IFO Releases
Sports, Marketing & Tourism Series: 2024 U.S. Women’s Open
May 12, 2025 | Economics and Other
The IFO published an economic impact report for the 2024 U.S. Women’s Open which took place May 30 to June 2, 2024 at the Lancaster Country Club. The analysis finds that economic activity related to the event supported 147 full-time equivalent jobs and generated $14.1 million in in-state spending, nearly $570,000 in state sales and use tax and $560,000 in personal income tax revenue.
Pennsylvania Unemployment Claims Tracker
April 29, 2025 | Economics and Other
This economic brief tracks the latest claims for unemployment compensation (UC) for all covered workers and federal workers only. The IFO is tracking these claims in preparation for its May 20 initial revenue estimate.
Retail Delivery Fee Revenue Estimates
April 23, 2025 | Economics and Other
In response to a legislative request, the IFO transmitted a brief that provides revenue estimates for a statewide retail delivery fee.
Unemployment Claims Tracker
April 10, 2025 | Economics and Other
This economic brief tracks the latest claims for unemployment compensation (UC) for all covered workers and federal workers only. The IFO is tracking these claims in preparation for its May 20 initial revenue estimate.
FY 2024-25 Interim Revenue Update
April 03, 2025 | Economics and Other
This budget update supplements the regular monthly revenue update published by the IFO and provides additional detail for March General Fund revenues. March revenues include large payments for gross receipts, insurance premiums, bank shares and corporate net income taxes.
Aging Population Drives Job Gains
March 20, 2025 | Economics and Other
This research brief uses new benchmarked jobs data from the U.S. Bureau of Labor Statistics to track the sectors and industries that gained or lost jobs since 2019 (i.e., pre-Covid).
Charging Pennsylvania’s Electric Vehicles
February 24, 2025 | Economics and Other
A new research brief examines Act 85 of 2024, which replaces the alternative fuel tax on electric vehicles with an annual electric vehicle road user charge for battery electric and plug-in hybrid vehicles. It also details the impact of federal funds from the Infrastructure Investment and Jobs Act on Pennsylvania’s EV charging infrastructure.
State and Local Tax Incidence in Pennsylvania
February 19, 2025 | Economics and Other
Director Knittel submitted an article for publication in the February 3, 2025 edition of Tax Notes State. It reviews recent results from the Pennsylvania tax incidence model and discusses factors that make state and local tax systems appear more regressive than they are in practice.
State and Local Tax Revenues: A 50 State Comparison
February 13, 2025 | Economics and Other
This report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis (BEA) and other sources to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) state and local effective tax rates across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels.
Long-Term Budget Outlook Update
February 11, 2025 | Economics and Other
The IFO updated its baseline deficit projections based on new spending data from the Executive Budget. The revised projections are $3.5 billion (24-25), $6.0 billion (25-26) and $6.9 billion (26-27) under current laws and policies. If the projections hold, then the General Fund surplus would be depleted in 25-26 and the Rainy Day Fund in 26-27.