IFO Releases
BUDGET AND ECONOMIC UPDATE PRESENTATION
March 31, 2022 | Economics and Other
Deputy Director Brenda Warburton and Revenue Analyst II Jesse Bushman gave a presentation to the Marcellus Shale Coalition regarding the Commonwealth’s economic and budget outlook and recent natural gas trends.
Tags: gas, marcellus, natural, presentation, shale
Assumptions Used by RGGI Model
March 28, 2022 | Energy
Director Matthew Knittel provided brief testimony on the model assumptions used by a consultant to estimate the impact on Pennsylvania from joining RGGI.
This written testimony was updated on November 4, 2022, to include clarifications for the third and sixth bullets on page 1.
Senate Budget Hearing Request
March 21, 2022 | Economics and Other
The Independent Fiscal Office (IFO) responded to two questions raised at the office’s budget hearing before the Senate Appropriations Committee. The questions relate to an update of the IFO’s five-year projections for revenues and expenditures that incorporates the proposed initiatives in the Governor’s Executive Budget and an estimate of school district property taxes paid by seniors.
House Budget Hearing Request
March 21, 2022 | Economics and Other
The IFO responded to a question raised at the office’s budget hearing before the House Appropriations Committee. The question relates to the impact of the COVID-19 pandemic on employment by race.
March 2022 Monthly Economic Update
March 18, 2022 | Revenue & Economic Update
The March 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.
Corporate Net Income Tax Proposals
March 15, 2022 | Economics and Other
The IFO responded to a request from Appropriations Committee Chairman Saylor for a dynamic revenue estimate of three corporate net income tax proposals.
Tags: corporate, income, legislative, net, request
Pennsylvania Electricity Update
March 14, 2022 | Energy
This research brief uses data from the U.S. Energy Information Administration to provide a general overview of the Pennsylvania electricity market.
PBB Overview Presentation for PDE
March 09, 2022 | Performance Budgeting
IFO presentation of Performance-Based Budget overview and agency highlights for the Pennsylvania Department of Education is posted on the website.
Tags: budgeting, performance
Is the Student Loan Moratorium Impacting Employment?
March 08, 2022 | Economics and Other
The federal student loan moratorium enters its third year. The IFO posted a research brief that examines the impact of the COVID-19 pandemic (and related federal policies) on payroll employment and employment-to-population ratios by age group. Despite record-level job openings, the latest data for 2021 Q2 show the largest relative reductions for young workers, many of whom have student loans. By contrast, early retirements appear to have played a smaller role in decades-low labor force participation rates.
Economic and Budget Update Presentation
March 04, 2022 | Economics and Other
Deputy Director Brenda Warburton presented on the Commonwealth’s economic and budget outlook at a session of the Pennsylvania Education Policy and Leadership Center.
The presentation was updated on March 18, 2022 for a technical change on slide 30.
Tags: budget, demographics, economic, estimates, presentation