have been discontinued. They are now included in the Monthly Trend Reports.

IFO Releases

A Review of Overtime Paid to Nurses in the Department of Corrections

December 13, 2017 | Research Briefs and Special Reports

In response to a legislative request, the IFO reviewed overtime paid to nurses employed by the Department of Corrections (DOC).

Full Report

Pennsylvania Fiscal Update

December 13, 2017 | Presentations

Director Matthew Knittel made a presentation to the National Federation of Independent Business (NFIB) to provide background on the IFO and an update on Pennsylvania’s short- and long-term budget outlook. 

Full Report

School Property Taxes; Households Age 60, 65 and 70 or Older

December 11, 2017 | Research Briefs and Special Reports

In response to a legislative request, the IFO analyzed data from the American Community Survey (ACS) to estimate the share of school property taxes paid by households in which the householder (or spouse, if applicable) had attained the ages 60 or over, 65 or over and 70 or over. The analysis applies the shares derived from the ACS to estimated school district property tax collections attributable to homestead properties for FY 2015-16 to further estimate the dollar amounts paid by such households.

Full Report

Natural Gas Production Report, 2017 Q3

December 07, 2017 | Natural Gas Reports

This report for the third quarter of 2017 and the calendar year 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

County Homestead Detail

December 06, 2017 | Research Briefs and Special Reports

As an extension of its recent research relating to property taxes, the IFO has released additional data regarding homestead property. Estimates for the numbers and assessed values of homestead properties by county are based, in large part, on the results of a survey of county assessment offices. The County Commissioners Association of Pennsylvania provided valuable assistance by coordinating the survey.

Full Report

November 2017

December 01, 2017 | Monthly Trends Reports

The Commonwealth collected $2.3 billion in General Fund revenues for November, an increase of $318.6 million (16.0%) compared to November 2016. Fiscal year-to-date revenues were $11.4 billion, an increase of $577.8 million (5.3%) from the prior year.

Full Report

Five Year Economic and Budget Outlook

November 16, 2017 | Revenue Estimates

This report examines the demographic, economic, revenue and expenditure trends that will affect the Commonwealth’s fiscal condition through fiscal year (FY) 2022-23. 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

PEW Presentation

Letter providing additional detail

Updated projections for the PSERS state share

Full Report

School Property Tax and Related Data

November 13, 2017 | Research Briefs and Special Reports

In response to a legislative request, the IFO collected and analyzed certain data related to school property taxes and potential replacement revenues. 

Full Report

Quarterly Revenue Review 2017 Q3

November 03, 2017 | 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.

Full Report

October 2017

November 01, 2017 | Monthly Trends Reports

The Commonwealth collected $2.2 billion in General Fund revenues for October, a decrease of $59.3 million (-2.7%) compared to October 2016. Fiscal year-to-date revenues were $9.1 billion, an increase of $259.2 million (2.9%) from the prior year.

Full Report