Releases

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

IFO Releases

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

State and Local Taxes: A Comparison Across States

May 31, 2017 | Other Documents and Requests

This report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS) 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. 

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

Senate Budget Hearing Requests

March 10, 2017 | Other Documents and Requests

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

Full Report

ISSU & PSSU Wage Contracts Analysis

March 08, 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 following unions:

  1. Independent State Stores Union (ISSU)

  2. Pennsylvania Social Services Union (PSSU), Hearing Officers

Full Report

Department of Corrections Performance Measures

February 27, 2017 | Other Documents and Requests

At the request of the General Assembly, the IFO has published a performance measurement report for the Department of Corrections (DOC) in advance of the agency’s budget hearings. The report includes agency cost-drivers, performance metrics and multi-state comparisons.

The DOC report arises from the IFO’s 2016 report, “Using Performance Measures in the State Budget,” in which the office outlined options for performance measurement and provided a prototype report that could be integrated into the state budget process and utilized during annual budget hearings.

Full Report