Releases

IFO Releases

October 2021 Economic Update

October 07, 2021 | Revenue & Economic Update

The October 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, update

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Demographic and Labor Market Update

October 06, 2021 | News Stand & Other

Director Matthew Knittel provided a demographics and labor market update to the Lancaster Chamber of Commerce.

Tags: demographic, labor, market, presentation

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SEPTEMBER 2021 REVENUE UPDATE

October 01, 2021 | Revenue & Economic Update

The Commonwealth collected $4.00 billion in General Fund revenues for September, an increase of $741.3 million (22.7%) compared to September 2020.

Tags: estimates, monthly, revenue

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COVID-19 Impact on Pennsylvania Deaths

September 30, 2021 | News Stand & Other

This research brief uses preliminary data for 2020 and 2021 (through September) to compute excess deaths above pre-COVID historical trends in the Commonwealth for those two years. The analysis finds 20,700 excess deaths in 2020 and projects 6,700 excess deaths for 2021.

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Public Pension Status and Outlook

September 28, 2021 | Pension Analysis

The IFO released a research brief that provides a status update and outlook for public pension systems in Pennsylvania. Data for state and local systems show that while the fiscal health of public pension systems has improved in recent years, the overall unfunded liability remains significant.

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PBB Addendums and Updated KSDZ Tax Credit Report Presentation

September 28, 2021 | Performance Budgeting

The IFO presented the PBB Addendums and revised KSDZ Tax Credit report to the Performance Based Budget Board.

Tags: based, budget, credit, performance, tax

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2019 Wage Contracts Summary Table

September 27, 2021 | Wage Contracts

This table provides an up-to-date summary of the recent wage contracts analyzed by the IFO. Additional estimates will be provided after the relevant contract detail has been transmitted to the IFO by the Office of Administration.

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UGSOA Wage Contract Analysis

September 27, 2021 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the United Government Security Officers of America (UGSOA).

Tags: contract, wage

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Department of Military and Veterans Affairs

September 24, 2021 | Performance Budgeting

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the third year, the IFO reviewed the Department of Transportation, Department of Human Services (Part 2), Department of Military and Veterans Affairs and Pennsylvania State Police.

Click on the link to access the performance-based budget review for the Department of Military and Veterans Affairs.

Tags: budgeting, performance

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Department of Human Services - Part 2

September 24, 2021 | Performance Budgeting

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the third year, the IFO reviewed the Department of Transportation, Department of Human Services (Part 2), Department of Military and Veterans Affairs and Pennsylvania State Police.

Click on the link to access the performance-based budget review for the Department of Human Services (Part 2).

Tags: budgeting, performance

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