Releases

IFO Releases

2019 Wage Contracts Summary Table

July 02, 2020 | 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.

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PSEA Wage Contract Analysis

July 02, 2020 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State  Education Association (PSEA), Non-Tenured Teachers Unit.

Tags: contract, wage

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June 2020 Revenue Update

July 01, 2020 | Revenue & Economic Update

The Commonwealth collected $32.28 billion for FY 2019-20, a decline of $2.58 billion (-7.4 percent) from the prior fiscal year. The IFO projects that business closures and mitigation efforts related to the COVID-19 virus resulted in (1) $1.36 billion in lost revenue from reduced economic activity and (2) $1.91 billion that shifts to FY 2020-21 as a result of extended tax due dates. 

Tags: estimates, monthly, revenue

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Economic Impact from Regulation of Single-Use Plastics

June 30, 2020 | News Stand & Other

As required by Act 20 of 2019, this report examines the economic impact from the regulation of single-use plastics. The report considers three types of regulation that have been enacted by other states and local jurisdictions: a ban, a fee and a ban-plus-fee. The report examines potential outcomes if these regulations were implemented statewide for plastic retail bags. The analysis is also extended to a ban on expanded polystyrene foam foodservice products.

Tags: economic, plastics, report

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PSCOA Wage Contract Analysis

June 26, 2020 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State Corrections Officers Association (PSCOA).

Tags: contract, wage

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Impact Fee Update and 2020 Outlook

June 25, 2020 | Natural Gas

This report examines impact fee collections for 2019 and provides an outlook for 2020.

Tags: gas

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Official Revenue Estimate FY 2020-21

June 22, 2020 | Revenue Estimates

This report provides revised revenue estimates for FY 2019-20 and official estimates for FY 2020-21 related to the General Fund, Motor License Fund, Lottery Fund and federal funds subject to appropriation. 

Presentation

Tags: estimates, revenue

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June 2020 Economic Update

June 17, 2020 | Revenue & Economic Update

The June edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 

Tags: economic, monthly, news

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County Income Patterns

June 10, 2020 | News Stand & Other

This research brief presents four maps that illustrate recent demographic and income trends at the county level. The release highlights population change, personal income growth and per capita figures for all counties of the Commonwealth.

Tags: brief, county, incomes, research

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May 2020 Revenue Update

June 01, 2020 | Revenue & Economic Update

The Commonwealth collected $2.11 billion in General Fund revenues for May, a decline of $510.7 million compared to May 2019. The IFO estimates that the COVID-19 virus reduced monthly collections by $515 million due to the impact of continued business closures and other mitigation efforts to slow the spread of the COVID-19 virus.

Tags: estimates, monthly, revenue

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