IFO Releases
Economic and Budget Update Presentation
January 31, 2024 | Economics and Other
Director Knittel made a presentation of the mid-year update to the House Budget Roundtable.
Minimum Wage Impact on Hourly Wages
January 24, 2024 | Economics and Other
This research brief examines how a higher statutory minimum wage could impact lower-wage workers and provides employment and hourly wage estimates for certain lower-wage occupations to illustrate that Pennsylvania effective labor market minimum wage is likely in the range of $10.50 to $11.00 per hour.
Tax Credits and Economic Development Incentives
January 09, 2024 | Economics and Other
This report presents data on Pennsylvania tax credits and economic development incentives for fiscal years (FY) 2018-19 through FY 2023-24. The tables provide annual detail on tax credit utilization or awards, state spending or grants, job training programs and state loan programs. Fiscal year 2023-24 amounts are budgeted, authorized or projected and may differ from final amounts expended or awarded for the year. The report also highlights recent changes to incentive program spending or utilization.
SNAP Policy Changes Expand Program
January 03, 2024 | Economics and Other
This research brief uses the latest data from the US Dept of Agriculture to examine post-pandemic SNAP trends. Since November 2019, policy and definition changes have increased the number of recipients by 16% and the average monthly benefit by 52%.