As a follow up to its annual Fiscal Outlook, the IFO released a one page summary that examines factors that contributed to the rapid expansion of the General Fund structural deficit.
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 IFO released an updated forecast of the Act 1 Index, which limits school district property tax rate increases. The report projects the index through FY 2030-31 and provides an overview of recent usage of the index by school districts.
The Commonwealth collected $3.02 billion in General Fund revenues for November, an increase of $90 million compared to November 2024.
Pursuant to Act 128 of 2020, the IFO issued a report that summarizes results from the State Employee Retirement System’s (SERS) recent stress test report. Based on SERS baseline projections, the IFO projects that over the next 20 years, Commonwealth agencies will use $22.0 billion in General Fund revenues (1.7%) for employer pension contributions. Relative to baseline projections, the report also summarizes the impact from scenarios that allow investment performance to exceed and fall short of baseline assumptions.
This report uses data from the U.S. Census Bureau, the U.S. Bureau of Economic Analysis (BEA), the National Center for Education Statistics and the U.S. Department of Transportation to facilitate a comparison of state and local government expenditures by major spending category across the 50 states. The report (1) examines Pennsylvania expenditures by category (e.g., education) over time, (2) compares Pennsylvania expenditures to other states and the U.S. average and (3) ranks the distribution of major spending categories by state.
This economic brief tracks the latest claims for unemployment compensation (UC) for all Pennsylvania covered workers and federal workers only.
This report provides revised monthly General Fund revenue estimates for FY 2025-26 based on projections contained in the Official Revenue Estimate published by the IFO on June 20, 2025 (includes adjustments released with the original monthly estimates in August 2025) adjusted to reflect the impact of statutory changes that were enacted in conjunction with the state budget in November 2025.
The Independent Fiscal Office released a one-page summary of highlights of its annual Fiscal Outlook for the General Fund. See the full report for additional detail not included in the one-page summary.
The Independent Fiscal Office (IFO) released its five-year Fiscal Outlook. Click the hyperlink above to view the report and presentation.