IFO Releases
September 2021 Economic Update
September 16, 2021 | Revenue & Economic Update
The September 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.
Revenue Estimate Performance
September 16, 2021 | Revenue Estimates
This report examines the performance of IFO revenue estimates for the past nine budget cycles.
Tags: estimates, performance, revenue
Pennsylvania Electricity Update
September 09, 2021 | News Stand & Other
The IFO released a research brief that provides a general overview of the Pennsylvania electricity market. Recent EIA data show that Pennsylvania remains the largest net exporter of electricity in the country.
Tags: electricity, energy, gas
August 2021 Revenue Update
September 01, 2021 | Revenue & Economic Update
The Commonwealth collected $2.57 billion in General Fund revenues for August, an increase of $25.9 million (1.0%) compared to August 2020.
Monthly and Quarterly Revenue Estimates
August 31, 2021 | Revenue Estimates
This report provides revenue distributions based on the FY 2021-22 projections contained in the Official Revenue Estimate published by the IFO on June 22, 2021 and the statutory changes that were enacted with the FY 2021-22 state budget.
Property Tax Update
August 30, 2021 | News Stand & Other
Director Matthew Knittel made a brief presentation on property taxes to the House Majority Policy Committee.
Tags: presentation, property, tax
Property Tax Burden by County
August 25, 2021 | Property Tax
This research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate and rank county-level property tax burdens across the state for 2019.
Note: This research brief was originally posted on 8/17/2021. It has been updated to include a map that displays school district property tax burdens by county.
August Economic and Revenue Update
August 25, 2021 | News Stand & Other
Director Matthew Knittel presented an economic and revenue update to the PA Association of Community Bankers.
Tags: economic, presentation, revenue
Labor Market Update- August 2021
August 24, 2021 | News Stand & Other
The IFO released its monthly update that tracks the state labor market. The labor market continued to improve in July as pandemic-related job losses declined from the prior month.
Natural Gas Production Report, 2021Q2
August 24, 2021 | Natural Gas
This report for the second quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts.
Tags: gas, production