Pennsylvania Independent Fiscal Office
Independent Fiscal Office
Commonwealth of Pennsylvania
Pennsylvania Independent Fiscal Office

Commentary and Analysis

2015 Reports and Analysis:

  •  Letter providing estimates for a potential proposal to give homestead owners school property tax rebates equal to the statewide average school property tax paid (March 2015).
  • State and Local Taxes: A Comparison Across States (March 2015).
    The report examines how Pennsylvania's state and local tax structure compares to other states. It uses data published by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis to make comparisons.


2014 Reports and Analysis:

  • Letter updating the IFO's forecast of school property tax collections for FY 2013-14 through FY 2019-20 (December 2014). 
  • Fiscal Implications of a York County School District Consolidation (December 2014).
    The report provides potential consolidation savings and costs for 15 York County school districts and computes the real estate tax millage using various earned income tax rates and administrative savings scenarios.
  • 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.

2013 Reports and Analysis:

Research Briefs

  • Impact Fee Update (February 2015).
    Provides an estimate of CY 2014 impact fee revenues and the corresponding annual average effective tax rate, along with discussion on recent price and production trends in the natural gas industry.
    • Background - Explanation of effective tax rates - annual average vs. lifetime
  • Pennsylvania Gaming Trends (February 2015).
    Examines tax revenue trends for casino and pari-mutuel gaming and net profit trends for the lottery.
  • State Economic Comparison (September 2014).
    Uses new data to examine the performance of the Pennsylvania economy and four adjacent states over a ten year period.

Monthly Economic Reports

Monthly Revenue Reports

Quarterly Revenue Review

Fiscal Year 2014-15

Fiscal Year 2013-14


Revenue Estimate and Outlook

IFO Revenue Estimates:


IFO Budget Hearing Testimony:


  • IFO director, Matthew Knittel, testified in front of the House and Senate Appropriations Commmittees to start the hearings on the proposed FY 2015-16 state budget. (3/2015)
  • Director Matthew Knittel’s presentation to the Greater Philadelphia Chamber of Commerce on the IFO’s updated economic and budget outlook for FY 2014-15 is now available here. (2/12/2015)


  • IFO Director Matthew Knittel's presentation to the Pennsylvania Institute of Certified Public Accountants (PICPA) discussing Pennsylvania's economic and budget outlook and fiscal year-to-date revenues is available  here. (12/03/2014)

  • Director Matthew Knittel's presentation to the Pennsylvania Business Council discussing the impact of demographics on the Pennsylvania economy is available. (6/12/2014)