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

Commentary and Analysis

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

  • State Economic Comparison (September 2014).
    The research brief 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 recently made a presentation to the Pennsylvania Institute of Certified Public Accountants (PICPA) discussing the economic and budget outlook for Pennsylvania. The presentation also provides an update on fiscal year-to-date revenues and 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)
  • 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)