IFO Releases

Inflation's Impact on Earnings and Pensions

July 31, 2023 | Economics and Other

This research brief uses recent data from the U.S. Bureau of Labor Statistics to compute the impact of unusually high inflation on real average hourly earnings of Pennsylvania workers and a typical SERS-PSERS annuitant.

Tags: brief, earnings, inflation, pensions, research

Full Report

Corporate Net Income Tax TY 2019

July 25, 2023 | Economics and Other

This research brief provides tabulations of corporate net income tax (CNIT) return data from tax year 2019 based on tax liability, apportionment factor and NAICS code.

Tags: brief, cnit, research

Full Report

July 2023 Monthly Economic Update

July 12, 2023 | Revenue & Economic Update

The Monthly Economic Update provides data and insight on current trends that impact the state economy. 

Tags: economic, monthly, update

Full Report

June 2023 Revenue Update

July 03, 2023 | Revenue & Economic Update

The Commonwealth collected $44.92 billion in General Fund revenues for fiscal year 2022-23, a decrease of $3.22 billion (-6.7%) compared to the prior fiscal year. The decline is due to a one-time transfer of $3.84 billion in FY 2021-22 and a new SUT transfer.

Tags: estimates, monthly, revenue

Full Report