IFO Releases
PA Worker Earnings Catch Up to Inflation
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.
Pennsylvania's Strained Nursing Homes
October 25, 2023 | Economics and Other
The IFO posted a new research brief that discusses placement waitlists and potential cost implications from the contraction in nursing home capacity since 2019.
2023 Demographic Outlook
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.
Tags: demographics, outlook
Economic and Revenue Impact of Student Loan Moratorium
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.
Tags: loan, presentation, student
Treasury Windfalls Boost Revenues
September 25, 2023 | Economics and Other
Treasury collections are up dramatically from prior years. This research brief examines the cause of the windfalls and explains why they aren’t expected to continue over the long-term.
Economic Update
September 14, 2023 | Economics and Other
Director Knittel made a brief presentation to an economic summit hosted by the York County Delegation of the General Assembly.
Tags: economic, presentation
County Income Patterns 2018-2021
August 24, 2023 | Economics and Other
This research brief uses the latest published data to generate maps and county rankings of recent demographic and income trends. The release highlights population change, personal income growth and per capita amounts for all counties in the Commonwealth.
Inflation's Impact on Earnings and Pensions
July 31, 2023 | Economics and Other
This research brief uses recent data from the U.S. Bureau of Labor Statistics to compute the impact of unusually high inflation on real average hourly earnings of Pennsylvania workers and a typical SERS-PSERS annuitant.
Corporate Net Income Tax TY 2019
July 25, 2023 | Economics and Other
This research brief provides tabulations of corporate net income tax (CNIT) return data from tax year 2019 based on tax liability, apportionment factor and NAICS code.
Presentation on Combined Reporting
June 29, 2023 | Economics and Other
Director Matt Knittel made a brief presentation to the House Finance Committee on combined reporting.
Tags: combined, presentation, reporting