This report presents data on Pennsylvania tax credits and economic development incentives for fiscal years (FY) 2021-22 through FY 2026-27. The tables provide annual detail on tax credit utilization or awards, state spending or grants, job training programs and state loan programs. Fiscal year 2026-27 amounts are budgeted, authorized or projected and will differ from final amounts claimed or awarded. The report also highlights recent changes to incentive program spending or utilization.
This report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis (BEA) and other sources to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) state and local effective tax rates across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels.
The IFO published a research brief that examines the impact of four recent county property reassessments on school district property taxes. Data from the four counties show that the property tax increase in the reassessment year was generally consistent with recent historical trends, as required by statute.
This research brief was modified on 9/17/2026 to reflect the reassessment status of Lancaster County.
This budget brief provides data for interest earned on the General Fund and Rainy Day Fund average daily balances. It also provides estimates for FY 2026-27 and FY 2027-28.
This document uses data from the Pennsylvania Department of Environmental Protection, the U.S. Energy Information Administration and Natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices.
The Commonwealth collected $3.02 billion in General Fund revenues for August, an increase of $60 million (+2.0%) compared to August 2025.
This report provides revenue distributions based on the FY 2026-27 projections contained in the Official Revenue Estimate published by the IFO on June 22, 2026 and the statutory changes that were enacted with the FY 2026-27 state budget.
The IFO posted the five-year reviews of Performance Based Budgeting and Tax Credit Performance reports submitted to the PBB Board in January 2024.
The IFO posted the five-year reviews of Performance Based Budgeting and Tax Credit Performance reports submitted to the PBB Board in January 2024.
The IFO published a budget brief that examines two provisions that convert the flat state income tax (3.07% rate) into an effectively progressive tax for lower-income filers.