Releases

IFO Releases

BUDGET AND ECONOMIC UPDATE PRESENTATION

March 31, 2022 | News Stand & Other

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

Tags: gas, marcellus, natural, presentation, shale

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Assumptions Used by RGGI Model

March 28, 2022 | News Stand & Other

Director Matthew Knittel provided brief testimony on the model assumptions used by a consultant to estimate the impact on Pennsylvania from joining RGGI.

Tags: rggi, testimony

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Senate Budget Hearing Request

March 21, 2022 | News Stand & Other

The Independent Fiscal Office (IFO) responded to two questions raised at the office’s budget hearing before the Senate Appropriations Committee. The questions relate to an update of the IFO’s five-year projections for revenues and expenditures that incorporates the proposed initiatives in the Governor’s Executive Budget and an estimate of school district property taxes paid by seniors.

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House Budget Hearing Request

March 21, 2022 | News Stand & Other

The IFO responded to a question raised at the office’s budget hearing before the House Appropriations Committee. The question relates to the impact of the COVID-19 pandemic on employment by race.

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March 2022 Monthly Economic Update

March 18, 2022 | 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, update

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Corporate Net Income Tax Proposals

March 15, 2022 | News Stand & Other

The IFO responded to a request from Appropriations Committee Chairman Saylor for a dynamic revenue estimate of three corporate net income tax proposals.

Tags: corporate, income, legislative, net, request

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Pennsylvania Electricity Update

March 14, 2022 | News Stand & Other

This research brief uses data from the U.S. Energy Information Administration to provide a general overview of the Pennsylania electricity market. 

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PBB Overview Presentation for PDE

March 09, 2022 | Performance Budgeting

IFO presentation of Performance-Based Budget overview and agency highlights for the Pennsylvania Department of Education is posted on the website.

Tags: budgeting, performance

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Is the Student Loan Moratorium Impacting Employment?

March 08, 2022 | News Stand & Other

The federal student loan moratorium enters its third year. The IFO posted a research brief that examines the impact of the COVID-19 pandemic (and related federal policies) on payroll employment and employment-to-population ratios by age group. Despite record-level job openings, the latest data for 2021 Q2 show the largest relative reductions for young workers, many of whom have student loans. By contrast, early retirements appear to have played a smaller role in decades-low labor force participation rates.

Tags: brief, loans, research, student

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Economic and Budget Update Presentation

March 04, 2022 | News Stand & Other

Deputy Director Brenda Warburton presented on the Commonwealth’s economic and budget outlook at a session of the Pennsylvania Education Policy and Leadership Center.

The presentation was updated on March 18, 2022 for a technical change on slide 30.

Tags: budget, demographics, economic, estimates, presentation

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