IFO Releases
Natural Gas Production Report, 2022Q1
May 26, 2022 | Energy
This report for the first quarter of 2022 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
Initial Revenue Estimate FY 2022-23
May 23, 2022 | Revenue Estimates
The IFO released its initial revenue estimate for FY 2022-23. Click the hyperlink above to view the report and presentation.
May 2022 Monthly Economic Update
May 19, 2022 | 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.
Property Tax Replacement Estimates
May 19, 2022 | Property Tax
In response to a legislative request, the IFO transmitted a letter that provides additional information to a previous analysis for potential property tax replacement revenues proposed under House Bill 13.
Tags: legislative, property, request, tax
Initial Revenue Estimate Announcement
May 16, 2022 | Revenue Estimates
The IFO will release its Initial Revenue Estimate on Monday, May 23rd at 1:30 PM. The report will contain revisions to the FY 2021-22 estimate and an initial estimate for FY 2022-23. See the announcement for a link to register for the presentation.
Department of Human Services - Part 3
May 04, 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 Human Services (Part 3).
Approved by the PBB Board on January 25, 2022.
The report was updated on May 4, 2022 to include addenda to Activity 1, 7 and 10.
Tags: budgeting, performance
April 2022 Revenue Update
May 02, 2022 | Revenue & Economic Update
The Commonwealth collected $6.52 billion in General Fund revenues for April, an increase of $2.56 billion (64.5%) compared to April 2021.