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County Income Patterns

This research brief presents five maps that display recent demographic and income trends at the county level. The release highlights population change, personal income growth and per capita figures for all counties of the Commonwealth.

Tags: brief, county, incomes, research

Economic Impact of Federal Stimulus

This research brief examines the impact of certain federal stimulus programs enacted in response to the COVID-19 pandemic on Pennsylvania residents and the economy. It estimates the total amount of federal stimulus provided directly to individuals by income group and considers the impact on employment, output, and whether the infusion of federal monies into the state economy is conducive to raising the state minimum wage.

Tags: brief, economic, federal, impact, research, stimulus

Pennsylvania Economic Development Incentives

This research brief presents data on Pennsylvania economic development incentives for fiscal years (FY) 2014-15 through FY 2019-20. The tables provide annual detail on tax credit utilization or awards, state spending or grants, job training programs and state loan programs. The brief also highlights recent changes to incentive programs spending or utilization.

Tags: brief, credits, development, economic, incentives, research, tax

County Income Patterns

This research brief presents four maps that illustrate recent demographic and income trends at the county level. The release highlights population change, personal income growth and per capita figures for all counties of the Commonwealth.

Tags: brief, county, incomes, research

Pennsylvania Electricity Update

The IFO released a research brief that provides a general overview of the Pennsylvania electricity market. Recent EIA data show that Pennsylvania remains the largest net exporter of electricity in the country.

09/09/2021

Property Tax Update

Director Matthew Knittel made a brief presentation on property taxes to the House Majority Policy Committee.

08/30/2021

Property Tax Burden by County

This research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate and rank county-level property tax burdens across the state for 2019. Note: This research brief was originally posted on 8/17/2021. It has been updated to include a map that displays school district property tax burdens by county. 

08/25/2021

County Income Patterns

This research brief presents five maps that display recent demographic and income trends at the county level. The release highlights population change, personal income growth and per capita figures for all counties of the Commonwealth.

08/10/2021

Economic and Revenue Update

Director Matthew Knittel provided a brief economic and revenue update for the PACP Chamber Day.

06/17/2021

Economic Impact of Federal Stimulus

This research brief examines the impact of certain federal stimulus programs enacted in response to the COVID-19 pandemic on Pennsylvania residents and the economy. It estimates the total amount of federal stimulus provided directly to individuals by income group and considers the impact on employment, output, and whether the infusion of federal monies into the state economy is conducive to raising the state minimum wage.

05/10/2021

Impact of COVID-19 on the State Economy

Director Matthew Knittel gave a brief presentation to the Senate Majority Policy Committee on the impact of COVID-19 on the state economy.

04/13/2021

Testimony on Minimum Wage

Director Matt Knittel made a brief presentation to the House Commerce Committee on the proposal to raise the minimum wage. The hearing was originally scheduled for February 16, 2021 but was rescheduled to March 11, 2021.

03/11/2021

January 2021 Economic and Budget Outlook

The Independent Fiscal Office will release an updated revenue estimate and discuss economic trends for FY 2020-21 to 2025-26. The briefing is open to the public and submitted questions will be addressed at the end of the presentation. The report will also be posted to the IFO website when the presentation concludes. Click on the link for details on how to register.

01/11/2021

PPP Loans to Pennsylvania Businesses

This research brief examines the impact of the PPP on Pennsylvania businesses by considering the number and type of firms affected, the potential employment impact and possible tax implications.

12/08/2020

IFO Public briefing: October 2020 Revenue and Economic Update

The IFO will present a revenue and economic update for FY 2020-21 on October 29 at 10 am. The update will be based on revenues received for the first four months of the fiscal year and the latest state economic data. See the announcement for a link to register for the presentation.

10/23/2020

Pennsylvania Economic Development Incentives

This research brief presents data on Pennsylvania economic development incentives for fiscal years (FY) 2014-15 through FY 2019-20. The tables provide annual detail on tax credit utilization or awards, state spending or grants, job training programs and state loan programs. The brief also highlights recent changes to incentive programs spending or utilization.

10/15/2020

Impact of the TCJA on Pennsylvania Taxpayers

This research brief uses newly released IRS tax data to examine how the Tax Cuts and Jobs Act of 2017 impacted Pennsylvania federal income taxpayers. The analysis finds that tax law changes likely reduced federal income taxes by roughly $8.5 to $9.0 billion.  This research brief was originally posted on October 2 but was updated and reposted on October 13 so that refundable tax credits and certain miscellaneous taxes (AMT and net investment tax) are reflected in average tax rate and estimated tax cut computations. Previously, those amounts were itemized separately.  

10/13/2020

August 2020 Economic and Revenue Update

Director Matthew Knittel provided a brief economic and revenue update to members of the Senate Appropriations Committee (Democrat).

08/19/2020

County Income Patterns

This research brief presents four maps that illustrate recent demographic and income trends at the county level. The release highlights population change, personal income growth and per capita figures for all counties of the Commonwealth.

06/10/2020

IFO Public briefing: Initial Revenue Estimate FY 2020-21

The Independent Fiscal Office will release an updated revenue estimate for FY 2019-20 and an initial revenue estimate for FY 2020-21. The briefing is open to the public and submitted questions will be addressed at the end of the presentation. The report will also be posted to the IFO website when the presentation concludes. Click on the link for details on how to register.  

05/19/2020

Property Tax by County and Income

This research brief uses data from the U.S. Census Bureau's American Community Survey to provide Pennsylvania property tax data for 2018 by county, household income and homeowner age.

04/07/2020

Property Tax Update Presentation

Director Matthew Knittel made a brief presentation to the Pennsylvania School Boards Association on property tax data recently published by the IFO.

03/13/2020

Testimony on Combined Reporting

Director Matthew Knittel provided brief testimony to the Senate Democratic Policy Committee regarding the potential impact of combined reporting on corporate net income tax revenues.

01/29/2020

2019 Impact Fee Estimate

This research brief uses recent data published by the Department of Environmental Protection to project CY 2019 Impact Fee collections. Collections are estimated to be $198.2 million, a decrease of $53.6 million from the prior year.

01/09/2020

Presentation to Grow PA Coalition

Director Matthew Knittel made a brief presentation to the Grow PA Coalition on the Pennsylvania Demographic and Economic Outlook.

12/02/2019

Redevelopment Assistance Capital Program

In response to a legislative request, the Independent Fiscal Office published a research brief related to the Redevelopment Assistance Capital Program. The brief provides historical data of the program and examines the potential impact of proposed legislation. This research brief was updated November 12, 2019 to take Act 43 of 2019 into consideration.

10/31/2019

Natural Gas Royalties Increase in 2017

This research brief uses state personal income tax data to estimate natural gas royalties paid to landowners in 2017. The data suggest that royalties paid increased significantly from the prior year due to increased production and higher prices.

09/20/2019

County Income Patterns

This research brief presents four maps that illustrate recent demographic and income trends at the county level. The release highlights population change, personal income growth and per capita figures for all counties of the Commonwealth.

08/30/2019

Economic and Revenue Update

Director Matthew Knittel made a brief presentation to the Harrisburg Trade Association Executives on recent revenue and economic trends for the U.S. and Pennsylvania.

05/16/2019

Senate Majority Policy Committee Public Workshop Migration Data Request

In response to a legislative request, the IFO provided data to the Senate Majority Policy Committee for use in their Public Workshop on “Student Flight (Brain Drain) from Pennsylvania” on April 30, 2019.  The brief document details historical population data for the Commonwealth, focusing primarily on young adults migrating to and from Pennsylvania.

04/29/2019

Revenue and Economic Update

Director Matthew Knittel made a brief presentation to the House Financial Rescue Caucus on April 17, 2019 on recent revenue and economic trends for the U.S. and Pennsylvania.

04/17/2019

2018 IMPACT FEE ESTIMATE - JANUARY 2019

This research brief uses recent data published by the Department of Environmental Protection to project CY 2018 Impact Fee collections.

01/24/2019

Revenue and Economic Update

Director Matthew Knittel made a brief presentation to the House Financial Rescue Caucus on October 9, 2018 on recent revenue and economic trends for the U.S. and Pennsylvania.  

10/09/2018

Initial Revenue Estimate FY 2018-19

The initial revenue estimate for FY 2018-19 and updated estimates for FY 2017-18. Press Release Presentation

05/01/2018

Budget Hearings Packet for Appropriations Committees

The Independent Fiscal Office submitted material to the House and Senate Appropriations Committees in advance of its scheduled budget hearings on Tuesday, February 20.  The hearings packet contains a brief background on the Independent Fiscal Office and its responsibilities, along with a list of the reports and analyses published since January 2017. It also provides data regarding the economic and revenue outlook, demographics, pensions, and natural gas. Testimony Supplemental Table

02/16/2018

Mid-Year Update FY 2017-18

The Independent Fiscal Office (IFO) has released a mid-year update of its revenue estimate for fiscal year (FY) 2017-18. The revised estimate is $34.780 billion, which is $35 million higher than the IFO’s November 2017 estimate. As part of the mid-year update, the IFO also provides an advance look at revenue projections for the next fiscal year. For FY 2018-19, revenues are projected to be $33.914 billion, a decrease of -2.5 percent over the current year. The presentation also addresses the impact of recent federal tax law changes on the Pennsylvania budget. The changes affect estimates for corporate net income, personal income and sales tax revenues in FY 2017-18 and FY 2018-19. The office will update the estimate in its next round of revenue projections to be released in early May. Press Release

01/29/2018

2017 Impact Fee Estimate - January 2018

This research brief uses recent data published by the Department of Environmental Protection to project CY 2017 Impact Fee collections in Pennsylvania. Revised for technical factor on 2/22/2018.

01/19/2018

School District Property Tax Forecast

This research brief contains the IFO's forecasted school district property tax collections from FY 2016-17 through FY 2022-23. The brief also contains estimates of school district property tax collections that can be attributed to homestead property.  Total school property tax collections for FY 2016-17 ($14.0 billion) and FY 2017-18 ($14.4 billion) are estimated using millage rates published by the Pennsylvania Department of Education and property tax assessment data. For FY 2018-19 through FY 2022-23, collections are projected based on the statutory, economic and structural factors that affect growth rates of property taxes. During that period, total school property tax collections are projected to grow by an average annual rate of 3.3 percent, reaching $17.0 billion by FY 2022-23.

01/18/2018

Impact Fee Update and 2017 Outlook

This research brief examines 2016 impact fee collections and natural gas production in Pennsylvania. It also provides an outlook for 2017. 

07/04/2017

Budget Hearing Packet for Appropriations Committees

The IFO has compiled information for the House and Senate Appropriations Committees in advance of its scheduled testimony on Tuesday, February 21.  The hearing packet contains a brief background on the Independent Fiscal Office and its responsibilities, along with a list of the reports and analyses published since January 2016. It also provides data regarding the economic and revenue outlook, demographics, pensions, and natural gas.    Download a version for optimized web viewing

02/16/2017

Pennsylvania Gaming Trends

This research brief contains current and historical trends for casino gaming, pari-mutuel gaming and the lottery. The brief also presents casino gaming revenues, tax rates and effective tax rates for adjacent states, which likely influence trends for Pennsylvania. The final section displays how revenues from the three types of gaming were used in the state budget for the most recent year of actual data, FY 2015-16.

02/13/2017

2016 Impact Fee Estimate - January 2017

This research brief uses recent data published by the Department of Environmental Protection to project CY 2016 Impact Fee collections in Pennsylvania.

01/02/2017

Impact Fee Update and 2016 Outlook

This research brief examines 2015 impact fee collections and natural gas production in Pennsylvania. It also provides an outlook for 2016. 

07/14/2016

Economic Development Incentives

This research brief compiles data on economic development incentives into a single document to facilitate a tabulation of Commonwealth spending on these incentives. The report displays this information for the two most recently completed fiscal years (FY): 2013-14 and 2014-15.  

03/25/2016

Impact Fee Update - February 2016

This research brief uses recent data published by the Department of Environmental Protection to project CY 2015 Impact Fee collections in Pennsylvania. 

02/29/2016

Raising the Minimum Wage in Pennsylvania

This research brief presents an analysis of the potential impact of the proposal to 1) raise the Pennsylvania state minimum wage from $7.25 to $10.10 and 2) automatically adjust future minimum wage levels to offset inflation.

11/30/2015

Impact Fee Update and 2015 Outlook

This research brief analyzes calendar year (CY) 2014 impact fee revenues (remitted April 2015) reported by the Pennsylvania Public Utility Commission (PUC) and potential scenarios for CY 2015. The research brief also translates the impact fee into an annual average effective tax rate (ETR) based on natural gas price and production data. The ETR is a metric that quantifies the implicit tax burden imposed by the impact fee in a given year.

06/25/2015

Pennsylvania Gaming Trends

This research brief gives a historical overview of gaming trends and revenues in Pennsylvania. This includes the role of gaming in the state economy as well as comparisons to other states. 

02/28/2015

Impact Fee Update - February 2015

This research brief estimates the calendar year 2014 impact fee revenues (to be remitted in April 2015) using data from the Department of Environmental Protection (DEP) and the Public Utility Commission (PUC). The research brief also translates the impact fee into an annual average effective tax rate (ETR) based on recent natural gas price and production data. The ETR is a metric that quantifies the implicit tax burden imposed by the impact fee in a given year.

02/27/2015

State Economic Comparison

This research brief uses Real GDP, Personal Income and Payroll Employment to compare economic performance in Pennsylvania to four adjacent states and the U.S. over the past decade.

09/30/2014

Natural Gas Extraction: An Interstate Tax Comparison

This report compares Pennsylvania's unique natural gas tax structure to other states. The report also considers other taxes that may be levied on natural gas producers such as real and personal property, corporate and personal income, sales and use and miscellaneous fees. Due to the complexity of the analysis, readers are encouraged to thoroughly review the methodology and assumptions contained in Section 1 of this report. Full report Analysis-in-brief (2 pages) Background on effective tax rates (2 pages, updated 4/4/2014 for the 2013 reporting year impact fee collections)

03/17/2014

Analysis of school property taxes paid by homeowners age 70 and older

Letter providing an analysis of school property taxes paid by homeowners age 70 and older (October 2013). The analysis presents a preliminary assessment of data on the cost of a school property tax freeze for those homeowners and a brief discussion of factors that affect the cost of a freeze over the long-term.

10/29/2013

Independent Fiscal Office

past nine budget cycles. ... (Full Report) Pennsylvania Electricity Update News Stand & Other September 09, 2021 The IFO released a research brief that provides a general overview of the Pennsylvania electricity market. Recent EIA data show that Pennsylvania remains the largest net 2021-22 state budget. ... (Full Report) Property Tax Update News Stand & Other August 30, 2021 Director Matthew Knittel made a brief presentation on property taxes to the House Majority Policy Committee. ... (Full Report) Property Tax Burden by County Property Tax August

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2007_divestment_complete_report.pdf

special report contains a summary description of PSERS and SERS, a general discussion on the topic of divestment, including a brief history of divestment within the context of “socially responsible investing,” provides a description of the current situation with respect to and effective tool of a global economic boycott. Even then, the impact is questionable according to a newly published research brief by the Center for Retirement Research (CRR) at Boston College. The paper, which surveys prior academic studies, concludes that “the

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RB_2021_01_Economic_Impact_of_Federal_Stimulus.pdf

The Independent Fiscal Office (IFO) publishes this research brief to examine the impact of certain federal stimulus programs enacted in response to the COVID-19 pandemic on Pennsylvania residents of the federal monies disbursed directly to state residents since the onset of the COVID-19 pandemic and provides a brief discussion of the following provisions: ▪ Economic Impact Payments (EIPs), commonly referred to as stimulus checks. ▪ Expanded unemployment compensation (UC) programs

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2013_special_report_funding_and_reforming_public_employee_retirement_systems.pdf

Jeffrey Clay, Executive Director of the Public School Employees’ Retirement System (PSERS). Thank you for the opportunity today to provide brief comments about the pension issue and also for your sponsorship of these hearings. As previous speakers at these hearings have allowed. Pending Developments As of November 12, 2012, the Arizona Court of Appeals docketed an appeal with opening briefs due on December 24, 2012. The State plans to ask for the appeal to be transferred to the Arizona Supreme Court. _________________________________________________________________________________ Hall

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IFO_Hearing_Packet_Feb2018.pdf

and issuing actuarial notes for legislation proposing changes to public employee pension or retirement plans and special reports and research briefs on various budget and economic topics. This submission lists recent reports published by the IFO during the past year, and Data (2015) 17 Natural Gas Trends Production, Price and Impact Fee Trends 18 Historical Spot Prices 19 Impact Fee Research Brief 20 PSERS and SERS Trends Employer Contribution Rates 22 Decomposition of Employer Rates 23 Change in Employer Contributions 24 Funded

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Budget_Hearing_Background_Feb2016.pdf

Appropriations Committee, thank you for the opportunity to testify before you today. For my opening remarks, I would like to briefly discuss the outlook for the Pennsylvania economy, General Fund revenues and the long‐ term budget outlook. 2016 Economic Outlook Recent Energy Information Administration and Federal Energy Regulatory Commission. New Pipeline Capacity (15) Independent Fiscal Of Ðice February 2016 1 Research Brief 2016‐1 February 2016 Impact Fee Update In June 2015, the Independent Fiscal Of Ðice (IFO) issued Research Brief 2015‐

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RB-2016-02.pdf

Independent Fiscal Of Ðice March 2016 1 Research Brief 2016‐2 March 2016 Economic Development Incentives Economic development incentives attempt to stimulate economic growth through various direct (e.g on economic development incentives. In Pennsylvania, the information is dispersed across multiple sources and is not readily available. This research brief compiles data on economic development incentives into a single document to facilitate a tabulation of Commonwealth spending on these incentives

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NGIFE-2015.pdf

Independent Fiscal Of Ðice February 2016 1 Research Brief 2016‐1 February 2016 Impact Fee Update In June 2015, the Independent Fiscal Of Ðice (IFO) issued Research Brief 2015‐3, which reported unconventional gas well impact fee collections for calendar year (CY) 2014 along with three potential scenarios

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TC_2021_Keystone_Special_Development_Zones.pdf

House and Senate Finance Committees and to make the reports available to the public on the IFO website. This research brief contains the tax credit review for the Keystone Special Development Zone (KSDZ) Tax Credit. The IFO met with agency staff June 30, 2035. There is no annual program cap and the credit is non-refundable. The general findings of this brief are as follows: ▪ States have implemented a wide variety of programs to incentivize brownfield remediation and redevelopment. Eleven states (including

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RB_2021_02 County Income Patterns.pdf

Introduction This research brief presents five maps that illustrate recent demographic and income trends at the county level. The brief starts with demographic trends, then presents income trends and finally combines the two metrics to analyze per capita income trends

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RB-2020-COVID-19 Local Revenue Impact.pdf

In response to a request from the General Assembly, this research brief examines how the COVID-19 pandemic and mandated business closures could impact local earned income taxes (EIT), property taxes and is believed to be nominal and omitted from this analysis. COVID-19 Impact on Local Revenues Independent Fiscal Office | Research Brief | July 2020 Independent Fiscal Office Page 2  For 2020 Q2, it is known that the PIT withholding growth rate

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County-Prop-Tax-RB.pdf

This research brief utilizes data from the U.S. Census Bureau American Community Survey (ACS) 1-year Public Use Microdata Sample (PUMS) dataset group (Chester, Montgomery and Delaware) border each other in the southeast region of the state. 1 All data in this brief are based on the U.S. Census Bureau’s 2018 ACS 1-year PUMS dataset with adjustments made by the

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TC_2020_Research and Development Tax Credit.pdf

and awards, R&D spending and employment in sectors that are R&D intensive. Section 4 contains a brief literature review, a discussion of the factors that affect the economic return of the tax credit, and an economic impact analysis. Section of reports and data sources used for this review can be found in the Appendix, along with a brief summary of the recent Grand Jury report related to fraudulent R&D tax credit activity and agency responses. If submitted, written comments

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SUT Exemption for Aircraft - January 2013.pdf

in the Northeast, Mid-Atlantic and Midwest regions. Part Three describes the industries included in this analysis and briefly discusses the status of the aircraft industry in Pennsylvania over the past decade. Part Four derives the static revenue impact from an provide a meaningful incentive for consumers to reduce or eliminate tax liability. The text that follows provides a brief description of exemptions recently enacted in nearby states. Table 1 and the maps on the subsequent pages provide an overview of the

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RB-2020-03 County Income Patterns.pdf

Introduction This research brief presents four maps that illustrate recent demographic and income trends at the county level. The brief starts with demographic trends, then presents income trends and finally combines the two metrics to analyze per capita income trends

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RB-2019-01.pdf

Independent Fiscal Office 1 Research Brief 2019-1 January 2019 2018 Impact Fee Estimate Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. This research brief uses recent data published by the Department of Environmental Protection to estimate collections for calendar year (CY) 2018, which will

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RB-2015-04.pdf

Independent Fiscal Of Ðice November 2015 1 Research Brief 2015‐4 November 2015 Raising the Minimum Wage in Pennsylvania The FY 2015‐16 Executive Budget includes a proposal that from $7.25 to $10.10 and (2) automatically adjusts future minimum wage levels to offset in Ðlation. This research brief presents an analysis of the potential impact of that proposal. The analysis uses data from the Current Population Survey published

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RB-10-2020-Economic_Development_Incentives.pdf

This research brief presents Pennsylvania economic development incentives for fiscal years (FY) 2014-15 through FY 2019-20. The brief divides economic development into four categories: tax credits, state spending or grants, job training programs and state loan programs. The

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RB 2019 RACP.pdf

In response to a legislative request, the Independent Fiscal Office (IFO) publishes this research brief which examines the potential impact of House Bill 880. The bill lowers the statutory debt limit for Redevelopment Assistance Capital Office and can be found at the following link: RACP Guidelines Page. Redevelopment Assistance Capital Program Independent Fiscal Office | Research Brief | October 2019 Independent Fiscal Office Page 2 All projects must also follow requirements under the competitive bidding process, Pennsylvania Steel

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RB 2019 County Income Patterns.pdf

Introduction This research brief presents four maps that illustrate recent demographic and income trends at the county level. The brief starts with demographic trends, then presents income trends and finally combines the two metrics to analyze per capita income trends

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NGIFE-2018.pdf

Independent Fiscal Office 1 Research Brief 2018-2 January 2018 2017 Impact Fee Estimate Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. This research brief uses recent data published by the Department of Environmental Protection to estimate collections for calendar year (CY) 2017, which will

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NGIFE-2016.pdf

Independent Fiscal Office January 2017 1 Research Brief 2017-1 January 2017 2016 Impact Fee Estimate Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. This research brief uses recent data published by the Department of Environmental Protection to estimate collections for calendar year (CY) 2016, which will

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Impact-Fee-Update-2017-Outlook-2017-07.pdf

Independent Fiscal Of Ðice July 2017 1 Research Brief 2017‐3 July 2017 Impact Fee Update and 2017 Outlook Pennsylvania imposes an annual impact fee on unconventional (i.e for calendar year (CY) 2016 (remitted in April 2017), which was a moderate decline from the prior year. This research brief (1) examines the reasons for that decline, (2) I Table 1: Impact Fee Revenues and Distributions 2013 2014 2015 2016

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Releases

past nine budget cycles. Tags: estimates , performance , revenue Full Report Pennsylvania Electricity Update September 09, 2021 | News Stand & Other The IFO released a research brief that provides a general overview of the Pennsylvania electricity market. Recent EIA data show that Pennsylvania remains the largest net 2021-22 state budget. Tags: estimates , monthly , quarterly , revenue Full Report Property Tax Update August 30, 2021 | News Stand & Other Director Matthew Knittel made a brief presentation on property taxes to the House Majority Policy Committee. Tags: presentation , property , tax Full Report Property Tax Burden by County August 25, 2021

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TC_2019_Historic_Preservation_Tax_Credit_Report.pdf

as $250,000 are “inadequate to provide an incentive for the rehabilitation of large commercial buildings.” 31 The brief further notes that “the very act of imposing a cap alters the nature of the program and can produce a perverse result spillover effects: the great majority would be realized over long time horizons. The text that follows provides a brief explanation of the positive spillover effects from rehabilitation projects that have been noted by researchers. Property Values and the Halo Effect A

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Single-Use Plastics Report-2020_06.pdf

section defines the key features of each policy scenario and the bag types affected. It concludes with a brief discussion of recent regulations im- posed on other single use plastic products. Policy Options and Scenarios Three policy scenarios were developed to proximity to major markets make it an attractive location for new petrochemical facilities. 65 This subsection provides a brief overview of the petrochemical industry in the state and Appalachia region generally. Natural gas and materials derived from natural gas processing (i

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RB_2020_12_PPP_Loans_to_PA_Businesses.pdf

Approved loans could not exceed $10 million and were disbursed by private lenders from April through August 2020. This research brief examines the impact of the PPP on Pennsylvania businesses by considering the number and type of firms affected, the potential assistance-for-small-businesses/sba-paycheck-protection- program-loan-level-data. PPP Loans to PA Businesses Independent Fiscal Office | Research Brief | December 2020 Independent Fiscal Office Page 2 Paycheck Protection Program Loans to PA Businesses Number Share Amount Share of Average

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RB-2020-10-Impact_of_TCJA_on_PA_Taxpayers.pdf

state level tax data that reveal the impact that tax law changes had on Pennsylvania federal income taxpayers. This research brief provides a general analysis of those impacts and how tax law changes affected federal income tax paid for tax year federal income taxpayers will depend on income level, family size, filing status, homeownership status and various other factors. This research brief provides a high-level review of how tax law changes affect reported Total Income, Taxable Income, various deductions and tax

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RB 2019 Natural Gas Royalties.pdf

time. A technical explanation of the methodology used to estimate those payments can be found at the end of this brief. The table on the next page displays estimates of royalty payments for the top eight producing counties and the rest receive prior to the drilling and extraction of natural gas. Natural Gas Royalties Increase in 2017 Independent Fiscal Office | Research Brief | January 2020 Independent Fiscal Office Page 2 The potential magnitude of the understatement cannot be estimated based on available data

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Initial_Revenue_Estimate_Annoucement_May_2020.pdf

IFO Public Briefing The Independent Fiscal Office will release an updated revenue estimate for FY 2019-20 and an initial revenue estimate for FY 2020-21. The briefing is open to the public and submitted questions will be addressed at the end of the presentation. The report will

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Initial_Estimate_Announcement_May_2021.pdf

IFO PUBLIC BRIEFING Updated Revenue Estimates Date: Wednesday, May 26 Time: 1:00 PM R SVP Here Please register at the link above to receive an invitation to the briefing, which will be held virtually. The Independent Fiscal Office will release an updated revenue estimate for FY 2020-21 and

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Impact-Fee-Estimate-2019.pdf

wells that produce less than 90 Mcf per day are exempt from the fee in any operating year. This research brief uses recent data published by the Department of Environmental Protection to estimate collections for calendar year (CY) 2019, which will be remitted in April 2020. This brief also translates the impact fee into an annual average effective tax rate (ETR) based on recent natural gas price and

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Five_Year_Outlook_2020.pdf

resulting from the cessation of most sales of vehicles and housing in the spring. The text that follows provides a brief discussion of revenue trends and the outlook for three of the largest General Fund revenue sources. The final subsection provides 2) general fund pensions, (3) general fund debt service, (4) more details on DHS, PDE and DCJ and (5) a brief discussion of other agencies. Fiscal Year 19-20 20-21 21-22 22-23 23-24 24-25 25-26

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County_Property_Tax_Burden_Aug_2021.pdf

This research brief estimates the total 2019 property tax burden by county utilizing income data from the Bureau of Economic Analysis (BEA) and Including these relief amounts would modestly reduce county-level tax burdens. Property Tax Burden by County Independent Fiscal Office | Research Brief | August 2021 Independent Fiscal Office Page 2 Property Tax Property Tax County Taxes Burden Rank County Taxes Burden Rank Adams

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Briefing_Info_May_3_2016.pdf

Independent Fiscal Office Independent Fiscal Office to Release Revenue Projections and Conduct Briefing The Independent Fiscal Office (IFO) will release updated revenue forecasts for fiscal years 2015- 16 and 2016-17 on Tuesday, May 3, 2016. The office will hold a 1:30 p.m. briefing on the release in the fourteenth floor conference center of Harrisburg University, 326 Market Street. The session is open to

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ACN_SB1_A01354_A01558_2017_06_03a.pdf

remain eligible for plans under current law. New judges and legislators would be in- cluded under the new plans. A brief summary of the three pension design options follows. The descriptions identify the three main parameters of the plans: (1) the the plans for Pennsylvania public school and state employees are also of that variety. The text that follows provides a brief description of plan types. Defined Benefit Plans Public sector pension plans have traditionally been based on a DB design. Participants

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TC_2021_Neighborhood_Assistance_Program.pdf

Applicants must complete reports which include the final Community Impact Measures Report by December 31. The report must include a brief description of project accomplishments, how goals/objectives were met and any success stories related to the project. The NAP Tax and 50 percent of EZP investments. Table 4.1 contains the economic impact analysis. The text that follows provides a brief description based on line number in the table. For ease of analysis, the computation assumes that all tax credits are

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TC_2020_Mobile Telecommunications Broadband Investment Tax Credit.pdf

Investment in Broadband Infrastructure and Utilization Initiatives,” Strategic Net- works Group, Inc. (January 2014), “Broadband’s Impact A Brief Literature Review,” Roberto Gallardo, Brian Whitacre and Alison Grant, Purdue University Center for Regional Development (January 2018) and “Broadband’s Economic Impact Communications Commission (May 2010). “Broadband’s Economic Impact in Michigan,” Connect Michigan (March 2013). “Broadband’s Impact: A Brief Literature Review,” Gallardo, Roberto et al., Purdue University Center for Regional Development (January 2018). “Broadband Technology Opportunities Program Evaluation Study,” Order Number

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Senate_Appropriations_Committee_Response_Letter_2021.pdf

data based on gender are not published by BLS, but the Pennsylvania Department of Labor and Industry recently released a brief (January 2021) using data from the Current Population Survey that provides some insight. For January 2021, that brief found that the unemployment rate for women was 9.5% (12-month rolling average), while the unemployment rate for men

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Revenue-Proposal-Analysis-2020-04.pdf

Executive Budget and the corresponding impact on General Fund revenues over a five-year period. The text includes brief descriptions of the data sources and methodologies used to derive the revenue estimates, as well as an interstate comparison of corporate net this analysis is on the immediate movement to a $12.00 minimum wage, and it provides only a brief discussion for the phased-in increase to $15.00 over the six years that follow. This approach is used to keep the

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Revenue-Proposal-Analysis-2019-03.pdf

Executive Budget and the corresponding impact on General Fund revenues over a five-year period. The text includes brief descriptions of the data sources and methodologies used to derive the revenue estimates, as well as an interstate comparison of CNIT rates this analysis is on the immediate movement to a $12.00 minimum wage, and it provides only a brief discussion for the phased-in increase to $15.00 over the six years that follow. This approach is used to keep the

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Revenue-Estimate-2020-05.pdf

college campuses. The administration implemented statewide mitigation measures in response to the pandemic and federal emergency declaration. A brief summary of the timeline is as follows: 2  March 16: Pennsylvania schools close for 10 days and bars and restaurants close Fund Revenue Estimate for FY 2020-21 Initial Revenue Estimate | Page 18 The text that follows provides a brief description of the factors that motivate trends across revenue sources for FY 2019-20 and FY 2020-21. Corporate Net Income The

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RB-2018-01.pdf

Independent Fiscal Of Ðice January 2018 1 Research Brief 2018‐1 January 2018 School District Property Tax Forecast The Independent Fiscal Office (IFO) has issued periodic school property tax Version 5.2.2 ModDate: 2018-02-23 19:14:51 Producer: Acrobat Distiller 15.0 (Windows) Title: SPT Research Brief V6.pub

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Official-Revenue-Estimate-2020-06.pdf

college campuses. The administration implemented statewide mitigation measures in response to the pandemic and federal emergency declaration. A brief summary of the timeline is as follows: 2  March 16: Pennsylvania schools close for 10 days and bars and restaurants close amounts. Estimated 2019-20 Projected 2020-21 Official Revenue Estimate | Page 18 The text that follows provides a brief description of the factors that motivate trends across revenue sources for FY 2019-20 and FY 2020-21. Corporate Net Income The

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Official-Revenue-Estimate-2018-06.pdf

U.S. Treasury bill increases from 0.9 percent to 2.9 percent. The text that follows provides brief discussions for the consumer price index, payroll employment and income trends that motivate revenue projections. Unless otherwise noted, all forecasts are by amounts. Estimated 2017-18 Projected 2018-19 Official Revenue Estimate | Page 10 The text that follows provides a brief description of the factors that motivate trends across revenue sources for FY 2017-18 and FY 2018-19. Corporate Net Income The

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Oct_2020_Revenue_and_Economic_Update_Announ.pdf

00AM The Independent Fiscal Office will release an updated revenue estimate and discuss economic trends for FY 2020-21. The briefing is open to the public and submitted questions will be addressed at the end of the presentation. The report will website when the presentation concludes. RSVP Here Please click on the link to register and receive an invitation to the briefing, which will be held virtually. (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us CreationDate: 2020-

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October_2020_Revenue_and_Economic_Update_Announcement.pdf

00AM The Independent Fiscal Office will release an updated revenue estimate and discuss economic trends for FY 2020-21. The briefing is open to the public and submitted questions will be addressed at the end of the presentation. The report will website when the presentation concludes. RSVP Here Please click on the link to register and receive an invitation to the briefing, which will be held virtually. (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us CreationDate: 2020-

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October_2020_Revenue_and_Economic_Update_Announcement (002).pdf

00AM The Independent Fiscal Office will release an updated revenue estimate and discuss economic trends for FY 2020-21. The briefing is open to the public and submitted questions will be addressed at the end of the presentation. The report will website when the presentation concludes. RSVP Here Please click on the link to register and receive an invitation to the briefing, which will be held virtually. (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us CreationDate: 2020-

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October_2020_Revenue_and_Economic_Update_Announ..pdf

00AM The Independent Fiscal Office will release an updated revenue estimate and discuss economic trends for FY 2020-21. The briefing is open to the public and submitted questions will be addressed at the end of the presentation. The report will website when the presentation concludes. RSVP Here Please click on the link to register and receive an invitation to the briefing, which will be held virtually. (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us CreationDate: 2020-

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NewsStand_2019_December.pdf

to 2018. The IFO will release an updated projection of 2019 collections in late January. Metro Unemployment Rates A recent brief by the Federal Reserve Bank of Philadelphia compares unemployment rates in metropolitan sta- tistical areas (MSAs) across the past three points across MSAs from a low of 1.3% in Ames, IA to 16.2% in El Centro, CA. The brief measures the cycli- cal sensitivity of metro area employment and finds that all of Pennsylvania’s MSAs are relatively less

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Initial-Revenue-Estimate-2018-05.pdf

U.S. Treasury bill increases from 0.9 percent to 2.9 percent. The text that follows provides brief discussions for the consumer price index, payroll employment and income trends that motivate revenue projections. Unless otherwise noted, all forecasts are by General Fund Estimate for FY 2018-19 Initial Revenue Estimate | Page 10 The text that follows provides a brief description of the factors that motivate trends across revenue sources for FY 2017-18 and FY 2018-19. Corporate Net Income The

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Five_Year_Outlook_2019.pdf

115 million annually for debt service related to the Tobacco Settlement Bonds. The text that follows provides a brief discussion of historical revenue trends and the outlook for five of the largest General Fund revenue sources. The final subsection provides an kindergarten through grade 12 (Pre-K-12), (2) post-secondary and (3) other. The text that follows provides brief descriptions of these categories. Pre-K to Grade 12 Based on demographic trends of the school-age population, the forecast assumes that

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Electricity_Update_Sep_2021.pdf

The Independent Fiscal Office (IFO) publishes this research brief to provide a general overview of the Pennsylvania electricity market. According to data from the U.S. Energy Information Administration for direct use and line losses, which are not yet available for 2020. Pennsylvania Electricity Update Independent Fiscal Office | Research Brief | September 2021 Independent Fiscal Office Page 2 in 2016, and the differential widened through 2021. The average residential price in

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Economic_and_Budget_Outlook_2021_Annoucement_Final.pdf

Fiscal Office will release an updated revenue estimate and discuss economic trends for FY 2020-21 to 2025-26. The briefing is open to the public and submitted questions will be addressed at the end of the presentation. The report will website when the presentation concludes. RSVP Here Please click on the link to register and receive an invitation to the briefing, which will be held virtually. (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us CreationDate: 2021-

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Budget Hearings Packet.pdf

the preparation of monthly reports on the state economy and revenue collections, periodic revenue estimates and special reports and research briefs on various budgetary and economic topics. The enclosure lists recent reports published by the IFO, and all of these reports revenues have not been reduced for $45.3 million in CY 2016 refunds. Source: IFO forecast from Gaming Trends Research Brief, February 2017. Dollar Amounts Growth Rates Gaming Revenue and Lottery Sales (15) Tax burden equal to ratio of total state-

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Budget Hearings Packet- Web Version.pdf

the preparation of monthly reports on the state economy and revenue collections, periodic revenue estimates and special reports and research briefs on various budgetary and economic topics. The enclosure lists recent reports published by the IFO, and all of these reports revenues have not been reduced for $45.3 million in CY 2016 refunds. Source: IFO forecast from Gaming Trends Research Brief, February 2017. Dollar Amounts Growth Rates Gaming Revenue and Lottery Sales (15) Tax burden equal to ratio of total state-

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2000_cost_of_living_adjustments.pdf

2000. The report presents a general discussion of the issues involved in the provision of cost-of-living adjustments, a brief commentary on the Common- wealth’s past practices with respect to cost-of-living adjustments, and a summary of the statewide public employee retirement systems. However, there are several other issues evidenced in a review of Table II that warrant brief discussion. Absence of a Standard Design Criteria As evidenced by the variation in the design characteristics of the previous individual

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TC_2021_Resource_Enhancement_and_Protection.pdf

REAP Tax Credit, the IFO reviewed literature on the cost and environmental impact of these practices. This section includes a brief review of relevant reports and studies to assist in the general assessment of the effectiveness of the REAP Tax Credit

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TC_2021_Entertainment_Economic_Enhancement_Program.pdf

is only for live music concerts, while other state programs also include theatrical productions. The text that follows provides a brief overview of each state program. Georgia offers a non-refundable tax credit equal to 15 percent of qualified in-state

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TC_2020_Organ and Bone Marrow Donation Tax Credit.pdf

well an at-home recovery period. While the procedure and recovery for bone marrow dona- tion is relatively brief (about one week), time off for organ donation is significantly longer (three to nine days in the hospital and four to eight

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TC_2020_Keystone_Innovation_Zone_Tax_Credit.pdf

increase in economic activity. Table 4.1 contains the economic impact analysis. The text that follows provides a brief description based on line number in the table. The analysis assumes that credits are used in the same year they are awarded

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TC_2019_Film_Production_Tax_Credit_Report.pdf

Impact Models. Comparisons, in Context of EB-5 Analysis,” AKRF, INC. (May 2013). “Improving Economic Development Incentives,” Policy Brief. W.E. Upjohn Institute for Employment Re- search (2018). “JLARC Final Report: 2015 Tax Preference Performance Reviews,” Report 15-5. Washington State

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Select Committee Oct 1 2012 FINAL.pdf

any amendments. 1.Oct.2012 Analysis of HB 1776 and SB 1400 of 2012 - Slide 1 Today’s Presentation  Brief overview of HB 1776 / SB 1400 of 2012.  Analysis Objectives.  Analysis Results:  Surplus or shortfall to (1

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Revenue_Proposal_Analysis_2021_04.pdf

focus of this analysis is on the immediate movement to a $12.00 minimum wage, and it provides only a brief discussion for the phased-in increase to $15.00 over the six years that follow. This approach is used to

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Revenue_Estimate_2021_05.pdf

2 General Fund Revenue Estimate for FY 2021-22 Initial Revenue Estimate | Page 16 The text that follows provides a brief description of the factors that motivate trends across revenue sources for FY 2020-21 and FY 2021-22. Corporate Net

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Revenue_Estimate_2016-06-15_Snapshot.pdf

its official revenue estimate for FY16-17. The full report (available on the IFO website) contains additional detail, including a brief discussion of the economic outlook. The revised General Fund revenue estimate of $31.0 billion for FY15-16 represents an

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Revenue_Estimate_2015-06-15_Snapshot.pdf

its official revenue estimate for FY15-16. The full report (available on the IFO website) contains additional detail, including a brief discussion of the economic outlook. The revised General Fund revenue estimate of $30.54 billion for FY14-15 represents an

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Revenue_Estimate_2015-06-15_Release.pdf

year reduces the overall rate of growth for the General Fund.” A copy of the official revenue estimate, including a brief discussion of the economic outlook, is posted on the IFO’s website at www.ifo.state.pa.us. A separate

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Revenue_Estimate_2014-06-16_Snapshot.pdf

its official revenue estimate for FY14-15. The full report (available on the IFO website) contains additional detail, including a brief discussion of the economic outlook. The revised General Fund revenue estimate of $28.5 billion for FY13-14 represents a

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Revenue_Estimate_2014-06-16_Release.pdf

growth due to improvements in the labor market and consumer spending.” A copy of the official revenue estimate, including a brief discussion of the economic outlook, is posted on the IFO’s website at www.ifo.state.pa.us. A separate

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Revenue-Proposal-Analysis-2018-04.pdf

Budget and the corresponding impact on General Fund reve- nues over a five-year period. The text includes brief descriptions of the data sources and methodologies used to derive the revenue estimates and provides interstate comparisons or a discussion of tax

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Revenue-Estimate-2019-05.pdf

Fund Revenue Estimate for FY 2019-20 Initial Revenue Estimate | Page 12 The text that follows provides a brief description of the factors that motivate trends across revenue sources for FY 2018-19 and FY 2019-20. Corporate Net Income The

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Revenue Conference Presentation Jan 2013 FINAL.pdf

2 ModDate: 2013-01-23 16:04:52 Producer: Acrobat Distiller 10.1.5 (Windows) Title: Microsoft PowerPoint - Mid-Year Briefing Jan 2013 FINAL

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Response_Letter_9_23_2019.pdf

tax revenues are also displayed in Table 2 but are not apportioned to senior residents. The following bullets provide a brief explanation of the data sources and results. Due to the imprecise nature of the data and estimates, ranges are used

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RB-2017-5.pdf

to three state economic metrics: (1) nominal gross domestic product (GDP), (2) personal income and (3) payroll employment. 2 A brief description of the three economic metrics is as follows:  Gross Domestic Product (GDP) The value of all final goods

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QRR_2016Q1.pdf

fiscal year-to-date. Table 5 contains additional detail on specific General Fund revenue sources. The following bullets briefly discuss some of the highlights for the quarter and fiscal year-to-date.  Corporate net income tax revenues were $28 million

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QRR_2015Q4.pdf

fiscal year-to-date. Table 5 contains additional detail on specific General Fund revenue sources. The following bullets briefly discuss some of the highlights for the quarter and fiscal year-to-date. • Corporate net income revenues were $20 million below estimate

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QRR_2015Q3_preliminary.pdf

report. For the first quarter of FY 2015-16, General Fund revenues were $74 million above estimate. The following bullets briefly discuss some of the highlights for the quarter. • Corporate net income tax revenues were $27 million below estimate due to

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QRR_2015Q3.pdf

the first quarter of FY 2015-16, General Fund revenues were $74 million above estimate. The following bullets briefly discuss some of the highlights for the quarter. • Corporate net income tax revenues were $27 million below estimate due to lower-than-

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QRR_2015Q2.pdf

estimate. Additional detail on specific revenue sources can be found in Table 4. The following text provides a brief overview of the performance of the revenue estimates for the fiscal year, along with a discussion of the major revenue sources. Fiscal

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QRR_2015Q1.pdf

estimate. Additional detail on specific revenue sources can be found in Table 4. The following text provides a brief discussion for the major revenue sources. Corporate Net Income Tax Corporate net income tax collections exceeded estimate by $158 million for the

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QRR_2014Q4.pdf

estimate. Additional detail on specific revenue sources can be found in Table 4. The following text provides a brief discussion for the major revenue sources. Corporate Net Income Tax Corporate net income tax collections exceeded estimate by $58 million for the

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QRR_2014Q2.pdf

Additional detail on specific revenue sources can be found in Table 4. The text that follows provides a brief discussion for the major revenue sources. Corporate Net Income Tax Corporate net income tax collections were below estimate by $80 million for

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QRR_2013Q4.pdf

Additional detail on specific revenue sources can be found in Table 4. The text that follows provides a brief discussion for the major revenue sources. Corporate Net Income Tax Corporate net income tax collections were above estimate by $58 million for

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QRR_2013Q3.pdf

11 million. Additional detail on specific revenue sources can be found in Table 4. The text that follows provides a brief discussion for the major revenue sources. 2 Table 1 General Fund Snapshot ($ millions) Third Quarter - 2013 Fiscal Year-to-Date

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QRE_FY14-15.pdf

and 126 of 2014) that were enacted as part of the FY 2014-15 state budget. This appendix briefly summarizes the recently enacted provisions of law that affect the projections of unrestricted General Fund revenues. General Fund Transfers from Various Special

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Public Employee Retirement Laws of PA Local Governments (2009).pdf

various school employers are generally local governments, the PSERS is adequately explained elsewhere and is beyond the scope of this brief publication. -ii- Table of Contents Page General Information Public Employee Retirement Commission . . . . . . . 3 Probate, Estates and Fiduciaries Code . . . . . . . . . . 5 Postretirement

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Property-Tax-Update-August-2018.pdf

that have been published by the office. This letter contains updates to those tables and graphs. To provide context, a brief description follows. The original documents can be found on the IFO website. 1 Table 1 provides the most recent breakdown

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PBB_2021_PSP_REPORT.pdf

PBB) reviews submitted to the Board contain the following content for each activity or service provided by the agency: ▪ a brief description of the activity, relevant goals and outcomes; ▪ a breakdown of agency expenditures; ▪ the number of full-time equivalent positions

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PBB_2021_PennDOT_REPORT.pdf

PBB) reviews submitted to the Board contain the following content for each activity or service provided by the agency: ▪ a brief description of the activity, relevant goals and outcomes; ▪ a breakdown of agency expenditures; ▪ the number of full-time equivalent positions

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PBB_2021_DMVA_REPORT.pdf

PBB) reviews submitted to the Board contain the following content for each activity or service provided by the agency: ▪ a brief description of the activity, relevant goals and outcomes; ▪ a breakdown of agency expenditures; ▪ the number of full-time equivalent positions

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PBB_2021_DHS_REPORT.pdf

PBB) reviews submitted to the Board contain the following content for each activity or service provided by the agency: ▪ a brief description of the activity, relevant goals and outcomes; ▪ a breakdown of agency expenditures; ▪ the number of full-time equivalent positions

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PBB_2020_PEMA_REPORT.pdf

to the Board contain the following content for each activity or service provided by the agency:  a brief description of the activity, relevant goals and outcomes;  a breakdown of agency expenditures;  the number of full-time equivalent positions

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PBB_2020_DOS_REPORT.pdf

to the Board contain the following content for each activity or service provided by the agency:  a brief description of the activity, relevant goals and outcomes;  a breakdown of agency expenditures;  the number of full-time equivalent positions

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PBB_2020_DOH_REPORT_Final_Update.pdf

to the Board contain the following content for each activity or service provided by the agency:  a brief description of the activity, relevant goals and outcomes;  a breakdown of agency expenditures;  the number of full-time equivalent positions

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PBB_2020_DHS_REPORT_Final_Updated.pdf

to the Board contain the following content for each activity or service provided by the agency:  a brief description of the activity, relevant goals and outcomes;  a breakdown of agency expenditures;  the number of full-time equivalent positions

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PBB_2020_DEP_Report.pdf

to the Board contain the following content for each activity or service provided by the agency:  a brief description of the activity, relevant goals and outcomes;  a breakdown of agency expenditures;  the number of full-time equivalent positions

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PBB_2020_DCED_REPORT.pdf

to the Board contain the following content for each activity or service provided by the agency:  a brief description of the activity, relevant goals and outcomes;  a breakdown of agency expenditures;  the number of full-time equivalent positions

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PBB_2019_PCCD_Report.pdf

to the Board contain the following content for each activity or service provided by the agency:  a brief description of the activity, and relevant goals and outcomes;  a breakdown of agency expenditures;  the number of full-time equivalent

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PBB_2019_JCJC_Report.pdf

to the Board contain the following content for each activity or service provided by the agency:  a brief description of the activity, and relevant goals and outcomes;  a breakdown of agency expenditures;  the number of full-time equivalent

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PBB_2019_DOBS_Report.pdf

to the Board contain the following content for each activity or service provided by the agency:  a brief description of the activity, and relevant goals and outcomes;  a breakdown of agency expenditures;  the number of full-time equivalent

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PBB_2019_DGS_Report.pdf

to the Board contain the following content for each activity or service provided by the agency:  a brief description of the activity, and relevant goals and outcomes;  a breakdown of agency expenditures;  the number of full-time equivalent

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PBB_2019_Criminal_Justice_Report.pdf

to the Board contain the following content for each activity or service provided by the agency:  a brief description of the activity, and relevant goals and outcomes;  a breakdown of agency expenditures;  the number of full-time equivalent

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Official-Revenue-Estimate-2019-06.pdf

Fund Revenue Estimate for FY 2019-20 Official Revenue Estimate | Page 12 The text that follows provides a brief description of the factors that motivate trends across revenue sources for FY 2018-19 and FY 2019-20. Corporate Net Income The

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NewsStand_2019_June.pdf

over-year. Opioid Crisis Impacts PA Productivity and Healthcare On June 4, the Federal Reserve Bank of Philadelphia released a brief that examines the opioid crisis using data from the Third District, which includes Pennsylvania, New Jersey and Delaware. The article

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MTR-2016-12.pdf

subject to revision. Figures are annualized rates. Source: U.S. Bureau of Economic Analysis. 1 Pennsylvania State Data Center, “Research Brief: 2016 National and State Population Estimates Released,” December 21, 2016. United States Pennsylvania Sep-16 Oct-16 Nov-16 Dec-

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MQRE_FY21_22_August.pdf

statutory changes (Acts 24, 25 and 26 of 2021) enacted in conjunction with the state budget. This section briefly summarizes the recently enacted provisions that affect projections of unrestricted General Fund revenues. The descriptions that follow do not include every statutory

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MQRE_FY20_21_Revised_Feb.pdf

impact from statutory changes (Act 114-2020) enacted in conjunction with the second part of the state budget. This section briefly summarizes the recently enacted provisions that affect projections of unrestricted General Fund revenues. The descriptions that follow do not include

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MQRE-FY20-21-Aug.pdf

includes the impact from statutory changes (Act 23-2020) enacted in conjunction with the state budget. This section briefly summarizes the recently enacted provisions that affect projections of unrestricted General Fund revenues. The descriptions that follow do not include every statutory

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MQRE-FY19-20-Aug.pdf

statutory changes (Acts 13, 15, 16, 20 and 65) enacted in conjunction with the state budget. This section briefly summarizes the recently enacted provisions that affect projections of unrestricted Gen- eral Fund revenues. The descriptions that follow do not include every

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MQRE-FY18-19-July.pdf

impact from statutory changes (Acts 39 and 42) enacted in conjunc- tion with the state budget. This section briefly summarizes the recently enacted provi- sions that affect projections of unrestricted General Fund revenues. The descriptions that follow do not include every

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MER-2014-06.pdf

Fiscal Of Ðice is conducting further re‐ search into Pennsylvania GSP and plans to publish Ðindings in a new Research Brief series this year. June 2014 Source: U.S. Bureau of Economic Analysis. 1 Percentage points. 2 DE and WV are

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Medicaid_Expansion_Report_Note_on_Revisions.pdf

the uncertainty regarding those additional federal funds. Please refer to the note at the front of the report for a brief description of the changes. Author: mryan CreationDate: 2013-05-13 19:09:26 Creator: PScript5.dll Version 5.2.2

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June_Revenue_Estimate_2021.pdf

2 General Fund Revenue Estimate for FY 2021-22 Official Revenue Estimate | Page 16 The text that follows provides a brief description of the factors that motivate trends across revenue sources for FY 2020-21 and FY 2021-22. Corporate Net

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IFO_Testimony_Feb2018.pdf

today. To provide some context for the packet that has been submitted for this budget hearing, I would like to briefly discuss recent economic and revenue trends, as well the potential impact of the federal Tax Cuts and Jobs Act (TCJA

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IFO_Hearing_Packet_Feb2019.pdf

and issues actuarial notes for legislation proposing changes to public employee pension or retirement plans and special reports and research briefs on various budget and economic topics. This submission lists reports published by the IFO during the past year, and all

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IFO_Analyst_Opening.pdf

Complex. Compensation is based on education, skills and experience. A comprehensive benefits package is included. Interested applicants should submit a brief cover letter and resume by email to Charlene Raves (craves@ifo.state.pa.us). Please type the word 'Application' in

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IFO testimony CR Hearing Jan 29 2020.pdf

Boscola and members of the committee, thank you for the opportunity to testify. For my remarks, I will provide some brief comments on combined reporting, the use of the filing method by other states and the IFO’s perspective on the

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IFO - Economic and Budget Outlook - January 2012.pdf

phase-out must also be incorporated as a technical adjustment. All significant technical adjustments are noted in the text. A brief summary that describes the basic methodology used to derive revenue projections may be found in the Appendix. Unless stated otherwise

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House_Appropriation_Response_Letter_3_17_2021.pdf

highest rate of marijuana-related ED visits from 2015 to 2018 (16.7 per 1,000 ED visits). A 2020 brief by the federal-state Healthcare Cost and Utilization Project found that the national average cost per ED visit was $530

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House Appropriation Response Letter 2-28-2020.pdf

table. Representative Brown requested property tax burden by county. This project has been undertaken by the IFO as a Research Brief and will be released as a stand-alone report later this spring. As indicated during the IFO’s budget hearing

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HAC testimony Feb 2019.pdf

this budget hearing, I would like to discuss recent economic and revenue trends. I would also like to make some brief comments regarding the IFO’s recently published performance-based budget (PBB) plans and tax credit reviews. Revenue Update for FY

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GPNP July 10, 2012 final.pdf

Independent Fiscal Office (IFO).  Who we are.  What we do.  Official Revenue Estimate.  Other analyses.  Brief Economic Update.  What do tax data show? 10.Jul.2012 1 2012 GPNP Conference IFO Concept  IFO combines

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Economic_and_Revenue_Update_2021.pdf

changes to public employee pension or retirement plans, cost analyses of approved collective bargaining agreements and special reports and research briefs on various budget and economic topics. Questions regarding this packet can be submitted to contact@ifo.state.pa.us. Sincerely

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Economic_and_Revenue_Update_2020_10.pdf

expectations (+$580 million) for the first four months of the fiscal year. The text that follows provides a brief description of the factors that motivate revisions to the estimate by major revenue source for FY 2020-21. Corporate Net Income The

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Economic_and_Revenue_Update_2020.pdf

issuing actuarial notes for legislation that proposes changes to public employee pension or retirement plans and special reports and research briefs on various budget and economic topics. This submission lists recent reports published by the IFO during the past year, and

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Econ Summit Presentation Feb 28 2017.pdf

Lotto -2.9% -9.4% 9.3% -7.6% Note: millions of dollars. Source: IFO forecast from Gaming Trends Research Brief, February 2017. Slots and table games revenues have not been reduced for $45.3 million in CY 2016 refunds. Table

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Demographics_Outlook_2020.pdf

and net migration rates for Pennsylvania residents. The treatment of COVID-19, the recent worldwide pandemic, is also briefly discussed on the next page. Births The projection for births is based on a two-year average birth rate from 2017 to

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2013-08 Monthly Economic Summary.pdf

an impact on Gross State Product, but the magnitude is unclear since those data are not currently available. 1 See “Briefing: Results of the 2013 NIPA Comprehen- sive Revisions” at http://www.bea.gov/national/pdf/ 2013briefingslides%20for%20web.pdf. Source: U.S

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2006_surviving_spouse_healthcare_study.pdf

administrative agreement with the Governor’s Office of Administration, under which the PEBTF functions as a third party administrator. (A brief description of the PEBTF is provided in Appendix VI). The arrangement for that program requires that the PEBTF invoice the

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2002_dbdc_report.pdf

presents, as background, a discussion of the nature of defined benefit pension plans and defined contribution pension plans and a brief description of the Commonwealth’s current state-wide defined benefit pension plans. The report also provides responses to the seven

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