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Economic and Budget Update

April 19, 2023 | Economics and Other

Release thumbnail - Economic and Budget Update - 2023-04-19

The IFO presented an Economic and Budget Update to the PA Motor Truck Association.

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Revenue Estimates
Revenue & Economic Update
Performance Budgeting
Energy
Pension Analysis
Property Tax
Wage Contracts
Tax Credit Review
Economics and Other

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(Apr 13) - opens in a new tab Over past decade, state income and sales tax expanded at nearly twice the rate as local school district property tax. See: ifo.state.pa.us/Resources/Docu… pic.x.com/EAd1xy7Yps
(Apr 07) - opens in a new tab A new IFO analysis finds the Banana Ball Summer Series (July 2025, Allentown) attracted an estimated 19,000 visitors and generated $1.6 million in spending. Report: ifo.state.pa.us/Resources/Docu… pic.x.com/rS4BHxUP56
(Apr 06) - opens in a new tab From 2022 to 2023, IRS tax data show strongest resident and income flows from Pennsylvania urban to suburban counties. See: ifo.state.pa.us/Resources/Docu… pic.x.com/b1YmpN5rJs

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