IFO Releases

Labor Market Update - June 23, 2021

June 23, 2021 | Economics and Other

The IFO released its second edition of a new monthly publication that tracks conditions in the state labor market. Despite significant federal stimulus and job openings/quit rates at series highs, the May payroll jobs data do not reveal any reduction in pandemic-related job losses. 

Tags: labor, market, update

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Official Revenue Estimate FY 2021-22

June 22, 2021 | Revenue Estimates

The Independent Fiscal Office (IFO) released its official revenue estimate for FY 2021-22. Updated estimates for FY 2020-21 are included.


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Economic and Revenue Update

June 17, 2021 | Economics and Other

Director Matthew Knittel provided a brief economic and revenue update for the PACP Chamber Day.

Tags: budget, economic, presentation

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June 2021 Economic Update

June 17, 2021 | Revenue & Economic Update

The June 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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Impact Fee Update and Outlook 2021

June 09, 2021 | Energy

This update examines 2020 impact fee collections and provides an outlook for 2021. The Commonwealth collected $146.3 million in impact fees for 2020, a $54.1 million decrease from 2019 and the lowest amount since the fee's inception.

Tags: gas

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Labor Market Update- June 2021

June 03, 2021 | Economics and Other

The IFO issued a new monthly publication that tracks the state labor market. The data show that the pace of payroll jobs creation has stagnated despite significant federal stimulus.

Tags: labor, market, update

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May 2021 Revenue Update

June 01, 2021 | Revenue & Economic Update

The Commonwealth collected $3.95 billion in General Fund revenues for May, an increase of $1.84 billion (87.5%) compared to May 2020.

Tags: estimates, monthly, revenue

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