Releases

IFO Releases

July 2020 Revenue Update

August 03, 2020 | Revenue & Economic Update

The Commonwealth collected $4.10 billion in General Fund revenues for July, an increase of $1.77 billion compared to July 2019. The IFO estimates that roughly $1.62 billion of the increase was associated with extended tax due dates related to the COVID-19 pandemic. 

Tags: estimates, monthly, revenue

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July 2020 Economic Update

July 23, 2020 | Revenue & Economic Update

The July 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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COVID-19 Impact on Local Revenues

July 16, 2020 | News Stand & Other

In response to a legislative request, the Independent Fiscal Office examined how the COVID-19 pandemic and mandated business closures could impact local earned income taxes (EIT), property taxes and gaming revenues received by municipalities, counties and school districts for the current year.

Tags: local, revenue

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Pennsylvania Impact Fee and Natural Gas Trends Presentation

July 14, 2020 | Natural Gas

Revenue Analyst Jesse Bushman made a presentation to the Center for Energy Policy and Management at Washington & Jefferson College regarding regional natural gas trends and how they are affecting the state's Impact Fee.

Tags: gas, presentation

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2019 Wage Contracts Summary Table

July 02, 2020 | Wage Contracts

This table provides an up-to-date summary of the recent wage contracts analyzed by the IFO. Additional estimates will be provided after the relevant contract detail has been transmitted to the IFO by the Office of Administration.

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PSEA Wage Contract Analysis

July 02, 2020 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State  Education Association (PSEA), Non-Tenured Teachers Unit.

Tags: contract, wage

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June 2020 Revenue Update

July 01, 2020 | Revenue & Economic Update

The Commonwealth collected $32.28 billion for FY 2019-20, a decline of $2.58 billion (-7.4 percent) from the prior fiscal year. The IFO projects that business closures and mitigation efforts related to the COVID-19 virus resulted in (1) $1.36 billion in lost revenue from reduced economic activity and (2) $1.91 billion that shifts to FY 2020-21 as a result of extended tax due dates. 

Tags: estimates, monthly, revenue

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Economic Impact from Regulation of Single-Use Plastics

June 30, 2020 | News Stand & Other

As required by Act 20 of 2019, this report examines the economic impact from the regulation of single-use plastics. The report considers three types of regulation that have been enacted by other states and local jurisdictions: a ban, a fee and a ban-plus-fee. The report examines potential outcomes if these regulations were implemented statewide for plastic retail bags. The analysis is also extended to a ban on expanded polystyrene foam foodservice products.

Tags: economic, plastics, report

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PSCOA Wage Contract Analysis

June 26, 2020 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State Corrections Officers Association (PSCOA).

Tags: contract, wage

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Impact Fee Update and 2020 Outlook

June 25, 2020 | Natural Gas

This report examines impact fee collections for 2019 and provides an outlook for 2020.

Tags: gas

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