IFO Releases
Natural Gas Production Report: 2025 Q1
June 04, 2025 | Energy
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.
Proposed SNAP Changes: Budget Impact
June 03, 2025 | Economics and Other
As part of the draft reconciliation bill, the US House proposed to increase the state share of costs for the Supplemental Nutrition Assistance Program (SNAP). This research brief describes the proposed changes and the potential impact on the state budget.
School District Property Tax Update
June 02, 2025 | Property Tax
The IFO released an updated school district property tax forecast. The report projects revenues and the Act 1 index through FY 2026-27 and provides an overview of recent trends in school district funding.
May 2025 Revenue Update
June 02, 2025 | Revenue & Economic Update
The Commonwealth collected $3.23 billion in General Fund revenues for May, a decrease of $124 million compared to May 2024.
Summary and Analysis of Annual PSERS Stress Test Report
May 30, 2025 | Pension Analysis
Pursuant to Act 128 of 2020, the IFO issued a report that summarizes results from the Public School Employees Retirement System’s (PSERS) recent stress test report. Based on PSERS’ baseline projections, the IFO projects that from FY 2025-26 to FY 2053-54, the Commonwealth will use $50.8 billion in General Fund revenues (2.3%) for the state’s share of public school 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 assumptions.
Initial Revenue Estimate FY 2025-26
May 20, 2025 | Revenue Estimates
The IFO released its initial revenue estimate for FY 2025-26. Click the hyperlink above to view the report and presentation.
Sports, Marketing & Tourism Series: 2024 U.S. Women’s Open
May 12, 2025 | Economics and Other
The IFO published an economic impact report for the 2024 U.S. Women’s Open which took place May 30 to June 2, 2024 at the Lancaster Country Club. The analysis finds that economic activity related to the event supported 147 full-time equivalent jobs and generated $14.1 million in in-state spending, nearly $570,000 in state sales and use tax and $560,000 in personal income tax revenue.
Initial Revenue Estimate Announcement
May 07, 2025 | Revenue Estimates
The IFO will release its Initial Revenue Estimate on Tuesday, May 20th at 1:30 PM. The report will contain revisions to the FY 2024-25 estimate and an initial estimate for FY 2025-26. See the announcement for a link to register for the presentation.
April 2025 Revenue Update
May 01, 2025 | Revenue & Economic Update
The Commonwealth collected $6.21 billion in General Fund revenues for April, an increase of $528 million compared to April 2024.
Pennsylvania Unemployment Claims Tracker
April 29, 2025 | Economics and Other
This economic brief tracks the latest claims for unemployment compensation (UC) for all covered workers and federal workers only. The IFO is tracking these claims in preparation for its May 20 initial revenue estimate.