January 03, 2024 | Economics and Other
This research brief uses the latest data from the US Dept of Agriculture to examine post-pandemic SNAP trends. Since November 2019, policy and definition changes have increased the number of recipients by 16% and the average monthly benefit by 52%.
December 19, 2023 | Economics and Other
The IFO updated a gasoline consumption research brief published in January 2023 with additional consumption and retail pump price data. Gasoline consumption remains well below pre-pandemic levels partially due to the continuation of hybrid and remote work schedules for some workers.
December 15, 2023 | Economics and Other
Director Matthew Knittel provided testimony to the Basic Education Funding Commission on the results from the 2023 Basic Education Funding Commission Survey.
The IFO response to questions raised at the BEFC hearing can be found here.
November 30, 2023 | Economics and Other
The COVID-19 pandemic caused an inflation surge and wage pressures due to worker shortages and strong demand. This research brief uses the latest published data to examine how those outcomes affected real wages and earnings for the average or typical Pennsylvania private sector worker.
October 19, 2023 | Economics and Other
Section 604-B (a)(2) of the Administrative Code of 1929 specifies that the Independent Fiscal Office (IFO) shall “provide an assessment of the state’s current fiscal condition and a projection of what the fiscal condition will be during the next five years. The assessment shall take into account the state of the economy, demographics, revenues and expenditures.” This report fulfills the demographics obligation of this statute. The IFO will release the Economic and Budget Outlook for Fiscal Years 2023-24 to 2028-29 in November 2023.
October 03, 2023 | Economics and Other
Director Knittel gave a presentation at the FTA Revenue Estimation and Tax Research Conference on the economic and revenue impact of the student loan moratorium.