Releases

IFO Releases

FIVE YEAR ECONOMIC AND BUDGET OUTLOOK

November 15, 2018 | Revenue Estimates

TODAY'S PRESENTATION CANCELLED

This report examines the demographic, economic, revenue and expenditure trends that will affect the Commonwealth’s fiscal condition through fiscal year (FY) 2023-24. Based on the economic and demographic assumptions used by this report, the evaluation finds that various factors imply a long-term fiscal imbalance.

IFO Press Release

IFO Presentation

Kling Presentation

Smetters Presentation

Full Report

October 2018

November 01, 2018 | Monthly Trends Reports

The Commonwealth collected $2.5 billion in General Fund revenues for October, an increase of $299 million (13.7%) compared to October 2017. Fiscal year-to-date revenues are $10.0 billion, an increase of $0.9 billion (10.1%) from the prior year.

Full Report

IFO News Stand - October Edition

October 17, 2018 | News Stand & Other

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

Full Report

Performance-Based Budgeting Update

October 16, 2018 | Performance Budgeting

On October 15, Deputy Director Brenda Warburton gave a presentation to the Performance-Based Budget Board which provided an update regarding Act 48 implementation.

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Revenue and Economic Update

October 09, 2018 | News Stand & Other

Director Matthew Knittel made a brief presentation to the House Financial Rescue Caucus on October 9, 2018 on recent revenue and economic trends for the U.S. and Pennsylvania.

 

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September 2018

October 01, 2018 | Monthly Trends Reports

The Commonwealth collected $3.0 billion in General Fund revenues for September, an increase of $322 million (11.9%) compared to September 2017. Fiscal year-to-date revenues are $7.6 billion, an increase of $0.6 billion (9.0%) from the prior year.

Full Report

August 2018

September 04, 2018 | Monthly Trends Reports

The Commonwealth collected $2.3 billion in General Fund revenues for August, an increase of $145 million (6.8%) compared to August 2017. Fiscal year-to-date revenues are $4.5 billion, an increase of $0.3 billion (7.1%) from the prior year.

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NATURAL GAS PRODUCTION REPORT, 2018Q2

August 30, 2018 | Natural Gas

This report for the second quarter of 2018 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts.

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Tax Cut and Jobs Act Update- August 2018

August 24, 2018 | News Stand & Other

In response to a legislative request, the IFO submitted a letter that discusses the impact of the federal Tax Cut and Jobs Act (TCJA) of 2017 on Pennsylvania General Fund tax revenues and the economy.

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IFO News Stand - August Edition

August 20, 2018 | News Stand & Other

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

Full Report