Releases

IFO Releases

Impact of COVID-19 on the State Economy

April 13, 2021 | News Stand & Other

Director Matthew Knittel gave a brief presentation to the Senate Majority Policy Committee on the impact of COVID-19 on the state economy.

Tags: coronavirus, economy, presentation

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Senate Budget Hearing Request

April 09, 2021 | News Stand & Other

The Independent Fiscal Office (IFO) responded to several questions raised at the office's budget hearing before the Senate Appropriations Committee. The questions relate to the impact of the COVID-19 pandemic on employment based on gender, net domestic migration for Pennsylvania and border states, and education sector employment for Pennsylvania and border states.

Tags: budget, hearing

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March 2021 Revenue Update

April 01, 2021 | Revenue & Economic Update

The Commonwealth collected $4.84 billion in General Fund revenues for March, an increase of $407.9 million (9.2%) compared to March 2020.

Tags: estimates, monthly, revenue

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Budget and Economic Update Presentation

March 31, 2021 | News Stand & Other

Deputy Director Brenda Warburton and Revenue Analyst Jesse Bushman gave a presentation to the Marcellus Shale Coalition regarding the Commonwealth’s economic and budget outlook and recent natural gas trends.

Tags: budget, economic, employment, gas, presentation

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House Budget Hearing Request

March 23, 2021 | News Stand & Other

The IFO responded to a question raised at the office’s budget hearing before the House Appropriations Committee. The question was related to the indirect costs associated with state marijuana legalization that may not be reflected in official revenue estimates.

Tags: budget, hearing

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March 2021 Economic Update

March 22, 2021 | Revenue & Economic Update

The March edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 

Tags: economic, monthly, news

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Projecting the Components of the Act 1 Index

March 17, 2021 | Property Tax

Director Matt Knittel made a presentation to PASBO regarding the IFO’s recent computation of the Act 1 Index.

Tags: presentation, property

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Budget and Economic Update Presentation

March 11, 2021 | News Stand & Other

Director Matt Knittel gave a presentation to CompetePA on the state budget, federal stimulus and various revenue proposals.

Tags: budget, economic, presentation

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Testimony on Minimum Wage

March 11, 2021 | News Stand & Other

Director Matt Knittel made a brief presentation to the House Commerce Committee on the proposal to raise the minimum wage. The hearing was originally scheduled for February 16, 2021 but was rescheduled to March 11, 2021.

Tags: minimum, wage

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Budget Hearings Packet for Appropriations Committees

March 04, 2021 | News Stand & Other

The Independent Fiscal Office submitted materials to the House and Senate Appropriations Committees ahead of its scheduled budget hearings. This packet examines the minimum wage, personal and corporate income tax and other proposals included in the FY 2021-22 Executive Budget.

Tags: budget, hearing

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