IFO Releases
Economic Forecast Summit Presentation
February 28, 2017 | Economics and Other
Director Matthew Knittel provided a budget and economic update to the Fifth Annual Economic Forecast Summit sponsored by the Pennsylvania Chamber Educational Foundation and the Pennsylvania Bankers Association.
Budget Hearing Packet for Appropriations Committees
February 16, 2017 | Economics and Other
The IFO has compiled information for the House and Senate Appropriations Committees in advance of its scheduled testimony on Tuesday, February 21.
The hearing packet contains a brief background on the Independent Fiscal Office and its responsibilities, along with a list of the reports and analyses published since January 2016. It also provides data regarding the economic and revenue outlook, demographics, pensions, and natural gas.
Pennsylvania Gaming Trends
February 13, 2017 | Economics and Other
This research brief contains current and historical trends for casino gaming, pari-mutuel gaming and the lottery. The brief also presents casino gaming revenues, tax rates and effective tax rates for adjacent states, which likely influence trends for Pennsylvania. The final section displays how revenues from the three types of gaming were used in the state budget for the most recent year of actual data, FY 2015-16.
Long-Term Fiscal Outlook
February 10, 2017 | Economics and Other
Deputy Director Mark Ryan made a presentation at a session of the Pennsylvania Education Policy Fellowship Program regarding the Commonwealth's long-term fiscal outlook. The presentation summarized the office's five-year economic and budget outlook (November 2016) as well as more recent updates to the office's revenue estimates for FY 2016-17 and FY 2017-18 (January 2017). The presentation also addressed the office's most recent estimate for school property tax collections.