Releases

2014 Reports and Analysis:

• Natural Gas Extraction: An Interstate Tax Comparison (March 2014).
  The report provides an interstate comparison of the taxes or fees that would be levied on an unconventional gas well, or the gas extracted from such a well, over its lifetime under four production / price scenarios.
  • Full report
  • Analysis-in-Brief (2 pages)
  • Background on effective tax rates (2 pages, updated 4/4/2014 for the 2013 reporting year impact fee collections)

• The Pennsylvania Lottery: Historical Data and Interstate Comparisons  (January 2014).
  The report examines historical sales and profit data for the PA Lottery and provides comparisons to other states.
   

2013 Reports and Analysis:

• Letter providing data on the share of residential and nonresidential property assessments by county (December 2013).
  The letter was in response to a request regarding HB 1693, which is a consitutional amendment permitting different millage rates for residential and nonresidential property.  
   
• Letter providing an analysis of school property taxes paid by homeowners age 70 and older (October 2013).
  The analysis presents a preliminary assessment of data on the cost of a school property tax freeze for those homeowners and a brief discussion of factors that affect the cost of a freeze over the long-term.
   
• Analysis of Proposal to Replace School Property Taxes: House Bill 76 and Senate Bill 76 (October 2013).
  • Presentation to the Senate Finance Committee on 10/15/2013.
  • Data for the graphs in section 4 of the report that display the annual and cumulative changes in personal income, sales and school property tax collections.
     
• An Analysis of Michigan Property Tax Reform (September 2013).
  The report illustrates the impact of property tax reform on Michigan tax revenues, millage rates, per pupil funding levels and the property tax base over the past two decades.
   
• Letter containing projections of the school property taxes paid by Pennsylvania homesteads (September 2013). 
   
• 2013 Tax Comparison (August 2013).
  The report calculates total state and local tax burdens across all states using the most recent data from the U.S. Census Bureau.
   
• Letter containing an estimate of property taxes paid by Lancaster County homeowners aged 70 and over (June 2013).
   
• Uncapping the Film Production Tax Credit: A Fiscal and Economic Analysis (May 2013).
   
• Pennsylvania Turnpike Toll Revenue Projections: CY 2013 to CY 2024 (May 2013).
   A letter summarizing the report for the House Transportation Committee also is available.
   
• An Analysis of Medicaid Expansion in Pennsylvania (May 2013).
  This report was updated based on data that became available after its initial release. Also, a response to DPW comments is provided.
   
• Corporate Tax Base Erosion: Analysis of Policy Options (March 2013).
  A one-page executive summary of the report is provided.
   
• Proposed Sales Tax Exemption: Aircraft Sales, Parts and Maintenance and Repair (January 2013).

2014

• June
• May
• April
• March
• February
• January

2013

• December
• November
• October
• September
• August
• July
• June
• May
• April
• March
• February
• January

2012

• December
• November
• October
• September
• August
• July

FY 2013-14

• June 2014
• May 2014
• April 2014
• March 2014
• February 2014
• January 2014
• December 2013
• November 2013
• October 2013
• September 2013
• August 2013
• July 2013

FY 2012-13

• June 2013
• May 2013
• April 2013
• March 2013
• February 2013
• January 2013
• December 2012
• November 2012
• October 2012
• September 2012
• August 2012
• July 2012

Fiscal Year 2013-14

• 2013 Q3 (July to September 2013)
• 2013 Q4 (October to December 2013)
• 2014 Q1 (January to March 2014)
• 2014 Q2 (April to June 2014) - scheduled for July 2014 release

IFO Revenue Estimates:

• FY 2014-15 official estimate and FY 2013-14 revisions (June 2014)
  • Revenue Estimate and Economic Outlook
  • General Fund Snapshot (1 page)
  • Press Release
  • Methodology
     
• Mid-year update for FY 2013-14 (January 2014)
  • One Page Summary
  • Presentation
     
• Five-year economic and budget outlook (November 2013)
  • Pennsylvania's Economic & Budget Outlook: Fiscal Years 2013-14 to 2018-19
  • Presentation
  • Press Release
     
• Quarterly revenue estimates for FY 2013-14 (August 2013)
  • Fiscal Year 2013-14 Quarterly Revenue Estimates
     
• Prior year estimates (FY 2012-13) are available upon request (contact@ifo.state.pa.us).

IFO Budget Hearing Testimony:

• House and Senate Appropriations Committees (February 2014)
  • Opening Comments
  • Background Information
  • House Appropriations Committee - response to requests for additional information
  • Senate Appropriations Committee - response to requests for additional information

• Director Matthew Knittel's presentation to the Pennsylvania Business Council discussing the impact of demographics on the Pennsylvania economy is available. (6/12/2014)
  • Presentation
  • Spreadsheet with additional employment, demographic and international migration data.
    
     
• Director Matthew Knittel’s presentation to the Pennsylvania Institute of Certified Public Accountants is available here. (6/3/2014)

• Deputy Director Mark Ryan's revenue and economic outlook presentation to the Greater Pittsburgh Chamber of Commerce is available here. (3/7/2014)