Independent Fiscal Office

Revenue Estimates

Includes statutorily required revenue estimates released in May or June, November and January each year.

Reports and Analyses

Includes special reports requested by the General Assembly and IFO Research Briefs.

Monthly Trends Reports

Monthly General Fund revenue collections by tax source. Monthly and quarterly economic indicators for the U.S. and Pennsylvania.

Latest Releases

IFO News Stand - May Edition
May 16, 2018 | Research Briefs and Special Reports

The May edition of our monthly newsletter – The IFO News Stand. The new release provides links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends.

Full Report

APRIL 2018
May 02, 2018 | Monthly Trends Reports

The Commonwealth collected $3.8 billion in General Fund revenues for April, an increase of $325 million (9.5%) compared to April 2017. Fiscal year-to-date revenues were $29.0 billion, an increase of $3.2 billion (12.4%) from the prior year.

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Initial Revenue Estimate FY 2018-19
May 01, 2018 | Revenue Estimates

The initial revenue estimate for FY 2018-19 and updated estimates for FY 2017-18.

Press Release


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Federal Tax Code Conformity Analysis
April 27, 2018 | Other Documents and Requests

The IFO responds to a legislative request regarding the General Fund revenue impact from conformity with certain federal tax code provisions.

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IFO Public Briefing
April 24, 2018 | Presentations

The Independent Fiscal Office will release updated revenue forecasts for fiscal years 2017-18 and 2018-19. The session is open to the public and will take place at 2:00 on May 1st in the Rachel Carson State Office Building. The report will be posted to the office website at the start of the briefing.

Full Report