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Pennsylvania Independent Fiscal Office

Fiscal Implications of a York County School District Consolidation
- Provides potential consolidation savings and costs for 15 York County school districts.
- Calculates the real estate tax millage using various earned income tax rates and administrative savings thresholds.
- Discusses the implications for York County taxpayers.
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Pennsylvania's Economic & Budget Outlook:
Fiscal Years 2014-15 to 2019-20 IFO Annual Presentation
- Thursday November 13, 2014; 1:30PM
- Harrisburg University of Science and Technology, Conference Center
- Guest Presenter, Mr. Daniel White, Senior Economist at Moody's Analytics
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Official Revenue Estimate:
Fiscal Year 2014-15
- Details changes to the economic forecast and the impact on the last quarter of FY 2013-14.
- Provides official revenue estimate for FY 2014-15 for the General Fund, Motor License Fund, Lottery Fund and federal funds subject to appropriation.
- FY 2014-15 economic outlook for the labor market, income growth and consumer spending.
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Natural Gas Extraction: An Interstate Tax Comparison
- Provides framework to facilitate interstate severance tax comparisons across 11 states.
- Estimates effective tax rates for state and local taxes on natural gas production.
- Discusses other taxes levied on extractors and state production incentives.
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Monthly Economic Report
- The report provides a snapshot of monthly and quarterly economic trends for PA and the US.
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Revenue Trends Report Report Highlights:
- Revenues to the General Fund.
- Three and twelve-month trends.
- Factors affecting changes to General Fund revenues.
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Welcome

Welcome to the Home page of the Independent Fiscal Office (IFO). This page provides links to materials recently published or presented by the IFO. For a complete listing of publications and presentations made during the past year, please see the Releases page. If you would like to receive e-mails from the IFO when new documents are posted to this website, please sign up for our e-mail alerts. Click here to add your address to the list.

A mid-year update to the IFO’s revenue estimate for FY 2014-15 is available.
- Press Release
- Presentation
The Quarterly Revenue Review compares actual revenues to IFO estimates. The latest edition covers the fourth quarter of 2014 (October through December) .
The Revenue Trends Report for December 2014 is available. Prior months are available on the "Releases" tab.
The Monthly Economic Report for December 2014 is available. Prior months are available on the "Releases" tab.
An update of the IFO's school property tax forecast for fiscal years 2013-14 through 2019-20 is available.
A report entitled Fiscal Implications of a York County School District Consolidation is available.
- Full Report
- Presentation
IFO Director Matthew Knittel recently made a presentation to the Pennsylvania Institute of Certified Public Accountants (PICPA) discussing the economic and budget outlook and fiscal year-to-date revenues.
Pennsylvania's Economic & Budget Outlook: Fiscal Years 2014-15 to 2019-20 is available.
State Economic Comparison is a research brief that uses new data to examine the performance of the Pennsylvania economy and four adjacent states over a ten year period.
Fiscal Year 2014-15 Quarterly Revenue Estimates for the General Fund, Motor License Fund and Lottery Fund are available.
A report entitled Natural Gas Extraction: An Interstate Tax Comparison is available.
- 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)