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Gasoline Consumption Remains Subdued

The IFO updated a gasoline consumption research brief published in January 2023 with additional consumption and retail pump price data. Gasoline consumption remains well below pre-pandemic levels partially due to the continuation of hybrid and remote work schedules for some workers.

Tags: brief, consumption, gasoline, research

Post-Pandemic Gasoline Consumption

The IFO published a research brief on the decline in Pennsylvania gasoline consumption resulting from recent trends in remote working and higher gasoline prices. Reduced consumption means less funding for road and bridge construction, as gasoline taxes fund 55% of those projects.

Tags: brief, consumption, gasoline, research

Gasoline consumption Remains Subdued

The IFO updated a gasoline consumption research brief published in January 2023 with additional consumption and retail pump price data. Gasoline consumption remains well below pre-pandemic levels partially due to the continuation of hybrid and remote work schedules for some workers.

12/19/2023

Post-Pandemic Gasoline consumption

The IFO published a research brief on the decline in Pennsylvania gasoline consumption resulting from recent trends in remote working and higher gasoline prices. Reduced consumption means less funding for road and bridge construction, as gasoline taxes fund 55% of those projects.

01/05/2023

Single-Use Plastics Report-2020_06.pdf

Response to Regulations ........................................................................................... 32 Petrochemical and Plastics Manufacturing from Natural Gas ............................................................. 33 Section 6: Net Economic Impacts ........................................................................................... 37 Consumption and Spending on Retail Bags...................................................................................... 37 Impact on Employment and Earnings ............................................................................................. 39 Treatment of Fee Revenues ........................................................................................................... 41 Section 7: Local and State attempt to incentivize consumers, retailers or manufacturers to recognize social and other costs imposed on society by the consumption, sale or manufacture of certain products. For consumers, regulations could eliminate options (bans) or raise prices (fees). Both types of regulation have

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RB_2023_12_Gasoline_Consumption_Remains_Subdued.pdf

This research brief updates one published in January 2023 to include an additional 11 months of gasoline consumption and retail price data. More than three years after the height of the pandemic (2020), gasoline consumption remains well below pre-pandemic levels (2019). This outcome is partially due to the continuation of hybrid and remote work

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RB_2023_1_Post_Pandemic_Gasoline_Consumption.pdf

The accelerated shift of the Pennsylvania workforce to a remote setting has led to a notable decline in gasoline consumption. Before 2020, gasoline consumption had been trending downward, primarily due to improved fuel efficiency. When the pandemic began in early 2020, mitigation efforts caused

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RB_2022_06_PA_Gasoline_Tax.pdf

This research brief provides an overview of Pennsylvania’s gasoline tax rate, revenue collections, consumption and average tax burden per Pennsylvania licensed driver. Gasoline tax collections comprise roughly 55% of total Motor License Fund (MLF 1.25 statutory maximum in 2006. Independent Fiscal Office Page 3 Figure 2 displays historical gasoline tax revenue collections and consumption. ▪ From 2001 to 2006, the AWP reached the $1.25 statutory maximum. Over that same period, gasoline revenues increased 3

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IFO - Economic and Budget Outlook - January 2012.pdf

total spending on all goods and services by their final users. Four types of spending comprise real GDP: (1) personal consumption, (2) investment, (3) net imports and (4) federal and state-local government spending. Real measures are a superior measure of expanded by 3.0 percentage points during 2010. For the US, the increase in real output was driven by personal consumption expenditures (contributing 1.4 percentage points of total real growth), gross investment (2.2 percentage points), and spending by the

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RB_2021_01_Economic_Impact_of_Federal_Stimulus.pdf

discretionary income that might not be spent. This outcome is corroborated by research (discussed below) that finds a relatively low consumption rate for some stimulus funds. For example, a recent article by the Federal Reserve Bank of New York found that or increase savings. 3 Because such a large share of funds is not consumed immediately, but instead might facilitate higher consumption in the near future, the economic impact analysis considers the impact of the direct stimulus 3 See Oliver Armantier, et

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MSC_March_31_2021.pdf

entertainment, remodels Remote working is here to stay  Impacts restaurants, dry cleaners, formal/business casual clothing sales  Gasoline consumption down 10% for FY 2020-21 Businesses tighten belts  Operations and procurement | travel and meals/entertainment | leased space March on investor presentations for several regional producers. 4 Does not include natural gas liquids, thousands of dollars. 2020 Energy Impact: Consumption Decline March 31, 2021 17 Total U.S. energy consumption down 7 percent year-over-year  Largest reduction in

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IFO_Hearing_Packet_Feb2019.pdf

Burdens ................................................................... 14 Natural Gas Production and Spot Prices ........................................................................... 15 Natural Gas Spot Prices ............................................................................................................ 16 Natural Gas: U.S. and PA Consumption .............................................................................. 17 2018 Impact Fee Estimate ...................................................................................................... 18 Pension Systems Data ............................................................................................................... 20 Employer Contribution Rates for PSERS and SERS ...................................................... 21 Funded Ratios Rate 92.0% 51.7% 31.2% 13.0% 10.9% 5.3% 11.9% 8.0% 8.0% PA Consumption (bcf) 1 918 959 1,040 1,038 1,072 1,025 1,213 1,262 1,312 Share Exported

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Official_Revenue_Estimate_Methodology_2023_06.pdf

derivation of Disposable Cash Income (DCI), a con- structed income measure used to forecast certain tax revenues that rely on consumption, such as sales and use taxes and lottery purchases. The third part describes the specific models used to forecast major For these revenue sources, tax liability is not accrued over the calendar year. Instead, tax liability is triggered by the consumption of a particular good or service. Basic Tax Liability Method Under the basic tax liability method, firms accrue tax liability

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Official_Revenue_Estimate_Methodology_2022.pdf

derivation of Disposable Cash Income (DCI), a con- structed income measure used to forecast certain tax revenues that rely on consumption, such as sales and use taxes and lottery purchases. The third part describes the specific models used to forecast major For these revenue sources, tax liability is not accrued over the calendar year. Instead, tax liability is triggered by the consumption of a particular good or service. Basic Tax Liability Method Under the basic tax liability method, firms accrue tax liability

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Official_Revenue_Estimate_Methodology_2021.pdf

derivation of Disposable Cash Income (DCI), a con- structed income measure used to forecast certain tax revenues that rely on consumption, such as sales and use taxes and lottery purchases. The third part describes the specific models used to forecast major For these revenue sources, tax liability is not accrued over the calendar year. Instead, tax liability is triggered by the consumption of a particular good or service. Basic Tax Liability Method Under the basic tax liability method, firms accrue tax liability

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Official-Revenue-Estimate-Methodology-2020-6.pdf

Disposable Cash Income (DCI), a con- structed income measure used to forecast certain tax revenues that rely on consumption, such as sales and use taxes and lottery purchases. The third part describes the specific models used to forecast major revenue sources revenue sources, tax liability is not accrued over the calendar year. Instead, tax liability is triggered by the consumption of a particular good or service. Basic Tax Liability Method Under the basic tax liability method, firms accrue tax liability on a

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Official-Revenue-Estimate-Methodology-2019-06.pdf

Disposable Cash Income (DCI), a con- structed income measure used to forecast certain tax revenues that rely on consumption, such as sales and use taxes and lottery purchases. The third part describes the specific models used to forecast major revenue sources revenue sources, tax liability is not accrued over the calendar year. Instead, tax liability is triggered by the consumption of a particular good or service. Basic Tax Liability Method Under the basic tax liability method, firms accrue tax liability on a

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index.cfm

General Fund revenues for December, a decrease of $342.2 million (-8.5%) compared to December 2022. ... (Full Report) Gasoline Consumption Remains Subdued Economics and Other December 19, 2023 The IFO updated a gasoline consumption research brief published in January 2023 with additional consumption and retail pump price data. Gasoline consumption remains well below pre-

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TC_2023_PA_Resource_Manufacturing.pdf

U.S. Energy Information Administra- tion (August 31, 2022). 10 “U.S. Ethane Production to Grow, Along With Expanding Domestic Consumption and Exports,” U.S. Energy Infor- mation Administration (May 21, 2021). Natural Gas Ethane Ethylene Polyethylene Plastics Economic Impact | Page 1 provides examples of the amount of PRM tax credits that would be generated at various levels of plausible ethane consumption for a new ethylene cracker plant that operates at full or near-full capacity. When the existing Pennsylvania plant reaches

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State_Tax_Comparison_2023_02.pdf

to a tax. Lottery and liquor store profits are similar to sales taxes because they are generated by the voluntary consumption of a good or service. 1 The adjustments are based on data from federal income tax returns by state (published Accommodations” sector for state gross domestic product (based on location of service provided) compared to amounts reported for state personal consumption expenditures (based upon the consumer’s state of residency, as opposed to location of purchase) was much higher than the

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MER-2014-08.pdf

5.5% 5.2% 5.2% August 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Snapshot: Personal Consumption Expenditures by State In August 2014, the U.S. Bureau of Economic Analysis (BEA) released a new prototype statistic: personal consumption expenditures (PCE) by state. The PCE data represent the goods and services purchased by or on behalf of households, combined

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Five_Year_Outlook_2021.pdf

the pandemic triggered a surge in consumer pur- chases, particularly for durable goods subject to state sales tax. Although personal consumption data are available at the state level, they are available only with a significant lag and only published on an inflation has been especially strong due to high demand and supply constraints. Based on price indices for U.S. personal consumption expenditures, the index for durable goods consumption in- creased 7.3% in September on a year-over-year basis. By

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2013-04 Monthly Economic Report.pdf

These changes likely affect consumers’ saving or spending decisions. Research suggests that for each $1 change in stock market wealth, consump- tion rises or falls about 2.5 cents. Changes in housing wealth tend to have a greater effect on consumption. A $1 decline in housing wealth leads to a 10 cent decline in consumption; whereas, a $1 increase in housing

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State_Tax_Comparison_2022_01.pdf

to a tax. Lottery and liquor store profits are similar to sales taxes because they are generated by the voluntary consumption of a good or service. 1 The adjustments are based on data from federal income tax returns by state (published Accommodations” sector for state gross domestic product (based on location of service provided) compared to amounts reported for state personal consumption expenditures (based upon the consumer’s state of residency, as opposed to location of purchase) was much higher than the

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State_Tax_Comparison_2020_11.pdf

tax. Lottery and liquor store profits are similar to sales taxes because they are generated by the voluntary consumption of a good or service. 1 The adjustments are based on data from federal income tax returns by state (published by the for state gross domestic product (based on location of service provided) compared to amounts reported for state personal consumption expenditures (based upon the consumer’s state of residency, as opposed to location of purchase) was much higher than the overall U

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State-Tax-Comparison-2020-01.pdf

tax. Lottery and liquor store profits are similar to sales taxes because they are generated by the voluntary consumption of a good or service. 1 The adjustments are based on data from federal income tax returns by state (published by the the dollar amounts for the “Food Service and Accommodations” sector for state gross domestic product versus state personal consumption expenditures was much higher than the overall U.S. average. That outcome implies that state production of those services is much higher

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Revenue_Estimate_2021_05.pdf

New data released since that time would not cause any adjustment to that general timeframe. Economic Impact Payments (EIPs) Drive Consumption Figure 1.1 Note: Percentages indicate cumulative growth rate from 2019 Q2 to 2021 Q2. 0.50 0.60 0 2 Insurance Premiums 424 -10.4 443 -6.4 19 Financial Institutions 382 -2.8 413 5.1 31 Total Consumption Taxes 13,829 12.8 14,240 16.2 411 Sales and Use 12,327 13.9 12,709 17

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Revenue-Estimate-2020-05.pdf

Premiums 461 3.7 458 3.1 -3 Financial Institutions 383 0.9 399 4.9 16 Total Consumption Taxes 13,046 2.3 12,001 -5.9 -1,045 Sales and Use 11,544 4.0 10,570 -4.8 4 Insurance Premiums 458 3.1 448 -2.2 Financial Institutions 399 4.9 379 -4.9 Total Consumption Taxes 12,001 -5.9 13,032 8.6 Sales and Use 10,570 -4.8 11,590 9.6 Non-Motor

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NewsStand_2019_October.pdf

59% of individual tax returns in tax year 2018—marking the 7th year of decline as IRS employment shrinks. Personal Consumption Expenditure Growth Accelerated in 2018 Pennsylvania personal consumption expenditures grew 4.9% in 2018, accelerating from a 3.6% increase in 2017. The data, released by the U

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June_Revenue_Estimate_2021.pdf

New data released since that time would not cause any adjustment to that general timeframe. Economic Impact Payments (EIPs) Drive Consumption Figure 1.1 Note: Percentages indicate cumulative growth rate from 2019 Q2 to 2021 Q2. 0.50 0.60 0 2 Insurance Premiums 424 -10.4 443 -6.5 19 Financial Institutions 382 -2.8 419 6.5 37 Total Consumption Taxes 13,829 12.8 14,309 16.7 480 Sales and Use 12,327 13.9 12,769 18

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Electricity_Update_Sep_2021.pdf

of electricity in the country by a significant margin. Table 1 shows net electricity generation by fuel source, total electricity consumption and net exports for Pennsylvania and other regional states. Net generation is broken down into electricity generated from natural gas, coal, nuclear and other sources. Other sources include hydroelectric, wind, solar and other renewable sources. Total consumption is the sum of (1) retail sales of electricity to all sectors (residential, commercial, industrial, transportation) within the state, (2

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Electricity_Update_March_2022.pdf

published by the U.S. Energy Information Administration (EIA). Table 1 shows net electricity generation by fuel source, total electricity consumption and net exports for Pennsylvania and other regional states. Net generation is broken down into electricity generated from natural gas, coal, nuclear and other sources. Other sources include petroleum, hydroelectric, wind, solar and other renewable sources. Total consumption is the sum of (1) retail sales of electricity to all sectors (residential, commercial, industrial, transportation) within the state, (2

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Budget_Hearing_Background_Feb2016.pdf

Real Gross Domestic Product 4.3% 2.1% 0.6% 3.9% 2.0% 0.7% 2.4% 3.0% Consumption 3.5% 4.3% 1.8% 3.6% 3.0% 2.2% 2.9% 3.0% Investment 7.4% 2 at the end of the calendar year. Source: Consumer debt from Federal Reserve Bank of New York. Personal income and consumption expenditures from U.S. Bureau of Economic Analysis. Personal consumption forecast for 2015 from IHS Global Insight. (3) Debt for

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Revenue_Estimate_2022_06.pdf

vehicle SUT collections. Prior to CY 2020, there was a high degree of correlation between Cash Income and the two consumption series. For CY 2020, Cash Income surged due to federal stimulus (see Table 1.3), while the two SUT series 1 Insurance Premiums 432 -4.4 494 9.3 62 Financial Institutions 435 2.8 451 6.6 16 Total Consumption Taxes 13,910 -3.2 15,401 7.2 1,491 Sales and Use 12,459 -2.9 13,918

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Revenue_Estimate_2022_05.pdf

vehicle SUT collections. Prior to CY 2020, there was a high degree of correlation between Cash Income and the two consumption series. For CY 2020, Cash Income surged due to federal stimulus (see Table 1.3), while the two SUT series 1 Insurance Premiums 432 -4.4 480 6.3 48 Financial Institutions 435 2.8 453 7.2 18 Total Consumption Taxes 13,910 -3.2 15,321 6.6 1,411 Sales and Use 12,459 -2.9 13,835

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Public_Data-General_Fund.xlsx

Fiscal Year SUMMARY | DETAIL - CORPORATE TAXES | DETAIL - CONSUMPTION TAXES | DETAIL - OTHER TAXES | DETAIL - NON-TAX REVENUES (dollar amounts in millions) | (dollar amounts in millions) | (dollar amounts in millions dollar amounts in millions) | (dollar amounts in millions) Fiscal Year Total General Fund Total Tax Revenue Total Corporation Taxes Total Consumption Taxes Total Other Taxes Total Nontax Revenue | Corporate Tax Clearing Account Corporate Net Income Capital Stock & Franchise Gross Receipts Utility

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Presentation_2016-05-12_PaDUC_Impact_of_Demographics.pdf

Tax Base Erosion 12.May.2016 AAGR PA Economy ‐ Nominal Gross Domestic Product 3.2% Sales Tax Base PA Personal Consumption Expenditures 3.3% All Goods 2.4% All Services 3.7% Healthcare 4.4% Sources: Consumption expenditures from U.S. Bureau of Economic Analysis. AAGR is average annual growth rate. Tax Base Erosion: 2004 ‐ 2014 26

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Official-Revenue-Estimate-2020-06.pdf

Premiums 461 3.7 456 2.6 -5 Financial Institutions 383 0.9 397 4.4 14 Total Consumption Taxes 13,046 2.3 12,066 -5.4 -980 Sales and Use 11,544 4.0 10,625 -4.3 -919 1 Insurance Premiums 456 2.6 447 -2.0 Financial Institutions 397 4.4 382 -3.8 Total Consumption Taxes 12,066 -5.4 12,896 6.9 Sales and Use 10,625 -4.3 11,452 7.8 Non-Motor

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Budget Hearings Packet.pdf

mortgage debt may be due to (1) an aging population and (2) lack of first-time homebuyers. Share of personal consumption expenditures to (non-taxable) services continues to increase every year. Year-Over-Year Growth Rates 2008 2009 2010 2011 2012 parentheses represent share of total debt in 2016 Q3. Source: Consumer debt from Federal Reserve Bank of New York. Personal consumption expenditures from U.S. Bureau of Economic Analysis. (6) Inflation in both the Pittsburgh and Philadelphia metro regions accelerates. This

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Budget Hearings Packet- Web Version.pdf

mortgage debt may be due to (1) an aging population and (2) lack of first-time homebuyers. Share of personal consumption expenditures to (non-taxable) services continues to increase every year. Year-Over-Year Growth Rates 2008 2009 2010 2011 2012 parentheses represent share of total debt in 2016 Q3. Source: Consumer debt from Federal Reserve Bank of New York. Personal consumption expenditures from U.S. Bureau of Economic Analysis. (6) Inflation in both the Pittsburgh and Philadelphia metro regions accelerates. This

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Revenue_Estimate_2023_06.pdf

income consumers. For upper-income consumers, most researchers find that debt levels remain moderate and residual excess savings could fuel consumption through the end of the year. For example, a May 8 Economic Letter pub- lished by the Federal Reserve Board 6 Insurance Premiums 475 -1.4 521 8.1 46 Financial Institutions 444 -1.1 366 -18.4 -78 Total Consumption Taxes 14,673-4.7 15,385 0.0 712 Sales and Use 13,196-5.2 13,988 0

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Revenue-Estimate-2023-05.pdf

income consumers. For upper-income consumers, most researchers find that debt levels remain moderate and residual excess savings could fuel consumption through the end of the year. For example, a May 8 Economic Letter pub- lished by the Federal Reserve Board 6 Insurance Premiums 475 -1.4 511 6.0 36 Financial Institutions 444 -1.1 365 -18.8 -79 Total Consumption Taxes 14,673 -4.7 15,409 0.1 736 Sales and Use 13,196 -5.2 14,013 0

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Response_Letter_9_23_2019.pdf

and bank shares), mid-sized or smaller tax types (e.g., realty transfer) and taxes not based on income or consumption (e.g., inheritance). The analysis also did not consider local earned income or sales taxes. Based on these criteria, Table use tax, (3) gross receipts taxes, (4) all tobacco product taxes and (5) liquor and malt beverage taxes. For all consumption taxes, the analysis assumes that taxes are passed through to final consumers via higher prices. Because they are part of

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Response_Letter_2021_April.pdf

and financial institutions), mid-sized or smaller tax types (e.g., realty transfer) and taxes not based on income or consumption (e.g., inheritance). The analysis also did not consider local earned income or sales taxes. Based on these criteria, Table use tax, (3) gross receipts taxes, (4) all tobacco product taxes and (5) liquor and malt beverage taxes. For all consumption taxes, the analysis assumes that taxes are passed through to final consumers via higher prices. Because they are part of

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Presentation_Lancaster_Chamber_2017-07-14.pdf

Elderly buy fewer durable goods that are taxable. Significant purchases of healthcare and medications.  Broader long-term shift in consumption. Services comprise a greater share of spending. Long-Term Tax Base Erosion 7/14/2017 17 1.00 1.10 1998-2015 1998-2007 2008-2010 2011-2015 PA Nominal GDP 3.9% 4.6% 2.1% 3.5% Personal Consumption Expenditures 4.0% 5.2% 2.0% 2.9% Goods (durable and nondurable) 3.3% 4.4% 1.3% 2

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MQRE-FY19-20-Aug.pdf

16 461 Financial Institutions 0 1 15 2 1 9 5 1 337 3 1 10 383 Total Consumption Taxes 1,139 1,085 1,088 1,127 1,076 1,149 1,152 922 996 1,011 1,123 1 Beverages (Act 13) The act imposes a 6 percent sales tax on malt and brewed beverages sold for consumption on or off prem- ises. The 6 percent sales tax is applied to 25 percent of the retail price charged to the

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Monthly_Economic_Update_February_2021.pdf

11.0 billion in EIPs in 2020 and the survey results suggest that $3.2 billion was used for personal consumption expenditures. When surveyed about the expected use of a second stimulus payment, respondents reported a smaller MPC of 24.2% billion in EIPs will be issued to Pennsylvanians in 2021, which suggests $1.5 billion will be used for personal consumption. Pandemic Boosts Pennsylvania Cigarette Tax Collections An article by the WSJ notes that the national trend of declining cigarette sales

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IFO_Testimony_RGGI_Nov_4_2022.pdf

2 81.0 2021 -- -- -- -- -- -- -- 2022 111.3 32.7 78.2 10.0 232.2 150.2 82.0 Note: Consumption includes direct use consumption and line losses. Net Exports equal to Total less Consumption. In model reference case, nuclear includes miscellaneous other conventional. Sources

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IFO_Response_Letter_Jan_20_2023.pdf

12.4 cents per gallon reflects rates in effect as of January 1, 2023. It assumes that baseline retail gasoline consumption is flat over the ten years (after 1% January 20, 2023 Page 2 growth in FY 2023-24) and diesel fuel consumption grows by 1.5% per annum. Both rates are consistent with historical averages prior to the pandemic. • The new SUT

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IFO_Hearing_Packet_Feb2018.pdf

PA Production 1 2,045 3,102 4,069 4,596 5,094 5,350 5,742 6,018 PA Consumption 1 918 959 1,040 1,038 1,072 1,115 1,159 1,206 Share Exported 55% 69% 74% Production data from PA DEP through November 2017.December 2017and future years estimatedby IFO.Production data represent unconventional gas only. Consumption data from U.S. Energy Information Administration and include conventional sources. Consumption forecast by IFO assumes 4% increase per annum

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Five_Year_Outlook_2023.pdf

cigarettes) and (3) licensing fees related to gaming expansion. Average dollar gains ($1.31 billion per annum) were driven by consumption taxes ($497 million) and taxes on profits, wealth and capital income ($419 million), followed by tax on labor income (withholding decline by roughly $120 million per annum. Withholding maintains its average revenue contribution ($565 million per annum) while taxes on consumption slow due to higher interest rates, higher housing costs and the resumption of student loan repayments. Revenue Outlook | Page 17

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Five_Year_Outlook_2020.pdf

to reside in nursing homes. In general, that outcome would translate to lower economic growth as those family units reduce consumption in response to the lower income stream. Section 3: Economic Outlook | Page 17 Income Trends The COVID-19 pandemic had as follows:  The Federal Reserve achieves its target inflation rate of 2.0 percent, as measured by the personal consumption expenditures price index. Based on historical trends, the more widely-used consumer price index (CPI-U) would increase at a

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TC_2021_Video_Game_Production.pdf

the video game production and related sectors and enhance the long-term economic impact of that activity by incentivizing the consumption of Pennsylvania goods and services. Administration The Pennsylvania DCED administers the tax credit and reviews applications. Applicants for the VGP the video game production and related sectors and enhance the long-term economic impact of that activity by incentivizing the consumption of Pennsylvania goods and services. As noted, this program is relatively new and only three years of historical data are

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State_Tax_Comparison_2024_02.pdf

like a tax. Lottery and liquor store profits are similar to sales taxes because they are generated by the voluntary consumption of a good or service. The U.S. Census Bureau compiles annual data on state and local tax revenue. However relies on SUT relatively less than other states due to broad exemptions for most clothing and food purchased for home consumption. Moreover, some states levy sales tax on gasoline in addition to an excise tax, but Pennsylvania does not. State Rank

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SR2017-03.pdf

to a tax. Lottery and liquor store profits are similar to sales taxes because they are generated by the voluntary consumption of a good or service. 1 .See “Effective Federal Tax Rates, 1979 to 1997” (Congressional Budget Office, October 2001) and relies on SUT relatively less than other states due to broad exemptions for most clothing and food purchased for home consumption. Moreover, some states levy sales tax on gasoline in addition to an excise tax, whereas Pennsylvania does not. Table 3

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Revenue_and_Economic_Update_Presentation_2020_10.pdf

three years  Unknown how much withdrawn under program Shifting consumer spending patterns  Less out of state travel | gasoline consumption down ~10%  Home improvement, cars, appliances and computers all taxable October 29, 2020 7 Mitigation vs. Recovery Period: Revenue spending | great majority spent in state Some lost spending and output (GDP) will be replaced  ~10% reduction in gasoline consumption = ~+$1.5 billion spending  Net gain from less personal out-of-state travel (less leakage)  +1% productivity gain

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Revenue-Update-2020-04.pdf

final sector includes placement of temporary and seasonal workers.  U.S. real GDP falls by 5.4 percent, personal consumption expenditures fall by 4.7 percent and corporate domestic profits decline by nearly one-third. Annual Growth Rate, Change or 1 6.0 97.9 US Forecast Real GDP 2.9% 2.3% -5.4% 6.3% 4.0% Personal Consumption Expenditures 5.2% 4.0% -4.7% 8.8% 5.9% Unemployment Rate 3.9 3.7 8.0 7

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Revenue-Proposal-Analysis-2020-04.pdf

9 percent) due to the higher minimum wage for non-tipped workers. 41  For 2019, total personal consumption expenditures (i.e., spending by all final consumers, excludes business and government) will be roughly $596 billion. If all higher wage costs that increase the size of the state economy and increases PIT, sales and use tax (SUT) and other consumption tax rev- enues (+$25 million).  A general cutback due to a potential shift to underground economic activity. Given the higher wage

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Revenue-Proposal-Analysis-2019-03.pdf

0 percent) due to the higher minimum wage for non-tipped workers. 33  For 2018, total personal consumption expenditures (i.e., spending by all final consumers, excludes business and government) will be roughly $570 billion. If all higher wage costs also has “multiplier effects” that increase the size of the state economy and increases PIT, SUT and other consumption tax revenues (+$30 million).  A general cutback due to a potential shift to underground economic activity. Given the higher wage rate

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Revenue-Estimate-2024-05.pdf

0 Insurance Premiums 499 -4.3 539 3.3 40 Financial Institutions 345 -5.7 394 7.6 49 Total Consumption Taxes 15,443 0.1 15,546 0.8 103 Sales and Use 14,065 0.3 14,260 1 46 0.0 Insurance Premiums 539 3.3 558 3.5 Financial Institutions 394 7.6 408 3.5 Total Consumption Taxes 15,546 0.8 15,824 1.8 Sales and Use 14,260 1.7 14,587 2.3

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Revenue-Estimate-2020-05-Presentation.pdf

dollars. Motor License Fund COVID-19 reduces FY 19-20 revenues by ~$105 million  Full-month closure reduces gasoline consumption by ~40%  Diesel largely unaffected Licenses and fees largely unaffected  Expiration dates for March, April and May extended revenue to next fiscal year (~$10 million) FY 20-21 projection is flat from FY 19-20  Assumes gasoline consumption falls by ~10% from historical levels  More telecommuting, less travel, fewer social events May 26, 2020 20 Wrap Up

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Revenue-Estimate-2019-05.pdf

Premiums 426 -5.6 446 -1.0 20 Financial Institutions 363 -2.3 386 3.8 23 Total Consumption Taxes 12,416 2.7 12,728 5.2 312 Sales and Use 10,751 3.6 11,063 6.6 312 9 Insurance Premiums 446 -1.0 468 4.8 Financial Institutions 386 3.8 390 1.1 Total Consumption Taxes 12,728 5.2 13,110 3.0 Sales and Use 11,063 6.6 11,470 3.7 Non-Motor

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RB_2023_12_Cigarette_Tax_Collections.pdf

19. These taxes are levied on a per pack basis (as opposed to price), so they should also reflect cigarette consumption trends at the national, state and city level. Prior to the COVID-19 pandemic, state cigarette tax revenues declined at increased rapidly since FY 2020-21 (+45%). However, this outcome does not fully explain the significant divergence in recent city consumption trends compared to Pennsylvania and the U.S. After falling by 20.4% in FY 2022-23, data for the

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RB-2015-04.pdf

wage. Speci Ðically, the report notes four direct effects on the demand for goods and services. These include: (1) reduced consumption from workers who lose employment, (2) increased consumption from workers who retain employment, (3) reduced demand from business owners and shareholders due to lower pro Ðits and (4

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PBB_2021_PennDOT_REPORT_ADDENDUM.pdf

implications for agency funding and operations. For its October 2020 revenue update, the Independent Fiscal Office (IFO) estimated that gasoline consumption in Pennsylvania declined by roughly 10 percent due to greater telecommuting, re- mote meetings, reduced social gatherings and a general issues. The department also shifted maintenance funding to core maintenance functions. Recent economic forecasts project that the reduction in gasoline consumption will likely continue for several years and would therefore impact short- and long-term agency planning and operations. The Rapid

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PBB_2020_DEP_Report.pdf

streams deemed impaired 2 Aquatic life -- 9,821 -- 17,498 -- 17,498 Water supply -- 50 -- 84 -- 84 Fish consumption -- 2,052 -- 2,817 -- 2,817 Recreation -- 7,398 -- 9,484 -- 9,484 Output # Applications disposed 7,023 7,313 6,974 renewable and alternative energy solutions. The desired outcomes are a general reduction in statewide pollution and en- ergy consumption. Resources 14-15 Actual 15-16 Actual 16-17 Actual 17-18 Actual 18-19 Actual 19-20 Budget Expenditures by Object

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Official-Revenue-Estimate-2020-06-Presentation.pdf

dollars. Motor License Fund COVID-19 reduces FY 19-20 revenues by ~$105 million  Full-month closure reduces gasoline consumption by ~40%  Diesel more moderately affected Licenses and fees largely unaffected  Expiration dates for March, April and May revenue to next fiscal year (~$65 million) FY 20-21 projection is flat from FY 19-20  Assumes gasoline consumption falls by ~10% from historical levels  More telecommuting, less travel, fewer social events June 22, 2020 19 Wrap Up

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Official-Revenue-Estimate-2019-06.pdf

Premiums 426 -5.6 443 -1.7 17 Financial Institutions 363 -2.3 385 3.8 22 Total Consumption Taxes 12,416 2.7 12,777 5.6 361 Sales and Use 10,751 3.6 11,119 7.1 368 8 Insurance Premiums 443 -1.7 467 5.3 Financial Institutions 385 3.8 387 0.5 Total Consumption Taxes 12,777 5.6 13,161 3.0 Sales and Use 11,119 7.1 11,544 3.8 Non-Motor

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Official-Revenue-Estimate-2018-06.pdf

Premiums 412 -5.0 456 5.3 44 Financial Institutions 322 -0.2 366 13.4 44 Total Consumption Taxes 12,002 2.3 12,065 2.8 63 Sales and Use 10,241 2.4 10,357 3.5 116 7 Insurance Premiums 456 5.3 428 -6.2 Financial Institutions 366 13.4 365 -0.3 Total Consumption Taxes 12,065 2.8 12,416 2.9 Sales and Use 10,357 3.5 10,751 3.8 Non-Motor

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MTR-2016-02.pdf

deteriorated rapidly due to the collapse in oil and gas prices. In addition, utility profits have weakened due to falling consumption, strong competition and facility upgrades. The losses in these two sectors are large enough to offset moderate to strong profit Other Sel. Business 0.2 0.4 0.5 2.2 2.3 3.0 -48.3 -4.9 Total Consumption Taxes 761.7 746.4 722.0 7,345.5 7,147.6 6,891.6 2.1 2.8

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MSC_March_31_2022.pdf

Source: Bureau of Labor Statistics. PA Leads Nation in Electricity Exports Total Net State Nat. Gas Coal Nuclear Other Total Consumption Exports Pennsylvania 127.3 29.3 75.9 9.1 241.6 156.2 85.5 West Virginia 2.7 U.S. Energy Information Administration. Electricity Exports by State (2021) Net Generation Note: Amounts in millions of megawatt hours. Total consumption includes 2020 amounts for direct use and line losses, which are not yet available for 2021. March 31, 2022 19

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MQRE_FY23-24_08_2023.pdf

81 4 -443 505 Financial Institutions 1 2 11 1 1 8 1 10 313 10 3 10 370 Total Consumption Taxes 1,3471,3071,2871,4151,2461,3251,3661,1031,1991,3391,2521,36715,552 SUT - Non-Motor 1,1571 194 1,307 -113 Utility Property 46 46 0 Insurance Premiums 505 539 -33 Financial Institutions 370 358 12 Total Consumption Taxes 15,552 15,488 64 SUT - Non-Motor 12,645 12,708 -63 SUT - Motor 1,414 1,305

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MQRE_FY22_23_August.pdf

80 2 -423 475 Financial Institutions 1 2 11 2 1 7 1 4 401 7 1 8 444 Total Consumption Taxes 1,280 1,224 1,218 1,264 1,211 1,269 1,293 1,043 1,104 1 045 1,013 31 Utility Property 40 40 0 Insurance Premiums 475 494 -19 Financial Institutions 444 444 0 Total Consumption Taxes 14,673 15,281 -608 SUT - Non-Motor 11,831 12,484 -653 SUT - Motor 1,365 1,331

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Monthly_Economic_Update_November_2020_Final.pdf

changed how consumers spend in two key ways: (1) it accelerated a shift to e-commerce and (2) it shifted consumption away from services and towards goods. Data from the St. Louis Federal Reserve show that e-commerce comprised 14.3% less on services and 6.9% more on goods when compared to the prior year. When the share of personal consumption expenditures (PCE) that are goods versus services is viewed in a time series, it highlights differences between spending during the

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jackson ppt.pdf

equipment investment and consumer durables, supported by replacement demand, are driving near-term growth. • Strained household finances will limit real consumption gains to about 2%. • Fiscal policies will tighten, although the timing and scope is uncertain. • A recovery in housing markets any form without prior written consent. 2010 2011 2012 2013 Real GDP 3.0 1.8 2.0 2.4 Consumption 2.0 2.2 2.2 2.0 Residential Investment -4.3 -1.7 7.7 16.9 Business Fixed

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ITEP-Presentation-11-14-2019.pdf

tax system shouldn’t hit low-income families hardest.  Fairness, part 2: treat all forms of income, wealth and consumption the same. Don’t pick winners.  Fairness, part 3: think about intergenerational equity.  Simplicity/transparency: avoids public antagonism  Competitiveness: don’t stick out. Pennsylvania state and local taxes are regressive. Consumption and Property Taxes Drive Tax Regressivity General Sales Taxes — 0.5% 1.0% 1.5% 2.0% 2.5% 3

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Initial-Revenue-Estimate-2018-05.pdf

Premiums 412 -5.0 449 3.5 37 Financial Institutions 322 -0.2 367 13.6 45 Total Consumption Taxes 12,002 2.3 12,032 2.5 30 Sales and Use 10,241 2.4 10,303 3.0 62 5 Insurance Premiums 449 3.5 428 -4.7 Financial Institutions 367 13.6 366 -0.2 Total Consumption Taxes 12,032 2.5 12,405 3.1 Sales and Use 10,303 3.0 10,687 3.7 Non-Motor

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Impact-Fee-Update-Outlook-2019-06.pdf

to meet growing demand for natural gas as well. According to the U.S. Energy Information Administration (EIA), natural gas consumption in Pennsylvania and the U.S. reached the highest level on record in 2018. The year-over- year increase in consumption in Pennsylvania (16.7 percent) and the U.S. (10.4 percent) was also the highest on record. This trend

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Five_Year_Outlook_2019.pdf

Federal Reserve achieves its target inflation rate of 2.0 percent for its preferred inflation meas- ure (personal consumption expenditures). Pennsylvania labor force participation rates continue to increase.  Wage earners receive raises that exceed inflation (i.e., real wages  The Federal Reserve achieves its target inflation rate of 2.0 percent, as measured by the personal consumption expenditures price index. Based on historical trends, the more widely-used consumer price index (CPI-U) would increase at a slightly faster

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The Payroll Tax Cut Extension FINAL.pdf

state, although non-resident purchases could also flow into the state), then purchases would increase by $2.5 billion. Personal Consumption Expenditure data from the National Income and Product Accounts suggest that roughly 50 percent of total expenditures might be spent

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TC_2019_Historic_Preservation_Tax_Credit_Report.pdf

a rehabilitated property may operate less effi- ciently but still remain cost effective in terms of net energy consumption. Rehabilitation also reduces the demand for landfill space and avoids the significant costs associated with razing a building. That cost could be

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Summary_Tax_Credit_Reviews_Oct_2023.pdf

in video game production and related sectors and enhance the long-term economic impact of that activity by incentivizing the consumption of Pennsylvania goods and services. Findings ▪ More than one-half of the tax credit allotment goes to established Pennsylvania firms

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State and Local Tax Burden Study.pdf

property tax. Pennsylvania relies on SUT relatively less due to exclusions for clothing and food purchased for home consumption. Moreover, many states levy sales tax on gasoline in addition to an excise tax; Pennsylvania does not. For property tax, home values

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RTR-May 2012.pdf

6 -39.7% 6.3 -40.4% -51.9% 49.2% 4.1% -5.0% 9.8 -28.4% Total Consumption Taxes 836.3 2.9% 2,532.8 6.0% 4.8% 6.4% 3.0% 11.1% 10,390

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RTR-Mar 2012.pdf

6 -60.2% 3.6 -51.9% 49.2% 4.1% -5.0% -12.6% 10.1 -26.5% Total Consumption Taxes 803.2 9.0% 2,421.7 4.8% 6.4% 3.0% 11.1% 2.8% 10,314

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RTR-Jun 2012a.pdf

7 27.9% 4.3 -3.0% -51.9% 49.2% 4.1% -5.0% 10.0 -26.2% Total Consumption Taxes 899.4 -20.0% 2,629.1 -5.3% 4.8% 6.4% 3.0% 11.1% 10,166

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RTR-Feb 2012.pdf

6 -1.1% 1.6 34.4% 49.2% 4.1% -5.0% -12.6% 14.1 -5.7% Total Consumption Taxes 724.5 7.6% 2,511.7 5.7% 6.4% 3.0% 11.1% 2.8% 10,248

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RTR-Apr 2012.pdf

1 2.7% 6.3 -38.1% -51.9% 49.2% 4.1% -5.0% 10.2 -22.2% Total Consumption Taxes 893.4 6.3% 2,421.1 7.6% 4.8% 6.4% 3.0% 11.1% 10,367

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RTR-2015-04.pdf

4.2% 14.0% Other Sel. Business 0.5 -86.5% 3.7 -56.1% -69.1% -55.0% Total Consumption Taxes 936.2 4.0% 8,877.0 3.5% 2.9% 3.7% Sales and Use Total 827.7

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RTR-2015-03.pdf

3.5% 16.2% Other Sel. Business 0.9 -43.7% 3.2 -29.5% -28.7% -19.3% Total Consumption Taxes 793.2 1.2% 7,940.8 3.5% 2.5% 3.7% Sales and Use Total 692.9

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RTR-2015-02.pdf

151.1% -0.7% Other Sel. Business 0.4 -3.2% 2.3 -22.3% -2.3% -21.3% Total Consumption Taxes 746.4 3.4% 7,147.6 3.7% 3.7% 3.6% Sales and Use Total 651.4

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RTR-2015-01.pdf

99.1% -1.4% Other Sel. Business 0.2 36.0% 1.9 -25.7% 3.3% -20.8% Total Consumption Taxes 919.6 2.8% 6,401.2 3.8% 3.2% 3.2% Sales and Use Total 844.5

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RTR-2014-12.pdf

137.8% -1.2% Other Sel. Business 0.1 -46.9% 1.6 -30.4% -14.5% -21.6% Total Consumption Taxes 938.0 4.9% 5,481.6 3.9% 3.4% 3.1% Sales and Use Total 804.2

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RTR-2014-11.pdf

369.0% -4.6% Other Sel. Business 0.1 16.9% 1.6 -29.3% -42.2% -25.8% Total Consumption Taxes 863.4 1.7% 4,543.6 3.7% 3.5% 2.6% Sales and Use Total 749.4

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RTR-2014-10.pdf

359.0% -4.6% Other Sel. Business 0.4 -11.2% 1.4 -31.5% -41.0% -26.0% Total Consumption Taxes 926.2 3.4% 3,680.2 4.2% 3.8% 2.5% Sales and Use Total 819.5

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RTR-2014-09.pdf

418.9% -5.1% Other Sel. Business 0.5 -57.5% 1.1 -36.8% -36.8% -29.1% Total Consumption Taxes 893.5 5.3% 2,754.0 4.5% 4.5% 2.5% Sales and Use Total 777.3

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RTR-2014-08.pdf

29.2% -9.4% Other Sel. Business 0.2 -9.3% 0.5 27.7% 17.3% -19.5% Total Consumption Taxes 907.3 2.8% 1,860.4 4.1% 5.7% 2.2% Sales and Use Total 789.8

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RTR-2014-07.pdf

307.9% -9.4% Other Sel. Business 0.3 88.6% 0.3 88.6% -42.1% -18.9% Total Consumption Taxes 953.2 5.3% 953.2 5.3% 4.7% 2.4% Sales and Use Total 862.0 6

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RTR-2014-06.pdf

292.3% -9.6% Other Sel. Business 0.9 12.2% 9.6 -20.3% -11.2% -20.3% Total Consumption Taxes 1,003.1 8.8% 10,452.5 1.9% 4.3% 1.9% Sales and Use Total 886

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RTR-2014-05.pdf

7.2% -9.9% Other Sel. Business 0.2 -86.5% 8.6 -22.7% -24.7% -20.1% Total Consumption Taxes 874.0 -0.2% 9,449.5 1.3% 1.3% 1.4% Sales and Use Total 757.6

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RTR-2014-04.pdf

17.3% -17.1% Other Sel. Business 3.9 15.7% 8.4 -13.0% -8.2% -1.8% Total Consumption Taxes 900.4 4.0% 8,575.4 1.4% 0.7% 1.8% Sales and Use Total 796.4

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RTR-2014-03.pdf

18.4% -17.9% Other Sel. Business 1.5 -42.2% 4.5 -28.5% -33.7% -4.1% Total Consumption Taxes 783.5 -0.1% 7,675.1 1.1% 0.0% 1.1% Sales and Use Total 676.0

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RTR-2014-02.pdf

72.4% 23.1% Other Sel. Business 0.5 12.9% 3.0 -18.6% -47.6% 6.7% Total Consumption Taxes 722.0 -2.4% 6,891.6 1.2% -0.5% 1.0% Sales and Use Total 621.6

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RTR-2014-01.pdf

63.7% 24.4% Other Sel. Business 0.2 -15.1% 2.5 -22.5% -64.3% 4.2% Total Consumption Taxes 894.6 2.1% 6,169.6 1.7% 0.7% 1.3% Sales and Use Total 814.2

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RTR-2013-12.pdf

59.7% 24.4% Other Sel. Business 0.1 -83.5% 2.3 -23.0% -66.3% 3.2% Total Consumption Taxes 893.9 -1.3% 5,275.0 1.6% 0.9% 0.9% Sales and Use Total 769.3

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RTR-2013-11.pdf

34.4% 30.3% Other Sel. Business 0.1 -7.5% 2.2 1.0% 0.2% 12.5% Total Consumption Taxes 848.8 1.5% 4,381.1 2.2% 2.1% 1.2% Sales and Use Total 723.1

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RTR-2013-10.pdf

35.8% 30.3% Other Sel. Business 0.4 -58.2% 2.1 1.5% 3.5% 12.7% Total Consumption Taxes 921.6 5.7% 3,532.3 2.4% 3.1% 1.2% Sales and Use Total 783.1

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Revenue_Proposal_Analysis_2021_04.pdf

and a “small price increase borne by all consumers.” Therefore, some of the higher wage is financed by reduced real consumption by workers who do not benefit from the higher minimum wage. Congressional Budget Office (2019) 31 Based on a review

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Revenue_Estimate_2021_05_Presentation.pdf

transfers removed Cash Income – all personal income received or realized that can be spent or saved Economic Impact Payments Drive Consumption May 26, 2021 10 0.55 0.65 0.75 0.85 0.95 1.05 1.15 1.25

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Revenue Trends Report - September 2012.pdf

44.9% 11.7% Other Sel. Business 0.7 26.1% 1.0 18.3% 18.3% -25.2% Total Consumption Taxes 833.0 -0.9% 2,576.8 1.2% 1.2% 1.5% Sales and Use Total 712.8

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Revenue Trends Report - October 2012.pdf

41.2% 11.9% Other Sel. Business 1.0 103.7% 2.1 49.6% 58.6% -22.2% Total Consumption Taxes 871.8 2.6% 3,448.7 1.6% 0.0% 1.5% Sales and Use Total 755.3

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Revenue Trends Report - November 2012.pdf

47.0% 11.1% Other Sel. Business 0.1 11.6% 2.2 47.1% 59.9% -21.9% Total Consumption Taxes 836.3 1.2% 4,284.9 1.5% 1.0% 1.1% Sales and Use Total 709.4

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Revenue Trends Report - May 2013.pdf

29.6% 29.4% Other Sel. Business 1.5 163.5% 11.2 20.0% 19.8% 20.4% Total Consumption Taxes 875.8 4.7% 9,332.6 0.7% -0.3% -1.5% Sales and Use Total 752.7

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Revenue Trends Report - March 2013.pdf

27.5% 26.3% Other Sel. Business 2.6 1.0% 6.3 11.4% -8.8% 5.0% Total Consumption Taxes 784.0 -2.4% 7,591.4 0.7% -0.9% -0.9% Sales and Use Total 677.7

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Revenue Trends Report - June 2013.pdf

147.7% 29.0% Other Sel. Business 0.8 21.5% 12.0 20.1% 31.4% 20.1% Total Consumption Taxes 921.6 2.5% 10,254.2 0.9% 1.3% 0.9% Sales and Use Total 801.3

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Revenue Trends Report - July 2013.pdf

161.4% 28.9% Other Sel. Business 0.2 -18.5% 0.2 -18.5% 71.6% 19.9% Total Consumption Taxes 921.6 2.4% 904.9 0.5% 2.5% 0.4% Sales and Use Total 809.9 1

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Revenue Trends Report - July 2012.pdf

26.4% 14.7% Other Sel. Business 0.2 -4.7% 0.2 -4.7% -13.7% -26.0% Total Consumption Taxes 900.4 6.3% 900.4 6.3% -5.3% 2.6% Sales and Use Total 800.5 7

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Revenue Trends Report - January 2013.pdf

144.9% 13.9% Other Sel. Business 0.2 -40.2% 3.3 33.7% 12.7% -23.3% Total Consumption Taxes 876.5 -2.0% 6,067.4 1.0% 0.2% 0.3% Sales and Use Total 790.3

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Revenue Trends Report - January 2012.pdf

3 55.7% 1.1 55.9% 49.2% 4.1% -5.0% -12.6% 14.1 -5.0% Total Consumption Taxes 894.0 -0.6% 2,613.6 5.4% 6.4% 3.0% 11.1% 2.8% 10,197

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Revenue Trends Report - February 2013.pdf

265.4% 14.5% Other Sel. Business 0.4 -33.6% 3.7 20.4% -5.1% -24.7% Total Consumption Taxes 740.0 2.1% 6,807.4 1.1% 0.4% -0.1% Sales and Use Total 644.2

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Revenue Trends Report - December 2012.pdf

157.1% 14.1% Other Sel. Business 0.9 43.6% 3.0 46.1% 66.2% -21.6% Total Consumption Taxes 906.0 1.4% 5,190.9 1.5% 1.8% 0.4% Sales and Use Total 774.4

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Revenue Trends Report - August 2013.pdf

8.3% 28.4% Other Sel. Business 0.3 27.2% 0.4 5.0% 15.5% 20.0% Total Consumption Taxes 921.6 9.3% 1,787.7 2.5% 2.5% 0.9% Sales and Use Total 761.4

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Revenue Trends Report - August 2012.pdf

51.9% 14.7% Other Sel. Business 0.2 21.6% 0.4 7.2% 19.6% -25.5% Total Consumption Taxes 843.5 -1.8% 1,743.9 2.2% -6.6% 2.1% Sales and Use Total 722.8

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Revenue Trends Report - April 2013.pdf

27.8% 27.0% Other Sel. Business 3.4 9.8% 9.7 10.8% 2.0% 7.1% Total Consumption Taxes 865.4 -3.1% 8,456.8 0.3% -1.3% -1.7% Sales and Use Total 752.4

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Revenue Conference Presentation Jan 2013 FINAL.pdf

40 million for FY 2012‐ 13. 12.3 12.4 13.1 13.2 13.3 13.4 US Personal Consumption 3.4% 3.4% 2.7% 3.0% 3.0% 3.1% US New Car‐Truck 16.7% 10.3%

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REU-2020-02.pdf

1 -11.8 5.3 Financial Institution 1.1 0.8 22.6 37.8 29.4 -40.1 Total Consumption Taxes 934.5 886.7 8,738.6 8,497.4 5.4 2.8 Sales and Use - Total 811

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REU-2020-01.pdf

8 28.0 8.9 Financial Institution 2.1 15.1 21.5 36.9 -86.1 -41.7 Total Consumption Taxes 1,184.4 1,103.4 7,804.0 7,610.7 7.3 2.5 Sales and Use

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REU-2019-12.pdf

5 -12.9 -15.8 Financial Institution 5.8 6.3 19.4 21.9 -8.0 -11.1 Total Consumption Taxes 1,148.7 1,110.7 6,619.7 6,507.3 3.4 1.7 Sales and Use

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REU-2019-11.pdf

4 -56.5 -15.9 Financial Institution 1.3 1.5 13.7 15.6 -13.6 -12.4 Total Consumption Taxes 1,069.7 1,064.4 5,470.7 5,396.6 0.5 1.4 Sales and Use

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REU-2019-10.pdf

0 120.0 -15.2 Financial Institution 1.0 2.7 12.3 14.1 -64.3 -12.2 Total Consumption Taxes 1,174.5 1,099.7 4,401.0 4,332.2 6.8 1.6 Sales and Use

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RB_2023_06_Student_Loan_Repayment.pdf

savings or amounts that would have been saved) to finance one-third of repayments, while lower-income borrowers must reduce consumption to make repayments. 7 The IMPLAN model reduces disposable income for households in each group and simulates the impact on

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RB_2023_03_Electricity_Update.pdf

8% of the electricity it generated in 2022. Wyoming and West Virginia, states with much smaller populations and lower electricity consumption, exported a higher share of generation. The adjacent map shows 2022 net exports for Pennsylvania, border states and states that

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QRR_2017Q3.pdf

9 2.8 7.1 Financial Institutions 15.7 5.2 10.5 15.7 5.2 10.5 Total Consumption Taxes 3,024.8 3,050.1 -25.3 3,024.8 3,050.1 -25.3 Sales and Use

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QRR_2017Q2.pdf

4 430.9 2.5 Financial Institutions 11.9 11.7 0.2 322.5 359.1 -36.6 Total Consumption Taxes 3,111.4 3,122.7 -11.3 11,736.9 11,968.8 -231.9 Sales and Use

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QRR_2017Q1.pdf

4 383.1 22.3 Financial Institutions 290.5 331.5 -41.0 310.7 347.4 -36.7 Total Consumption Taxes 2,780.0 2,807.2 -27.2 8,625.5 8,846.1 -220.6 Sales and Use

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QRR_2016Q4.pdf

3 2.7 1.6 Financial Institutions 7.8 10.3 -2.5 20.2 15.9 4.3 Total Consumption Taxes 2,979.7 3,067.7 -88.0 5,845.5 6,038.9 -193.4 Sales and Use

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QRR_2016Q3.pdf

3 1.2 2.1 Financial Institutions 12.4 5.6 6.8 12.4 5.6 6.8 Total Consumption Taxes 2,865.8 2,971.2 -105.4 2,865.8 2,971.2 -105.4 Sales and Use

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QRR_2016Q1.pdf

3 Other Selective Business 1 -0.6 1.7 -2.3 5.0 3.2 1.8 Total Consumption Taxes 2,574.3 2,547.7 26.6 8,194.7 8,163.7 31.0 Sales and Use 2,303

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QRR_2015Q4.pdf

5 Other Selective Business a 3.0 0.6 2.4 5.6 1.5 4.1 Total Consumption Taxes 2,806.3 2,791.7 14.6 5,620.4 5,616.0 4.4 Sales and Use 2,449

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QRR_2015Q3.pdf

2 Other Selective Business 1 2.6 0.9 1.7 2.6 0.9 1.7 Total Consumption Taxes 2,814.1 2,824.3 -10.2 2,814.1 2,824.3 -10.2 Sales and Use 2,489

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QRR_2015Q2.pdf

2 Other Selective Business a -11.4 1.0 -12.4 15.5 2.0 13.5 Total Consumption Taxes 2,838.4 2,861.9 -23.5 10,779.2 10,775.7 3.5 Sales and Use 2,502

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QRR_2015Q1.pdf

4 Other Selective Business a -5.8 0.2 -6.0 26.9 1.0 25.9 Total Consumption Taxes 2,459.2 2,496.9 -37.7 7,940.8 7,913.8 27.0 Sales and Use 2,188

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QRR_2014Q4.pdf

8 Other Selective Business a 28.4 0.4 28.0 32.7 0.8 31.9 Total Consumption Taxes 2,727.6 2,704.0 23.6 5,481.6 5,416.9 64.7 Sales and Use 2,373

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QRR_2014Q2.pdf

3 Other Selective Business a -1.0 5.7 -6.7 10.3 12.9 -2.6 Total Consumption Taxes 2,777.5 2,741.1 36.4 10,452.5 10,575.6 -123.1 Sales and Use 2,440

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QRR_2013Q4.pdf

1 Other Selective Business a 0.2 2.0 -1.8 5.0 3.4 1.6 Total Consumption Taxes 2,638.8 2,672.5 -33.7 5,275.0 5,328.7 -53.7 Sales and Use 2,275

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QRR_2013Q3.pdf

9 Other Selective Business 1 4.8 1.4 3.4 4.8 1.4 3.4 Total Consumption Taxes 2,636.2 2,656.2 -20.0 2,636.2 2,656.2 -20.0 Sales and Use 2,301

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QRE_FY15-16.xlsx

297.3 12.5 324.0 Other Selective Business 0.9 0.6 1.7 1.1 4.3 Total Consumption Taxes 2,824.3 2,791.7 2,547.7 2,941.8 11,105.5 Sales and Use 1

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QRE_FY15-16.pdf

297.3 12.5 324.0 Other Selective Business 0.9 0.6 1.7 1.1 4.3 Total Consumption Taxes 2,824.3 2.791.7 2,547.7 2,941.8 11,105.5 Sales and Use 1

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QRE_FY14-15.pdf

4 287.9 Other Selective Business 2 0.4 0.4 0.2 1.0 2.0 Total Consumption Taxes 2,712.9 2,704.0 2,496.9 2,861.9 10,775.7 Sales and Use 1 2,387

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PMTA_Presentation_April_2023.pdf

Alaska, Hawaii and other territories are excluded. Source: U.S. Energy Information Administration, updated February 2023. Gasoline and Diesel Fuel Consumption (million taxed gallons) April 19, 2023 16 Gasoline -15.5% 2020 +9.2% 2021 -1.4% 2022 -8.9% Total

Hits: 1

PICA_Presentation_2020_11.pdf

government. Source: U.S. Bureau of Labor Statistics. COVID-19 Produces Permanent Structural Changes Telecommuting and remote working  Gasoline consumption down ~10% | ~$1.5 billion spending (redirected)  Excess supply in commercial real estate rental market  Less business travel

Hits: 1

PBB_Board_Hearing_Apr_27_2021.pdf

and Technology Initiatives ($3 million). PennDOT Metric Highlights Pandemic likely has significant and long-term implications for the department ▪ Gasoline consumption is down by roughly 10% ▪ The department scaled back construction lettings in CY 2020 due to reduced revenues ▪ Public transit

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PBB_2019_DGS_Report.pdf

for facilities managed by DGS. This measure is comparable to industry averages from the Commer- cial Buildings Energy Consumption Survey (last revised in December 2012). The average site En- ergy Use Intensity (EUI) for an office building in the U.S

Hits: 1

PA_Assoc_of_Community_Bankers_Presentation_2020_12.pdf

government. Source: U.S. Bureau of Labor Statistics. COVID-19 Produces Permanent Structural Changes Telecommuting and remote working  Gasoline consumption down ~10% | ~$1.5 billion spending (redirected)  Excess supply in commercial real estate rental market  Less business travel

Hits: 1

PASBO_March_17_2021.pdf

entertainment, remodels Remote working is here to stay  Impacts restaurants, dry cleaners, formal/business casual clothing sales  Gasoline consumption down 10% for FY 2020-21 Businesses tighten belts  Operations and procurement | travel and meals/entertainment | leased space March

Hits: 1

Municipal_Analysts_Presentation.pdf

How did we get here? Demographic Outlook.  Suggests economic and budgetary challenges. Economic Outlook.  Solid labor market, but consumption tepid. Budget Outlook.  Revenue and expenditures. Pensions. Gaming. General Fund Balance Sheet Growth Rates 13-14 14-15 15-

Hits: 1

MTR-2019-09.pdf

9 61.8 -15.9 Financial Institution 9.5 9.7 11.4 11.4 -1.4 -0.0 Total Consumption Taxes 1,090.3 1,049.8 3,226.5 3,232.5 3.9 -0.2 Sales and Use

Hits: 1

MTR-2019-08.pdf

7 -48.2 -16.7 Financial Institution 1.4 1.3 1.9 1.7 9.5 7.7 Total Consumption Taxes 1,116.4 1,064.7 2,136.2 2,182.8 4.9 -2.1 Sales and Use

Hits: 1

MTR-2019-07.pdf

7 -15.1 -15.1 Financial Institution 0.4 0.4 0.4 0.4 2.2 2.2 Total Consumption Taxes 1,019.8 1,118.0 1,019.8 1,118.0 -8.8 -8.8 Sales and Use

Hits: 1

MTR-2019-06.pdf

9 -1.2 -1.5 Financial Institution 4.2 13.9 380.1 371.3 -69.7 2.4 Total Consumption Taxes 1,118.3 1,124.5 12,753.8 12,094.4 -0.6 5.5 Sales and Use

Hits: 1

MTR-2019-05.pdf

0 -46.5 -1.4 Financial Institution 0.6 0.9 375.9 357.5 -34.6 5.2 Total Consumption Taxes 1,087.1 1,023.9 11,635.5 10,969.8 6.2 6.1 Sales and Use

Hits: 1

MTR-2019-04.pdf

2 -18.9 -1.1 Financial Institution 3.6 2.1 375.3 356.5 72.3 5.3 Total Consumption Taxes 1,111.2 1,026.2 10,548.4 9,945.9 8.3 6.1 Sales and Use

Hits: 1

MTR-2019-03.pdf

0 -1.6 0.5 Financial Institution 334.0 326.4 371.7 354.4 2.3 4.9 Total Consumption Taxes 939.8 923.9 9,437.2 8,919.7 1.7 5.8 Sales and Use - Total 820

Hits: 1

MTR-2019-02.pdf

1 26.8 14.0 Financial Institution 0.8 2.9 37.8 28.0 -71.0 34.8 Total Consumption Taxes 886.7 860.6 8,497.4 7,995.8 3.0 6.3 Sales and Use - Total 760

Hits: 1

MTR-2019-01.pdf

2 -2.9 11.6 Financial Institution 15.1 0.6 36.9 25.1 n.a. 46.9 Total Consumption Taxes 1,103.4 1,019.1 7,610.7 7,135.2 8.3 6.7 Sales and Use

Hits: 1

MTR-2018-12.pdf

0 -81.7 38.2 Financial Institution 6.3 5.0 21.9 24.5 25.5 -10.8 Total Consumption Taxes 1,110.7 1,073.5 6,507.3 6,116.2 3.5 6.4 Sales and Use

Hits: 1

MTR-2018-11.pdf

9 -36.1 105.3 Financial Institution 1.5 3.3 15.6 19.5 -54.9 -20.1 Total Consumption Taxes 1,064.4 991.9 5,396.6 5,042.6 7.3 7.0 Sales and Use - Total

Hits: 1

MTR-2018-10.pdf

3 -72.7 113.7 Financial Institution 2.7 0.4 14.1 16.2 517.5 -12.9 Total Consumption Taxes 1,099.7 1,025.9 4,332.2 4,050.7 7.2 7.0 Sales and Use

Hits: 1

MTR-2018-1.pdf

9 9.2 46.5 Financial Institutions 0.6 1.6 25.1 21.7 -61.0 15.6 Total Consumption Taxes 1,019.1 1,045.0 7,135.2 6,890.5 -2.5 3.6 Sales and Use

Hits: 1

MTR-2018-09.pdf

9 32.8 121.3 Financial Institution 9.7 14.7 11.4 15.7 -34.3 -27.5 Total Consumption Taxes 1,049.8 1,003.9 3,232.5 3,024.8 4.6 6.9 Sales and Use

Hits: 1

MTR-2018-08.pdf

7 -89.1 122.8 Financial Institution 1.3 0.7 1.7 1.0 81.0 68.3 Total Consumption Taxes 1,064.7 987.5 2,182.8 2,020.9 7.8 8.0 Sales and Use - Total

Hits: 1

MTR-2018-07.pdf

5 n.a. n.a. Financial Institution 0.4 0.3 0.4 0.3 39.2 39.2 Total Consumption Taxes 1,118.0 1,033.4 1,118.0 1,033.4 8.2 8.2 Sales and Use

Hits: 1

MTR-2018-06.pdf

4 -814.1 4.0 Financial Institution 13.9 5.9 371.3 322.5 134.5 15.1 Total Consumption Taxes 1,124.5 1,155.5 12,094.4 11,736.2 -2.7 3.1 Sales and Use

Hits: 1

MTR-2018-05.pdf

1 87.8 7.1 Financial Institution 0.9 0.8 357.5 316.6 24.1 12.9 Total Consumption Taxes 1,023.9 971.9 10,969.8 10,580.7 5.3 3.7 Sales and Use - Total

Hits: 1

MTR-2018-04.pdf

6 35.4 6.8 Financial Institution 2.1 5.2 356.5 315.9 -60.0 12.9 Total Consumption Taxes 1,026.2 983.3 9,945.9 9,608.8 4.4 3.5 Sales and Use - Total

Hits: 1

MTR-2018-03.pdf

4 7.4 4.8 Financial Institution 326.4 287.8 354.4 310.7 13.4 14.1 Total Consumption Taxes 923.9 909.1 8,919.7 8,625.5 1.6 3.4 Sales and Use - Total 787

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MTR-2018-02.pdf

9 -70.4 -9.2 Financial Institution 2.9 1.2 28.0 22.9 144.5 22.3 Total Consumption Taxes 860.6 825.8 7,995.8 7,716.4 4.2 3.6 Sales and Use - Total 734

Hits: 1

MTR-2017-12.pdf

3 358.4 294.5 Financial Institutions 5.0 6.6 24.5 20.2 -23.8 21.6 Total Consumption Taxes 1,073.5 1,012.1 6,116.2 5,845.5 6.1 4.6 Sales and Use

Hits: 1

MTR-2017-11.pdf

0 374.6 265.9 Financial Institutions 3.3 1.0 19.5 13.6 219.7 43.7 Total Consumption Taxes 991.9 931.4 5,042.6 4,833.3 6.5 4.3 Sales and Use 837.4

Hits: 1

MTR-2017-10.pdf

10 3 2 191.1 261.0 Financial Institutions 0 0 0 16 13 14 188.9 29.0 Total Consumption Taxes 1,026 1,036 976 4,051 3,902 3,790 -1.0 3.8 Sales and Use - Total

Hits: 1

MTR-2017-09.pdf

10 3 2 -85.0 200.4 Financial Institutions 15 8 14 16 12 14 80.1 27.0 Total Consumption Taxes 1,004 958 898 3,025 2,866 2,814 4.8 5.5 Sales and Use - Total 840

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MTR-2017-08.pdf

10 2 1 480.0 340.3 Financial Institutions 1 1 1 1 4 1 (3.2) (75.5) Total Consumption Taxes 987 920 921 2,021 1,908 1,916 7.3 5.9 Sales and Use - Total 839 791

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MTR-2017-07.pdf

0 1 0 (21.6) (21.6) Financial Institutions 0 3 0 0 3 0 (91.0) (91.0) Total Consumption Taxes 1,033 987 995 1,033 987 995 4.7 4.7 Sales and Use - Total 913 892 902

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MTR-2017-06.pdf

7 Financial Institutions 5.9 3.0 10.3 322.5 330.0 294.1 97.2 -2.3 Total Consumption Taxes 1,155.5 1,030.1 1,044.3 11,736.9 11,079.7 10,779.2 12

Hits: 1

MTR-2017-05.pdf

8 Financial Institutions 0.8 0.1 0.2 316.6 327.0 283.8 513.6 -3.2 Total Consumption Taxes 972.6 902.6 857.9 10,581.4 10,049.6 9,734.9 7.8 5.3

Hits: 1

MTR-2017-04.pdf

5 Financial Institutions 5.2 2.1 2.7 315.9 326.9 283.6 149.3 -3.4 Total Consumption Taxes 983.3 952.3 936.2 9,608.8 9,147.0 8,877.0 3.3 5.0

Hits: 1

MTR-2017-03.pdf

4 Financial Institution 287.8 288.8 252.8 310.7 324.8 280.9 -0.3 -4.3 Total Consumption Taxes 909.1 849.2 793.2 8,625.5 8,194.7 7,940.8 7.1 5.3

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MTR-2017-02.pdf

4 Financial Institution 1.2 12.6 0.5 22.9 36.0 28.1 -90.6 -36.4 Total Consumption Taxes 825.8 761.7 746.4 7,716.4 7,345.5 7,147.6 8.4 5.0

Hits: 1

MTR-2017-01.pdf

0 Financial Institution 1.6 -11.3 0.1 21.7 23.5 27.6 114.0 -7.3 Total Consumption Taxes 1,045.0 963.4 919.6 6,890.5 6,583.7 6,401.2 8.5 4

Hits: 1

MTR-2016-12.pdf

9 Financial Institution 6.6 19.5 7.7 20.2 34.7 27.5 -66.2 -42.0 Total Consumption Taxes 1,012.1 958.0 938.0 5,845.5 5,620.4 5,481.6 5.7 4

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MTR-2016-11.pdf

8% Financial Institution 1.0 0.9 0.5 13.6 15.3 19.9 13.8% -11.1% Total Consumption Taxes 931.4 872.7 863.4 4,833.3 4,662.4 4,543.6 6.7% 3.7%

Hits: 1

MTR-2016-10.pdf

9 Financial Institution 0.1 0.1 3.1 12.5 14.3 19.4 46.6 -12.7 Total Consumption Taxes 1,036.1 975.6 926.2 3,901.9 3,789.7 3,680.2 6.2 3

Hits: 1

MTR-2016-09.pdf

7 Financial Institution 8.2 13.6 15.4 12.4 14.2 16.3 -40.3 -13.1 Total Consumption Taxes 958.2 898.0 893.5 2,865.8 2,814.1 2,754.0 6.7 1.8

Hits: 1

MTR-2016-08.pdf

5 Financial Institution 0.7 0.6 0.5 4.2 0.6 0.9 26.6 609.7 Total Consumption Taxes 920.4 920.9 907.3 1,907.6 1,916.0 1,860.4 -0.1 -0.4

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MTR-2016-06.pdf

Other Sel. Business 0.9 0.3 0.9 4.5 4.3 9.6 242.7 5.2 Total Consumption Taxes 1,030.1 1,044.3 1,003.1 11,079.7 10,779.2 10,452.5 -1

Hits: 1

MTR-2016-05.pdf

Other Sel. Business 0.4 0.3 0.2 3.6 4.0 8.6 32.2 -10.9 Total Consumption Taxes 902.6 857.9 874.0 10,049.6 9,734.9 9,449.5 5.2 3.2

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MTR-2016-04.pdf

Other Sel. Business 0.1 0.5 3.9 3.2 3.7 8.4 -86.0 -14.4 Total Consumption Taxes 952.3 936.2 900.4 9,147.0 8,877.0 8,575.4 1.7 3.0

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MTR-2016-03.pdf

Other Sel. Business 0.9 0.9 1.5 3.1 3.2 4.5 4.2 -2.4 Total Consumption Taxes 849.2 793.2 783.5 8,194.7 7,940.8 7,675.1 7.1 3.2

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MTR-2016-01.pdf

Other Sel. Business -1.1 0.2 0.2 2.0 1.9 2.5 -551.5 5.2 Total Consumption Taxes 963.4 919.6 894.6 6,583.7 6,401.2 6,169.6 4.8 2.9

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MTR-2015-11.pdf

Other Sel. Business 0.0 0.1 0.1 1.8 1.6 2.2 -63.4 12.3 Total Consumption Taxes 872.7 863.4 848.8 4,662.4 4,543.6 4,381.1 1.1 2.6

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MTR-2015-10.pdf

Other Sel. Business 0.0 0.4 0.4 1.7 1.4 2.1 -95.6 18.6 Total Consumption Taxes 975.6 926.2 896.1 3,789.7 3,680.2 3,532.3 5.3 3.0

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MTR-2015-09.pdf

Other Sel. Business 0.9 0.5 1.3 1.7 1.1 1.7 75.6 60.1 Total Consumption Taxes 898.0 893.5 848.5 2,814.1 2,754.0 2,636.2 0.5 2.2

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MTR-2015-08.pdf

Other Sel. Business 0.7 0.2 0.3 0.7 0.5 0.4 194.4 44.2 Total Consumption Taxes 920.9 907.3 882.8 1,916.0 1,860.4 1,787.7 1.5 3.0

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MTR-2015-07.pdf

Other Sel. Business 0.1 0.3 0.2 0.1 0.3 0.2 -74.8 -74.8 Total Consumption Taxes 995.1 953.2 904.9 995.1 953.2 904.9 4.4 4.4 Sales and Use

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MRU_2024_3.pdf

5 4.5 3.2 Financial Institution 335.5 309.1 371.7 345.9 8.5 7.4 Total Consumption Taxes 1,224.6 1,193.8 11,649.7 11,573.0 2.6 0.7 Sales and Use

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MRU_2024_2.pdf

5 -5.3 -5.1 Financial Institution 7.2 14.4 36.2 36.8 -50.5 -1.6 Total Consumption Taxes 1,123.0 1,122.8 10,425.0 10,379.3 0.0 0.4 Sales and Use

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MRU_2024_1.pdf

1 30.1 -4.9 Financial Institution 2.1 0.5 29.0 22.3 329.4 29.9 Total Consumption Taxes 1,395.0 1,352.6 9,302.0 9,256.4 3.1 0.5 Sales and Use

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MRU_2024_05.pdf

3 185.0 5.1 Financial Institution 7.3 3.3 389.8 359.3 123.6 8.5 Total Consumption Taxes 1,323.2 1,254.2 14,185.1 14,071.6 5.5 0.8 Sales and Use

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MRU_2024_04.pdf

4 19.4 4.6 Financial Institution 10.8 10.1 382.5 356.0 6.9 7.4 Total Consumption Taxes 1,212.3 1,244.4 12,862.0 12,817.4 -2.6 0.3 Sales and Use

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MRU_2023_12.pdf

5 162.1 -67.6 Financial Institution 7.4 8.0 26.9 21.8 -8.2 23.2 Total Consumption Taxes 1,326.7 1,326.6 7,907.0 7,903.8 0.0 0.0 Sales and Use

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MRU_2023_11.pdf

9 765.3 -73.5 Financial Institution (0.1) 1.5 19.5 13.8 -105.6 41.4 Total Consumption Taxes 1,241.9 1,255.7 6,580.3 6,577.2 -1.1 0.0 Sales and Use

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MRU_2023_10.pdf

8 n.a. -75.8 Financial Institution 6.7 0.5 19.6 12.3 n.a. 59.4 Total Consumption Taxes 1,403.1 1,398.9 5,338.5 5,321.5 0.3 0.3 Sales and Use

Hits: 1

MRU_2023_09.pdf

5 -5.6 -97.0 Financial Institution 10.4 9.9 12.9 11.8 5.1 9.3 Total Consumption Taxes 1,273.2 1,279.7 3,935.4 3,922.6 -0.5 0.3 Sales and Use

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MRU_2023_08.pdf

5 -17.2 -100.7 Financial Institution (2.3) 1.4 2.5 1.9 -257.6 30.7 Total Consumption Taxes 1,278.0 1,304.2 2,662.2 2,642.9 -2.0 0.7 Sales and Use

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MRU_2023_07.pdf

9 -102.7 -102.7 Financial Institution 4.8 0.5 4.8 0.5 848.7 848.7 Total Consumption Taxes 1,384.2 1,338.6 1,384.2 1,338.6 3.4 3.4 Sales and Use

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MRU_2023_06.pdf

3 n.a. 8.2 Financial Institution 6.5 5.1 365.8 448.8 26.5 -18.5 Total Consumption Taxes 1,351.4 1,360.8 15,423.0 15,391.5 -0.7 0.2 Sales and Use

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MRU_2023_05.pdf

5 322.4 95.4 Financial Institution 3.3 2.9 359.3 443.7 14.5 -19.0 Total Consumption Taxes 1,254.2 1,340.7 14,071.6 14,030.6 -6.5 0.3 Sales and Use

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MRU_2023_02.pdf

9 203.3 37.2 Financial Institution 14.4 9.7 36.8 39.0 48.9 -5.8 Total Consumption Taxes 1,122.8 1,051.9 10,379.3 10,199.0 6.7 1.8 Sales and Use

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MRU_2022_12.pdf

6 303.6 28.8 Financial Institution 8.0 8.5 21.8 28.4 -5.4 -23.2 Total Consumption Taxes 1,326.6 1,337.0 7,903.8 7,791.9 -0.8 1.4 Sales and Use

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MRU_2022_04.pdf

6 21.1 7.5 Financial Institution 7.7 7.6 440.8 407.6 1.3 8.1 Total Consumption Taxes 1,227.9 1,229.9 12,689.9 11,731.0 -0.2 8.2 Sales and Use

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MRU_2022_03.pdf

2 1.6 6.6 Financial Institution 394.0 369.2 433.1 399.9 6.7 8.3 Total Consumption Taxes 1,263.0 1,048.5 11,462.0 10,501.1 20.5 9.2 Sales and Use

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MRU_2022_02.pdf

4 -48.4 36.2 Financial Institution 9.7 9.9 39.0 30.7 -2.0 27.0 Total Consumption Taxes 1,051.9 1,039.3 10,199.0 9,452.6 1.2 7.9 Sales and Use

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MRU_2021_11.pdf

4 312.6 n.a. Financial Institution 0.7 1.0 19.9 10.5 -28.8 89.5 Total Consumption Taxes 1,263.8 1,134.9 6,454.9 6,071.1 11.4 6.3 Sales and Use

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MRU_2021_10.pdf

3 176.8 n.a. Financial Institution 2.2 0.5 19.2 9.5 347.4 101.7 Total Consumption Taxes 1,316.8 1,233.6 5,191.2 4,936.3 6.7 5.2 Sales and Use

Hits: 1

MRU_2021_09.pdf

2 -80.4 n.a. Financial Institution 13.4 7.3 17.0 9.0 84.4 88.3 Total Consumption Taxes 1,284.1 1,140.5 3,874.4 3,702.7 12.6 4.6 Sales and Use

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MRU_2021_08.pdf

7 -10.2 n.a. Financial Institution 3.0 0.4 3.6 1.8 600.3 104.2 Total Consumption Taxes 1,258.9 1,186.9 2,590.3 2,562.2 6.1 1.1 Sales and Use

Hits: 1

MRU_2021_07.pdf

2 n.a. n.a. Financial Institution 0.6 1.3 0.6 1.3 -52.4 -52.4 Total Consumption Taxes 1,331.4 1,375.3 1,331.4 1,375.3 -3.2 -3.2 Sales and Use

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MRU_2021_05.pdf

9 17.9 -3.0 Financial Institution 6.7 0.7 414.2 388.2 847.9 6.7 Total Consumption Taxes 1,300.2 822.4 13,031.2 11,151.1 58.1 16.9 Sales and Use - Total

Hits: 1

MRU_2021_04.pdf

8 0.2 -3.0 Financial Institution 7.6 6.6 407.6 387.5 16.1 5.2 Total Consumption Taxes 1,229.9 646.1 11,731.0 10,328.8 90.3 13.6 Sales and Use - Total

Hits: 1

MRU_2021_03.pdf

5 -2.2 -3.2 Financial Institution 369.2 358.4 399.9 381.0 3.0 5.0 Total Consumption Taxes 1,048.5 944.0 10,501.1 9,682.6 11.1 8.5 Sales and Use - Total

Hits: 1

MRU_2021_02.pdf

6 172.0 -9.1 Financial Institution 9.9 1.1 30.7 22.6 816.0 35.9 Total Consumption Taxes 1,039.3 934.5 9,452.6 8,738.6 11.2 8.2 Sales and Use - Total

Hits: 1

MRU_2021_01.pdf

6 -13.2 -39.8 Financial Institution 6.4 2.1 20.8 21.5 208.7 -3.3 Total Consumption Taxes 1,167.9 1,184.4 8,413.3 7,804.0 -1.4 7.8 Sales and Use

Hits: 1

MRU_2020_11.pdf

8 -36.4 -92.5 Financial Institution 1.0 1.3 10.5 13.7 -24.3 -22.9 Total Consumption Taxes 1,134.9 1,070.0 6,071.1 5,471.0 6.1 11.0 Sales and Use

Hits: 1

MRU-2023-04.pdf

9 132.0 95.0 Financial Institution 10.1 7.7 356.0 440.8 31.0 -19.2 Total Consumption Taxes 1,244.4 1,227.9 12,817.4 12,689.9 1.3 1.0 Sales and Use

Hits: 1

MRU-2023-03.pdf

5 104.8 92.3 Financial Institution 309.1 394.0 345.9 433.1 -21.5 -20.1 Total Consumption Taxes 1,193.8 1,263.0 11,573.0 11,462.0 -5.5 1.0 Sales and Use

Hits: 1

MRU-2023-01.pdf

9 -5.5 4.5 Financial Institution 0.5 0.9 22.3 29.3 -44.1 -23.9 Total Consumption Taxes 1,352.6 1,355.2 9,256.4 9,147.1 -0.2 1.2 Sales and Use

Hits: 1

MRU-2022-11.pdf

4 -83.9 26.6 Financial Institution 1.5 0.7 13.8 19.9 113.1 -30.8 Total Consumption Taxes 1,255.7 1,263.8 6,577.2 6,454.9 -0.6 1.9 Sales and Use

Hits: 1

MRU-2022-10.pdf

0 -23.7 29.0 Financial Institution 0.5 2.2 12.3 19.2 -78.5 -36.1 Total Consumption Taxes 1,398.9 1,316.8 5,321.5 5,191.2 6.2 2.5 Sales and Use

Hits: 1

MRU-2022-09.pdf

6 994.7 30.1 Financial Institution 9.9 13.4 11.8 17.0 -26.4 -30.6 Total Consumption Taxes 1,279.7 1,284.1 3,922.6 3,874.4 -0.3 1.2 Sales and Use

Hits: 1

MRU-2022-08.pdf

5 35.0 25.6 Financial Institution 1.4 3.0 1.9 3.6 -51.8 -46.3 Total Consumption Taxes 1,304.2 1,258.9 2,642.9 2,590.3 3.6 2.0 Sales and Use

Hits: 1

MRU-2022-07.pdf

1 25.4 25.4 Financial Institution 0.5 0.6 0.5 0.6 -21.1 -21.1 Total Consumption Taxes 1,338.6 1,331.4 1,338.6 1,331.4 0.5 0.5 Sales and Use

Hits: 1

MRU-2022-06.pdf

8 -50.8 6.8 Financial Institution 5.1 8.7 448.8 423.0 -41.1 6.1 Total Consumption Taxes 1,360.8 1,341.9 15,391.5 14,373.1 1.4 7.1 Sales and Use

Hits: 1

MRU-2022-05.pdf

9 -48.5 7.3 Financial Institution 2.9 6.7 443.7 414.2 -57.0 7.1 Total Consumption Taxes 1,340.7 1,300.2 14,030.6 13,031.2 3.1 7.7 Sales and Use

Hits: 1

MRU-2022-01.pdf

3 49.3 101.0 Financial Institution 0.9 6.4 29.3 20.8 -86.3 40.7 Total Consumption Taxes 1,355.2 1,167.9 9,147.1 8,413.3 16.0 8.7 Sales and Use

Hits: 1

MRU-2021-12.pdf

6 -7.1 n.a. Financial Institution 8.5 3.9 28.4 14.4 119.9 97.6 Total Consumption Taxes 1,337.0 1,174.3 7,791.9 7,245.4 13.9 7.5 Sales and Use

Hits: 1

MRU-2021-06.pdf

6 -474.6 -4.6 Financial Institution 8.7 4.6 423.0 392.9 88.3 7.7 Total Consumption Taxes 1,341.9 1,107.2 14,373.1 12,258.3 21.2 17.3 Sales and Use

Hits: 1

MRU-2020-3.pdf

2 3.3 3.6 Financial Institution 358.4 334.0 381.0 371.7 7.3 2.5 Total Consumption Taxes 944.0 939.8 9,682.6 9,437.2 0.5 2.6 Sales and Use - Total 839

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MRU-2020-12.pdf

8 -82.0 -92.0 Financial Institution 3.9 5.8 14.4 19.4 -33.4 -26.0 Total Consumption Taxes 1,174.3 1,148.7 7,245.4 6,619.7 2.2 9.5 Sales and Use

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MRU-2020-10.pdf

6 -43.0 -93.0 Financial Institution 0.5 1.0 9.5 12.3 -48.2 -22.7 Total Consumption Taxes 1,233.6 1,174.5 4,936.3 4,401.0 5.0 12.2 Sales and Use

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MRU-2020-09.pdf

4 31.8 -93.7 Financial Institution 7.3 9.5 9.0 11.4 -23.5 -20.6 Total Consumption Taxes 1,140.5 1,090.3 3,702.7 3,226.5 4.6 14.8 Sales and Use

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MRU-2020-08.pdf

1 -8.2 -96.1 Financial Institution 0.4 1.4 1.8 1.9 -70.4 -5.8 Total Consumption Taxes 1,186.9 1,116.4 2,562.2 2,136.2 6.3 19.9 Sales and Use

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MRU-2020-07.pdf

5 -98.7 -98.7 Financial Institution 1.3 0.4 1.3 0.4 201.4 201.4 Total Consumption Taxes 1,375.3 1,019.8 1,375.3 1,019.8 34.9 34.9 Sales and Use

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MRU-2020-06.pdf

3 110.7 6.6 Financial Institution 4.6 4.2 392.9 380.1 10.4 3.4 Total Consumption Taxes 1,107.2 1,118.3 12,258.3 12,753.8 -1.0 -3.9 Sales and Use

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MRU-2020-05.pdf

6 -26.5 2.7 Financial Institution 0.7 0.6 388.2 375.9 14.4 3.3 Total Consumption Taxes 822.4 1,087.1 11,151.1 11,635.5 -24.4 -4.2 Sales and Use - Total

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MRU-2020-04.pdf

1 -8.4 2.8 Financial Institution 6.6 3.6 387.5 375.3 83.8 3.3 Total Consumption Taxes 646.1 1,111.2 10,328.8 10,548.4 -41.9 -2.1 Sales and Use - Total

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MQRE_FY21_22_August.pdf

11 432 Financial Institutions 1 1 8 1 1 5 1 2 401 5 1 8 435 Total Consumption Taxes 1,330 1,235 1,165 1,203 1,145 1,216 1,192 969 1,039 1,050 1,168

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MQRE_FY20_21_Revised_Feb.pdf

33 2 -14 424 Financial Institutions 1 0 7 1 1 4 1 1 354 4 1 6 382 Total Consumption Taxes 1,375 1,187 1,141 1,234 1,135 1,174 1,194 941 1,021 1,066

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MQRE-FY23-24_Revised_Jan.pdf

81 4 -443 499 Financial Institutions 1 2 11 1 1 8 1 10 290 7 3 10 345 Total Consumption Taxes 1,347 1,307 1,287 1,415 1,247 1,326 1,367 1,104 1,199 1

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MQRE-FY20-21-Aug.pdf

15 447 Financial Institutions 0 1 9 1 1 6 1 1 350 4 1 6 382 Total Consumption Taxes 1,178 1,021 1,008 1,089 1,032 1,144 1,167 939 1,005 1,010 1,130

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MQRE-FY18-19-July.pdf

14 426 Financial Institutions 0 1 16 1 1 8 1 1 321 3 1 9 363 Total Consumption Taxes 1,100 1,027 1,029 1,083 1,003 1,086 1,072 878 946 1,058 1,033 1

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Monthly_Economic_Update_September_2020.pdf

and growth in unemployment insurance which includes Pandemic Unemployment Compensation Payments, Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation. Personal consumption fell 10.0% from the same period in the prior year as the nation responded to the COVID-19 pandemic

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Monthly_Economic_Update_March_2021.pdf

2.0% inflation rate in order to achieve its goal of price stability. This metric, as measured by the Personal Consumption Expenditures Price Index (PCE index) from the U.S. Bureau of Economic Analysis, reflects price changes of goods and services

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Monthly_Economic_Update_June_2022.pdf

more transparent. Compared to June 2021, the (preliminary) average price is now $1.85 per gallon higher. Based on recent consumption trends, the IFO estimates that Pennsylvania drivers will consume roughly 400 million gallons of gasoline in June 2022. At higher

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Monthly_Economic_Update_June_2020.pdf

The large increase in government support temporarily offset the decline in wages and salaries (-8.5%) for the month. Personal consumption fell 16.9% in April as states continued to implement stay-at-home measures to help contain the spread of

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Monthly_Economic_Update_July_2023.pdf

single largest CPI-U component. Excludes maintenance and property taxes. Food At Home (7.6%) Groceries purchased for off-premise consumption. Excludes dining out. Compared to the prior year, inflation for this component fell by more than half (see table). Energy

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Monthly_Economic_Update_August_2023.pdf

a year ago and 1.0% compared to June 2023. Food At Home (7.6%) Groceries purchased for off-premise consumption. Excludes dining out. Grocery prices rose 4.2% compared to July 2022 but declined slightly from the prior month (-0

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Mid_Year_FY16-17_Presentation.pdf

Equipment Investment 4.2% -1.0% -1.6% -4.6% -2.2% Note: Represents Economic Profits, which includes the Capital Consumption Adjustment for depreciation. Excludes foreign profits and Federal Reserve Profits. Includes both C and S corporations. Source: U.S. Bureau

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MER-2015-04.pdf

that the price of crude oil will average $76 per barrel in 2018. Over that same time period, motor gasoline consumption in the U.S. is expected to decrease by 20 percent because of high‐ er fuel efficiency standards for vehicles

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MER-2014-12.pdf

Central Atlantic average retail price for gasoline during that time period was approximately $3.56 (all formulations). This implies annual consumption of 1,011 gallons, or roughly 20 gallons per week. The latest weekly data for December reveal a price that

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MER-2014-02.pdf

4% 5.5% 5.6% 5.5% February 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Snapshot: Consumption and the Economy In recent testimony, newly appointed Federal Re‐ serve Chair Janet Yellen informed Congress that the economy has

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Impact_Fee_Update_Outlook_2021.pdf

winter (January to March 2020) and the COVID-19 pandemic. According to the U.S. Energy Information Administration (EIA), national consumption of natural gas declined by 2.0% in CY 2020, the first annual decline since CY 2009. These market conditions

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Impact-Fee-Update-Outlook-2020.pdf

due to a mild winter and the COVID-19 pandemic. The U.S. Energy Information Administration (EIA) projects that national consumption of natural gas will decline by 4 percent in CY 2020, the first annual decline since CY 2009. These market

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IFO_Revenue_Estimate_2013-14_Mid-Year_Update.pdf

2014, the revisions could prove to be conservative. However, marked improvement in jobs and wages, increased business investment and higher consumption of taxable goods and services would signal more sustainable growth and a better revenue outlook. Author: mryan CreationDate: 2014-01-

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IFO ppt.pdf

Office Economic & Budget Outlook 2012 Revenue Conference Sales and Use Tax • Long-term – gradual erosion of the tax base as consumption shifts to nontaxable goods and services. Increasing remote sales pose a challenge for revenue collection. • Short-term – collections for the

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House_Appropriation_Response_Letter_3_17_2021.pdf

most researchers note an increase in traffic-related fatalities after recreational marijuana legalization, results are mixed on whether increased marijuana consumption is a statistically significant factor that causes an increase in the number of fatal crashes. For example, Hansen et al

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Five_Year_Outlook_Presentation_2021.pdf

Revenue Gains Real (structural) ▪ Remote work – productivity ▪ Higher profit margins (less travel, higher productivity) ▪ Shift to taxable purchases ▪ Lower gasoline consumption Inflationary ▪ Assets: Stock market and home values ▪ Higher prices (cars, durables) ▪ Potential wage-price spiral (too early, not assumed) November

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Five_Year_Outlook_2022.pdf

follows: ▪ Over several years, the Federal Reserve achieves its target inflation rate of 2.0%, as measured by the personal consumption expenditures price index. Based on historical trends, the more widely used consumer price index (CPI-U) would increase at a

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Economic_and_Revenue_Update_2020_10.pdf

Premiums 447 -5.6 437 -7.7 -10 Financial Institutions 382 -2.9 372 -5.4 -10 Total Consumption Taxes 12,896 5.2 13,426 9.5 530 Sales and Use 11,452 5.9 11,942 10.4 490

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CompetePA_March_11_2021.pdf

entertainment, remodels Remote working is here to stay  Impacts restaurants, dry cleaners, formal/business casual clothing sales  Gasoline consumption down 10% for FY 2020-21 Businesses tighten belts  Operations and procurement | travel and meals/entertainment | leased space March

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2018_Mid-Year_Update.pdf

States 2017.1 2017.2 2017.3 2017.4 Real GDP 1.2% 3.1% 3.2% 2.6% Personal Consumption 1.9% 3.3% 2.2% 3.8% Domestic Investment -1.2% 3.9% 7.3% 3.6% Government Expenditures

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2013-08 Monthly Economic Summary.pdf

Gross domestic product is a measure of total final output and is calculated by summing a country’s investment, private consumption, government spending and net exports (exports minus imports). Despite the wide use of GDP, the measure has limitations. For example

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2000_cost_of_living_adjustments.pdf

consider changes in the quality of goods and services over time, and the failure to adequately respond to changing consumer consumption patterns. It has been criticized specifically with respect to its utilization in determining cost-of-living postretirement adjustments because its

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