Releases

IFO Releases

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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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.

Tags: contract, wage

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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).

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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.

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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. 

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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.

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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.

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