IFO Releases

Sources of Pennsylvania Income

June 27, 2024 | Economics and Other

This research brief is the first in a series that describes a new distribution model that will be used to examine the progressivity/regressivity of state-local taxes.

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Impact Fee Revenue Update and Outlook 2024

June 26, 2024 | Energy

This update examines 2023 impact fee collections and provides an outlook for 2024. The Commonwealth collected $179.6 million in impact fees for 2023, a $99.2 million decrease from 2022.

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Revenues and Spending Surge During Pandemic

June 25, 2024 | Economics and Other

This research brief looks at the drivers of revenue and spending growth during the pandemic.

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Official Revenue Estimate FY 2024-25

June 20, 2024 | Revenue Estimates

The Independent Fiscal Office (IFO) released its official revenue estimate for FY 2024-25. Updated estimates for FY 2023-24 are included.


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School District Property Tax Forecast

June 19, 2024 | Property Tax

The IFO released an updated school district property tax forecast. The report projects revenues and the Act 1 index through FY 2025-26 and provides an overview of recent trends in school district funding.

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Natural Gas Quarterly Update, 2024 Q1

June 03, 2024 | Energy

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.

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May 2024 Revenue Update

June 03, 2024 | Revenue & Economic Update

The Commonwealth collected $3.36 billion in General Fund revenues for May, an increase of $64 million (+2.0%) compared to May 2023.

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