Releases

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

IFO Releases

Corporate Net Income Tax Rate Reduction

April 11, 2018 | Other Documents and Requests

The IFO responds to a legislative request regarding the state corporate net income tax (CNIT). The report contains an analysis of state CNIT rates, their impact on revenues and a proposal to reduce the Pennsylvania CNIT rate. 

Full Report

Neighborhood Assistance Program Tax Credit

April 02, 2018 | Other Documents and Requests

The IFO responds to a request regarding the Neighborhood Assistance Program Tax Credit. 

Full Report

Pennsylvania Natural Gas Royalties

March 23, 2018 | Other Documents and Requests

The IFO responds to a request regarding natural gas royalty payments in Pennsylvania.

Based on draft statutory language provided by the Administration regarding the deductibility of the proposed severance tax from royalty payments, footnote 7 was added to the original letter. (March 23, 2018)

Full Report

Owner-Occupied Housing Units by Age of Householder - a Multi-Jurisdiction Comparison

March 12, 2018 | Other Documents and Requests

The Independent Fiscal Office responded to a question raised at the office's recent budget hearing before the Senate Appropriations Committee. A committee member asked how Pennsylvania compares to other states regarding the share of owner-occupied households in which the homeowner is age 60 or over. The response includes multi-jurisdiction comparisons for householders who are age 60 or over, age 65 or over and age 75 or over. 

Full Report

UGSOA Wage Contract Analysis

March 08, 2018 | Other Documents and Requests

Section 604-B(a)(8) of Act 100 of 2016 (Act of July 20, 2016, P.L. 849, No. 100) requires the Independent Fiscal Office (IFO) to:

Provide a cost analysis for the current fiscal year and remaining subsequent fiscal years of the impact of each proposed collective bargaining agreement under the jurisdiction of the Governor prior to execution, including the costs to cover public employee wages, benefits, pensions and working conditions that have been reduced in writing under section 701 of the act of July 23, 1970 (P.L. 563, No. 195), known as the Public Employe Relations Act.

Full Report

Budget Hearings Packet for Appropriations Committees

February 16, 2018 | Other Documents and Requests

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.

Testimony

Supplemental Table

Full Report

ALES Wage Contract Analysis

February 16, 2018 | Other Documents and Requests

Section 604-B(a)(8) of Act 100 of 2016 (Act of July 20, 2016, P.L. 849, No. 100) requires the Independent Fiscal Office (IFO) to:

Provide a cost analysis for the current fiscal year and remaining subsequent fiscal years of the impact of each proposed collective bargaining agreement under the jurisdiction of the Governor prior to execution, including the costs to cover public employee wages, benefits, pensions and working conditions that have been reduced in writing under section 701 of the act of July 23, 1970 (P.L. 563, No. 195), known as the Public Employe Relations Act.

Full Report

Performance-Based Budget and Tax Credit Review Schedule

January 30, 2018 | Other Documents and Requests

The IFO has posted the schedule for upcoming performance-based budgets and tax credit reviews.

Full Report

Increased Spending Allowed under House Bill 110

January 23, 2018 | Other Documents and Requests

The IFO responds to a request regarding the percentage increase in spending allowed under House Bill 110. 

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