Releases

IFO Releases

2021 Impact Fee Estimate

January 18, 2022 | Natural Gas

This report uses recent data published by the Department of Environmental Protection to project CY 2021 Impact Fee collections (remitted April 2022). Collections are estimated to be $233.8 million, an increase of $87.6 million from the prior year.

Tags: fee, gas, impact

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January 2022 Monthly Economic News

January 17, 2022 | Revenue & Economic Update

The January 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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Employment Opportunity

January 04, 2022 | News Stand & Other

The IFO is accepting applications for employment from qualified candidates. See the job posting for further details.

Tags: job, posting

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December 2021 Revenue Update

January 03, 2022 | Revenue & Economic Update

The Commonwealth collected $3.85 billion in General Fund revenues for December, an increase of $162.3 million (4.4%) compared to December 2020. 

Tags: estimates, monthly, revenue

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December 2021 Economic Update

December 07, 2021 | Revenue & Economic Update

The December 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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November 2021 Revenue Update

December 01, 2021 | Revenue & Economic Update

The Commonwealth collected $6.62 billion in General Fund revenues for November, an increase of $4.28 billion (183.1%) compared to November 2020. 

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Pennsylvania Economic Development Incentives

November 29, 2021 | News Stand & Other

This research brief presents data on Pennsylvania economic development incentives for fiscal years (FY) 2015-16 through FY 2020-21. The tables provide annual detail on tax credit utilization or awards, state spending or grants, job training programs and state loan programs. The brief also highlights recent changes to incentive programs spending or utilization.

Tags: brief, credits, development, economic, incentives, research, tax

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Natural Gas Production Report, 2021Q3

November 22, 2021 | Natural Gas

This report for the third quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts.

Tags: gas, production

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Economic Outlook and Property Tax Update

November 16, 2021 | News Stand & Other

Analyst Jesse Bushman made a presentation to PASBO regarding the IFO’s recent Five-Year Economic and Budget Outlook and School District Property Tax Forecast.

Tags: demographic, outlook, property, revenue

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Five-Year Economic and Budget Outlook

November 15, 2021 | Revenue Estimates

The Independent Fiscal Office (IFO) released its five-year Economic and Budget Outlook. Click the hyperlink above to view the report and presentations.

Tags: budget, economic, outlook

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