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.
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.
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.
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.
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.
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.
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.