Releases

IFO Releases

Budget and Economic Update Presentation

March 31, 2021 | News Stand & Other

Deputy Director Brenda Warburton and Revenue Analyst Jesse Bushman gave a presentation to the Marcellus Shale Coalition regarding the Commonwealth’s economic and budget outlook and recent natural gas trends.

Tags: budget, economic, employment, gas, presentation

Full Report

House Budget Hearing Request

March 23, 2021 | News Stand & Other

The IFO responded to a question raised at the office’s budget hearing before the House Appropriations Committee. The question was related to the indirect costs associated with state marijuana legalization that may not be reflected in official revenue estimates.

Tags: budget, hearing

Full Report

March 2021 Economic Update

March 22, 2021 | Revenue & Economic Update

The March 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

Full Report

Projecting the Components of the Act 1 Index

March 17, 2021 | Property Tax

Director Matt Knittel made a presentation to PASBO regarding the IFO’s recent computation of the Act 1 Index.

Tags: presentation, property

Full Report

Budget and Economic Update Presentation

March 11, 2021 | News Stand & Other

Director Matt Knittel gave a presentation to CompetePA on the state budget, federal stimulus and various revenue proposals.

Tags: budget, economic, presentation

Full Report

Testimony on Minimum Wage

March 11, 2021 | News Stand & Other

Director Matt Knittel made a brief presentation to the House Commerce Committee on the proposal to raise the minimum wage. The hearing was originally scheduled for February 16, 2021 but was rescheduled to March 11, 2021.

Tags: minimum, wage

Full Report

Budget Hearings Packet for Appropriations Committees

March 04, 2021 | News Stand & Other

The Independent Fiscal Office submitted materials to the House and Senate Appropriations Committees ahead of its scheduled budget hearings. This packet examines the minimum wage, personal and corporate income tax and other proposals included in the FY 2021-22 Executive Budget.

Tags: budget, hearing

Full Report

Natural Gas Production Report, 2020Q4

March 02, 2021 | Natural Gas

This report for the fourth quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 

Tags: gas, production

Full Report

February 2021 Revenue Update

March 01, 2021 | Revenue & Economic Update

The Commonwealth collected $2.68 billion in General Fund revenues for February, an increase of $516.3 million (23.8%) compared to February 2020.

Tags: estimates, monthly, revenue

Full Report