Releases

As of July 2015, the Economic and Revenue Reports have been discontinued. They are now included in the Monthly Trend Reports.

IFO Releases

Five Year Economic and Budget Outlook

November 16, 2017 | Revenue Estimates

This report examines the demographic, economic, revenue and expenditure trends that will affect the Commonwealth’s fiscal condition through fiscal year (FY) 2022-23. Based on the economic and demographic assumptions used by this report, the evaluation finds that various factors imply a long-term fiscal imbalance.

Press Release

IFO Presentation

PEW Presentation

Full Report

School Property Tax and Related Data

November 13, 2017 | Research Briefs and Special Reports

In response to a legislative request, the IFO collected and analyzed certain data related to school property taxes and potential replacement revenues. 

Full Report

Five-Year Outlook Press Release

November 09, 2017 | Other Documents and Requests

The Independent Fiscal Office will release a new five-year economic and budget outlook on Thursday, November 16th. The office has scheduled a public presentation for 2:00 p.m. that day on the 14th floor of Harrisburg University to discuss the report’s findings. 

Full Report

Quarterly Revenue Review 2017 Q3

November 03, 2017 | Revenue Estimates

The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and actual collections.

Full Report

October 2017

November 01, 2017 | Monthly Trends Reports

The Commonwealth collected $2.2 billion in General Fund revenues for October, a decrease of $59.3 million (-2.7%) compared to October 2016. Fiscal year-to-date revenues were $9.1 billion, an increase of $259.2 million (2.9%) from the prior year.

Full Report

Pennsylvania Fiscal Outlook Presentation

October 19, 2017 | Presentations

Director Matthew Knittel addressed the Society of Municipal Analysts to provide an update on Pennsylvania’s fiscal outlook, demographics and current budget status. 

Full Report

PDA Wage Contract Analysis

October 02, 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 Pennsylvania Doctors Alliance (PDA).

Full Report

September 2017

October 02, 2017 | Monthly Trends Reports

The Commonwealth collected $2.7 billion in General Fund revenues for September, an increase of $92.4 million (3.5%) compared to September 2016. Fiscal year-to-date revenues were $6.9 billion, an increase of $318.6 million (4.8%) from the prior year.

Full Report

Child Care and Early Education Funding in Pennsylvania

September 06, 2017 | Research Briefs and Special Reports

The report provides an overview of the economic impacts of state spending on subsidized child care and no-cost pre-kindergarten programs in Pennsylvania.

Full Report

August 2017

September 01, 2017 | Monthly Trends Reports

The Commonwealth collected $2.1 billion in General Fund revenues for August, an increase of $113.5 million (5.6%) compared to August 2016. Fiscal year-to-date revenues were $4.2 billion, an increase of $226.0 million (5.7%) from the prior year.

Full Report