www.ifo.state.pa.us

Pennsylvania Independent Fiscal Office

Pennsylvania's Economic & Budget Outlook:
Fiscal Years 2013-14 to 2018-19
- Economic and demographic projections through FY 2018-19.
- Special section on demographic trends for 25-34 year age cohort.
- Special section on employment trends for Coal and Natural Gas extractors.
- Projects General Fund surplus/deficit through FY 2018-19.
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The Pennsylvania Lottery:
Historical Data and Interstate Comparisons
- Historical sales and profits.
- Uses industry metrics to compare PA to other states.
- Potential Lottery expansion through Keno.
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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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State Tax Comparison
- Uses newly released data from the U.S. Census Bureau
- Compares state and local tax systems across all states
- Ranks state and local tax burdens across all states
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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.

The Quarterly Revenue Review for the first quarter of 2014 (January through March) is available.
The Revenue Trends Report for March 2014 is available. Prior months are available on the "Releases" tab.

The Monthly Economic Report for March 2014 is available. Prior months are available on the "Releases" tab.
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)
IFO Director Matthew Knittel testified at budget hearings conducted by the House and Senate Appropriations Committees. Copies of his opening comments and some background information are available here:
A report entitled The Pennsylvania Lottery: Historical Data and Interstate Comparisons is available. The report examines historical sales and profit data for the PA Lottery and provides comparisons to other states.
A mid-year update of the IFO's revenue estimate for FY 2013-14 is available.
- Mid-Year Revenue Update (1 page)
- Presentation
Pennsylvania's Economic & Budget Outlook: Fiscal Years 2013-14 to 2018-19 is available.

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