Releases

IFO Releases

SNAP Emergency Allotments End in February

January 27, 2023 | Economics and Other

The IFO posted a research brief that is the first in a series that examines the end or phase-out of various programs tied to the federal public health emergency that will impact the state economy. The brief quantifies the impact from the end of SNAP emergency allotments in February 2023.

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Analysis of Proposed Changes to State Motor Fuel Taxes

January 26, 2023 | Economics and Other

The IFO published a letter in response to a request from Chairman Grove for a static and dynamic analysis of proposed changes to state motor fuel taxes. The proposal would reduce those taxes and replace lost revenues with motor vehicle sales and use taxes.

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JANUARY 2023 MONTHLY ECONOMIC UPDATE

January 25, 2023 | 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, update

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Economic and Budget Outlook Presentation

January 24, 2023 | Revenue Estimates

The IFO presented results from its five-year outlook report published in November 2022.

Tags: budget, economic, presentation

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PBB Overview Presentation for PID and EO

January 11, 2023 | Performance Budgeting

IFO presentation of Performance-Based Budget overview and agency highlights for the Pennsylvania Insurance Department and the Executive Offices is posted on the website.

Tags: budgeting, performance

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PBB Overview Presentation for DOR

January 10, 2023 | Performance Budgeting

IFO presentation of Performance-Based Budget overview and agency highlights for the Department of Revenue is posted on the website.

Tags: budgeting, performance

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2023 Tax Credit Reviews

January 10, 2023 | Tax Credit Review

IFO presentation of the Manufacturing, Pennsylvania Resource Manufacturing, Rural Jobs and Investment, and Waterfront Development Tax Credit Reviews.

Tags: credit, tax

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PBB Overview Presentation for DCNR and DDAP

January 09, 2023 | Performance Budgeting

IFO presentation of Performance-Based Budget overview and agency highlights for the Department of Conservation and Natural Resources and the Department of Drug and Alcohol Programs is posted on the website.

Tags: budgeting, performance

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Rural Jobs and Investment Tax Credit

January 05, 2023 | Tax Credit Review

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the fifth year, the IFO reviewed the Manufacturing, Resource Manufacturing, Rural Jobs and Investment, and Waterfront Development Tax Credits.

Click on the link to access the Rural Jobs and Investment Tax Credit Report.

Tags: credit, tax

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Resource Manufacturing Tax Credit

January 05, 2023 | Tax Credit Review

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the fifth year, the IFO reviewed the Manufacturing, Resource Manufacturing, Rural Jobs and Investment, and Waterfront Development Tax Credits.

Click on the link to access the Resource Manufacturing Tax Credit Report.

Tags: credit, tax

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