The IFO published a new research brief that details potential savings from shared-gain provisions at the two state pension systems beginning in FY 2026-27 (SERS) and FY 2027-28 (PSERS). Using data from the most recent actuarial valuations and current market conditions, the brief estimates that SERS members will save $15 million per annum and PSERS members will save $41 million per annum for three fiscal years, and that savings will grow as salaries grow. Examples for employees in different membership classes and wage levels are also provided.
The IFO submitted an economic impact report for the Major League Baseball Little League Classic in Lycoming County (August 2025) to the General Assembly. The analysis finds that economic activity related to the event generated $2.6 million in statewide spending and $181,000 in select state and local taxes.
The Independent Fiscal Office (IFO) released its official revenue estimate for FY 2026-27. Updated estimates for FY 2025-26 are included.
Director Knittel provided a Budget and Economic Update to the Pennsylvania Aggregates and Concrete Association.
This budget brief provides an update to Medical Assistance (MA) enrollment and funding in Pennsylvania. As of April 2026, 2.95 million residents were enrolled in MA programs, at a projected fiscal year (FY) 2025-26 cost of $53.9 billion in state and federal funds. MA enrollment declined from 3.05 million (April 2025) to 2.95 million residents (April 2026, -3.3%).
This update examines 2025 impact fee collections and provides an outlook for 2026. Collections totaled $243.9 million for 2025, an increase of $79.3 million from 2024.
This research brief examines the implications of migration trends since 2020 for the state working age population (age 18 to 64). Although that group has contracted for five consecutive years, the latest data show an expansion of the state labor force due to higher labor force participation rates.
This document uses data from the Pennsylvania Department of Environmental Protection, the U.S. Energy Information Administration and Natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices.
The Commonwealth collected $3.31 billion in General Fund revenues for May, an increase of $73 million compared to May 2025.
The IFO released an updated school district property tax forecast. The report projects revenues and the Act 1 index through FY 2027-28 and provides an overview of recent trends in school district funding.