STATE AND LOCAL TAX REVENUES: A 50 STATE COMPARISONThis report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. Tags: comparison, local, state, tax |
State and Local Tax Revenues: A 50 State ComparisonThis report uses the most recent data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. Tags: comparison, local, state, tax |
State and Local Taxes: A Comparison Across StatesThis report uses the most recent data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. Tags: comparison, local, state, tax |
STATE AND LOCAL TAX REVENUES: A 50 STATE comparisonThis report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. 01/19/2022 |
State and Local Tax Revenues: A 50 State comparisonThis report uses the most recent data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. 11/24/2020 |
State and Local Taxes: A comparison Across StatesThis report uses the most recent data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. 01/29/2020 |
Income and Property Tax Burden for RetireesIn response to a legislative request, the IFO transmitted a letter that modifies or supplements certain computations from the IFO report entitled State and Local Taxes: A comparison Across States (December 2018). The letter also compares Pennsylvania’s relative debt burden to other states. 03/06/2019 |
State and Local Taxes: A comparison Across StatesThis report uses the most recent data from the U.S. Census Bureau and U.S. Bureau of Economic Analysis to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative state and local tax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property), (3) state tax rates and (4) state debt levels. 12/03/2018 |
Owner-Occupied Housing Units by Age of Householder - a Multi-Jurisdiction comparisonThe Independent Fiscal Office responded to a question raised at the office's recent budget hearing before the Senate Appropriations Committee. A committee member asked how Pennsylvania compares to other states regarding the share of owner-occupied households in which the homeowner is age 60 or over. The response includes multi-jurisdiction comparisons for householders who are age 60 or over, age 65 or over and age 75 or over. 03/12/2018 |
State and Local Taxes: A comparison Across StatesThis report uses the most recent data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative state and local tax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. 02/01/2018 |
Quarterly Revenue Review 2017 Q3The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and actual collections. 11/03/2017 |
Quarterly Revenue Review 2017 Q2The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and actual collections. 08/02/2017 |
State and Local Taxes: A comparison Across StatesThis report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS) and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative state and local tax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels. 05/31/2017 |
Quarterly Revenue Review 2017 Q1The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and actual collections. 05/05/2017 |
Department of Corrections Performance MeasuresAt the request of the General Assembly, the IFO has published a performance measurement report for the Department of Corrections (DOC) in advance of the agency’s budget hearings. The report includes agency cost-drivers, performance metrics and multi-state comparisons. The DOC report arises from the IFO’s 2016 report, “Using Performance Measures in the State Budget,” in which the office outlined options for performance measurement and provided a prototype report that could be integrated into the state budget process and utilized during annual budget hearings. 02/27/2017 |
Quarterly Revenue Review 2016 Q4The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and actual collections. 01/24/2017 |
Quarterly Revenue Review 2016 Q3The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and actual collections. Fiscal Year 2016-17 2016 Q3 (July to September 2016) 10/27/2016 |
State and Local Taxes: A comparison Across StatesThe report examines how Pennsylvania's state and local tax structure compares to other states. It uses data published by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis to make comparisons. 03/30/2015 |
Pennsylvania Gaming TrendsThis 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 |
State Economic comparisonThis 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 comparisonThis 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 |
Pennsylvania Lottery: Historical Data and Interstate comparisonsDemographic projections suggest that demand for programs and services funded by lottery revenues will grow at a rate that exceeds the expansion of the Pennsylvania economy. Therefore, an important issue for policymakers is whether lottery revenues can maintain recent growth rates so they will be sufficient to meet those demands. This report provides data to assist policymakers in those deliberations. 01/30/2014 |
ACN_SB1_A01354_A01558_2017_06_03a.pdfa lower employer contribution rate. Under this option: A01354 and A01558 to SB 1 4 Independent Fiscal Office Table 1: Comparison of Benefit Design for New Employees Current Law Option 1: Option 2: Option 3: Default Hybrid Alternative Hybrid DC Only occurring near the end of the projection period, which results in PSERS savings being more heavily discounted compared to SERS. Comparison of Benefits The proposal implements changes to the benefit design for new members of PSERS and SERS who begin service Hits: 35 |
TC_2019_Historic_Preservation_Tax_Credit_Report.pdfMoreover, rehabilitation pro- jects can have significant positive spillover effects that are difficult to quantify. These attributes complicate comparisons of the HPTC to other credits used to promote economic development and job creation. The IFO welcomes all questions and comments on 5 Purpose and Goals .......................................................................................................................... 5 Administration and Implementation .................................................................................................. 7 Historical HPTC Data ....................................................................................................................... 9 Section 3: State Tax Credit Comparison ................................................................................ 11 Section 4: Economic Analysis and Issues............................................................................... 15 Technical Issues That Affect Economic Impact ................................................................................ 15 Two State Comparisons Using Federal Tax Credit Hits: 28 |
State-Tax-Comparison-2020-01.pdf1 State and Local Taxes A Comparison Across States JANUARY 2020 Independent Fiscal Office About the Independent Fiscal Office The Independent Fiscal Office (IFO) provides revenue projections submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director - This page intentionally left blank. - Tax Comparison Study Page 1 Methodology and Data Sources This report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS Hits: 23 |
TC_2020_Research and Development Tax Credit.pdfR&D Tax Credit Overview ........................................................................................ 5 Goals and Purpose .......................................................................................................................... 5 Administration ................................................................................................................................. 6 Historical Data ................................................................................................................................ 7 Section 3: State Comparison .................................................................................................. 13 Research and Development Tax Credit ........................................................................................... 13 Impact on Corporate Effective Tax Rate .......................................................................................... 15 Research and Development Spending Trends .................................................................................. 16 Research and Development Employment Trends ............................................................................. 17 State Comparison Summary ........................................................................................................... 19 Section 4: Economic Analysis ................................................................................................. 21 Key Findings from RDTC Studies .................................................................................................... 21 Economic Impact........................................................................................................................... 23 Analysis Caveats............................................................................................................................ 27 Section 5: Tax Hits: 22 |
TC_2019_Film_Production_Tax_Credit_Report.pdf5 Purpose and Goals .......................................................................................................................... 5 Administration and Implementation .................................................................................................. 6 Historical FPTC Data ........................................................................................................................ 7 Section 3: State Tax Credit Comparison .................................................................................. 9 Film-Television Production Incentives Across States ........................................................................... 9 Industry Employment Trends ......................................................................................................... 11 Industry Output Trends ................................................................................................................. 13 Film Production Tax Credit Studies Across production days in Pennsylvania. Number of room nights in Pennsylvania hotels. Total Pennsylvania production expenses in comparison to the total production budget. The use of studio resources. The location and type of any qualified post-production expenses Hits: 22 |
State_Tax_Comparison_2022_01.pdf1 State and Local Tax Revenues A 50 State Comparison JANUARY 2022 Independent Fiscal Office Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 717- submitted to contact@ifo.state.pa.us. Sincerely, Dr. Matthew J. Knittel Director - This page intentionally left blank. - State Tax Comparison Page 1 Methodology and Data Sources This report uses data from the U.S. Census Bureau, the Internal Revenue Service Hits: 22 |
State_Tax_Comparison_2020_11.pdfto contact@ifo.state.pa.us. Sincerely, Dr. Matthew J. Knittel Director - This page intentionally left blank. - Tax Comparison Study Page 1 Methodology and Data Sources This report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS U.S. Bureau of Economic Analysis, the Federation of Tax Administrators and the Tax Foundation to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative state and local tax burden across Hits: 21 |
2002_dbdc_report.pdfCurrent Public Employee Retirement Systems . . . . . . . . . . . . . . . . . . . . . . . . . 6 Part II – Analysis Requested in House Resolution No. 266 Resolution Objective No. 1 – Benefit Comparison . . . . . . . . . . . . . . . . . . . . . . 11 Resolution Objective No. 2 – Cost Considerations . . . . . . . . . . . . . . . . . . . . . . 14 Resolution Objective No. 3 – Benefit Disbursement Experience . . . . . . . . . . 17 Resolution Objective No. 4 51 Appendix II – June 28, 2002, Letter and Data from David H. Killick of Conrad M. Siegel, Inc. Regarding Benefit Comparison and Cost Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 Appendix III – July 3, 2002, Memorandum from Governor’s Office of General Counsel Regarding Liability and Hits: 21 |
SR2017-03.pdfTax Comparison Study 2017 Independent Fiscal Office Page 1 Methodology This report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS) and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative state and local tax Hits: 20 |
Revenue-Proposal-Analysis-2020-04.pdf15 Raising the Minimum Wage .................................................................................................... 17 Minimum Wage Across States ........................................................................................................ 18 Recent Minimum Wage Studies ...................................................................................................... 20 Border County Comparison ............................................................................................................ 23 Workers Affected by a $12 per Hour Minimum Wage ....................................................................... 25 Employment Impact from a $12 per Hour Minimum Wage ............................................................... 27 Income Impact on Tipped Workers ............................................................................................................. 37 Moving from a $12 to $15 per Hour Minimum Wage ........................................................................ 40 Revenue Estimate Comparison ....................................................................................................... 40 Summary ...................................................................................................................................... 41 - This page intentionally left blank. - Introduction | Page 1 Introduction This report provides revenue estimates for the tax and revenue Hits: 20 |
State and Local Tax Burden Study.pdfIndependent Fiscal Office State and Local Tax Comparison Study October 2012 About the Independent Fiscal Office The Independent Fiscal Office (IFO) provides revenue projections for use in the Nov. 23, 2010 (P.L.1269, No.120). __________________________________________________________ This page was left blank intentionally. State and Local Tax Comparison Study 2012 Independent Fiscal Office Page 1 Introduction Policymakers often inquire about their state’s tax system relative to other states. This Hits: 18 |
Revenue_Proposal_Analysis_2021_04.pdfpage intentionally left blank. - Table of Contents Introduction .............................................................................................................................. 1 Corporate Net Income Tax ........................................................................................................ 3 Proposal Highlights ......................................................................................................................... 3 Background and State Comparison .................................................................................................. 4 Combined Reporting Base Expansion Analysis ................................................................................. 5 Combined Reporting Revenue Impacts in Other States ..................................................................... 7 Revenue Impact .............................................................................................................................. 8 Factors that 3,848 Rate Reduction -46 -462 -720 -1,049 -1,400 -3,678 Total 208 336 149 -120 -404 170 Comparison of Combined Reporting and Rate Reduction Estimates Note: Amounts in dollar millions. Both estimates assume combined reporting is enacted first Hits: 15 |
TC_2022_Educational_Tax_Credits.pdfEducational Tax Credit Overview .............................................................................................. 5 Goals and Purpose .......................................................................................................................... 7 Administration ................................................................................................................................. 7 Historical Data ................................................................................................................................ 8 Historical Private School Trends ..................................................................................................... 17 State Comparisons .................................................................................................................. 19 Reports Published by Other States.................................................................................................. 20 Economic Analysis ................................................................................................................... 25 Tax Credit Plan ........................................................................................................................ 29 General Findings ........................................................................................................................... 29 Specific Recommendations ............................................................................................................. 29 School Attendance and Scholarships Share of private school students w/ ETC scholarships Share of all students attending private school State Comparisons | Page 19 State Comparisons Table 3.1 displays details for other state programs that provide tax credits to businesses or Hits: 13 |
Revenue-Proposal-Analysis-2019-03.pdfdescriptions of the data sources and methodologies used to derive the revenue estimates, as well as an interstate comparison of CNIT rates and filing methods. The second section analyzes the proposal to increase the state minimum wage from $7.25 to to 1.5 (unweighted average) percentage points during the time period under consideration. (See Table 1.2.) By comparison, for CR states, the growth rate differential is only 1.0 (weighted) or 0.9 (unweighted) percentage points because average CNIT revenue Hits: 11 |
PBB_2021_PennDOT_REPORT_ADDENDUM.pdfvarious forms: inputs (funding levels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (effectiveness), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the construction based on contractor prices. The index components reflect contractor prices for asphalt, con- crete, rebar, excavation and aggregate. By comparison, the industry’s general Construction Cost Index (CCI) increased at an average rate of 2.1 percent per annum. Although Hits: 11 |
IFO_Hearing_Packet_Feb2019.pdfFiscal Office List of Materials Included Independent Fiscal Office Overview ..................................................................................... 1 Summary of IFO Expenditures ................................................................................................ 3 General Fund Financial Statement Comparison .............................................................. 4 Reconciling FY 2019-20 Ending Balance: Executive Budget vs IFO ....................... 5 Economic Trends .......................................................................................................................... 6 PA Employment Gains and Losses by Sector .................................................................... 7 State Metric Comparison ........................................................................................................... 8 Pennsylvania Demographic Snapshot ................................................................................. 9 Pennsylvania Demographic Trends .................................................................................... 10 State Domestic Migration Comparison .............................................................................. 11 2018-19 Revenue Update........................................................................................................ 12 2019- Hits: 11 |
IFO_Hearing_Packet_Feb2018.pdfS. Economic Trends 5 Pennsylvania Economic Trends 6 Pennsylvania Employment Gains and Losses 7 Pennsylvania Income Sources 8 State Metric Comparison 9 Pennsylvania Demographic Trends 10 State Migration Comparison 11 Revenues and Federal Income Tax Reform Revenues Through January 12 Revenue Uncertainty for FY 2017‐18 13 Major Revenue Hits: 10 |
2013_special_report_funding_and_reforming_public_employee_retirement_systems.pdf6–State Employees’ Retirement System, Projected Employer Contribution Rates BasedUpon Optional Amortization Methods. . . . . . . . . . . . . . . 17•Table 7–Plan Design Features: A Comparison of Defined Benefit,Cash Balance and Defined Contribution Plans. . . . . . . . 21•Table 8–Major Municipal Membership Benefit Provisions.. . . . . . . . . 28•Table 9– long term. The following table, provided by the Teachers’ Insurance Annuity Association – College Retirement Equity Fund (TIAA-CREF), is a comparison of the major design features for traditional defined benefit, cash balance and defined contribution retirement plans. It is important to Hits: 10 |
Revenue-Proposal-Analysis-2018-04.pdfincludes brief descriptions of the data sources and methodologies used to derive the revenue estimates and provides interstate comparisons or a discussion of tax incidence under proposed tax law. The second section analyzes the proposal to increase the state minimum wage year window, the net impact of the proposal is negative due to the significant CNIT rate reduction. Interstate Comparison Table 1.3 provides an interstate comparison of the CNIT. The table includes (1) the state tax rate, or range of tax Hits: 9 |
PBB_2019_DOBS_Report.pdfformulate questions to agencies regarding their operations. The plans cannot identify optimum funding levels or provide a direct comparison of relative effectiveness across programs. For that purpose, more detailed methods would be required. 3 Note on data: Most performance metrics used ulators. (See page 7 for more discussion on CAMELS ratings.) Publish depository institution fee schedules and provide a comparison to selected other states. This review recommends that DOBS publish a fee schedule with a comparison to relevant fees levied by selected Hits: 9 |
TC_2021_Video_Game_Production.pdf3 Section 2: VGP Tax Credit Overview ........................................................................................ 5 Goals and Purpose .......................................................................................................................... 5 Administration ................................................................................................................................. 6 Historical Data ................................................................................................................................ 7 Section 3: State Comparison .................................................................................................... 9 Industry Employment Trends ......................................................................................................... 10 Literature Review .......................................................................................................................... 12 Section 4: Economic Analysis ................................................................................................. 13 Video Game Project Cost Profile ..................................................................................................... 13 Economic final audited figures are received. Fiscal Year Video Game Production Budget and Employment Data Table 2.2 Section 3: State Comparison | Page 9 Section 3: State Comparison Currently, 19 states offer one or more incentives to encourage video game production. The Hits: 8 |
TC_2021_Neighborhood_Assistance_Program.pdf3 Section 2: NAP Tax Credit Overview ......................................................................................... 5 Goals and Purpose .......................................................................................................................... 6 Administration ................................................................................................................................. 7 Historical Data ................................................................................................................................ 8 Section 3: State Comparison ................................................................................................... 13 Key Findings from Other State Studies ............................................................................................ 15 Section 4: Economic Analysis .................................................................................................. 17 Economic Impact........................................................................................................................... 17 Non-Economic Impacts .................................................................................................................. 20 Dollars ($000s) Average Award Section 2: NAP Tax Credit Overview | Page 12 - This page intentionally left blank. - Section 3: State Comparison | Page 13 Section 3: State Comparison This section compares relevant 2020 data for the 18 states that offered a program Hits: 7 |
NGPR-2019Q4.pdfWyoming registered production gains. Figure 5 displays a map of calendar year production by county. Table 5: 2019 County Production Comparison Production Volume (bcf) Number of Producing Wells Calendar Year 2019 Metrics Calendar Year 2019 Metrics Rank County 2018 2019 Share 285 1,380 14.6% 7.4% Note: Horizontal wells only. Data shown pertain to the full calendar year. County Comparison Figure 5: 2019 County Production Comparison Billion Cubic Feet 0 2 - 30 55 - 143 232 - 375 885+ Independent Fiscal Office Hits: 7 |
NGPR-2019Q3.pdfWyoming registered production gains. Figure 5 displays a map of calendar year production by county. Table 5: 2019 County Production Comparison Production Volume (bcf) Number of Producing Wells Calendar Year 2019 Metrics Calendar Year 2019 Metrics Rank County 2018 2019 Share 4% 6.6% Note: Horizontal wells only. Data shown pertain to the first three quarters of the calendar year. County Comparison Figure 5: 2019 County Production Comparison Billion Cubic Feet 0 2 - 23 35 - 112 171 - 273 658+ Independent Fiscal Office Hits: 7 |
NGPR-2019Q2.pdfWyoming registered production gains. Figure 5 displays a map of calendar year production by county. Table 5: 2019 County Production Comparison Production Volume (bcf) Number of Producing Wells Calendar Year 2019 Metrics Calendar Year 2019 Metrics Rank County 2018 2019 Share 5% 7.4% Note: Horizontal wells only. Data shown pertain to the first two quarters of the calendar year. County Comparison Figure 5: 2019 County Production Comparison Billion Cubic Feet 0 1 - 15 22 - 78 113 - 180 429+ Independent Fiscal Office Hits: 7 |
Economic_and_Revenue_Update_2020.pdfand Allocation of Staff Resources ......................................................................... 4 Pennsylvania Economic Trends ................................................................................................................. 5 PA Employment Gains and Losses by Sector ....................................................................................... 6 State Metric Comparison ............................................................................................................................ 7 Pennsylvania Demographic Snapshot .................................................................................................... 8 Most PA Job Gains to Age 55+ ................................................................................................................. 9 Net Domestic Migration Trends ............................................................................................................ 10 PA Demographic Trends Cause Tight Labor Market ...................................................................... 11 General Fund Financial Statement Comparison .............................................................................. 12 FY 2019-20 Revenue Projections ........................................................................................................... 13 FY 2020-21 Revenue Projections ........................................................................................................... 14 Growth of Top 3 Revenue Sources ....................................................................................................... 15 Hits: 7 |
Independent Fiscal Officethe Coal Refuse Energy and Reclamation Tax C redit Report. ... (Full Report) STATE AND LOCAL TAX REVENUES: A 50 STATE COMPARISON Economics and Other January 19, 2022 This report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and Hits: 7 |
TC_2022_Mixed_Use_Development.pdf1 Introduction .............................................................................................................................. 3 Mixed-Use Development Tax Credit Overview ......................................................................... 5 Goals and Purpose .......................................................................................................................... 5 Administration ................................................................................................................................. 6 Historical Data ................................................................................................................................ 7 State Comparison .................................................................................................................... 11 Tax Credit Plan ........................................................................................................................ 13 General Findings ........................................................................................................................... 13 Specific Recommendations ............................................................................................................. 13 Key Decision Points ....................................................................................................................... 14 Conclusion .................................................................................................................................... 15 Appendix ................................................................................................................................. 17 Performance- Revitalization Fund Program Projects Fiscal Year Mixed-Use Development Tax Credit Overview | Page 10 - This page intentionally left blank. - State Comparison | Page 11 State Comparison This section provides an overview of other state tax credit programs that are similar to the Hits: 6 |
TC_2022_Brewers.pdfand Recommendations .................................................................................. 1 Introduction .............................................................................................................................. 3 Brewers’ Tax Credit Overview ................................................................................................... 5 Goals and Purpose .......................................................................................................................... 5 Administration ................................................................................................................................. 6 Historical Data ................................................................................................................................ 6 State Comparisons .................................................................................................................. 11 Economic Analysis ................................................................................................................... 13 Tax Credit Plan ........................................................................................................................ 15 General Findings ........................................................................................................................... 15 Specific Recommendations ............................................................................................................. 15 Key Decision Points ....................................................................................................................... 16 Conclusion .................................................................................................................................... 16 50,000) and Very Small (under 5,000). Brewers’ Tax Credit Overview | Page 10 - This page intentionally left blank. - State Comparisons | Page 11 State Comparisons Currently, 12 states offer some form of a tax incentive to brewers. Six states offer a Hits: 6 |
TC_2021_Keystone_Special_Development_Zones_Update.pdf9 Section 2: KSDZ Tax Credit Overview ..................................................................................... 10 Goals and Purpose ...................................................................................................................... 12 Administration ............................................................................................................................ 12 Historical Data ........................................................................................................................... 13 Section 3: State Comparison ................................................................................................... 14 State Brownfield Programs .......................................................................................................... 15 Literature Review ....................................................................................................................... 16 Section 4: Economic Analysis .................................................................................................. 18 Section 5: Tax Credit Plan ....................................................................................................... 23 General on state tax revenues. Section 2: KSDZ Tax Credit Overview | Page 14 - This page intentionally left blank. - Section 3: State Comparison | Page 15 Section 3: State Comparison Due to the increased risk inherent to brownfield redevelopment projects, investors often require a Hits: 6 |
TC_2020_Mobile Telecommunications Broadband Investment Tax Credit.pdfSection 2: Tax Credit Overview .................................................................................................... 5 Goals and Purpose...........................................................................................................................5 Administration.................................................................................................................................6 Historical Data.................................................................................................................................6 Section 3: State Comparison ........................................................................................................ 7 Section 4: Economic Analysis ..................................................................................................... 11 Key Assumptions ........................................................................................................................... 11 Economic Impact........................................................................................................................... 13 Sensitivity Analysis ........................................................................................................................ 16 Section 5: Tax Credit Plan .......................................................................................................... 17 General year cannot exceed 50% of the taxpayer's CNIT liability. Source: PA Department of Revenue. Section 3: State Comparison | Page 7 Section 3: State Comparison The expansion of broadband infrastructure is a common state public policy initiative, as access to high- Hits: 6 |
TC_2020_Keystone_Innovation_Zone_Tax_Credit.pdfKIZ Tax Credit ............................................................................... 5 Goals and Purpose .......................................................................................................................... 5 Administration ................................................................................................................................. 6 Historical Data ................................................................................................................................ 7 Section 3: State Tax Credit Comparison ................................................................................ 13 Maryland’s RISE Zone Tax Credit .................................................................................................... 13 Other State Programs .................................................................................................................... 13 Section 4: Economic Analysis ................................................................................................. 15 Key Assumptions ........................................................................................................................... 15 Economic Impact Overview of the KIZ Tax Credit | Page 12 - This page intentionally left blank. - Section 3: State Tax Credit Comparison | Page 13 Section 3: State Tax Credit Comparison The KIZ Tax Credit is unique to Pennsylvania, and only Maryland offers a comparable Hits: 6 |
TC_2019_New_Jobs_Tax_Credit_Report.pdf5 Purpose and Goals .......................................................................................................................... 5 Administration and Implementation .................................................................................................. 6 Historical JCTC Data ........................................................................................................................ 7 Section 3: State Tax Credit Comparison ................................................................................ 11 Section 4: Economic Analysis ................................................................................................. 13 Key Assumption ............................................................................................................................ 13 Economic Impact........................................................................................................................... 15 Sensitivity Analysis ........................................................................................................................ 17 Other Possible Impacts Associated with JCTC .................................................................................. 18 6 Table 4 JCTC Five-Year Credit Inventory Source: DCED records. Note: millions of dollars. State Tax Credit Comparison | Page 11 Section 3: State Tax Credit Comparison Many states offer one or more incentives for job creation, sometimes as part of Hits: 6 |
Presentation_PASBO_Annual_Conference_3-8-2018.pdfslower than the state economy. PA state-local sales tax burden < national average. 13 March 8, 2018 Revenue Volatility Comparison -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 2012-13 2014-15 2016-17 2018-19 Great Recession Sales Income Property 14 March 8, 2018 Tax Base Growth Comparison 1.00 1.10 1.20 1.30 1.40 1.50 1.60 1.70 2004-05 2006-07 Hits: 6 |
PBB_2020_DEP_Report.pdflevels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (e.g., recidivism), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the work performed questions to agencies regard- ing their operations. The plans cannot identify optimum funding levels or provide a direct comparison of relative effectiveness across most programs. Note on data: Unless otherwise noted, performance metrics used in this report were supplied by the Hits: 6 |
PBB_2019_DGS_Report.pdfformulate questions to agencies regarding their operations. The plans cannot identify optimum funding levels or provide a direct comparison of relative effectiveness across programs. For that purpose, more detailed methods would be required. 3 Note on data: Most performance metrics used implement- ing Penn State Facilities Engineering Institute recommendations, including: Utilize General Services Administration benchmarking data as a comparison for DGS. Develop or adopt standard specifications for cleaning and repair and maintenance that are in line with industry standards and Hits: 6 |
NGPR_2022_Q2.pdfwhich comprise over 99% of total production in Pennsylvania. The report also includes (1) county-level production and well count comparisons, (2) state production comparisons from the U.S. Energy Information Administration (EIA) and (3) natural gas hub price trends from Bentek Energy. Production Volume Hits: 6 |
IFO - Economic and Budget Outlook - January 2012.pdfrecession peak within an average of thirty-six months following the previous three recessions (1981-82, 1991 and 2001). By comparison, current payroll employment remains 4.4 4 In August 2007, American Home Mortgage filed for bankruptcy, Ameriquest discontinued its mortgage 09 recession. For the US, the -3.5 percent decline in real output was the largest decline since 1946. By comparison, the recession years of 1974 (-0.6 percent decline in real output), 1982 (-1.9 percent), 1991 (-0.2 percent Hits: 6 |
TC_2020_Organ and Bone Marrow Donation Tax Credit.pdf2: Credit Overview ....................................................................................................... 5 Purpose and Goals .......................................................................................................................... 5 Administration ................................................................................................................................. 6 Historical Data ................................................................................................................................ 6 Section 3: State Tax Credit Comparison ................................................................................... 7 Section 4: Fiscal Analysis ........................................................................................................ 11 Section 5: Tax Credit Plan ....................................................................................................... 13 General Findings ........................................................................................................................... 13 Specific Recommendations ............................................................................................................. 14 Key Decision Points ....................................................................................................................... 14 Services, Organ Donation Statistics, https://www.organdonor.gov/statistics- stories/statistics.html#donation. Section 3: State Tax Credit Comparison | Page 7 Section 3: State Tax Credit Comparison As of 2019, 21 states offer a tax incentive directed at easing the financial Hits: 5 |
SUT Exemption for Aircraft - January 2013.pdf336321 and 336360. See technical appendix for definitions. Source: Pennsylvania Department of Revenue. Independent Fiscal Office Page 12 Comparison of State Employment Trends Table 4 presents employment trends for aircraft manufacturers (NAIC 336411-13), wholesalers (NAIC 423860), retailers (NAIC 441229) and in the analysis. The second time period splits that 12-year interval in half. This presentation facilitates a comparison of long-run and more recent employment trends since certain states have enacted SUT exemptions. The exemptions mainly apply to aircraft parts Hits: 5 |
Revenue_Proposal_Analysis_2022_04.pdfTax ............................................................................................................... 3 Cigarette Tax .................................................................................................................................. 5 Personal Income Tax ....................................................................................................................... 5 Gaming Taxes ................................................................................................................................. 5 Nontax Revenues ............................................................................................................................ 5 Raising the Minimum Wage ...................................................................................................... 7 Comparison to Other States ............................................................................................................. 7 Recent Minimum Wage Studies ........................................................................................................ 9 Border County Comparison ............................................................................................................ 10 Economic and Revenue Impact ...................................................................................................... 12 - This page intentionally left blank. - Introduction | Page 1 Introduction This report provides revenue estimates Hits: 5 |
Revenue-Estimate-Performance_2022_10.pdfCNIT, $1,335 million in PIT, $160 million in SUT and $68 million in Other Tax. To facilitate an accurate comparison, this analysis assumes that the delayed revenues were received in FY 2019-20. 2 The IFO official estimate refers to CNIT, $1,335 million in PIT, $160 million in SUT and $68 million in Other Tax. To facilitate an accurate comparison, this analysis assumes that the delayed revenues were received in FY 2019-20. 1 FY 2015-16 comparison adjusts for Hits: 5 |
Revenue-Estimate-Performance-2021-09.pdfCNIT, $1,335 million in PIT, $160 million in SUT and $68 million in Other Tax. To facilitate an accurate comparison, this analysis assumes that the delayed revenues were received in FY 2019-20. 2 The IFO official estimate refers to CNIT, $1,335 million in PIT, $160 million in SUT and $68 million in Other Tax. To facilitate an accurate comparison, this analysis assumes that the delayed revenues were received in FY 2019-20. 1 FY 2015-16 comparison adjusts for Hits: 5 |
Revenue-Estimate-Performance-2020-09.pdf335 million in PIT, $160 million in SUT and $68 million in Other Tax. To facilitate an accurate comparison, this analysis assumes that the delayed revenues were received in FY 2019-20. Revenue Estimate Performance | Page 4 the reduction in the 335 million in PIT, $160 million in SUT and $68 million in Other Tax. To facilitate an accurate comparison, this analysis assumes that the delayed revenues were received in FY 2019-20. 1 FY 2015-16 comparison adjusts for $51 million Hits: 5 |
QRR_2014Q2.pdfQuarterly Revenue Review Fiscal Year 2013-14 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and 2014 Page 3 Motor License Fund Overview Legislation enacted in December 2013 (Act 89) impacts the reporting and comparison of actual Liquid Fuels Taxes and certain fee revenue. The estimates reflected in Table 2 were not adjusted to account for these Hits: 5 |
NGPR_2021_Q4.pdffocus on horizontal wells, which comprise over 99% of total production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and 2021 Figure 3 - Annual Growth in Producing Well Counts by Quarter INDEPENDENT FISCAL OFFICE FOURTH QUARTER 2021 County and State Comparison Table 3 shows county-level production volume and producing wells in 2020 and 2021. Ranked in order of production, the Hits: 5 |
NGPR_2021_Q3.pdffocus on horizontal wells, which comprise over 99% of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and 2021 Figure 3 - Annual Growth in Producing Well Counts by Quarter INDEPENDENT FISCAL OFFICE THIRD QUARTER 2021 County and State Comparison Table 3 shows county-level production volume and producing wells through the third quarter of 2020 and 2021. Ranked in Hits: 5 |
NGPR_2021_Q2.pdffocus on horizontal wells, which comprise over 99% of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and 2021 Figure 3 - Annual Growth in Producing Well Counts by Quarter INDEPENDENT FISCAL OFFICE SECOND QUARTER 2021 County and State Comparison Table 3 shows county-level production volume and producing wells through the second quarter of 2020 and 2021. Ranked in Hits: 5 |
NGPR_2020_Q4.pdfon horizontal wells, which comprise over 99 percent of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and 2020 Figure 3 - Annual Growth in Producing Well Counts by Quarter INDEPENDENT FISCAL OFFICE FOURTH QUARTER 2020 County and State Comparison Table 3 shows calendar year county-level production volume and producing wells for 2019 and 2020. Ranked in order of Hits: 5 |
NGPR_2020_Q3.pdfon horizontal wells, which comprise over 99 percent of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and Q3 2016 2017 2018 2019 2020 Figure 3 - Producing Well Growth INDEPENDENT FISCAL OFFICE THIRD QUARTER 2020 County and State Comparison Table 3 shows county-level production volume and producing well counts through the third quarter for 2019 and 2020. Ranked Hits: 5 |
NGPR-2022-Q1.pdffocus on horizontal wells, which comprise over 99% of total production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and 2022 Figure 3 - Annual Growth in Producing Well Counts by Quarter INDEPENDENT FISCAL OFFICE FIRST QUARTER 2022 County and State Comparison Table 3 shows county-level production volume and producing wells for the first quarter of 2021 and 2022. Ranked in Hits: 5 |
NGPR-2021-Q1.pdffocus on horizontal wells, which comprise over 99% of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and 3 - Year-Over-Year Growth in Producing Well Counts by Quarter INDEPENDENT FISCAL OFFICE FIRST QUARTER 2021 County and State Comparison Table 3 shows county-level production volume and producing wells for first quarter of 2020 and 2021. Ranked in order Hits: 5 |
NGPR-2020-Q2.pdfon horizontal wells, which comprise over 99 percent of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and Q1 Q2 2017 2018 2019 2020 Figure 3 - Producing Well Growth INDEPENDENT FISCAL OFFICE SECOND QUARTER 2020 County and State Comparison Table 3 shows county-level production volume and producing well counts through the second quarter for 2019 and 2020. Ranked Hits: 5 |
NGPR-2020-Q1.pdfhorizontal wells, which account for over 99 percent of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and Q1 2016 2017 2018 2019 2020 Figure 3 - Producing Well Growth INDEPENDENT FISCAL OFFICE FIRST QUARTER 2020 County and State Comparison Table 3 shows county-level production volume and producing well counts for the first quarter of 2020 and 2019. Ranked Hits: 5 |
NGPR-2019Q1.pdf164 1,274 14.5% 9.5% Note: Horizontal wells only. Data shown pertain to the full calendar year. County Comparison Figure 5: First Quarter Production, by County Billion Cubic Feet 0 1 ‐ 9 10 ‐ 40 57 ‐ 91 215+ Independent Fiscal Office 7 First Quarter 2019 Table 6 provides a state comparison of gross natural gas production from all well types. Among the top-ten producing states, Louisiana and Ohio recorded the Hits: 5 |
NGPR-2018Q4.pdf172 1,286 14.7% 9.7% Note: Horizontal wells only. Data shown pertain to the full calendar year. County Comparison Figure 5: Calendar Year Production, by County 764+ 216 - 356 39 - 136 0 - 38 Billion Cubic Feet Independent Fiscal Office 7 Fourth Quarter 2018 Table 6 provides a state comparison of gross natural gas production from all well types. Among the top-ten producing states, Louisiana and Ohio recorded the Hits: 5 |
NGPR-2018Q3.pdf4% 9.6% Note: Horizontal wells only. Data shown pertain to the first three quarters of the calendar year. County Comparison Figure 5: Calendar Year Production, by County 553+ 159 - 265 30 - 101 0 - 28 Billion Cubic Feet Independent Fiscal Office 7 Third Quarter 2018 Table 6 provides a state comparison of gross natural gas production from all well types. Among the top-ten producing states, Louisiana and Ohio recorded the Hits: 5 |
NGPR-2018Q2.pdf5% 8.5% Note: Horizontal wells only. Data shown pertains to the first two quarters of the calendar year. County Comparison Figure 5: Calendar Year Production, by County 348+ 101 - 184 20 - 69 0 - 18 Billion Cubic Feet Independent Fiscal Office 7 Second Quarter Table 6 provides a state comparison of gross production from all well types. Among the top-ten producing states, Louisiana and Ohio recorded the largest year- Hits: 5 |
NGPR-2018Q1.pdf98.8 115.0 8.0% 16.3% 957 1,060 13.4% 10.8% Note: Horizontal wells only. County Comparison Table 5 shows county-level production volume and producing well counts for the calendar year. Four counties (Susquehanna, Washington, Bradford 97 11 - 21 0 - 10 Billion Cubic Feet Independent Fiscal Office 7 First Quarter 2018 Table 6 displays a state comparison of gross production from all well types. Among the top-ten producing states, Louisiana and Ohio recorded the largest year- Hits: 5 |
NGPR-2017Q4.pdf385.8 414.7 7.7% 7.5% 966 1,065 13.5% 10.2% Note: Horizontal wells only. County Comparison Figure 2: Calendar Year Production, by County 658+ 140 - 355 22 - 78 0 - 20 Billion Cubic Feet Independent Fiscal Office 7 Fourth Quarter 2017 Table 7 displays a state comparison of gross production from all well types. Among the top-ten producing states, Louisiana, Ohio and West Virginia recorded the Hits: 5 |
NGPR-2017Q3.pdf288.6 305.3 7.7% 5.8% 944 1,032 13.5% 9.3% Note: Horizontal wells only. County Comparison Figure 2: Calendar Year-to-Date Production, by County 495+ 102 - 268 20 - 61 0 - 17 Billion Cubic Feet Independent Fiscal Office 7 Third Quarter 2017 Table 7 displays a state comparison of gross production from all well types. Among the top-ten producing states, Louisiana, Ohio and West Virginia recorded the Hits: 5 |
NGPR-2017Q2.pdfOther 188.2 200.7 7.7% 6.6% 919 995 13.4% 8.3% Note: Horizontal wells only. County Comparison Figure 2: Calendar Year-to-Date Production, by County 333+ 65 - 177 10 - 42 0 - 9 Billion Cubic Feet Independent Fiscal Office 7 Second Quarter 2017 Table 7 displays a state comparison of gross production from all well types. Among the top-ten producing states, Ohio and West Virginia recorded the largest Hits: 5 |
NGPR-2017Q1.pdf5 98.8 7.6% 8.0% 858 957 13.3% 11.5% Note: Horizontal wells only. 2017 Metrics County Comparison Figure 2: Calendar Year-to-Date Production, by County Independent Fiscal Office 7 First Quarter 2017 Table 7 displays a state comparison of gross production from all well types. Among the top-ten producing states, Ohio and West Virginia recorded the largest Hits: 5 |
IFO_Hearing_Materials_Feb_22_2022.pdfProjections ...................................................................... 11 Impact Fee and Natural Gas Trends ......................................................................... 12 State and Local Tax Burden ..................................................................................... 13 Corporate Net Income Tax State Comparison ........................................................... 14 State Pension Outlook ............................................................................................. 15 Economic Development Incentives ........................................................................... 16 Minimum Wage by State ......................................................................................... 18 PBB – Agency Reviews ............................................................................................ 19 PBB - Tax same weight). Total Taxes excludes any severance tax or impact fee. Source: State and Local Tax Revenues: A 50 State Comparison , IFO (January 2022). State and Local Tax Burden: Average Tax Rate and Rank Corporate Income Personal Income Sales and Use Hits: 5 |
Five_Year_Outlook_2019.pdf1 displays cumulative growth rates for the state economy (nominal GDP), PIT, SUT and CNIT. For this first comparison, FY 1998-99 is used as the base year and cumulative growth is computed from that year through the latest actual (FY furniture, computers and travel. 9 Table 5.3 provides details on the cost-to-carry concept and a comparison to the current services concept at the bottom of the table. The difference between the current services and cost-to-carry forecasts Hits: 5 |
Economic_and_Revenue_Update_2021.pdfLabor Force Participation Rates ......................................................................... 10 Fiscal Year to Date Revenues ................................................................................. 11 General Fund Revenue Projections ......................................................................... 12 General Fund Financial Statement Comparison ........................................................ 13 General Fund Education Expenditures .................................................................... 14 School District Property Tax ................................................................................... 15 Impact Fee and Natural Gas Trends ....................................................................... 16 State and declined an estimated $31 billion or 4.3% between 2019 and 2020, while U.S. GDP declined 3.5% (est.). comparison, the Pennsylvania rate was 4.2% for 2018 and 0.5% for 2019. 1.Real GDP and Wage growth for Hits: 5 |
CNIT-Rate-Cut-2018-04.pdfrevenues, as well as attributes of the state economy. It is important to note several caveats regarding the two state comparison metrics. First, the relative level of corporate profits will vary across state economies simply due to different levels of pass- burden of the state CNIT, and most corporate shareholders likely reside out-of-state. For these reasons, the two simple comparison metrics provide only general guidance regarding the relative size and tax burden of CNIT revenues. A state may have a Hits: 5 |
Budget_Hearing_Background_Feb2016.pdf1, 2015) Pennsylvania Gaming Trends (February 2015) Impact Fee Update (February 2015) State and Local Taxes: A Comparison Across States (March 2015) Analysis of Revenue Proposals in the Executive Budget (April 2015) Preliminary Revenue Estimate (May Q3. Source: U.S. Bureau of Economic Analysis and U.S. Bureau of Labor Statistics. (7) State Economic Growth Rate Comparison Revenue Performance Through January Through January, CNIT estimated payments running weak; CNIT finals and PIT quarterlies running strong. Based on Hits: 5 |
Budget Hearings Packet.pdffiscal outlook and energy industry trends. The office has compiled some of the most frequently requested data, including select interstate comparisons, and enclosed it for the information of committee members. We trust this background data will be helpful as you consider 2016 Q4. Source: U.S. Bureau of Economic Analysis and U.S. Bureau of Labor Statistics. State Economic Growth Rate Comparison Real Gross Domestic Product (9) From 2015-25, the working age population (20-64) will contract by 181,000 residents Hits: 5 |
Budget Hearings Packet- Web Version.pdffiscal outlook and energy industry trends. The office has compiled some of the most frequently requested data, including select interstate comparisons, and enclosed it for the information of committee members. We trust this background data will be helpful as you consider 2016 Q4. Source: U.S. Bureau of Economic Analysis and U.S. Bureau of Labor Statistics. State Economic Growth Rate Comparison Real Gross Domestic Product (9) From 2015-25, the working age population (20-64) will contract by 181,000 residents Hits: 5 |
TC_2021_Entertainment_Economic_Enhancement_Program.pdf3 Section 2: EEEP Tax Credit Overview ....................................................................................... 5 Goals and Purpose .......................................................................................................................... 6 Administration ................................................................................................................................. 7 Historical Data ................................................................................................................................ 8 Section 3: State Comparison .................................................................................................. 11 Literature Review .......................................................................................................................... 12 Section 4: Economic Analysis ................................................................................................. 13 Entertainment Economic Enhancement Program Cost Profile ............................................................ 13 Economic Impact........................................................................................................................... 14 Section and credit is issued. Section 2: EEEP Tax Credit Overview | Page 10 - This page intentionally left blank. - Section 3: State Comparison | Page 11 Section 3: State Comparison This section provides an overview of other state tax credit programs that are similar Hits: 4 |
Single-Use Plastics Report-2020_06.pdfregion (area within a 300 mile radius of Pittsburgh) to the Gulf Coast region (Texas and Louisiana). The comparison (see Table 5.2) found that the Appalachia region accounts for 30 percent of national revenues, 31 percent 67 IHS Markit estimates their retail 70 Up until this point, the analysis assumes a perfectly competitive environment to facilitate a clear comparison amongst the three scenarios. Under that assumption, retailers pass all costs or savings forward to final consumers. However, for the purpose of Hits: 4 |
RB-2017-5.pdfgrowth rates (e.g., average sales tax growth / average GDP growth) to compute a responsiveness parameter that facilitates a simple comparison of responsiveness to economic conditions across all states that levy one of the three taxes. Two general caveats that pertain to the analysis are noted. First, the comparisons cannot control for certain state-specific attributes or demographic characteristics. For example, states with significant tourism (e.g., Hawaii) or Hits: 4 |
RB 2019 RACP.pdfimpact to local units. An analysis of the potential fiscal impact from the proposed debt limit reduction. A comparison to similar programs and total debt levels in other states. Program Overview RACP is a grant program administered by the higher average awards ($2.8 million), but only awarded 217 grants over a four- year term ($153 million annually). State Comparisons The IFO reviewed other states to compare debt levels (gross and per capita debt) and to identify programs that are Hits: 4 |
QRR_2015Q2.pdfQuarterly Revenue Review Fiscal Year 2014-15 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and below estimate. Fiscal year receipts of $98 million were $47 million above estimate. Table 2 Motor License Fund - Comparison of Estimates and Reported Collections ($ millions) Second Quarter - 2015 Fiscal Year-to-Date Actual Estimate Difference Actual Estimate Difference Total Motor License Hits: 4 |
QRR_2015Q1.pdfQuarterly Revenue Review Fiscal Year 2014-15 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and For the fiscal year, receipts of $84 million were $48 million above estimate. Table 2 Motor License Fund - Comparison of Estimates and Reported Collections ($ millions) First Quarter - 2015 Fiscal Year-to-Date Actual Estimate Difference Actual Estimate Difference Total Motor License Hits: 4 |
QRR_2014Q4.pdfQuarterly Revenue Review Fiscal Year 2014-15 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and For the fiscal year, receipts of $13 million were $3 million below estimate. Table 2 Motor License Fund - Comparison of Estimates and Reported Collections ($ millions) Fourth Quarter - 2014 Fiscal Year-to-Date Actual Estimate Difference Actual Estimate Difference Total Motor License Hits: 4 |
QRR_2013Q4.pdfQuarterly Revenue Review Fiscal Year 2013-14 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context and analysis regarding any variances between For the fiscal year, receipts of $117 million were $17 million below estimate. Table 2 Motor License Fund - Comparison of Estimates and Reported Collections ($ millions) Fourth Quarter - 2013 Fiscal Year-to-Date Actual Estimate Difference Actual Estimate Difference Total Motor License Hits: 4 |
QRR_2013Q3.pdfQuarterly Revenue Review Fiscal Year 2013-14 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context and analysis regarding any variances between quarter of 2013 were $14 million below estimate. Table 2 provides additional detail. Table 2 Motor License Fund - Comparison of Projections and Reported Collections ($ millions) 2013 - Third Quarter Fiscal Year-to-Date Actual Estimate Difference Actual Estimate Difference Total Motor License Hits: 4 |
Presentation-2018-10-Performance-Based-Budget-Board.pdf Banking & Securities 5 activities focusing on depository institutions, non-depository institutions, securities, education and outreach October 15, 2018 Comparison with Traditional Budget Process Performance-Based Budget Plan The building blocks of the agency’s budget are the agency actual years, the current year (2018-19), the budget year (2019- 20), plus four planning years. 8 October 15, 2018 Comparison with Traditional Budget Process Performance-Based Budget Plan Total funding associated with agency activities for completed fiscal years match Hits: 4 |
PBB_2022_DLI_REPORT.pdfvarious forms: inputs (funding levels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (effectiveness), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the FY 2019- 20. Pennsylvania ranks higher than the U.S. average for adult and dislocated workers but lower than most comparison states. RESEA employment is higher than most states, although lower than Illinois and New Jersey. Emp. Rate $ Change Emp. Rate Hits: 4 |
PBB_2022_DHS_REPORT_ADDENDUM.pdfvarious forms: inputs (funding levels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (effectiveness), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the settings 2 -- -- -- -- 668 1,048 ED visits per 1,000 member months -- -- 32.5 70.1 77.6 -- Average Cost Comparison (State Funds, $000s) Per CHC NFI participant 3 -- -- $0.5 $0.5 $0.7 -- Per CHC HCBS/NF participant 4 Hits: 4 |
PBB_2021_DHS_REPORT_ADDENDUM.pdfvarious forms: inputs (funding levels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (effectiveness), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the general civil or long-term care services, with per diems in FY 2018-19 that averaged over $1,000. By comparison, civil and long-term care per diems were $868 and $570, respectively. The two state hospitals that provide these services Hits: 4 |
PBB_2020_DOH_REPORT_Final_Update.pdflevels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (e.g., recidivism), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the work performed questions to agencies regard- ing their operations. The plans cannot identify optimum funding levels or provide a direct comparison of relative effectiveness across most programs. Note on data: Unless otherwise noted, performance metrics used in this report were supplied by the Hits: 4 |
Official-Revenue-Estimate-2018-06.pdfNote: Dates correspond to the month and year the economic forecasts were made. Table 1.2 Economic Forecast Comparison Annual Growth Rate or Change Economic Outlook | Page 3 Consumer Price Index For 2017, the Philadelphia CPI-U exhibited moderate growth (1 to 2019. AAGR 2 Economic Outlook | Page 6 Income and Tax Revenue Growth Table 1.6 provides a comparison of annual growth rates for (1) Cash Income and its two components, (2) personal income tax (PIT) revenues and (3) sales and Hits: 4 |
Initial-Revenue-Estimate-2018-05.pdfNote: Dates correspond to the month and year the economic forecasts were made. Table 1.2 Economic Forecast Comparison Annual Growth Rate or Change Economic Outlook | Page 3 Consumer Price Index For 2017, the Philadelphia CPI-U exhibited moderate growth (1 to 2019. AAGR 2 Economic Outlook | Page 6 Income and Tax Revenue Growth Table 1.6 provides a comparison of annual growth rates for (1) Cash Income and its two components, (2) personal income tax (PIT) revenues and (3) sales and Hits: 4 |
Budget_Hearing_Background-Feb2014.pdfBill 76 and Senate Bill 76 • Analysis of School Property Taxes Paid by Homeowners Age 70 and Older • 2013 Tax Comparison Study • The Pennsylvania Lottery: Historical Data and Interstate Comparisons All reports published by the office are available on its website at www.ifo.state.pa.us. 3 Independent Fiscal Hits: 4 |
RB-2015-02-annual_vs_lifetime_ETR.pdfIndependent Fiscal Office February 2015 Effective Tax Rate Comparisons – Severance Taxes An effective tax rate is useful when comparing state severance taxes because it incorporates not only the statutory year. Although the annual rate can be tracked over time for a state, the measure is less meaningful for interstate comparisons because it does not hold the volume or composition of production constant across states. The lifetime tax rate compares the Hits: 3 |
PSBA-Property-Tax-Update-March-2020.pdfclothing: ~+920 million Other: basic cable services, non-prescription drugs, amusements March 13, 2020 4 Revenue Growth and Volatility Comparison March 13, 2020 5 -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% unweighted average across all states (all states have same weight). Excludes any severance tax. Source: State and Local Taxes: A Comparison Across States, IFO (January 2020). State and Local Tax Burden Rankings March 13, 2020 7 NY NJ MD OH PA Hits: 3 |
Presentation-2019-3-1-EPLC.pdfFigures for U.S. represent a weighted average across all states. Excludes any severance tax. Source: State and LocalTaxes: A Comparison Across States, IFO (December 2018). Tax Burden Rankings March 1, 2019 17 NY NJ MD OH PA VA Income 1 state-local tax revenue to modified state personal income. Total Taxes excludes severance taxes. Source: State and Local Taxes: A Comparison Across States, IFO (December2018). School District Revenues: FY 2016-17 March 1, 2019 18 Source Amount Percent Property Tax $13 Hits: 3 |
PBB_2022_PHMC_REPORT.pdfvarious forms: inputs (funding levels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (effectiveness), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the docu- ments remained relatively un- changed. The recommended measure to track agency rec- ords received in digital format enables a comparison of the trends in statewide agency re- liance on paper versus elec- tronic records. Historic Sites and Museums | Page 9 Hits: 3 |
PBB_2022_PDE_REPORT_Amended.pdfvarious forms: inputs (funding levels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (effectiveness), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the assessment of 4 th and 8 th grade students administered by the National Center for Education Statistics (NCES). It allows comparisons of student progress and performance over time and across states. Reading and math are the only subjects for which representative Hits: 3 |
PBB_2022_AGING_REPORT_Addendum.pdfvarious forms: inputs (funding levels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (effectiveness), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the 732 Massachusetts 65+ or disabled Yes - 500% 64,400 87,100 New York 65+ No 75,000 100,000 State Comparison of State Subsidy Programs Sources: Various state websites. Notes: FPL stands for federal poverty level. For states where income eligibility Hits: 3 |
PBB_2021_PSP_REPORT_ADDENDUM.pdfvarious forms: inputs (funding levels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (effectiveness), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the graphic highlights increased P25 coverage in areas that were previously coverage gaps for the OpenSky system. P25 and OpenSky Coverage Comparison OpenSky Mobile Coverage P25 Mobile Coverage Notes: In addition to Troop T (Turnpike), Troops C and F are excluded from Hits: 3 |
PBB_2020_DHS_REPORT_Final_Updated.pdflevels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (e.g., recidivism), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the work performed questions to agencies regard- ing their operations. The plans cannot identify optimum funding levels or provide a direct comparison of relative effectiveness across most programs. Note on data: Unless otherwise noted, performance metrics used in this report were supplied by the Hits: 3 |
PBB_2020_DCED_REPORT.pdflevels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (e.g., recidivism), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the work performed questions to agencies regard- ing their operations. The plans cannot identify optimum funding levels or provide a direct comparison of relative effectiveness across most programs. Note on data: Unless otherwise noted, performance metrics used in this report were supplied by the Hits: 3 |
PBB_2019_Criminal_Justice_Report.pdfformulate questions to agencies regarding their operations. The plans cannot identify optimum funding levels or provide a direct comparison of relative effectiveness across programs. For that purpose, more detailed methods would be required. 3 Note on data: Most performance metrics used healthcare in their annual operating budgets. Therefore, policymakers should focus on trends and growth rates when making state comparisons. FY 2006 FY 2011 FY 2016 AAGR 2 2006-11 AAGR 2 2011-16 New Jersey 316 269 220 -3.1% -3 Hits: 3 |
IFO testimony CR Hearing Jan 29 2020.pdfbe used to shift profits to low or no tax states. Use by Other States The attached table provides a comparison of (1) state corporate net income tax (CNIT) rates and (2) the applicable filing method used by states with a CNIT. Highlights of the comparison include: Forty-four states currently levy a CNIT, with the highest statutory rate (12.00 percent) levied by Iowa Hits: 3 |
HAC testimony Feb 2019.pdfFor future years, this same foundation will be used, but the reports will include more outcome-based metrics and benchmark comparisons. The construction and vetting of those types of measures require significant lead time and numerous interactions with agency staff in The three tax credit reviews included the New Jobs, Historic Preservation and Film Production Tax Credits. The reviews included interstate comparisons and the computation of relevant economic metrics, such as net jobs created and return on investment. When possible, the IFO Hits: 3 |
Five_Year_Outlook_2021.pdfGreat Recession, when wages contracted by -2.3% in CY 2009 and rebounded by 2.1% in CY 2010. By comparision, wages contracted by -0.3% in CY 2020 and are projected to expand by 8.1% in CY 2021. Unspent expenditures, the index for durable goods consumption in- creased 7.3% in September on a year-over-year basis. By comparison, the overall index for all personal consumption expenditures (including services) increased by 4.4% from the prior year. At the Hits: 3 |
Five_Year_Outlook_2020.pdfrate of economic recovery after COVID-related temporary business closures in the spring of 2020. Table 4.2 contains a comparison of year-over-year growth rates for the first and last six months of CY 2020. Delayed tax due dates signifi- cant amounts of revenue to the second half of the calendar year ($1.9 billion). For purposes of this comparison, growth rates are adjusted to reverse the shift, as well as to exclude the impact of one- time transfers or Hits: 3 |
EPLC_3_4_2022_update.pdfall states (all states have same weight). Excludes any severance tax. Source: State and Local Tax Revenues: A 50 State Comparison (January 2022). State and Local Tax Burden Rankings March 4, 2022 24 NY NJ MD OH PA VA Personal Income revenue to modified state personal income. Total Taxes excludes severance taxes. Source: State and Local Tax Revenues: A 50 State Comparison (January 2022). Growth Rate of School Property Taxes March 4, 2022 25 0.0% 1.0% 2.0% 3.0% Hits: 3 |
EPLC-2-19-21.pdfall states (all states have same weight). Excludes any severance tax. Source: State and Local Tax Revenues: A 50 State Comparison (November 2020). State and Local Tax Burden Rankings February 19, 2021 23 NY NJ MD OH PA VA Personal Income revenue to modified state personal income. Total Taxes excludes severance taxes. Source: State and Local Tax Revenues: A 50 State Comparison (November 2020). Growth Rate of School Property Taxes February 19, 2021 24 -2.0% -1.0% 0.0% 1.0% Hits: 3 |
EPLC Feb 2020 FINAL.pdfunweighted average across all states (all states have same weight). Excludes any severance tax. Source: State and Local Taxes: A Comparison Across States, IFO (January 2020). State and Local Tax Burden Rankings February 28, 2020 15 NY NJ MD OH PA state-local tax revenue to modified state personal income. Total Taxes excludes severance taxes. Source: State and Local Taxes: A Comparison Across States, IFO (January 2020). Growth Rate of School Property Tax to Increase February 28, 2020 16 0.0% 1 Hits: 3 |
Demographics_Outlook_2020.pdfDependency Ratios ....................................................................................................................... 6 Components of Population Change ........................................................................................... 7 Birth Trends ................................................................................................................................. 8 Decedent Trends .......................................................................................................................... 9 Domestic Migration Trends .......................................................................................................... 10 Comparison of Components of Change in Border States ................................................................. 11 Regional and National Population Trends ............................................................................... 13 Pennsylvania County Population Growth Over Time ....................................................................... 13 Regional 3 Deaths as a Share of Population by Age Group and Year Components of Population Change | Page 11 Comparison of Components of Change in Border States From 2010 to 2019, the data from Table 3.5 show that Pennsylvania’s cumulative Hits: 3 |
2013 Appropriation Hearings Background Information.pdf5,854 -3.8% * 1.5% growth rate for “all other” if the capital stock and franchise tax is excluded. Comparison of Actual Collections to Estimate ($ millions) Fiscal Year-to-Date Through December Revenue Source Actual Estimate Difference Total General Fund expected to be steady, but modest. At projected rates, the pre-recession peak could be reached in 2014. PA Employment – Comparison to Pre-Recession Peak April 2008 peak = 5,825,000. February 2010 trough = 5,569,900. December 2012 = 5,751 Hits: 3 |
2007_divestment_complete_report.pdfFY 2006/2007: Illustration of Impact of Reduction of PSERS’ Investment Earnings Assumption – Table V . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 S&P 500 Index Comparison with the S&P South Africa Free Index – Table VI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 State Employees’ Retirement System, Financial Impact of Divesting from if all companies with business ties to any “state sponsor of terror” nation, not just Iran, were excluded. By - 36 - comparison, the tracking error on a typical index is between five and ten basis points (.05% to 0.1%). EFFECT OF Hits: 3 |
2000_cost_of_living_adjustments.pdfpostretirement adjustments by the State Employees’ Retirement System (SERS) and the Public School Employees’ Retirement System (PSERS). - 9 - CHART I COMPARISON OF HYPOTHETICAL AMORTIZATION PAYMENT SCHEDULES AND COLA PAYMENTS * Immaterial COLA payments continue beyond 45 years. Within the amortization period, the purposes of adopting a short amortization period — higher contributions in the years immediately following implementation of the postretirement adjustment. In comparison to a level percentage amortization schedule, a level dollar amortization schedule provides higher amortization contributions in the early years of Hits: 3 |
TC_2022_Coal_Refuse_Energy_Reclamation.pdfoffers a tax credit or grant program comparable to the CRER Tax Credit, this section does not include an interstate comparison. Abandoned Mine Land Reclamation Program The 1977 SMCRA created the Abandoned Mine Land (AML) Reclamation Program to fund reclamation projects 7 100.0 75.7 100.0 151.3 100.0 Note: Dollar amounts in millions. Table 4.1 State Comparison of AML Grant Allocations (Federal Fiscal Year 2021) 1 Includes funds from U.S. Treasury to certified states and Minimum Hits: 2 |
TC_2021_Resource_Enhancement_and_Protection.pdftype from gross sales to gross cash farm income. This report uses the former convention for 2017 for a consistent comparison to prior years. 2007 2012 2017 AAGR 2007-12 AAGR 2012-17 Very Small $74 $71 $65 -0.9% -1 the most pollutants, were found to cost $48.03 per kilogram ($105.91 per pound) of sediment pollution reduced. By comparison, optimization plans that allowed for more flexibility of BMPs selected achieved the same pollutant reduction at a cost of $42 Hits: 2 |
SR2014-03-presentation.pdfADM. • $881 per ADM. Statewide: • 11.1 administrators per 1,000 ADM. • $958 per ADM. 16.Dec.2014 6 Administrative Comparison 16.Dec.2014 7 PA Administrators and Spending by Size of School District Administrative Comparison 8 9 10 11 12 13 14 15 16 17 $800 $900 $1,000 $1,100 $1,200 $1,300 Hits: 2 |
Senate Appropriations Response Letter 3-6-2020.pdfFederal Reserve Bank of New York Consumer Credit Panel / Equifax as of March 2020. Table 3A: Mortgage Debt Characteristics in Comparison States Balance per Capita Note: Dollars in thousands.AAGR is average annual growth rate.Data in tables represent amounts during 2 US 3.7 4.9 5.4 3.5 4.9 7.0 Table 3B: Auto Debt Characteristics in Comparison States Balance per Capita Balance 90+ Days Delinquent Note: Dollars in thousands. AAGR is average annual growth rate. Data in Hits: 2 |
Revenue_Estimate_Performance_Dec_2017.pdfin June are adjusted for any statutory changes made to the tax or fiscal codes. FY 2015-16 comparison adjusts for $51 million in transfers to General Fund approved in December 2015. Grand Total Non-Tax IFO General Fund Revenue Estimate in June are adjusted for any statutory changes made to the tax or fiscal codes. FY 2015-16 comparison adjusts for $51 million in transfers to General Fund approved in December 2015. Grand Total Tax Sources IFO General Fund Revenue Estimate Hits: 2 |
Revenue-Estimate-Performance-2019-07.pdfdollar millons. Forecasts made in June are adjusted for any statutory changes that impact revenues. FY 2015-16 comparison adjusts for $51 million in transfers to the General Fund approved in December 2015. General Fund Revenue Estimates: Actual Revenues Less Estimates made in Juneare adjusted for any statutory changes made to the tax or fiscal codes. FY 2015-16 comparison adjusts for $51 million in transfers to the General Fund approved in December 2015. Author: Independent Fiscal Office CreationDate: 2019-07-26 Hits: 2 |
Revenue-Estimate-Performance-2018-07.pdfuse tax. Forecasts made in June are adjusted for any statutory changes that impact revenues. FY 2015-16 comparison adjusts for $51 million in transfers to the General Fund approved in December 2015. General Fund Revenue Estimates: Actual Revenues Less Estimates in June are adjusted for any statutory changes made to the tax or fiscal codes. FY 2015-16 comparison adjusts for $51 million in transfers to the General Fund approved in December 2015. Author: Matthew Knittel Company: Microsoft CreationDate: 2018-07- Hits: 2 |
Revenue-Estimate-2019-05.pdf1 Combined, the two revenue sources had an average growth rate of 3.2 percent per annum. By comparison, wages-salaries paid to Pennsylvania residents grew at an average rate of 3.3 percent per annum. For fiscal year (FY) 2019- 839,411 258.1 AAGR 3.2% 3.8% 3.3% 3.6% 1.3% Table A.4 Comparison of Tax Revenue to Other State Variables Note: figures in dollar millions. AAGR is the average annual growth rate from FY 2010- Hits: 2 |
RB_2021_01_Economic_Impact_of_Federal_Stimulus.pdfPortion $1,400 $3,000/$3,600 Advanceable Portion 0% 50% Maximum Child Age 16 17 Child Tax Credit Provision Comparisons Independent Fiscal Office Page 5 of the original tax credit apply to filers at higher income levels; therefore, single filers summer 11 Uses non-seasonally adjusted data. March 2020 was impacted by COVID-19 and is not used for this comparison. 12 This simple example excludes any federal income tax and assumes the local income tax rate is 1.0%. 13 Hits: 2 |
QRR_2016Q1.pdfrevenue estimates is available at www.ifo.state.pa.us. The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and paid prizes and commissions. Quarterly Revenue Review January to March 2016 Page 5 Table 5 General Fund Detail Comparison of Estimates and Reported Collections ($ millions) First Quarter - 2016 Fiscal Year-to-Date Actual Estimate Variance Actual Estimate Variance Total General Fund Hits: 2 |
QRR_2015Q4.pdfrevenue estimates is available at www.ifo.state.pa.us. The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and paid prizes and commissions. Quarterly Revenue Review October to December 2015 Page 5 Table 5 General Fund Detail Comparison of Estimates and Reported Collections ($ millions) Fourth Quarter - 2015 Fiscal Year-to-Date Actual Estimate Variance Actual Estimate Variance Total General Fund Hits: 2 |
QRR_2015Q3_preliminary.pdfIFO General Fund Revenue Estimate Comparison to Actual Revenues October 1, 2015 The Independent Fiscal Office recently published quarterly estimates for fiscal year (FY) 2015-16 General Fund, Motor License Fund and Lottery Fund revenues. The office provides a detailed comparison of actual versus estimated revenues in the Quarterly Revenue Review, which is published after the end of each quarter. This Hits: 2 |
QRR_2015Q3.pdfrevenue estimates are available at www.ifo.state.pa.us. The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and paid prizes and commissions. Quarterly Revenue Review July to September 2015 Page 5 Table 5 General Fund Detail Comparison of Estimates and Reported Collections ($ millions) Third Quarter - 2015 Fiscal Year-to-Date Actual Estimate Variance Actual Estimate Variance Total General Fund Hits: 2 |
Public Employee Retirement Laws of PA Local Governments (2009).pdfpresented in a manner that is readily understandable by members of the governing body. The cost estimate must include a comparison of annual financial requirements of the retirement plan before and after the proposed benefit modification and disclose the change attributable modification. In the case of a defined benefit pension plan using actuarial funding, the cost estimate must also include a comparison of the actuarial status of the pension plan before and after the proposed benefit modification and show the change in Hits: 2 |
Presentation-2018-06-PICPA.pdfTransfer growth rate controls for the new HARE transfer. Dollar amounts in millions. June.12.2018 15 Average Growth Rate Comparison 2013-18 Avg Rate Nominal PA GDP 3.5% Total PA Wages-Salaries 3.4% Weighted PA CPI-U 1 in millions. PIT is personal income tax. Initial Revenue Estimate FY 18-19 June.12.2018 18 General Fund Revenue Comparison 2017-18 2018-19 IFO (May 2018) $34,501 $33,943 Growth Rate 8.9% -1.6% Executive Budget (Feb Hits: 2 |
PICPA_Presentation.pdftaxes. Source: U.S. Census Bureau and Internal Revenue Service. Computations by the IFO. See “State and Local Taxes: A Comparison Across States,” May 2017. Tax Burden Ratios: PA vs. U.S. Average June 7, 2017 24 Ratio: State-Local Taxes taxes. Source: U.S. Census Bureau and Internal Revenue Service. Computations by the IFO. See “State and Local Taxes: A Comparison Across States,” May 2017. Presentation to be Posted at IFO website www.ifo.state.pa.us Questions/Discussion Company: Microsoft Hits: 2 |
PBB_2020_PEMA_REPORT.pdflevels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (e.g., recidivism), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the work performed questions to agencies regard- ing their operations. The plans cannot identify optimum funding levels or provide a direct comparison of relative effectiveness across most programs. Note on data: Unless otherwise noted, performance metrics used in this report were supplied by the Hits: 2 |
PBB_2020_DOS_REPORT.pdflevels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (e.g., recidivism), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the work performed questions to agencies regard- ing their operations. The plans cannot identify optimum funding levels or provide a direct comparison of relative effectiveness across most programs. Note on data: Unless otherwise noted, performance metrics used in this report were supplied by the Hits: 2 |
PBB_2019_JCJC_Report.pdfformulate questions to agencies regarding their operations. The plans cannot identify optimum funding levels or provide a direct comparison of relative effectiveness across programs. For that purpose, more detailed methods would be required. 3 Note on data: Most performance metrics used and financial data for third class counties (counties with populations ranging from 210,000 to 499,999). Selected comparison points include total delinquency placements, place- ments as a percent of dispositions, juvenile disposition rate, as well as the juvenile probation services Hits: 2 |
Official-Revenue-Estimate-2019-06.pdf1 Combined, the two revenue sources had an average growth rate of 3.2 percent per annum. By comparison, wages-salaries paid to Pennsylvania residents grew at an average rate of 3.4 percent per annum. For fiscal year (FY) 2019- 839,411 258.1 AAGR 3.2% 3.8% 3.3% 3.6% 1.3% Table A.4 Comparison of Tax Revenue to Other State Variables Note: figures in dollar millions. AAGR is the average annual growth rate from FY 2010- Hits: 2 |
NGPR-2016Q4.pdfup in the number of new wells spud (shown in Figure 2) during the same period. Table 10: State Production Comparison (bcf) Rank State 2012 2013 2014 2015 2016 2016 Growth 1 Texas 8,143.5 8,299.5 8,659 IFO. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. Table 10 displays a state comparison of natural gas gross production from all well types. For 2016, Pennsylvania and Ohio recorded the largest year-over-year Hits: 2 |
NGPR-2016Q3.pdfTable 8), while spud but not completed wells increased by 12.3 percent (see Table 9). Table 10: State Production Comparison (bcf) Rank State 2012 2013 2014 2015 2016 2016 Growth 1 Texas 8,143.5 8,299.5 8,659 year. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. Table 10 displays a state comparison of gross production from all well types through August 2016. Pennsylvania and Ohio recorded the largest year-over-year gains Hits: 2 |
NGPR-2016Q2.pdfof spud but not completed wells has declined by 18.0 percent from the prior year. Table 10: State Production Comparison (bcf) Rank State 2012 2013 2014 2015 2016 2016 Growth 1 Texas 8,143.5 8,299.5 8,663 year. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. Table 10 displays a state comparison of gross production from all well types through May 2016. Pennsylvania and Ohio recorded the largest year-over-year gains Hits: 2 |
NGPR-2016Q1.pdffirst quarter of 2016 represents year-over- year and quarterly declines for these categories of wells. Table 11: State Production Comparison (bcf) Rank State 2012 2013 2014 2015 2016 2016 Growth 1 Texas 8,143.5 8,299.5 8,663 all other years are for the full calendar year. Source: U.S. Energy Information Administration. Table 11 displays a state comparison of gross production from all well types. Pennsylvania and Ohio recorded the largest year-over-year gains (14.4 and Hits: 2 |
MSC_March_31_2021.pdfsame weight). Total Taxes excludes any severance tax or impact fee. Source: State and Local Tax Revenues: A 50 State Comparison, IFO (November 2020). State and Local Tax Burden: Rates and Ranks March 31, 2021 12 Rank ATR Rank ATR Rank same weight). Total Taxes excludes any severance tax or impact fee. Source: State and Local Tax Revenues: A 50 State Comparison, IFO (November 2020). Property Liquor, Tobacco, Game Total Taxes Minimum Wage Impact: 2019 vs 2022 March 31, 2021 13 Number Hits: 2 |
MQRE_FY22_23_August.pdf24, 2022. The adjustments are summarized in Table 1 and additional detail can be found in the next section. A comparison of the IFO’s revenue estimate to the official estimate certified by the administration (Table 5) is included on the 20 -4 Escheats 258 278 -20 Other Miscellaneous 84 80 4 Fines, Penalties & Interest 63 62 1 Table 5 Estimate Comparison Note: Figures in dollar millions. Due to rounding, detail may not sum to total. The "certified" estimate is the administration Hits: 2 |
Monthly_Economic_Update_February_2022.pdfgovernment workers and self-employed individuals and are not seasonally adjusted. Although the data are not seasonally adjusted, the YOY comparison should control for the impact of normal seasonal factors. To adjust for inflation, the nominal data are deflated by the growth was 6.6%. After adjusting for inflation, real hourly earnings for all private workers contracted by 1.2%. (By comparison, real U.S. hourly earnings contracted by 2.4% using seasonally adjusted data.) The sector data show strong real hourly Hits: 2 |
MER-2014-08.pdfgross domestic product include in‐ vestment (17 percent), government purchases (20 percent) and net exports (‐4 percent). To facilitate a comparison between Pennsylvania and U.S. trends, per capita PCE data are used. This ren‐ ders a more meaningful comparison because changes in population are accounted for by using the per cap‐ ita Ðigures. In general, Pennsylvania and the U Hits: 2 |
Labor_Market_Update_June_2021.pdfjobs is nearly identical for the latest three months of data at roughly 440,000 fewer payroll jobs. (Note: This comparison uses non- seasonally adjusted data and assumes a no-pandemic scenario for CY 2020. It reflects seasonal hiring that would the spring due to seasonal hiring in certain sectors such as construction and leisure -hospitality. If the year-over-year comparison accounts for this normal seasonal hiring, then the latest data reveal minimal or no gains for some sectors, and contraction Hits: 2 |
Labor_Market_Update_Aug_2021.pdfin payroll jobs is -362,500, compared to roughly -410,000 for the two prior months. (See table below. This comparison uses non-seasonally adjusted data (i.e., actual amounts) and assumes a no-pandemic scenario for CY 2020. It reflects seasonally adjusted employment levels for June and July 2021 to the same months from 2019. This allows for the cleanest comparison across states and does not require that any type of adjustment be applied to the raw data. For July, Pennsylvania Hits: 2 |
IFO_Revenue_Estimate_2013-14_Mid-Year_Update.pdfthe fiscal year, the Independent Fiscal Office (IFO) forecasted FY 2013-14 General Fund revenues of $29.154 billion. For comparison, the revenue estimate certified by the Governor and published by the Department of Revenue was $29.116 billion, a difference The revision to the IFO estimate reduces FY 2013- 14 revenue expectations by $150 million, to $29.005 billion. For comparison, this is about $112 million below the estimate certified by the Governor at the beginning of the fiscal year. The Hits: 2 |
IFO Five-Year Outlook.pdfoutput & outcome. The Economic and Budget Outlook Slide 4 15.Nov.2012 Some Conventions Select a base year for comparison purposes. Report uses FY 2012-13. Assume base year policy is maintained all future years. Provide same million reduction from phase-out of CSFT. Specific discussion of the three largest revenue sources (PIT, SUT & CNIT). Comparison of current growth rates to predicted growth rates. The Economic and Budget Outlook Slide 36 15.Nov.2012 Revenues FY Hits: 2 |
FTA_Presentation_Oct_24_2022.pdfhearing | Administrating agency included ▪ Reports available on the IFO website Key Points ▪ Goals and purposes must be established ▪ Include a comparison of similar programs in other states ▪ Make program improvement recommendations ▪ Calculate a return on investment (ROI), if applicable October 24 57% Pass-throughs 37% Banks 3% Corp 3% REAP Awards by Entity Type (2019) Source: Pennsylvania State Conservation Commission. State Comparison Chesapeake Bay Program ▪ Pennsylvania and five other states (plus D.C.) are part of the Chesapeake Bay Watershed Agreement ▪ Sets Hits: 2 |
Five_Year_Outlook_2016_IFO_PPT.pdfor Period 13,041 13,506 13,935 13,935 Note: thousands of residents. 11/15/2016 12 Regional Population Comparison Levels (000s) and Growth Shares and Median Age 2010 2015 AAGR < 20 65+ Median Delaware 900 946 1.0% 24 601 -2,749 -2,980 Note: figures in dollar millions. 11/15/2016 35 General Fund Balance Sheet Balance Sheet Comparison 15-16 16-17 17-18 18-19 19-20 20-21 Net Revenue & Lapses $276 $806 $303 $331 $308 Hits: 2 |
Economic_and_Revenue_Update_2020_10.pdfof uncertainty. Overall, the IFO assumes foregone labor income of $25.5 billion for CY 2020. 1 By comparison, the unemployment compensation and economic impact payments inject $42.3 billion into the state economy, which more than offsets lost labor income teleworking and reduced production capacity due to the elimination of numerous small businesses. Table 1.5 contains a comparison of year-over-year revenue growth rates for the four-month mitigation period (March to June) and the four-month recovery period Hits: 2 |
Demographics_Outlook_2021.pdfof Residents Age 65 and Older For 2020, 19.1% of the state population was age 65 and older. By comparison, data for 2010 show that share was 15.4%. Figure 4.2 presents the percentage point (pp) change in the Average Annual Population Growth: 2010 to 2020 Decennial Census Source: U.S. Census Bureau, 2010 and 2020 Census. Border State Comparison Delaware +1.00% Maryland +0.68% New Jersey +0.55% New York +0.42% Pennsylvania +0.23% West Virginia -0 Hits: 2 |
CompetePA_March_11_2021.pdfsame weight). Total Taxes excludes any severance tax or impact fee. Source: State and Local Tax Revenues: A 50 State Comparison, IFO (November 2020). State and Local Tax Burden: Rates and Ranks March 11, 2021 10 Rank ATR Rank ATR Rank same weight). Total Taxes excludes any severance tax or impact fee. Source: State and Local Tax Revenues: A 50 State Comparison, IFO (November 2020). Property Liquor, Tobacco, Game Total Taxes Minimum Wage Impact: 2019 vs 2022 March 11, 2021 11 Number Hits: 2 |
Witgert Nov 15, 2012.pdfoutside Exchange •Actuarial values of bronze, silver, gold & platinum plans •Subsidy costs Tools to help decide 17 Find state plan comparison charts here: State Health Reform Assistance Network resources http://www.statenetwork.org/resources/ And track state decisions here: State Refor Hits: 1 |
Tax_Credit_and_PBB_Overview_2019-01-24.pdfassets in state-chartered institutions with satisfactory CAMELS Composite ratings. Publish depository and non-depository institution fee schedules and provide comparison to selected other states. Report number and outcomes of elder financial abuse cases. Track outcomes for new educational outreach programs Hits: 1 |
TaxCredit and PBB Overview- 2019-01-24.pptxassets in state-chartered institutions with satisfactory CAMELS Composite ratings. ▪ Publish depository and non-depository institution fee schedules and provide comparison to selected other states. ▪ Report number and outcomes of elder financial abuse cases. ▪ Track outcomes for new educational outreach programs Hits: 1 |
TaxCredit and PBB Overview- 2019-01-24.pdfassets in state-chartered institutions with satisfactory CAMELS Composite ratings. Publish depository and non-depository institution fee schedules and provide comparison to selected other states. Report number and outcomes of elder financial abuse cases. Track outcomes for new educational outreach programs Hits: 1 |
Supplemental_Table.pdfRevenue Estimate Comparison Detail IFO Mid-Year Executive Budget IFO less Exec Budget 2017-18 2018-19 2017-18 2018-19 2017-18 Hits: 1 |
Special-Funds-Response-Letter-03-08-2019.pdf86,635 87,251 67,961 71,340 81,526 -16,343 -15,295 -5,725 Table 3 - Three-Year Comparison of Available and Actual Disbursements for Selected Funds Difference (Actual less Available) 1 Actual Available Fund Name 15-16 16- Hits: 1 |
Senate_Appropriations_Committee_Response_Letter_2021.pdfhigher across all revenue sources. The IFO did not confer with DOR prior to publication of its projections, but a comparison of forecasts suggests that the IFO forecast reflects stronger current economic activity (i.e., sales and use tax and withholding Hits: 1 |
SD_Prop_Tax_Update_Aug_2022.pdfsurround Philadelphia. The other two counties (Monroe and Pike) border each other in the northeast portion of the state. For comparison, the statewide average school district property tax revenue per capita was $1,209 and the median was $869. The bottom Hits: 1 |
Revenue_Estimate_2021_05.pdfare not seasonally adjusted. Figures for April 2021 are preliminary. YOY is year-over-year. 1 Data for April 2021 comparison compares to April 2020 under a no-pandemic scenario and includes seasonal workers who would have been hired. Source: U Hits: 1 |
Revenue-Update-2020-04.pdf1,118 52 1,100 1,114 14 All Other 3,696 3,768 73 3,585 3,654 68 Comparison of FY 2019-20 Revenue Estimates Table 1 Notes: Millions of dollars. IFO Mid-Year Update released January 2020. GBO Hits: 1 |
Revenue-Estimate-2020-05.pdffood servers, hair dressers, nail technicians) may have also lost $1 to $2 billion in tip income. By comparison, the analysis estimates that economic impact payments, state UC and federal UC payments will total $30.9 billion in CY 2020. Hence Hits: 1 |
REU-2019-10.pdfis holding steady, as revenue gains from the taxation of internet sales are fully incorporated into the year-over-year comparisons. The 3-month motor vehicle SUT growth rate dropped this month due to a weak October that partially off- Hits: 1 |
Response_Letter_9_23_2019.pdfFinance Committee Jacob Smeltz, Chief of Staff- Majority Leader Jeremy Kiehl, Director of Legislative Affairs- Majority Leader 1 This simple comparison ignores the fact that some of the current and future benefit from the tax law change would flow as a Hits: 1 |
RB_2022_08_Worker_Shortage.pdfgroup did not change, then the state LFPR for that age cohort declined by roughly 0.7 ppts. 7 For comparison, the establishment data from the U.S. Bureau of Labor Statistics (Current Employment Statistics, State and Metro Area Employment) show Hits: 1 |
RB_2022_07_Worker_Shortage.pdfgroup did not change, then the state LFPR for that age cohort declined by roughly 0.7 ppt. 10 For comparison, the establishment data from the U.S. Bureau of Labor Statistics (Current Employment Statistics, State and Metro Area Employment) show Hits: 1 |
RB_2022_06_PA_Gasoline_Tax.pdfMotor Fuel Excise Tax Rates, as of January 1, 2022. Compiled by FTA from various sources. The rate is for comparison purposes and does not include all taxes/fees levied. See: https://www.taxadmin.org/assets/docs/Research/Rates/mf.pdf Hits: 1 |
RB_2021_09_Pension_Outlook.pdflocal pension systems. Source: The State Pension Funding Gap: 2019 and 2014, Pew Charitable Trusts. Table 3: State Pension Funding Comparisons 2014 2019 Independent Fiscal Office Page 4 Since 2009, the share of municipal systems that qualify as distressed at any Hits: 1 |
RB_2021_03 COVID-19 Impact on Deaths.pdffor 2021 would be 14,320. The two-year total for CDC COVID-19 deaths would be 32,195. By comparison, the two- year excess deaths computed by the analysis is 27,353. The excess deaths figure from Table 1 is Hits: 1 |
RB_2020_12_PPP_Loans_to_PA_Businesses.pdf0 percent) at an average cost of $377,700 per job for the April to August time period. 5 By comparison, the average annual earnings for employees at PPP-eligible firms was $45,000. 6 The program resulted in employment Hits: 1 |
RB-2019-01.pdfaverage rate for all wells operating in a single calendar year. A lifetime ETR, which is more appropriate for interstate comparisons, represents the average tax burden of a single well across all years of its productive life. Table 2: Well Count Hits: 1 |
RB-2015-04.pdfto provide an economic analysis of all economic and revenue proposals included in the Executive Budget. Table 1 provides a comparison of minimum wage rates for Pennsylvania and adjacent states for 2015 and 2016. For 2015, all adjacent states require that Hits: 1 |
QRR_2017Q3.pdfrecent publication detailing these estimates is available at www.ifo.state.pa.us. The IFO produces this report to facilitate comparison of its revenue estimates with actual revenue collec- tions. The report also provides context for the vari- ances between estimates Hits: 1 |
QRR_2017Q2.pdfPage 1 QUARTERLY REVENUE REVIEW APRIL TO JUNE Fiscal Year 2016-17 The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual reve- nue collections. The report also provides context for the variances between estimates Hits: 1 |
QRR_2017Q1.pdfOFFICE Page 1 QUARTERLY REVENUE REVIEW JANUARY TO MARCH Fiscal Year 2016-17 The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual reve‐ nue collections. The report also provides context for the variances between estimates Hits: 1 |
QRR_2016Q4.pdfOFFICE Page 1 QUARTERLY REVENUE REVIEW OCTOBER TO DECEMBER Fiscal Year 2016-17 The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual reve- nue collections. The report also provides context for the variances between estimates Hits: 1 |
QRR_2016Q3.pdfdetailing the quarterly revenue estimates is available at www.ifo.state.pa.us. The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual reve- nue collections. The report also provides context for the variances between estimates Hits: 1 |
PSBA_January_19_2022.pdfweighted average. USuw is unweighted average (each state has same weight). Source: State and Local Tax Revenues: A 50 State Comparison, IFO (January 2022). State and Local Tax Burden: Average Tax Rate and Rank Property Tax Personal Income Sales and Use Hits: 1 |
PSBA Webinar - IFO - Act5_Actuarial.pdfof the projection period would change the estimated risk mitigation by 11 ppts. 6/28/2017 7 Act 5 Benefit Comparisons 35 Years 25 Years 15 Years Percentage of Act 120 Benefits Default Hybrid Plan 82% 75% 69% DC-Only Plan Hits: 1 |
Property-Tax-Update-August-2018.pdfimpact than small states (Rhode Island). Data are for FY 2014-15 (local) and FY 2015-16 (state). Source: Tax Comparison Study, Independent Fiscal Office (February 2018). All source data for computations are from the U.S. Census Bureau and the Hits: 1 |
Presentation_PICPA_9-24-2013.pdfflat. Outlook for Annual Payment very cautious. oStole some capital gains last year. 24 . Sept . 2013 21 General Fund Revenue Comparison 2012-13 2013-14 Ind. Fiscal Office (June 2013) $28,647 $29,073 Plus: Policy Changes $0 $82 Total $28 Hits: 1 |
Presentation_Lancaster_Chamber_2017-07-14.pdfactively working or seeking work. Source: PA Department of Labor and Industry, Center for Workforce Information and Analysis. Regional Population Comparison 7/14/2017 11 Levels (000s) and Growth Shares and Median Age 2010 2015 AAGR < 20 65+ Median Delaware 900 Hits: 1 |
Presentation_2016-05-13_KRFS_Economic_and_Revenue_Outlook.pdfTax Revenue 662 ‐39.8% 490 ‐26.1% Dollar amounts are in millions. May 13, 2016 9 General Fund Revenue Comparison 2015‐16 2016‐17 IFO (May 2016) $31,022 $31,586 Growth Rate 1.4% 1.8% Executive Budget (Feb Hits: 1 |
Presentation-Initial-Revenue-Estimate-2018-05.pdfNote: Dollar amounts in millions. * FY 2018-19 Executive Budget, General Fund Financial Statement. Excludes revenue proposals. General Fund Revenue Comparison May.01.2018 26 Revenue risks remain for FY 2017-18. CNIT: May (final) and June (estimated) payments. Hits: 1 |
Presentation-2019-01-Mid-Year-Update.pdf047 55 1,065 185 Note: Millions of dollars. Tax revenues up 5.7% from prior fiscal year. Growth Rate Comparison Thru January January 29, 2019 7 Projected Actual General Fund 2.7% 4.5% Corporate Net Income 10.3% 24 Hits: 1 |
Presentation-2018-06-Philly-Pitt-Chambers.pdf900 -74.0% Note: Dollar amounts in millions. PIT is personal income tax. June.04.2018 11 General Fund Revenue Comparison 2017-18 2018-19 IFO (May 2018) $34,501 $33,943 Growth Rate 8.9% -1.6% Executive Budget (Feb Hits: 1 |
Presentation-2018-06-PASBO.pdf900 -74.0% Note: Dollar amounts in millions. PIT is personal income tax. June.05.2018 9 General Fund Revenue Comparison 2017-18 2018-19 IFO (May 2018) $34,501 $33,943 Growth Rate 8.9% -1.6% Executive Budget (Feb Hits: 1 |
Pitt_Chamber_Presentation.pdftaxes and income. The U.S. unweighted average gives each state the same weight. Source: State and Local Taxes: A Comparison Across States, IFO (February 2018). 8 Author: Tessa Dorr CreationDate: 2018-02-27 14:14:35 Creator: Adobe Acrobat Pro Hits: 1 |
PICPA_NPG_Presentation_2021_07.pdfthe Independent Fiscal Office, the State Employees' Retirement System and the Public School Employees' Retirement System. State Pension System Funding Comparison July 13, 2021 3 2014 2018 State Funded Ratio Rank Per Capita Funded Ratio Rank Per Capita New York 98 Hits: 1 |
PBB_Board_Amend_03_09_22.pdf1949) by quartiles based upon median household income and students of color as a share of enrollment 7. In the “Comparison of School District Per Student Expenditures to Standardized Test Scores” subsection, use the plain language suggested by the IFO in Hits: 1 |
PBB_2022_AGRICULTURE_REPORT.pdfvarious forms: inputs (funding levels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (effectiveness), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the Hits: 1 |
PBB_2021_DMVA_REPORT_ADDENDUM.pdfvarious forms: inputs (funding levels, number of employees), outputs (workloads), efficiency (cost ratios, time to complete tasks), outcomes (effectiveness), benchmark comparisons to other states and descriptive statistics. The final category includes a broad range of metrics that provide insights into the Hits: 1 |
PBB_2019_PCCD_Report.pdfformulate questions to agencies regarding their operations. The plans cannot identify optimum funding levels or provide a direct comparison of relative effectiveness across programs. For that purpose, more detailed methods would be required. 3 Note on data: Most performance metrics used Hits: 1 |
PBB-Board-Hearing-Jan-22-2020.pdf69 Considerably higher than most border states (PA relies more on fee) Population per PSAP highest of all comparison states Recommended metrics: avg. call answer time | calls re-routed incorrectly 75% of PA municipalities have a Hazard Mitigation Hits: 1 |
Official-Revenue-Estimate-2020-06.pdffood servers, hair dressers, nail technicians) may have also lost $1 to $2 billion in tip income. By comparison, the analysis estimates that economic impact payments, state UC and federal UC payments will total $31.5 billion in CY 2020. Hence Hits: 1 |
NGPR-2015-2H.pdfyear and 364 were spud in the second half. Of those wells, only 158 produced gas (20.2 percent). In comparison, of the wells spud in 2013 and 2014, 89.7 percent and 67.6 percent produced gas, respectively. Table 3B Hits: 1 |
NGIFE-2018.pdfaverage rate for all wells operating in a single calendar year. A lifetime ETR, which is more appropriate for interstate comparisons, represents the average tax burden of a single well across all years of its productive life. Table 2: Well Count Hits: 1 |
NGIFE-2016.pdfto quantify the prospective tax burden on new wells across states. (See the IFO’s previous publication, Effective Tax Rate Comparisons - Severance Taxes, for further information.) Table 2: Well Count and Estimated Collections for 2016 Operating Number of Number of Number Hits: 1 |
NGIFE-2015.pdfto quantify the prospective tax burden on new wells across states. (See the IFO’s previous publication, Effective Tax Rate Comparisons ‐ Severance Taxes, for a further description of the lifetime ETR concept.) Table 2: Well Count and Estimated Collections for 2015 Hits: 1 |
Newsstand_January_2020.pdfThe significant reversal is driven by a decline in international in-migration, falling 38.3% (-12,143) from 2018. By comparison, domestic out- migration changed from -20,731 to -19,588. IRS Reports Negative Net Domestic Migration from 2017 to 2018 Hits: 1 |
NewsStand_2019_October.pdftary compliance is much higher for wage income reported through withholding, with just 1% of this income un- derreported. For comparison, taxpayers filing for cash business or other income without third-party information reporting, misreport approximately 55% of income. The IRS Hits: 1 |
NewsStand_2019_May.pdf3.6%), credit cards (3.0%), mortgages (-0.3%), home equity loans (-11.5%) and student loans (4.3%). By comparison, total per capita debt for all U.S. consumers increased by 2.4%. Jobs in Retail Sector Contract Significantly Through Hits: 1 |
Newsstand_2018_June.pdf1.8%), auto loans (1.2%) and home equity loans (-0.2%). Total consumer debt increased by 2.5%. By comparison, total debt of all U.S. consumers increased by 3.8%, driven by stronger growth for auto loans (5.3% Hits: 1 |
Newsstand_2018_July.pdfcapital gains increased 44.9%. For filers reporting more than $1 million of AGI, capital gains increased 32.2%. By comparison, the S&P 500 Index increased by 17.0% (annual average). The preliminary tax data exclude filers who requested an Hits: 1 |
Newsstand_2018_August.pdf5%) and student loan (5.0%) debt increased, primary mortgage (-0.6%) and home equity loans (-4.5%) declined. By comparison, per capita consumer debt for the U.S. increased by 3.5% from last year, led by strong growth in Hits: 1 |
NAP-2018-03.pdfcaps their annual credit allocation at $10 million. The table below summarizes programs offered by surrounding states. Table 5 State Comparison State Eligible Contributors % of Donation Contributor Cap Program Cap Delaware Business & Individuals 50% $50,000 (not exceeding $100,000 over Hits: 1 |
MTR-2019-08.pdfcontinues to decelerate as revenue gains from the taxation of internet sales are fully incorporated into the year-over-year comparisons. The 3-month motor vehicle SUT growth rate shows moderate gains, far below the 12-month trend. Many analysts Hits: 1 |
MTR-2017-03.pdfdebt since the recession at 0.5% per annum (2010 to 2016), and it was the only state in this comparison to surpass its 2008 peak during this period. Michigan, Ohio and New Jersey fell by more than 1% per annum Hits: 1 |
MTR-2015-10-Highlights.pdfGeneral Fund revenues declined by $110 million (-4.9%) compared to the same month in the prior year. However, the comparison with the prior year is affected by one-time payments and timing issues. October 2014 inheritance tax revenues included a Hits: 1 |
Monthly_Economic_Update_May_2021.pdf0% for the four months of February to May 2021. However, due to the impact of COVID-19, a better comparison is to CY 2019, with total wage growth of 7.1%, despite 397,000 (-6.6%) fewer payroll jobs in Hits: 1 |
Monthly_Economic_Update_December_2020.pdfthe year. For 2020 Q3, 27% were cash-out refinancings and the residual was rate and term adjustments only. (By comparison, the cash-out share was closer to 50% in 2019 Q3.) The estimated average cash out was $51,600 and Hits: 1 |
Monthly_Economic_Update_August_2021.pdfProtection (DEP), Pennsylvania production from January to May 2021 increased by 5.6% from the same period in 2020. For comparison, production from January to May 2020, which includes several months impacted by COVID-19 restrictions, recorded annual growth of 5 Hits: 1 |
Mid_Year_FY16-17_Presentation.pdfdata from U.S. Bureau of Economic Analysis and U.S. Bureau of Labor Statistics. Forecasts by IFO. Economic Forecast Comparison 25.Jan.2017 4 2014 2015 2016 2017 Mining-Logging 1.7 -3.6 -8.6 0.9 Construction 4 Hits: 1 |
mid-year-FY14-15-presentation.pdffirst seven months of the fiscal year and $167 million for the final five months). 28.Jan.2015 16 Estimate Comparison Fiscal Year Estimate IFO DOR Difference General Fund ‐ Total $29,957 $30,181 ‐$224 Corporate Net Income 2,484 2 Hits: 1 |
MER-2015-06.pdf3 percent growth), New York ranked 8th (2.0 percent growth), and Ohio ranked 10th (1.9 percent growth). By comparison, Delaware, Maryland and New Jersey exhibited flat or negative growth and ranked in the bottom third of all states. West Hits: 1 |
MER-2014-06.pdfS. 4 1.6 2.5 1.8 0.40 0.21 0.17 0.21 0.05 0.76 Comparison of Real GSP Growth across States Contribution to 2013 Growth Rate 1 Real GSP Growth Author: kmaynard CreationDate: 2014-06- Hits: 1 |
MER-2014-04.pdfthat use the Pennsylvania Turnpike and are there‐ fore a good proxy for economic activity in the Com‐ monwealth. A comparison of commercial truck vol‐ ume to real private gross state product (GSP) for Pennsylvania supports this narrative. Real private GSP Hits: 1 |
Labor_Market_Update_Sept_2021.pdfover-year (YOY) change in payroll jobs was -362,000 compared to -358,300 for July. (See table below. This comparison uses non-seasonally adjusted data and assumes a no- pandemic scenario for CY 2020. Seasonally adjusted data yield similar results Hits: 1 |
Labor_Market_Update_October_2021.pdfover-year (YOY) change in payroll jobs was -384,800 compared to -365,500 for August. (See table below. The comparison uses non-seasonally adjusted data and assumes a no-pandemic scenario for CY 2020. Seasonally adjusted data yield similar trends Hits: 1 |
Labor_Market_Update_June_23_2021.pdfpayroll jobs, and has only modestly improved relative to the annual job loss for October 2020 (-455,000). (Note: This comparison uses non-seasonally adjusted data and assumes a no- pandemic scenario for CY 2020. It reflects seasonal hiring that would Hits: 1 |
Labor_Market_Update_July_2021.pdfyear change in payroll jobs is -394,500, compared to roughly -440,000 for the two prior months. (Note: This comparison uses non-seasonally adjusted data and assumes a no -pandemic scenario for CY 2020. It reflects seasonal hiring/reductions that Hits: 1 |
Kling_Presentation.pdfOthers’: Estimates of the Effects of the 2017 Tax Act on the Level of Real GDP CBO published that last comparison in its April 2018 report about the budget and economic outlook. 15 CBO CBO’s baseline budget projections incorporate the Hits: 1 |
June_Revenue_Estimate_2021.pdfare not seasonally adjusted. Figures for April 2021 are preliminary. YOY is year-over-year. 1 Data for April 2021 comparison compares to April 2020 under a no-pandemic scenario and includes seasonal workers who would have been hired. Source: U Hits: 1 |
Initial_Estimate_May_2017_Presentation.pdf2016. 1 FY 2017-18 Executive Budget, General Fund Financial Statement, p. C1.5. Excludes revenue proposals. General Fund Revenue Comparison 19 02.May.2017 Lottery Sales Turn Negative 12-13 13-14 14-15 15-16 16-17 Gross Ticket Hits: 1 |
Impact-Fee-Update-2017-Outlook-2017-07.pdfprospective tax burden on new wells across states. (See the IFO’s previous publication, Natural Gas Extraction: An Interstate Tax Comparison, for an analysis using the lifetime ETR.) 3. Prices are from Bentek Energy, and are converted to dollars per thousand Hits: 1 |
Impact-Fee-Estimate-2019.pdfaverage effective tax rate (ETR) for all wells in operation during the year. 4 This computation also facilitates a general comparison to severance tax rates in other states. The ETR is equal to annual impact fee revenues divided by the total Hits: 1 |
IFO_Hearing_8-30-2017.pdfMay 2017) • Quarterly Revenue Review (May 2017) • Natural Gas Production Report Quarter 1 (May 2017) • State and Local Taxes: A Comparison Across States (May 2017) • Actuarial Note Transmittal for Senate Bill 1: A01354 and A01558 (June 2017) • Official Revenue Estimate FY Hits: 1 |
IFO-Press-Release-11-14-2019.pdfexpenditure trends that will affect the Commonwealth’s fiscal condition through fiscal year (FY) 2024-25 and includes a historical comparison of General Fund program expenditures and revenue trends. For the period FY 2014-15 through FY 2019-20, the data Hits: 1 |
House_State_Gov_Comm_Presentation_August_2021.pdfin millions. Sources: Submissions supplied by SERS and PSERS in accordance with Act 37 of 2020. State Pension System Funding Comparison August 19, 2021 5 2014 2018 State Funded Ratio Rank Per Capita Funded Ratio Rank Per Capita New York 98 Hits: 1 |
House Budget Hearing Request.pdfStats - Migration Data. 2014 to 2015. https://www.irs.gov/uac/soi-tax-stats-migration-data. 5 Table C Interstate Comparison of Expenditure Growth State 2012 2013 2014 AAGR 1 Pennsylvania $87,339,608 $87,532,654 $86,985,760 -0 Hits: 1 |
GPNP July 10, 2012 final.pdfreports and analysis. Monthly Economic Update (later this month). Legislative Requests: Property Tax Proposals (late September). Interstate comparison of tax structures and tax burdens (later this month). 10.Jul.2012 10 2012 GPNP Conference Economic Outlook: Another Summer Hits: 1 |
Five_Year_Outlook_2022.pdfto GDP reflects the revenue gener- ating capacity of the state economy. Table 4.2 shows the results of this comparison. FY 2018-19 was the last full year prior to COVID and is used as the base year to determine Hits: 1 |
Budget_Hearing_Testimony-Feb2014.pdfrevenue estimate for the current fiscal year and concluded that a $150 million reduction to the estimate was warranted. (For comparison, our revised estimate is about $112 million lower than the estimate certified by the Governor for the current fiscal year Hits: 1 |
ACN_SB1071_A10803_text.pdfthis subsection, if the system's actuarial funded status is 100% or more as of the date used for the comparison required under this subsection, as determined in the current annual actuarial valuation, the shared-risk contribution rate shall [be] not Hits: 1 |
2022-Impact-Fee-Estimate.pdfnatural gas net of post-production costs and (2) the total production from all unconventional wells. The ETR computation facilitates comparisons to states that levy a severance tax. The ETR computation for CY 2022 uses these data: • Annual production of 7 Hits: 1 |
2012-07 Monthly Economic Summary10.pdfApril - July). June marked the first month since July 2011 that the Pennsylvania unemployment rate increased. Many analysts have made comparisons to last summer, when labor market growth also decel- erated. Are the underlying dynamics the same? The unemployment rate is Hits: 1 |
2006_surviving_spouse_healthcare_study.pdfthe REHP at the time of their death. 3. SERS - Provides surviving-spouse with a comparison of the Survivor-Spouse coverage versus COBRA coverage, including the premium costs. 4. SERS - If the surviving-spouse is still interested in the Survivor-Spouse Hits: 1 |
Pensionsto reduce the unfunded accrued liabilities of the Systems. If the System is fully funded at the time of the comparison, then the shared risk rate will be zero for that period. For any year in which the employer contribution rate Hits: 1 |