IFO Releases
2024 Wage Contracts Summary Table
May 21, 2024 | Wage Contracts
This table provides an up-to-date summary of the recent wage contracts analyzed by the IFO. Additional estimates will be provided after the relevant contract detail has been transmitted to the IFO by the Office of Administration.
FOSCEP Wage Contract Analysis
May 21, 2024 | Wage Contracts
This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Federation of State Cultural and Educational Professionals (FOSCEP).
FOP, Lodge #92 Wage Contract Analysis
May 21, 2024 | Wage Contracts
This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Fraternal Order of Police (FOP), Lodge #92.
Initial Revenue Estimate FY 2024-25
May 20, 2024 | Revenue Estimates
The IFO released its initial revenue estimate for FY 2024-25. Click the hyperlink above to view the report and presentation.
Initial Revenue Estimate Announcement
May 13, 2024 | Revenue Estimates
The IFO will release its Initial Revenue Estimate on Monday, May 20th at 1:30 PM. The report will contain revisions to the FY 2023-24 estimate and an initial estimate for FY 2024-25. See the announcement for a link to register for the presentation.
Treasury Windfalls Boost Revenues - Update
May 02, 2024 | Economics and Other
Treasury collections have generated a short-term revenue windfall. This research brief updates a prior analysis and provides preliminary Treasury revenue estimates for FY 2024-25.
Affordable Connectivity Program Ends
May 01, 2024 | Economics and Other
Due to the depletion of approved funds, the federal Affordable Connectivity Program (ACP) is no longer accepting new enrollments and the last fully-funded program month was April 2024. In 2023, Pennsylvania households received $241 million in ACP funds, an average monthly benefit of $33 per household.
April 2024 Revenue Update
May 01, 2024 | Revenue & Economic Update
The Commonwealth collected $5.69 billion in General Fund revenues for April, an increase of $30 million (+0.5%) compared to April 2023.
The IFO transmitted a brief revenue update to the chairs of the Senate and House Appropriations Committees.