IFO Releases

July 2020 Economic Update

July 23, 2020 | Revenue & Economic Update

The July edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 

Tags: economic, monthly, news

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COVID-19 Impact on Local Revenues

July 16, 2020 | News Stand & Other

In response to a legislative request, the Independent Fiscal Office examined how the COVID-19 pandemic and mandated business closures could impact local earned income taxes (EIT), property taxes and gaming revenues received by municipalities, counties and school districts for the current year.

Tags: local, revenue

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Pennsylvania Impact Fee and Natural Gas Trends Presentation

July 14, 2020 | Natural Gas

Revenue Analyst Jesse Bushman made a presentation to the Center for Energy Policy and Management at Washington & Jefferson College regarding regional natural gas trends and how they are affecting the state's Impact Fee.

Tags: gas, presentation

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PSEA Wage Contract Analysis

July 02, 2020 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State  Education Association (PSEA), Non-Tenured Teachers Unit.

Tags: contract, wage

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June 2020 Revenue Update

July 01, 2020 | Revenue & Economic Update

The Commonwealth collected $32.28 billion for FY 2019-20, a decline of $2.58 billion (-7.4 percent) from the prior fiscal year. The IFO projects that business closures and mitigation efforts related to the COVID-19 virus resulted in (1) $1.36 billion in lost revenue from reduced economic activity and (2) $1.91 billion that shifts to FY 2020-21 as a result of extended tax due dates. 

Tags: estimates, monthly, revenue

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