IFO Releases

Initial Revenue Estimate FY 2021-22

May 26, 2021 | Revenue Estimates

The Independent Fiscal Office (IFO) released its initial revenue estimate for FY 2021-22. Click the hyperlink above to view the report and presentation.

Tags: estimates, revenue

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Natural Gas Production Report, 2021Q1

May 24, 2021 | Energy

This report for the first quarter of 2021 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

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Initial Revenue Estimate Announcement

May 19, 2021 | Revenue Estimates

The IFO will release its Initial Revenue Estimate on Wednesday, May 26th at 1:00PM. The report will contain revisions to the FY 2020-21 estimate and an initial estimate for FY 2021-22. See the announcement for a link to register for the presentation.

Tags: estimates, initial, revenue

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May 2021 Economic Update

May 18, 2021 | Revenue & Economic Update

The May 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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Economic Impact of Federal Stimulus

May 10, 2021 | Economics and Other

This research brief examines the impact of certain federal stimulus programs enacted in response to the COVID-19 pandemic on Pennsylvania residents and the economy. It estimates the total amount of federal stimulus provided directly to individuals by income group and considers the impact on employment, output, and whether the infusion of federal monies into the state economy is conducive to raising the state minimum wage.

Tags: brief, economic, federal, impact, research, stimulus

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Performance-Based Budget Board Hearing Request

May 04, 2021 | Tax Credit Review

The IFO responded to a question raised during the Performance-Based Budget Board hearing on April 26, 2021 by providing Neighborhood Assistance Program and the Resource Enhancement and Protection Program Tax Credit awards by region or county.

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April 2021 Revenue Update

May 03, 2021 | Revenue & Economic Update

The Commonwealth collected $3.96 billion in General Fund revenues for April, an increase of $1.78 billion (81.7%) compared to April 2020.

Tags: estimates, monthly, revenue

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