IFO Releases
Pennsylvania Fiscal Update
February 28, 2018 | Economics and Other
Director Matthew Knittel provided a fiscal update for the state at a conference hosted by the Pittsburgh Chamber of Commerce.
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Budget Hearings Packet for Appropriations Committees
February 16, 2018 | Economics and Other
The Independent Fiscal Office submitted material to the House and Senate Appropriations Committees in advance of its scheduled budget hearings on Tuesday, February 20.
The hearings packet contains a brief background on the Independent Fiscal Office and its responsibilities, along with a list of the reports and analyses published since January 2017. It also provides data regarding the economic and revenue outlook, demographics, pensions, and natural gas.
SPECIAL FUND RECEIPTS AND DISBURSEMENTS
February 15, 2018 | Economics and Other
In response to a legislative request, the IFO compiled certain data presented in the Governor’s Executive Budget for various years to produce a multi-year history of receipts and disbursements for selected special funds. The letter identifies certain special fund budgeting and reporting issues that should be considered when analyzing the data. The letter also provides computations for a potential budget increase factor based on the annual increases in population and the consumer price index.
State and Local Taxes: A Comparison Across States
February 01, 2018 | Economics and Other
This report uses the most recent data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative state and local tax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels.