IFO Releases
Department of Education
April 27, 2022 | Performance Budgeting
Act 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fourth year, the IFO reviewed the Departments of Aging, Agriculture, Education, Human Services (Part 3), Labor and Industry and the Pennsylvania Historical and Museum Commission.
Click on the link to access the performance-based budget review for the Department of Education.
Tabled by the PBB Board on January 26, 2022.
The report was updated on January 31, 2022 for technical changes on pages 10, 15 and 16.
The report was updated on April 26, 2022. The amended report includes additions requested by the PBB Board on March 9, 2022.
The board’s request can be viewed here: http://www.ifo.state.pa.us//Resources/Documents/PBB_Board_Amend_03_09_22.pdf
The underlying data for the dot plots can be viewed here: http://www.ifo.state.pa.us//Resources/Documents/DotPlotData.xlsx
Approved by the PBB Board on May 25, 2022.
Tags: budgeting, performance
Department of Aging
April 26, 2022 | Performance Budgeting
Act 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fourth year, the IFO reviewed the Departments of Aging, Agriculture, Education, Human Services (Part 3), Labor and Industry and the Pennsylvania Historical and Museum Commission.
Click on the link to access the performance-based budget review for the Department of Aging.
Approved by the PBB Board on January 25, 2022.
The report was updated on April 26, 2022 to include an addendum to Activity 1.
Tags: budgeting, performance
Property Tax Replacement Estimates
April 15, 2022 | Property Tax
In response to a legislative request, the IFO transmitted a letter that provides updated estimates for potential revenue sources that could replace school district property taxes if eliminated.
Tags: legislative, property, request, tax
April 2022 Monthly Economic Update
April 12, 2022 | Revenue & Economic Update
The April 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.
Analysis of Revenue Proposals in the 2022-23 Executive Budget
April 08, 2022 | Revenue Estimates
This report provides estimates for the revenue proposals contained in the 2022-23 Executive Budget released February 2022. The Independent Fiscal Office (IFO) publishes this report to fulfill its statutory duties as provided under 71 Pa.C.S. § 4104. The act requires that the IFO “provide an analysis, including economic impact, of all tax and revenue proposals submitted by the Governor or the Office of the Budget."
March 2022 Revenue Update
April 01, 2022 | Revenue & Economic Update
The Commonwealth collected $5.56 billion in General Fund revenues for March, an increase of $714.3 million (14.8%) compared to March 2021.