April 20, 2018 | Research Briefs and Special Reports
The first edition of our monthly newsletter – The IFO News Stand. The new release provides links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends.
March 13, 2018 | Research Briefs and Special Reports
In response to a legislative request, the IFO estimated the fiscal impact of a school property tax rebate for all homesteads. The rebate would be equal to the statewide average school property tax paid by homesteads. The response includes both baseline estimates for currently eligible homesteads and estimates for a behavioral effect based on the filing of additional homestead applications in response to the availability of rebates.
February 15, 2018 | Research Briefs and Special Reports
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.
February 01, 2018 | Research Briefs and Special Reports
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.
January 31, 2018 | Research Briefs and Special Reports
This research brief uses recent data published by the Department of Environmental Protection to project CY 2017 Impact Fee collections in Pennsylvania. Revised for technical factor on 2/22/2018.
January 18, 2018 | Research Briefs and Special Reports
This research brief contains the IFO's forecasted school district property tax collections from FY 2016-17 through FY 2022-23. The brief also contains estimates of school district property tax collections that can be attributed to homestead property.
Total school property tax collections for FY 2016-17 ($14.0 billion) and FY 2017-18 ($14.4 billion) are estimated using millage rates published by the Pennsylvania Department of Education and property tax assessment data. For FY 2018-19 through FY 2022-23, collections are projected based on the statutory, economic and structural factors that affect growth rates of property taxes. During that period, total school property tax collections are projected to grow by an average annual rate of 3.3 percent, reaching $17.0 billion by FY 2022-23.
December 26, 2017 | Research Briefs and Special Reports
In response to a legislative request, the IFO compared the growth of state tax revenues to certain economic metrics to ascertain the responsiveness of revenues to economic growth across states.
December 13, 2017 | Research Briefs and Special Reports
In response to a legislative request, the IFO reviewed overtime paid to nurses employed by the Department of Corrections (DOC).
December 11, 2017 | Research Briefs and Special Reports
In response to a legislative request, the IFO analyzed data from the American Community Survey (ACS) to estimate the share of school property taxes paid by households in which the householder (or spouse, if applicable) had attained the ages 60 or over, 65 or over and 70 or over. The analysis applies the shares derived from the ACS to estimated school district property tax collections attributable to homestead properties for FY 2015-16 to further estimate the dollar amounts paid by such households.
December 06, 2017 | Research Briefs and Special Reports
As an extension of its recent research relating to property taxes, the IFO has released additional data regarding homestead property. Estimates for the numbers and assessed values of homestead properties by county are based, in large part, on the results of a survey of county assessment offices. The County Commissioners Association of Pennsylvania provided valuable assistance by coordinating the survey. Data for Philadelphia has been adjusted based on new information provided by the Philadelphia Department of Revenue.