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.
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.
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.
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.
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.
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.
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).
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.
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.
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.