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 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

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

IFO State Government Committee Hearing

August 30, 2017 | Other Documents and Requests

Director Matthew Knittel will testify in front of the House of Representatives’ State Government Committee to provide the committee with information regarding the IFO’s administration of laws under the jurisdiction of the State Government Committee.

Full Report

Memo to Joint State Government Commission (HR 910 of 2016)

August 01, 2017 | Other Documents and Requests

On June 2, 2017, the Independent Fiscal Office submitted a memo to the Joint State Government Commission containing work product for HR 910 of 2016.  The linked document is a copy of that memo. 

Full Report

Like-Kind Exchange Analysis

July 10, 2017 | Other Documents and Requests

The IFO responds to a request regarding the economic benefit and tax revenue impact from eliminating Pennsylvania personal income tax on like-kind exchanges.

Full Report

PLEA Wage Contract Analysis

July 05, 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 Liquor Enforcement Association (PLEA).

Full Report

Actuarial Note for Senate Bill 1; A01354 and A01558

June 03, 2017 | Other Documents and Requests

The actuarial note analyzes a proposal to amend the Public School Employees' Retirement Code and the State Employees' Retirement Code to (1) require most new employees to select one of three new plan design options and (2) make certain actuarial funding changes. The plan design options include two hybrid plans consisting of defined benefit and defined contribution components. The third option is a stand-alone defined contribution plan. 

On June 5, 2017 the IFO updated the actuarial note by clarifiying certain language in the summary of Senate Bill 1. A list of the changes is available here

Full Report

Philadelphia Cigarette & Beverage Tax Impact

March 13, 2017 | Other Documents and Requests

The IFO responds to a request regarding the impact of Philadelphia’s local cigarette and beverage taxes on state revenue collections.

The letter has been revised to include current footnotes 3 and 6, which provide additional context for the assumptions used by the analysis.  (Revised on March 20, 2017)

Full Report

Horse Racing Analysis

March 13, 2017 | Other Documents and Requests

Act 7 of 2016 requires the Independent Fiscal Office (IFO) to provide technical assistance to the Joint State Government Commission (JSGC) for a study related to various aspects of the Pennsylvania horse racing industry. The IFO agreed to provide analysis and text necessary to address the statutory requirement that the report include “a determination of the economic return to the Commonwealth, racetrack operators, horsemen, breeders and other stakeholders on the investment of gaming assessments collected under the act of July 5, 2004 (P.L.572, No.71).”

This report is the IFO's submission to the JSGC in fulfillment of this requirement.

Note: Tables D and I (pages 8 and 21) and supporting text were updated since the original publication. (Revised March 13, 2017)

Letter to JSGC (March 13, 2017)

Letter to Rep. Stephens in response to questions regarding the IFO analysis. (March 28, 2017)

Full Report

House Budget Hearing Requests

March 10, 2017 | Other Documents and Requests

The IFO provided additional information to members of the House Appropriations Committee in response to requests made at its recent budget hearing. 

Full Report