Pennsylvania

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

Analysis of Recent Collective Bargaining Agreements
January 12, 2017 | Other Documents and Requests

Pursuant to section 604-B(a)(8) of the Administrative Code of 1929, the Independent Fiscal Office has prepared a cost analysis of the collective bargaining agreements between the Commonwealth of Pennsylvania and the following six unions:

  1. Correctional Institution Vocational Education Association (CIVEA)

  2. Federation of State Cultural and Educational Professionals (FOSCEP)

  3. Office and Professional Employees International Union (OPEIU), Healthcare Pennsylvania

  4. PA State Education Association (PSEA), Non-Tenured Teachers

  5. Service Employees International Union (SEIU), Healthcare Pennsylvania

  6. United Food and Commercial Workers (UFCW)

Full Report

Updated School District Property Tax Forecast
January 09, 2017 | Research Briefs and Special Reports

Letter updating the IFO's forecast of school district property tax collections for FY 2015-16 through FY 2021-22. The letter also includes projections of school district debt service payments and earned income tax collections for FY 2015-16 through FY 2021-22.

Total school property tax collections for FY 2015-16 ($13.6 billion) and FY 2016-17 ($13.9 billion) are estimated using millage rates published by the Pennsylvania Department of Education. For FY 2017-18 through FY 2021-22, collections are projected based on a forecast of the Act 1 index and exceptions. During that period, total school property tax collections are projected to grow by an average annual rate of 3.5 percent, reaching $16.5 billion by FY 2021-22.

Prior reports / references: (1) 2013 IFO analysis of HB / SB 76 and (2) 2014 update of the school property tax forecast.

Full Report

December 2016
January 03, 2017 | Monthly Trends Reports

The Commonwealth collected $2.62 billion in General Fund revenues for December, a decrease of $106.6 million (-3.9%) compared to December 2015. Fiscal year-to-date revenues were $13.45 billion, an increase of $54.2 million (0.4%) from the prior year.

Full Report

November 2016
December 01, 2016 | Monthly Trends Reports

The Commonwealth collected $1.99 billion in General Fund revenues for November, an increase of $179.2 million (9.9%) compared to November 2015. Fiscal year-to-date revenues were $10.84 billion, an increase of $160.9 million (1.5%) from the prior year.

Full Report

Natural Gas Production Report, 2016 Quarter 3
November 30, 2016 | Natural Gas Reports

This report for the third quarter of 2016 and the calendar year-to-date uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts.

Full Report