IFO Releases
Federal Policy Uncertainty Impacts Budget
June 23, 2025 | Revenue Estimates
The IFO released a budget brief that discusses the potential impact of proposed federal policy changes on General Fund deficit projections.
Official Revenue Estimate FY 2025-26
June 20, 2025 | Revenue Estimates
The Independent Fiscal Office (IFO) released its official revenue estimate for FY 2025-26. Updated estimates for FY 2024-25 are included.
Impact Fee Update and Outlook
June 18, 2025 | Energy
This update examines 2024 impact fee collections and provides an outlook for 2025. Collections totaled $164.6 million for 2024, a decrease of $15.0 million from 2023.
Pennsylvania Medicaid Update
June 12, 2025 | Economics and Other
This budget brief highlights Pennsylvania Medicaid (MA) enrollment and funding trends from FY 18-19 through the administration’s proposal for FY 25-26. It also provides projections of the impact for certain MA provisions included in the federal reconciliation bill passed by the U.S. House of Representatives.
Natural Gas Production Report: 2025 Q1
June 04, 2025 | 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.
Proposed SNAP Changes: Budget Impact
June 03, 2025 | Economics and Other
As part of the draft reconciliation bill, the US House proposed to increase the state share of costs for the Supplemental Nutrition Assistance Program (SNAP). This research brief describes the proposed changes and the potential impact on the state budget.
School District Property Tax Update
June 02, 2025 | Property Tax
The IFO released an updated school district property tax forecast. The report projects revenues and the Act 1 index through FY 2026-27 and provides an overview of recent trends in school district funding.
May 2025 Revenue Update
June 02, 2025 | Revenue & Economic Update
The Commonwealth collected $3.23 billion in General Fund revenues for May, a decrease of $124 million compared to May 2024.