IFO Releases
Responsiveness of State Tax Revenues to Economic Growth
December 26, 2017 | Economics and Other
In response to a legislative request, the IFO compared the growth of state tax revenues to certain economic metrics to ascertain the responsiveness of revenues to economic growth across states.
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Revenue Estimate Performance
December 22, 2017 | Revenue Estimates
This report examines the performance of IFO revenue estimates for the past five budget cycles.
Updated Monthly and Quarterly Revenue Estimates
December 21, 2017 | Revenue Estimates
This report provides updated revenue distributions based on the estimates contained in the Official Monthly and Quarterly Revenue Estimates for Fiscal Year 2017-18 published by the IFO on August 10, 2017. The updated distributions reflect the statutory changes enacted with the state budget.
Pennsylvania Fiscal Update
December 13, 2017 | Economics and Other
Director Matthew Knittel made a presentation to the National Federation of Independent Business (NFIB) to provide background on the IFO and an update on Pennsylvania’s short- and long-term budget outlook.
A Review of Overtime Paid to Nurses in the Department of Corrections
December 13, 2017 | Economics and Other
In response to a legislative request, the IFO reviewed overtime paid to nurses employed by the Department of Corrections (DOC).
School Property Taxes; Households Age 60, 65 and 70 or Older
December 11, 2017 | Property Tax
In response to a legislative request, the IFO analyzed data from the American Community Survey (ACS) to estimate the share of school property taxes paid by households in which the householder (or spouse, if applicable) had attained the ages 60 or over, 65 or over and 70 or over. The analysis applies the shares derived from the ACS to estimated school district property tax collections attributable to homestead properties for FY 2015-16 to further estimate the dollar amounts paid by such households.
Natural Gas Production Report, 2017 Q3
December 07, 2017 | Energy
This report for the third quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts.
County Homestead Detail
December 06, 2017 | Property Tax
As an extension of its recent research relating to property taxes, the IFO has released additional data regarding homestead property. Estimates for the numbers and assessed values of homestead properties by county are based, in large part, on the results of a survey of county assessment offices. The County Commissioners Association of Pennsylvania provided valuable assistance by coordinating the survey. Data for Philadelphia has been adjusted based on new information provided by the Philadelphia Department of Revenue.
November 2017
December 01, 2017 | Revenue & Economic Update
The Commonwealth collected $2.3 billion in General Fund revenues for November, an increase of $318.6 million (16.0%) compared to November 2016. Fiscal year-to-date revenues were $11.4 billion, an increase of $577.8 million (5.3%) from the prior year.
Five Year Economic and Budget Outlook
November 16, 2017 | Revenue Estimates
This report examines the demographic, economic, revenue and expenditure trends that will affect the Commonwealth’s fiscal condition through fiscal year (FY) 2022-23. Based on the economic and demographic assumptions used by this report, the evaluation finds that various factors imply a long-term fiscal imbalance.