Releases

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

IFO Releases

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

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