IFO Releases
CIVEA Wage Contract Analysis
October 26, 2023 | Wage Contracts
This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Correctional Institution Vocational Education Association (CIVEA).
Pennsylvania's Strained Nursing Homes
October 25, 2023 | Economics and Other
The IFO posted a new research brief that discusses placement waitlists and potential cost implications from the contraction in nursing home capacity since 2019.
UFWC Wage Contract Analysis
October 25, 2023 | Wage Contracts
This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the United Food and Commercial Workers (UFCW).
October 2023 Monthly Economic Update
October 23, 2023 | Revenue & Economic Update
The Monthly Economic Update provides data and insight on current trends that impact the state economy.
2023 Demographic Outlook
October 19, 2023 | Economics and Other
Section 604-B (a)(2) of the Administrative Code of 1929 specifies that the Independent Fiscal Office (IFO) shall “provide an assessment of the state’s current fiscal condition and a projection of what the fiscal condition will be during the next five years. The assessment shall take into account the state of the economy, demographics, revenues and expenditures.” This report fulfills the demographics obligation of this statute. The IFO will release the Economic and Budget Outlook for Fiscal Years 2023-24 to 2028-29 in November 2023.
Tags: demographics, outlook
Summary of Tax Credit Reviews
October 10, 2023 | Tax Credit Review
New IFO report highlights findings from the 20 tax credit reviews published during the first five-year evaluation cycle (2019 to 2023).
Economic and Revenue Impact of Student Loan Moratorium
October 03, 2023 | Economics and Other
Director Knittel gave a presentation at the FTA Revenue Estimation and Tax Research Conference on the economic and revenue impact of the student loan moratorium.
Tags: loan, presentation, student
September 2023 Revenue Update
October 02, 2023 | Revenue & Economic Update
The Commonwealth collected $4.06 billion in General Fund revenues for September, a decrease of $161.3 million (-3.8%) compared to September 2022.