Search Results

Your search for contract returned 261 results.
UGSOA Wage Contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the United Government Security Officers of America (UGSOA).

Tags: contract, wage

PSEA Wage Contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State  Education Association (PSEA), Non-Tenured Teachers Unit.

Tags: contract, wage

PSCOA Wage Contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State Corrections Officers Association (PSCOA).

Tags: contract, wage

SEIU Local 668 UC Referees Unit Wage Contract Analysis

The Independent Fiscal Office (IFO) has issued a cost analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Service Employees International Union (SEIU) Local 668 Unemployment Compensation (UC) Referees.

Tags: contract, wage

CIVEA Wage Contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Correctional Vocational Education Association (CIVEA).

Tags: contract, wage

2019 Wage contracts Summary Table

This table provides an up-to-date summary of the recent wage contracts analyzed by the IFO. Additional estimates will be provided after the relevant contract detail has been transmitted to the IFO by the Office of Administration.

11/12/2020

UGSOA Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the United Government Security Officers of America (UGSOA).

11/12/2020

PSEA Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State  Education Association (PSEA), Non-Tenured Teachers Unit.

07/02/2020

PSCOA Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State Corrections Officers Association (PSCOA).

06/26/2020

SEIU Local 668 UC Referees Unit Wage contract Analysis

The Independent Fiscal Office (IFO) has issued a cost analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Service Employees International Union (SEIU) Local 668 Unemployment Compensation (UC) Referees.

05/07/2020

CIVEA Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Correctional Vocational Education Association (CIVEA).

02/27/2020

ALES Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Association of Liquor Enforcement Officers (ALES).

11/06/2019

OPEIU Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Office and Professional Employees International Union (OPEIU).

11/06/2019

PDA Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania Doctors Alliance (PDA).

11/06/2019

SEIU Healthcare Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Service Employees International Union (SEIU), Healthcare.

11/06/2019

PLEA Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania Liquor Enforcement Association (PLEA).

10/11/2019

FOSCEP Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Federation of State Cultural and Educational Professionals (FOSCEP).

10/11/2019

Management and Non-Represented Wage contract Analysis

In response to a legislative request, the Independent Fiscal Office (IFO) has issued a cost analysis that assumes management and non-represented employees will receive salary increases consistent with the new collective bargaining agreements.

09/25/2019

ISSU Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Independent State Stores Union (ISSU).

09/13/2019

UFCW Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and UFCW.

08/13/2019

SEIU Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and SEIU.

08/13/2019

AFSCME Wage contract Analysis

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and AFSCME.

08/13/2019

UGSOA Wage contract Analysis

Section 604-B(a)(8) of Act 100 of 2016 (Act of July 20, 2016, P.L. 849, No. 100) requires the Independent Fiscal Office (IFO) to: Provide a cost analysis for the current fiscal year and remaining subsequent fiscal years of the impact of each proposed collective bargaining agreement under the jurisdiction of the Governor prior to execution, including the costs to cover public employee wages, benefits, pensions and working conditions that have been reduced in writing under section 701 of the act of July 23, 1970 (P.L. 563, No. 195), known as the Public Employe Relations Act.

03/08/2018

ALES Wage contract Analysis

Section 604-B(a)(8) of Act 100 of 2016 (Act of July 20, 2016, P.L. 849, No. 100) requires the Independent Fiscal Office (IFO) to: Provide a cost analysis for the current fiscal year and remaining subsequent fiscal years of the impact of each proposed collective bargaining agreement under the jurisdiction of the Governor prior to execution, including the costs to cover public employee wages, benefits, pensions and working conditions that have been reduced in writing under section 701 of the act of July 23, 1970 (P.L. 563, No. 195), known as the Public Employe Relations Act.

02/16/2018

PDA Wage contract Analysis

Pursuant to section 604-B(a)(8) of the Administrative Code of 1929, the Independent Fiscal Office has prepared a cost analysis of the collective bargaining agreements between the Commonwealth of Pennsylvania and the Pennsylvania Doctors Alliance (PDA).

10/02/2017

PLEA Wage contract Analysis

Pursuant to section 604-B(a)(8) of the Administrative Code of 1929, the Independent Fiscal Office has prepared a cost analysis of the collective bargaining agreements between the Commonwealth of Pennsylvania and the Pennsylvania Liquor Enforcement Association (PLEA).

07/05/2017

ISSU & PSSU Wage contracts Analysis

Pursuant to section 604-B(a)(8) of the Administrative Code of 1929, the Independent Fiscal Office has prepared a cost analysis of the collective bargaining agreements between the Commonwealth of Pennsylvania and the following unions: Independent State Stores Union (ISSU) Pennsylvania Social Services Union (PSSU), Hearing Officers

03/08/2017

PFBC Wage contract Analysis

Section 604-B(a)(8) of Act 100 of 2016 (Act of July 20, 2016, P.L. 849, No. 100) requires the Independent Fiscal Office (IFO) to: Provide a cost analysis for the current fiscal year and remaining subsequent fiscal years of the impact of each proposed collective bargaining agreement under the jurisdiction of the Governor prior to execution, including the costs to cover public employee wages, benefits, pensions and working conditions that have been reduced in writing under section 701 of the act of July 23, 1970 (P.L. 563, No. 195), known as the Public Employe Relations Act.

02/02/2017

AFSCME Wage contract Analysis

Section 604-B(a)(8) of Act 100 of 2016 (Act of July 20, 2016, P.L. 849, No. 100) requires the Independent Fiscal Office (IFO) to: Provide a cost analysis for the current fiscal year and remaining subsequent fiscal years of the impact of each proposed collective bargaining agreement under the jurisdiction of the Governor prior to execution, including the costs to cover public employee wages, benefits, pensions and working conditions that have been reduced in writing under section 701 of the act of July 23, 1970 (P.L. 563, No. 195), known as the Public Employe Relations Act.

09/27/2016

SEIU Wage contract Analysis

Section 604-B(a)(8) of Act 100 of 2016 (Act of July 20, 2016, P.L. 849, No. 100) requires the Independent Fiscal Office (IFO) to: Provide a cost analysis for the current fiscal year and remaining subsequent fiscal years of the impact of each proposed collective bargaining agreement under the jurisdiction of the Governor prior to execution, including the costs to cover public employee wages, benefits, pensions and working conditions that have been reduced in writing under section 701 of the act of July 23, 1970 (P.L. 563, No. 195), known as the Public Employe Relations Act.

09/27/2016

2013_special_report_funding_and_reforming_public_employee_retirement_systems.pdf

statute or local ordinance) and subject to the constitutional proscription against the adoption of laws that impair the obligation of contracts. The extent of those constitutional protections vary significantly from state to state. Under the Public Employee Retirement Commission Act (Act 1, section 17, of the Pennsylvania Constitution provides:No ex post facto law, nor any law impairing the obligation of contracts, or making irrevocable any grant of special privileges or immunities, shall be passed. In Retirement Board of Allegheny County v

Hits: 64

2006_surviving_spouse_healthcare_study.pdf

Blue Cross, Highmark Blue Shield, and various Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), and Medicare Advantage Plans. These contracted health carriers are responsible for the day-to-day administration and payment of the health claims submitted by healthcare providers or retirees and dependents according to the contracted plan provisions. The REHP also pays Medicare Supplemental and Major Medical claims for retirees who are eligible for and covered

Hits: 43

PBB_2019_DGS_Report.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of thank the agency staff that provided considerable input to this review. Questions and comments can be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 39

2007_divestment_complete_report.pdf

company” is defined as a company that meets any of the following criteria: • The company has business operations that involve contracts with or provision of supplies or services to the government of Sudan, companies in which the government of Sudan has related activities or mineral-extraction activities; less than 75% of the company’s revenues or assets linked to Sudan involve contracts with or provision of oil-related or mineral-extracting products or services to the regional government of southern Sudan or

Hits: 36

Five_Year_Outlook_2020.pdf

Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 717-230-8293 | contact@ifo.state.pa.us | www.ifo.state.pa.us Staff Acknowledgements Brenda Warburton, Deputy Director Stacey Knavel, Principal Revenue Analyst blank. - Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE January 21, 2021 The Honorable Members of the Pennsylvania General Assembly: Section 604-

Hits: 35

ACN_SB1071_A10803_text.pdf

the fund will be deemed to be an impairment of the contractual right of such member. (2) Any claim of contract impairment shall be brought against the employer of the member for whom contributions were not paid and neither the board provision of law, the Pennsylvania Supreme Court shall have exclusive jurisdiction to do as follows: (1) hear any claim of contract impairment for failure to pay certified contributions; (2) render a declaratory judgment or take such other action as it deems

Hits: 35

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

the minimum funding standard for a municipal pension plan that has defined benefits that are not fully guaranteed through insurance contracts, and section 303 (53 P.S. § 895.303) establishes the minimum funding standard for a municipal pension plan that either has a defined contribution system or has defined benefits that are fully guaranteed through insurance contracts. The procedure to determine the annual financial requirement of a municipal retirement system is also specified in chapter 3 of

Hits: 33

Revenue-Estimate-2020-05.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE May 26, 2020 The Honorable Members of the Pennsylvania General Assembly: The Independent Fiscal Office

Hits: 32

Official-Revenue-Estimate-2020-06.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE June 22, 2020 The Honorable Members of the Pennsylvania General Assembly: The Independent Fiscal Office

Hits: 31

Five_Year_Outlook_2019.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE November 14, 2019 The Honorable Members of the Pennsylvania General Assembly: Section 604-B (a

Hits: 21

PBB_2019_Criminal_Justice_Report.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of thank the agency staff that provided considerable input to this review. Questions and comments can be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 19

2002_dbdc_report.pdf

differences between the DB and DC approaches and thereby facilitate an understanding of each approach, Chart I was compiled to contrast the general characteristics of the DB and DC approaches. However, due to the wide variation in the design and administrative to either a DB or DC plan, including any liability for poor investment performance in a DC plan and possible contract impairment issues.” – House Resolution No. 266 The Commission requested the assistance of the legal staffs of SERS and PSERS in

Hits: 15

Single-Use Plastics Report-2020_06.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE June 30, 2020 The Honorable Members of the Pennsylvania General Assembly: Act 20 of 2019

Hits: 14

Economic_and_Revenue_Update_2020.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE February 18, 2020 Dear Chairmen and Members of the House and Senate Appropriations appropriation of $2.34 million for the office. That amount includes $200,000 of dedicated funding for work related to contracted actuarial analysis. Mission Statement The Independent Fiscal Office (IFO) provides revenue projections for use in the state budget process along

Hits: 14

TC_2020_Research and Development Tax Credit.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE January 21, 2020 The Honorable Members of the Performance-Based Budget Board and Chairs of

Hits: 13

Revenue-Proposal-Analysis-2019-03.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of provided input for this report. Questions or comments regarding the contents of this report may be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 12

IFO_Hearing_Packet_Feb2018.pdf

2018 Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE February 20, 2018 Dear Chairmen and Members of the House and Senate Appropriations Budget proposes an appropriation of $2.226 million for the office. That amount includes $200,000 for work related to contracted actuarial analysis, and those funds are dedicated to that purpose. A statement that details the actual and projected utilization of

Hits: 11

IFO - Economic and Budget Outlook - January 2012.pdf

17, revenues will increase by 4.0 percent per annum. 2 • The Pennsylvania tax base will continue its long-term contraction due to demographic factors. General Fund Expenditure Trends Based on demographic and economic forecasts: • General Fund expenditures will outpace revenues show that net loans to businesses have increased modestly the past two quarters. While non-financial firms endured this credit contraction, they also faced a precipitous drop in sales volume. Firms responded by reducing labor costs and postponing investment to preserve

Hits: 11

Demographics_Outlook_2020.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE September 8, 2020 The Honorable Members of the Pennsylvania General Assembly: Section 604-B (a

Hits: 11

Independent Fiscal Office

Independent Fiscal Office IFO • Latest Releases • Data • Calendar • Right-to-Know • About • About IFO • Contact IFO • Email Subscription • Links • Follow on Twitter • • Independent Fiscal Office Revenue Estimates Revenue & Economic Update Performance Budgeting Natural Gas Pension Analysis Property Tax Wage Contracts Tax Credit Review News Stand & Other Featured Releases School Property Tax and Act 1 Index Property Tax February 25, 2021 Knittel made a presentation to the Harrisburg Trade Association Executives and the PICA 2020 Fall Conference. ... (Full Report) UGSOA Wage Contract Analysis Wage Contracts November 12, 2020 This letter provides a fiscal impact analysis of the collective bargaining agreement between the

Hits: 11

Revenue-Estimate-2019-05.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of is released. Questions or comments regarding the contents of this report are welcome and can be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 10

Revenue-Proposal-Analysis-2018-04.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of provided input to this analysis. Questions or comments regarding the contents of this analysis may be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director - This page intentionally left blank. - Table of Contents Introduction ................................................................................................................ 1 Tax and Revenue

Hits: 9

Official-Revenue-Estimate-2019-06.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE June 21, 2019 The Honorable Members of the Pennsylvania General Assembly: The Independent Fiscal Office

Hits: 9

MER-2014-09.pdf

as well as many other federal agencies. Over the past decade, the number of federal payroll jobs in Pennsylvania has contracted by roughly 12,000, or ‐1.2 percent per annum. (See table below.) Nearly all of the reduction occurred in the Postal Ser‐ vice, which contracted by 11,900 payroll jobs (‐3.5 percent per annum). The employment contraction for the Postal Service has been steady

Hits: 9

Economic_and_Revenue_Update_2020_10.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE October 29, 2020 The Honorable Members of the Pennsylvania General Assembly: The Independent Fiscal Office

Hits: 9

Budget Hearings Packet.pdf

Budget proposes an appropriation of $2.076 million for the office. That amount includes $200,000 for work related to contracted actuarial analysis, and those funds are dedicated to that purpose. A statement that details the actual and projected utilization of 2016) • Natural Gas Production Report Quarter 2 (August 2016) • Using Performance Measures in the State Budget (September 2016) • AFSCME Wage Contract Analysis (September 2016) • SEIU Wage Contract Analysis (September 2016) • Actuarial Note Transmittal for A10803 to Senate Bill 1071 (October 2016

Hits: 9

Budget Hearings Packet- Web Version.pdf

Budget proposes an appropriation of $2.076 million for the office. That amount includes $200,000 for work related to contracted actuarial analysis, and those funds are dedicated to that purpose. A statement that details the actual and projected utilization of 2016) • Natural Gas Production Report Quarter 2 (August 2016) • Using Performance Measures in the State Budget (September 2016) • AFSCME Wage Contract Analysis (September 2016) • SEIU Wage Contract Analysis (September 2016) • Actuarial Note Transmittal for A10803 to Senate Bill 1071 (October 2016

Hits: 9

TC_2019_Film_Production_Tax_Credit_Report.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of welcomes all questions and comments on the contents of this report. Questions and comments can be sent to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 8

PBB_2020_DHS_REPORT_Final_Updated.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE January 21, 2020 The Honorable Members of the Pennsylvania Performance-Based Budget Board: Act 48

Hits: 8

Wage_Contracts_PDA.pdf

Rachel Carson State Office Building, 400 Market Street Harrisburg, PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE October 2, 2017 The Honorable Joseph B. Scarnati, III The Honorable Mike Turzai benefit rate of 40% implies that those costs increase by 40 cents for each dollar increase in wages. 1 The contract between the Commonwealth and the PDA covering the period July 1, 2012 through June 30, 2016 required the Office of

Hits: 7

Revenue-Proposal-Analysis-2020-04.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of or input for this report. Questions or comments regarding the contents of this report can be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 7

PBB_2020_PEMA_REPORT.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE January 16, 2020 The Honorable Members of the Pennsylvania Performance-Based Budget Board: Act 48

Hits: 7

PBB_2020_DEP_Report.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of thank the agency staff that provided considerable input to this review. Questions and comments can be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 7

MTR-2017-06.pdf

year. 1 The table below shows the change in Pennsylvania employment for the sectors that recorded the largest gains and contractions in 2016, as well as the change for those sectors in the prior year. The health care sector added the home health care services and services for the elderly and disabled, which have expanded under the Affordable Care Act. In contrast, the manufacturing and mining sectors declined by 8,861 and 8,768 jobs, respectively. For manufacturing, the decline was a

Hits: 7

IFO_Hearing_Packet_Feb2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE February 8, 2019 Dear Chairmen and Members of the House and Senate Appropriations Budget proposes an appropriation of $2.293 million for the office. That amount includes $200,000 for work related to contracted actuarial analysis, and those funds are dedicated to that purpose. A statement that details the actual and projected utilization of

Hits: 7

Economic_and_Revenue_Update_2021.pdf

Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 717-230-8293 | contact@ifo.state.pa.us | www.ifo.state.pa.us - This page intentionally left blank. - Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE February 16, 2021 Dear Chairmen and Members of the House Appropriations Committees: Thank

Hits: 7

TC_2020_Organ and Bone Marrow Donation Tax Credit.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE January 16, 2020 The Honorable Members of the Performance-Based Budget Board and Chairs of

Hits: 6

PDA Wage Contract Analysis- 2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE November 6, 2019 The Honorable Joseph B. Scarnati, III The Honorable Mike Turzai Under these changes, those with 20 or more years of service will receive an additional $5,000 in the first contract year. For the remaining contract years, all QAP payments will increase by $2,000. The Office of Administration estimates that

Hits: 6

MTR-2016-01.pdf

sector (includes logging) recorded the most dramatic expansion, adding 15,300 payroll jobs (72.4% increase) since 2007. A recent contraction in the coal mining subsector was more than offset by gains in natural gas extraction. The mining sector now comprises hospitality sector (includes food service) also recorded significant gains, adding 49,800 payroll jobs (10.0%). For the sectors that contracted, manufacturing recorded the largest relative and absolute decline, contracting by 91,200 payroll jobs (-13.8%). However, since 2010, the

Hits: 6

IFO_Hearing_8-30-2017.pdf

18 contains an appropriation of $2.226 million for the office. That amount includes $200,000 for work related to contracted actuarial analysis. Role in the Budget Process The statute creating the IFO outlines several points at which the office is 2016) • Natural Gas Production Report Quarter 2 (August 2016) • Using Performance Measures in the State Budget (September 2016) • AFSCME Wage Contract Analysis (September 2016) • SEIU Wage Contract Analysis (September 2016) • Actuarial Note Transmittal for A10803 to Senate Bill 1071 (October 2016

Hits: 6

UGSOA_Wage_Contract_ Analysis_2020.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE November 11, 2020 The Honorable Joseph B. Scarnati, III The Honorable Bryan Cutler care contribution for most union-represented employees was set at $502 effective July 2020 and the biweekly contribution under this contract is also $502, this impact is not included in the analysis. November 11, 2020 Page 2 In order to estimate

Hits: 5

TC_2020_Keystone_Innovation_Zone_Tax_Credit.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 telephone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE January 21, 2020 The Honorable Members of the Performance-Based Budget Board and Chairs of

Hits: 5

SUT Exemption for Aircraft - January 2013.pdf

Office Rachel Carson Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 E-mail: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Contacts: Matthew Knittel, Director Mark Ryan, Deputy Director __________________________________________________________ The Independent Fiscal Office was created by the Act of Nov. 23, 2010

Hits: 5

PSCOA Wage Contract Analysis- 2020.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE June 26, 2020 The Honorable Joseph B. Scarnati, III The Honorable Bryan Cutler the analysis must first project the “baseline” wages and benefits that would have been paid without the 1 Unlike most contracts with public safety units, this one-year agreement was achieved through negotiations and was not the product of an interest

Hits: 5

PBB_2020_DOH_REPORT_Final_Update.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE January 21, 2020 The Honorable Members of the Pennsylvania Performance-Based Budget Board: Act 48

Hits: 5

PBB_2020_DCED_REPORT.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE January 21, 2020 The Honorable Members of the Pennsylvania Performance-Based Budget Board: Act 48

Hits: 5

Official-Revenue-Estimate-2018-06.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of our website. Questions or comments regarding the contents of this report are welcome and can be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director - This page intentionally left blank. - Economic Outlook | Page 1 Economic Outlook The economic

Hits: 5

MTR-2016-12.pdf

FYTD $13,455 $13,308 $147 Growth 0.4% 0.4% 2.0% Dollar amounts are in millions. STATE GDP CONTRACTS The U.S. Bureau of Economic Analysis recently released real gross domestic product (GDP) by state for the second quarter economic output (adjusted for inflation), and can be used to evaluate the rate at which a state economy expands or contracts. In Pennsylvania, real GDP declined at an average annual rate of 2.0% in the first half of 2016. The

Hits: 5

Initial-Revenue-Estimate-2018-05.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of is released. Questions or comments regarding the contents of this report are welcome and can be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director - This page intentionally left blank. - Economic Outlook | Page 1 Economic Outlook The economic

Hits: 5

SEIU Healthcare Wage Contract Analysis- 2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE November 6, 2019 The Honorable Joseph B. Scarnati, III The Honorable Mike Turzai 000 beginning in January 2021. The Office of Administration estimates that this change will cost $3.3 million over the contract term. November 6, 2019 Page 3  There is no impact on the Motor License Fund over the four-year

Hits: 4

Presentation_2016-05-12_PaDUC_Impact_of_Demographics.pdf

typical PA resident is ~41 years old 11 12.May.2016 Economic Impacts 12 12.May.2016 Labor Force May Contract Aging of Workforce Labor Participation Rates Must Increase Composition of Income Changes Jobs Shift to Service Sectors thousands of residents PA Labor Force May Contract 80 100 120 140 160 180 200 2005 2010 2015 2020 2025 2030 2035 first Baby Boomers turn age 65

Hits: 4

PBB_2020_DOS_REPORT.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE January 16, 2020 The Honorable Members of the Pennsylvania Performance-Based Budget Board: Act 48

Hits: 4

PBB_2019_PCCD_Report.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of thank the agency staff that provided considerable input to this review. Questions and comments can be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 4

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

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE July 21, 2020 The Honorable Members of the Pennsylvania General Assembly: This report accompanies the

Hits: 4

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

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE July 3, 2019 The Honorable Members of the Pennsylvania General Assembly: This report accompanies the

Hits: 4

MGMT Nonrepresented Wage Contract.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE September 20, 2019 The Honorable Patrick M. Browne Chair, Appropriations Committee Senate of For the purpose of this analysis, the IFO applied the American Federation of State, County and Municipal Employees (AFSCME) ratified contract to all full-time, permanent employees classified as management (except Department of Corrections) or non-represented in the SAP accounting

Hits: 4

2002_drop_report.pdf

s defined benefit pension plan, elects to extend employment for a period of time that is specified in the DROP contract between the employee and the employer. During the period of extended employment, the employer typically deposits all or a portion accumulated interest at the assigned rate, be separated from employment, be precluded from re-employment during the remainder of the contracted IROP period, and be ineligible to re-enroll in the IROP in the event the former participant is re-employed

Hits: 4

Contact US

IFO - Contact US IFO • Latest Releases • Data • Calendar • Right-to-Know • About • About IFO • Contact IFO • Email Subscription • Links • Follow on Twitter • • Contact US Address Independent Fiscal Office 2nd Floor Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Contact Info

Hits: 4

Wage Contract SEIU-FINAL.pdf

Office of Administration provided the IFO with a Summary of Changes document that itemized all material changes contained in the contract, and for the purpose of this analysis, the IFO assumes that summary reflects all substantive changes. The Office of Administration for healthcare benefits under the new agreement. The office provided data to support that estimate, which was supplied by a contracted actuary. Based on the data submitted, the projected savings from the higher employee contributions is a reasonable estimate. For the

Hits: 3

Wage Contract PFBC-FINAL.pdf

Social Security and Medicare taxes, and 1 The agreement between the Commonwealth and the PFBC is only a one-year contract. 2 workers’ compensation payments. For example, a benefit rate of 40% implies that those costs increase by 40 cents for Office of Administration provided the IFO with a Summary of Changes document that itemized all material changes contained in the contract, and for the purpose of this analysis, the IFO assumes that summary reflects all substantive changes. The Office of Administration

Hits: 3

Wage Contract AFSCME-FINAL.pdf

Office of Administration provided the IFO with a Summary of Changes document that itemized all material changes contained in the contract, and for the purpose of this analysis, the IFO assumes that summary reflects all substantive changes. The Office of Administration for healthcare benefits under the new agreement. The office provided data to support that estimate, which was supplied by a contracted actuary. Based on the data submitted, the projected savings from the higher employee contributions is a reasonable estimate. For the

Hits: 3

TC_2020_Mobile Telecommunications Broadband Investment Tax Credit.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE January 16, 2020 The Honorable Members of the Performance-Based Budget Board and Chairs of

Hits: 3

TC_2019_New_Jobs_Tax_Credit_Report.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of welcomes all questions and comments on the contents of this report. Questions and comments can be sent to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 3

TC_2019_Historic_Preservation_Tax_Credit_Report.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of welcomes all questions and comments on the contents of this report. Questions and comments can be sent to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 3

State_Tax_Comparison_2020_11.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE November 23, 2020 The Honorable Members of the Pennsylvania General Assembly: State and local taxes

Hits: 3

State-Tax-Comparison-2020-01.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE January 29, 2020 The Honorable Members of the Pennsylvania General Assembly: State and local taxes

Hits: 3

SEIU Local 668 UC Referees Analysis- 2020.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE May 7, 2020 The Honorable Members of the Pennsylvania General Assembly: Section 604- Office of Administration provided the IFO with a Summary of Changes document that itemized all material changes contained in the contract, and for the purpose of this analysis, the IFO assumes that summary reflects all substantive changes. The Office of Administration

Hits: 3

Response-Letter-2-27-2020.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE February 27, 2020 The Honorable Karen Boback The Honorable Joseph Petrarca Room 41- within four weeks of the conclusion of the Fiscal Year 2020-21 budget hearings. If this schedule changes, we will contact your office. Child Welfare Program Funding in Pennsylvania For state fiscal year (SFY) 2017-18, child welfare program spending reported

Hits: 3

RB-2016-02.pdf

Establishes areas of up to 130 acres for economic devel‐ opment projects. Projects are Ðinanced through bonds issued by a contracting authority and are paid with speci‐ Ðied state and local tax revenues attributable to the zone. Film Production Tax Credit Established an area of 128 acres for economic develop‐ ment projects. Projects are Ðinanced through bonds is‐ sued by a contracting authority and are paid for by speci‐ Ðied state and local tax revenues attributable to the zone. Independent Fiscal Of

Hits: 3

RB 2019 County Income Patterns.pdf

5 for a list of values for all counties.) While the northern and western regions of the state generally recorded contractions, the southern and southeast regions recorded moderate gains. County Income Patterns Independent Fiscal Office | Research Brief | August 2019 Independent Fiscal For counties with strong income growth, all recorded per capita earnings gains that exceeded 5.0 percent per annum. By contrast, all counties reporting weak income growth reported negative earnings growth, with the exception of Cumberland County, where strong population gains

Hits: 3

PSEA Wage Contract Analysis- 2020.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE July 2, 2020 The Honorable Joseph B. Scarnati, III The Honorable Bryan Cutler Office of Administration provided the IFO with a Summary of Changes document that itemized all material changes contained in the contract, and for the purpose of this analysis, the IFO assumes that summary reflects all substantive changes. The Office of Administration

Hits: 3

Property-Tax-Update-August-2018.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE August 16, 2018 The Honorable Eddie Day Pashinski The Honorable P. Michael Sturla Office Building 414 Main Capitol Building Harrisburg, PA 17120 Harrisburg, PA 17120 Dear Representatives Pashinski and Sturla: Your staff recently contacted the Independent Fiscal Office (IFO) with a request to update certain tables and graphs that have been published by the

Hits: 3

Presentation_Lancaster_Chamber_2017-07-14.pdf

policy recommendations. Primary duties:  Revenue projections: May 1 and June 15.  Analyze fiscal impact of state employee wage contracts.  Coordinate actuarial analyses of pension legislation.  Numerous special studies on revenue or budget matters.  Five-Year Economic 138 -35,353 -45,064 -45,565 International Migration 29,193 29,791 33,818 34,910 34,678 Other contracting states in 2016: Connecticut, Illinois, Mississippi, New York, West Virginia and Wyoming. Note: Amounts do not sum to total, excludes

Hits: 3

Presentation_2016-06-08_GPNP_Budget_Outlook.pdf

3% thousands of residents Population Change by Age Group 8.Jun.2016 13 thousands of residents PA Labor Force May Contract 80 100 120 140 160 180 200 2005 2010 2015 2020 2025 2030 2035 first Baby Boomers turn age 65 possible labor force contraction number turning age 65 number turning age 15 2015 PA Labor Force Participation Rate Age 65+ 18.7% Age 25‐

Hits: 3

Presentation_2016-05-13_KRFS_Economic_and_Revenue_Outlook.pdf

3% thousands of residents Population Change by Age Group 12 May 13, 2016 thousands of residents PA Labor Force May Contract 80 100 120 140 160 180 200 2005 2010 2015 2020 2025 2030 2035 first Baby Boomers turn age 65 possible labor force contraction number turning age 65 number turning age 15 2015 PA Labor Force Participation Rate Age 65+ 18.7% Age 25‐

Hits: 3

Presentation-2018-07-NCSL.pdf

51. 7/29/2018 4 Sensitivity Analysis Actuaries supplied projections and other data used in the analysis.  An IFO-contracted actuary helped shape the request and interpret the data, which was supplied by actuaries for the two major state pension will it be used? 7/29/2018 8 Institutionalized Stress Testing? Commonwealth of Pennsylvania Independent Fiscal Office (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us 7/29/2018 9 Contact Information Author: MJR Company: Microsoft CreationDate

Hits: 3

PLEA Wage Contract Analysis- 2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE October 8, 2019 The Honorable Joseph B. Scarnati, III The Honorable Mike Turzai Office of Administration provided the IFO with a Summary of Changes document that itemized all material changes contained in the contract, and for the purpose of this analysis, the IFO assumes that summary reflects all substantive changes. The Office of Administration

Hits: 3

PBB_2019_JCJC_Report.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of thank the agency staff that provided considerable input to this review. Questions and comments can be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 3

PBB_2019_DOBS_Report.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 phone: 717-230-8293 email: contact@ifo.state.pa.us website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of thank the agency staff that provided considerable input to this review. Questions and comments can be submitted to contact@ifo.state.pa.us. Sincerely, MATTHEW J. KNITTEL Director Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo

Hits: 3

PA_Turnpike_Toll_Projections_May_31_2013.pdf

Office Rachel Carson Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 E-mail: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Contacts: Matthew Knittel, Director Mark Ryan, Deputy Director The Independent Fiscal Office was created by the Act of Nov. 23, 2010

Hits: 3

OPEIU Wage Contract Analysis- 2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE November 6, 2019 The Honorable Joseph B. Scarnati, III The Honorable Mike Turzai Office of Administration provided the IFO with a Summary of Changes document that itemized all material changes contained in the contract, and for the purpose of this analysis, the IFO assumes that summary reflects all substantive changes. The Office of Administration

Hits: 3

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

11.5 billion | ~$700 million per week  What happens when payments end in July? June 22, 2020 6 Large Contraction of April-May Payroll Jobs June 22, 2020 7 YOY Growth, U.S. YOY Growth, Pennsylvania Feb Mar Apr May and independent contractors. Source: U.S. Bureau of Labor Statistics. 2020 is a forecast by IFO. Profits and Capital Income Contract June 22, 2020 10 Great Recession COVID-19 Pandemic 2007 2008 2009 2010 2019 2020 2021 Net Profits (Pass Through

Hits: 3

NGIFE-2018.pdf

the 87 percent increase in prices for CY 2017, which counteracts the impact of higher fee revenues. This is in contrast to CY 2015 when the rate increased by 4.0 percentage points largely because of a substantial decline in prices Pa.C.S. §§ 2301 et seq., the price used is the annual average of the settled prices for near-month contracts on the New York Mercantile Exchange ($3.108 for CY 2017). Includes the impact of the annual adjustment for the

Hits: 3

NewsStand_2019_May.pdf

3%). By comparison, total per capita debt for all U.S. consumers increased by 2.4%. Jobs in Retail Sector Contract Significantly Through April 2019 On May 17, the U.S. Bureau of Labor Statistics released state jobs figures for April For the first four months of the calendar year, the data show that payroll jobs in the retail trade sector contracted at an annualized rate of 12,100 jobs (-1.9%, data are preliminary). The data show the contraction was largely

Hits: 3

MTR-2017-07.pdf

two major snowstorms that occurred in 2016. Another factor in the recent per capita gain is due to Pennsylvania’s contracting population, which provides a temporary boost, but may restrain future economic growth. Since 2012, Pennsylvania personal income has grown at that may influence future personal income growth in Pennsylvania. Due to an increasing number of Baby Boomers retiring and a contracting population, it is possible that Pennsylvania’s growth in per capita personal income could moderate. Another factor is the sectors

Hits: 3

ISSU Wage Contract Analysis- 2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE September 13, 2019 The Honorable Joseph B. Scarnati, III The Honorable Mike Turzai Office of Administration provided the IFO with a Summary of Changes document that itemized all material changes contained in the contract, and for the purpose of this analysis, the IFO assumes that summary reflects all substantive changes. The Office of Administration

Hits: 3

House Appropriation Response Letter 2-28-2020.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE February 28, 2020 The Honorable Stan Saylor Chairman House Appropriations Committee 245 Main recent budget hearing for the Independent Fiscal Office (IFO). Representative Grove requested an estimated breakdown of the IFO reviewed wage contracts by department. Please see the attached table. Representative Brown requested property tax burden by county. This project has been undertaken

Hits: 3

FOSCEP Wage Contract Analysis- 2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE October 8, 2019 The Honorable Joseph B. Scarnati, III The Honorable Mike Turzai Office of Administration provided the IFO with a Summary of Changes document that itemized all material changes contained in the contract, and for the purpose of this analysis, the IFO assumes that summary reflects all substantive changes. The Office of Administration

Hits: 3

EPLC-2-19-21.pdf

natural gas, minimum wage February 19, 2021 2 Today’s Presentation: Three Parts State demographics, economy and COVID impacts ▪ A contracting labor force ▪ COVID job losses and partial recovery | some permanent job loss ▪ Federal COVID relief spurs income growth, revenues, expenditure State Education (state system, related) 60 52 -8 -13.9% Private Schools (elementary, secondary) 48 48 0 -0.8% Significant Contraction Full-Service Restaurant 194 124 -70 -35.9% Limited-Service Restaurant 162 136 -27 -16.4% Accommodation 58 35 -23

Hits: 3

CIVEA Wage Contract Analysis- 2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE February 26, 2020 The Honorable Joseph B. Scarnati, III The Honorable Mike Turzai Office of Administration provided the IFO with a Summary of Changes document that itemized all material changes contained in the contract, and for the purpose of this analysis, the IFO assumes that summary reflects all substantive changes. The Office of Administration

Hits: 3

Analysis of Recent Collective Bargaining Agreements.pdf

The Office of Administration provided the IFO with Summary of Changes documents that itemized all material changes contained in the contracts, and for the purpose of this analysis, the IFO assumes that summaries reflect all substantive changes. The Office of Administration for healthcare benefits under the new agreements. The office provided data to support that estimate, which was supplied by a contracted actuary. Based on the data submitted, the projected savings from the higher employee contributions is a reasonable estimate. For the

Hits: 3

ALES Wage Contract Analysis- 2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE November 6, 2019 The Honorable Joseph B. Scarnati, III The Honorable Mike Turzai Office of Administration provided the IFO with a Summary of Changes document that itemized all material changes contained in the contract, and for the purpose of this analysis, the IFO assumes that summary reflects all substantive changes. The Office of Administration

Hits: 3

Pensions

July 5, 2012, Act 133 amended the Municipalities Financial Recovery Act (Act 47 of 1987) to ensure a collective bargaining contract or a collective bargaining arbitration award rendered after the adoption of a plan shall not in any manner violate, expand plan's provisions, except under specific conditions for arbitration settlements rendered under Act 111 of 1968. A collective bargaining agreement, contract or settlement in existence in a municipality or an arbitration award in effect in a municipality prior to a consolidation

Hits: 3

State and Local Tax Burden Study.pdf

Office Rachel Carson Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 E-mail: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Contacts: Matthew Knittel, Director Mark Ryan, Deputy Director __________________________________________________________ The Independent Fiscal Office was created by the Act of Nov. 23, 2010

Hits: 2

Senate Appropriations Response Letter 3-6-2020.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE March 6, 2020 The Honorable Patrick M. Browne Chairman Senate Appropriations Committee 281 for the opportunity to submit additional information on these topics. If you have further questions, please do not hesitate to contact my office. Sincerely, Matthew J. Knittel Director, Independent Fiscal Office Attachments March 6, 2020 Page 6 # or $ Share # or $ Share

Hits: 2

SD-Property-Tax-Forecast-2020.pdf

expands when new properties are added to the assessment rolls or current properties are reassessed based on improvements, and it contracts when appeals reduce the assessed value. The forecast projects that the net tax base expansion will be 1 percent annually Resources/Documents/SR2017-05.pdf. Rachel Carson State Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Acknowledgements: Jesse Bushman Independent Fiscal Office Author: Lauren Mondschein

Hits: 2

SD-Property-Tax-Forecast-2019.pdf

expands when new properties are added to the assessment rolls or current properties are reassessed based on improvements, and it contracts when assessment appeals reduce the assessed value. The forecast projects that the net tax base expansion will be 0.75 Resources/Documents/SR2017-05.pdf. Rachel Carson State Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Acknowledgements: Jesse Bushman Independent Fiscal Office Author: Lauren Mondschein

Hits: 2

Revenue-Update-2020-04.pdf

2021.  Wages-salaries decline by 1.7 percent.  The unemployment rate increases to 8.7 percent and employment contracts by 264,000 jobs (both full- and part-time). That figure represents the average job loss over the entire year and excludes self- employed and independent contractors. The actual employment contraction in 2020 Q2 will be considerably higher.  Most of the job loss occurs in the retail trade, accommodation-food

Hits: 2

Revenue-Estimate-2020-05-Presentation.pdf

and independent contractors. Source: U.S. Bureau of Labor Statistics. 2020 is a forecast by IFO. Profits and Capital Income Contract May 26, 2020 10 Great Recession COVID-19 Pandemic 2007 2008 2009 2010 2019 2020 2021 Net Profits (Pass Through labor force shrinks May 26, 2020 21 Report is Posted to IFO Website Questions? Use Zoom chat or Submit to contact@ifo.state.pa.us May 26, 2020 22 CreationDate: 2020-05-27 13:05:12 Creator: Microsoft® PowerPoint® 2016 ModDate

Hits: 2

Response_Letter_9_23_2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE September 23, 2019 The Honorable Francis X. Ryan House of Representatives 149A East I hope you find these data useful. If you have further questions regarding this request, please do not hesitate to contact me (717-230-8293). Per the policy of the IFO, this letter will be posted to the office website three

Hits: 2

Response-Letter-9-30-2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE . September 30, 2019 The Honorable Francis X. Ryan Pennsylvania House of Representatives 149A are subject to tax). If you have any questions regarding the table or estimates provided, please do not hesitate to contact my office (717-230-8293). Per the policy of the IFO, this letter will be posted to the office website

Hits: 2

Response-Letter-11-08-2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE November 6, 2019 The Honorable Vincent Hughes Senate of Pennsylvania 545 Main Capitol could be redirected to other purposes. If you have any further questions regarding this analysis, please do not hesitate to contact me (717-230-8293). Per the policy of the IFO, this letter will be posted to the office website three

Hits: 2

Response-Letter-10-7-2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE October 7, 2019 The Honorable Jim Cox Pennsylvania House of Representatives 209 Ryan hope this letter addresses your request. If you have any further questions regarding the analysis, please do not hesitate to contact my office (717-230-8293). Per office policy, this letter will be posted to the IFO website three days after

Hits: 2

Response-Letter-09-19-2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE September 19, 2019 The Honorable Doug Mastriano Senate of Pennsylvania 172 Main Capitol to five percent could be used. If you have any further questions regarding this analysis, please do not hesitate to contact me (717-230- 8293). Per the policy of the IFO, this letter will be posted to the office website three

Hits: 2

Response-Letter-09-12-2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE September 12, 2019 The Honorable Robert M. Tomlinson Senate of Pennsylvania 281 Main Expansion September 12, 2019 Page 5 If you have any further questions regarding this analysis, please do not hesitate to contact me (717-230- 8293). Per the policy of the IFO, this letter will be posted to the office website three

Hits: 2

Response-Letter-09-12-2019-Part-2.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE September 12, 2019 The Honorable Robert M. Tomlinson Senate of Pennsylvania 281 Main 000) September 12, 2019 Page 6 If you have any further questions regarding this analysis, please do not hesitate to contact me (717-230-8293). Per the policy of the IFO, this letter will be posted to the office website three

Hits: 2

Response-Letter-09-06-2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE September 6, 2019 The Honorable Mario Scavello Senate of Pennsylvania 20 East Wing revenues to fund the proposed rebates. If you have any further questions regarding this analysis, please do not hesitate to contact me (717- 230-8293). Per the policy of the IFO, this letter will be posted to the office website three

Hits: 2

Response-Letter-08-16-2019.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE August 16, 2019 The Honorable Mario Scavello Senate of Pennsylvania 20 East Wing increase by 0.33 percentage points. If you have any further questions regarding this analysis, please do not hesitate to contact me (717- 230-8293). Per the policy of the IFO, this letter will be posted to the office website three

Hits: 2

RB-2020-03 County Income Patterns.pdf

Cameron County). (See page 5 for specific county data.) While the northern and western regions of the state generally recorded contractions, the south central and eastern regions recorded moderate gains. County Income Patterns Independent Fiscal Office | Research Brief | June 2020 Independent and Pittsburgh metro regions generally recorded the highest levels of per capita personal income, in excess of $55,000. By contrast, five counties recorded per capita income levels below $40,000. Two counties deserve special note. First, Forest County (filled white

Hits: 2

RB-2019-01.pdf

Pa.C.S. §§ 2301 et seq., the price used is the annual average of the settled prices for near-month contracts on the New York Mercantile Exchange ($3.086 for CY 2018). 3. See Snyder Brothers, Inc. v. Pennsylvania Public Utility production. It should be noted that many producers hedge prices for a large share of their production (e.g., futures contracts). 5. The annual ETR represents the average rate for all wells operating in a single calendar year. A lifetime ETR

Hits: 2

RB-2015-04.pdf

0.9 percent per annum from 2014 to 2017 (roughly 53,000 new payroll jobs per year), but a modest contraction for those who earn $8.00 or less (‐0.5 percent per annum). These assumptions are consistent with historical trends November 2015 7 Rachel Carson State Of Ðice Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 E‐mail: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Independent Fiscal Of Ðice Endnotes 1. The CPS hourly wage

Hits: 2

RB 2019 Natural Gas Royalties.pdf

Pennsylvania law mandates a minimum royalty rate of 12.5 percent of the market value of the sale. 1 Some contracts allow firms to deduct post-production costs from gross revenues prior to the application of the relevant royalty rate. Post-  There may be cases where leaseholders reside and file returns from counties (or states) other than the land under contract and do not reside in one of the top eight producing counties shown in the table. This outcome would cause

Hits: 2

QRE_FY14-15.pdf

Office Rachel Carson Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 E-mail: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Contacts: Matthew Knittel, Director Mark Ryan, Deputy Director __________________________________________________________ The Independent Fiscal Office was created by the Act of Nov. 23, 2010

Hits: 2

Press_Release_2018_Economic_and_Budget_Outlook.pdf

through 2023-24), three factors drive lower growth in expenditures: (1) SERS and PSERS employer contribution rates stabilize, (2) a contraction of the school age population restrains the growth of Pre-K-12 expenditures and (3) the aging of the Commonwealth impartial analysis of fiscal, economic and budgetary issues. Follow the Independent Fiscal Office on Twitter at www.twitter.com/ind_fisc_office. Contact: Matthew Knittel, 717-230-8293 # # # Title: Microsoft Word - press release - 2015 economic and budget outlook Author: MJR Creator: Microsoft® Word

Hits: 2

Press_Release_2017_Economic_and_Budget_Outlook.pdf

incorporates savings based on recent cost containment efforts.  Pennsylvania’s fiscal outlook is constrained by its demographics. A projected contraction of the working age population (ages 20-64) moderates economic growth. An increase in the 65+ cohort will (1) restrain impartial analysis of fiscal, economic and budgetary issues. Follow the Independent Fiscal Office on Twitter at www.twitter.com/ind_fisc_office. Contact: Matthew Knittel, 717-230-8293 # # # Author: MJR Company: Microsoft Created: D:20151208 CreationDate: 2017-11-16 17:20:40 Creator

Hits: 2

Presentation_PICPA_12-3-2014.pdf

for Healthcare and Professional Service Sectors. • Healthy PA to add 600,000 new enrollees. • Some uncertainty over the ACA. Continued Contraction for Government Sector. • Federal government sheds Postal Service jobs. • Local gov’t contracts due to shrinking pupil base and pensions. Exception: Labor Force Participation Rates. • Forecast assumes a small increase for younger workers

Hits: 2

Presentation_Pension_Town_Hall_3-26-2015.pdf

Pensions under a DB plan are formula‐based and do not vary with the funding status of the plan. In contrast, defined contribution (DC) plans do not provide a predetermined benefit. The funds available in the DC plan ultimately determine the 2014. Independent Fiscal Office Rachel Carson Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 (717) 230‐8293 contact@ifo.state.pa.us www.ifo.state.pa.us 3/26/2015 16 Thank You Author: mryan CreationDate: 2015-03-

Hits: 2

Presentation_PASBO_Annual_Conference_3-8-2018.pdf

64% 56% 61% Note: Based on the actuarial value of assets. Source: PSERS’ actuarial valuations, various years. March 8, 2018 Contact Information contact@ifo.state.pa.us www.ifo.state.pa.us (717) 230-8293 37 March 8, 2018 Author: Hannah Barrick CreationDate

Hits: 2

Presentation-2019-3-1-EPLC.pdf

Commonwealth of Pennsylvania March 1, 2019 Today’s IFO Presentation  Executive Summary | Crucial Assumptions | Recession Risk  Demographics: a contracting workforce  Economics: modest 2018 gains from TCJA, strong labor market  Revenues and Expenditures: one-time measures dominate  measures to close the gap.  What will legislature enact? Various long-term demographic concerns.  Declining birth rates. Possible contracting labor force. Policymakers should consider recession scenarios.  Surveys: recession more likely than not next three years.  Will federal

Hits: 2

PICA_Presentation_2020_11.pdf

High-risk sectors: retail, food service, accommodation, travel  Government job losses not fully reflected  Hidden: PA labor force contracts by 151,000 in Sept 2020 from prior year Other relief programs expire at end of year | impact unclear  federal UC support: PUA and extended benefits November 18, 2020 9 Presentation is Posted to IFO Website Questions? Submit to contact@ifo.state.pa.us November 18, 2020 10 CreationDate: 2020-11-17 21:25:29 Creator: Microsoft® PowerPoint® 2016 ModDate

Hits: 2

PA_Economy_League_Presentation.pdf

Baby Boom cohort retiring.  From 2015-25, age 65+ increases by 31.1% (PA).  All other age groups contract by -1.9%. Longer life spans.  In 1990, those age 65 could expect to live 17 years.  By lower rent. Outcomes vary greatly based on local conditions.  Homeowners vs. renters.  Working vs. retired.  Growing vs. contracting school districts. 19.May.2017 Summary 26 Presentation to be Posted on IFO website www.ifo.state.pa.us 19

Hits: 2

PA_Assoc_of_Community_Bankers_Presentation_2020_12.pdf

High-risk sectors: retail, food service, accommodation, travel  Large permanent job losses likely permanent  Hidden: PA labor force contracts by 188,000 in October 2020 from prior year Other relief programs expire at end of year | impact unclear  federal UC support: PUA and extended benefits December 9, 2020 9 Presentation is Posted to IFO Website Questions? Submit to contact@ifo.state.pa.us December 9, 2020 10 CreationDate: 2020-12-09 14:31:13 Creator: Microsoft® PowerPoint® 2016 ModDate

Hits: 2

PASBO_Feb_25_2021.pdf

State Education (state system, related) 60 52 -8 -13.9% Private Schools (K-12) 48 48 0 -0.8% Significant Contraction Full-Service Restaurant 194 124 -70 -35.9% Limited-Service Restaurant 162 136 -27 -16.4% Accommodation 58 35 -23 Excludes self-employed. Source: U.S. Bureau of Labor Statistics, CES State and Metro Area Employment. February 25, 2021 5 Contraction of Low Wage Jobs Boosts Average Annual Wage 2017 2018 2019 2020 2021 2022 Total Statewide Wages 4.0% 4

Hits: 2

NGIFE-2016.pdf

Pa.C.S. §§ 2301 et seq., the price used is the annual average of the settled prices for near-month contracts on the New York Mercantile Exchange. 3. The price used for this calculation is a weighted average of spot prices production. It should be noted that many producers hedge prices for a large share of their production (e.g., futures contracts). 4. An alternative to the annual average ETR is the lifetime ETR, which is the average tax burden over the

Hits: 2

NAP-2018-03.pdf

credit to businesses and individuals who qualify for their program and caps the annual credits allocated at $3 million. In contrast, New Jersey offers a 100% tax credit but reserves it strictly for businesses that invest in comprehensive revitalization plans. New providing the information necessary to complete this report. Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Acknowledgments: Tessa Dorr and Matthew Lindsay Author: TDorr CreationDate

Hits: 2

Municipal_Analysts_Presentation.pdf

Fund Revenue Estimates (May 1, June 15).  Five-year economic and budget outlook (November 15).  Pension and wage contract analysis.  Special studies at request of General Assembly. A Quick Tour Budget Status.  Where are we? How did wave accelerates.  Baby Boom more pronounced in PA than US. Mid-Term: 5 - 10 Years.  Labor force may contract.  Tax burden falls on smaller cohort. Long-Term: 10+ Years.  Deaths exceed births.  Heavily dependent on international

Hits: 2

MTR-2016-08.pdf

electricity market. Total retail sales of electricity declined by 5.7% compared to the same period in 2015, as demand contracted in every sector. The unseasonably warm winter was a potential factor affecting demand in 2016. The residential sector was especially in the first half of 2015, driven by declines in the commercial (-3.2%) and industrial (-5.5%) sectors. By contrast, average residential prices continue to grow in PA, and were 4.2% higher in the first half of 2016 than

Hits: 2

MTR-2016-05.pdf

1% per annum. Data through April 2016 show a continuation of this trend, with annual growth of 6.1%. By contrast, sales at gasoline stations have become a less significant component of consumer spending. In 2012, gasoline station sales comprised 14.1% of total sales, whereas in 2016, these sales comprised 9.0% of the total. This contraction is generally attributable to the rapid decline in U.S. gasoline prices, which averaged $3.62 per gallon in 2012

Hits: 2

MTR-2015-08.pdf

have increased at roughly the same pace as the Pennsylvania economy. However, due in part to consolidation, industry employment has contracted by roughly 6,000 payroll jobs from 2006 to 2014. Preliminary data through June 2015 indicate a further contraction of roughly 1,000 payroll jobs. Currently, the banking industry (defined as depository credit intermediation) comprises 1.3 percent of

Hits: 2

MQRE-FY19-20-Aug.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of poultry or livestock, regardless if the sale is made directly by the purchaser or pursuant to a construction contract. This provision applies to sales after December 31, 2019. Prior Law None. Fiscal Analysis This provision is projected to reduce FY 2019-

Hits: 2

Monthly_Economic_Update_October_2020.pdf

S. Bureau of Economic Analysis (BEA) on October 2. National real GDP decreased at an annual rate of 31.4%, contracting in all 50 states and the District of Columbia. Pennsylvania experienced the 10 th largest percent decline in 2020 Q2 which increased year-over-year (8.9%) due to the temporary hiring of Census workers. However, federal government employment will contract as the decennial Census concludes. Overall, the private sector recorded modest employment gains, while the government and education sectors reported

Hits: 2

Monthly_Economic_Update_April_2020.pdf

pay wages fell by 46.2% over the prior year in Pennsylvania and 30.1% nationally. The year- over-year contraction in Pennsylvania new business applications is more severe than contractions realized during the Great Recession. While some of the decline in business applications may be due to entrepreneurs simply delaying

Hits: 2

MER-2015-02.pdf

growing sectors with av‐ erage annual wages above $50,000. The data show that all industries that recorded an employment contraction since 2009 have an average annual wage above $50,000 including the financial activities ($80,900), information ($69,700) and man‐ ufacturing ($59,200) sectors. The largest contrac‐ tion was recorded by the government sector ($50,400), which pays an average wage very close to the statewide average

Hits: 2

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

Office June 2019 5 Rachel Carson State Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 E-mail: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Acknowledgement: Jesse Bushman and Rachel Flaugh Independent Fiscal Office to 58 Pa.C.S. § 2301, the price used is the annual average of the settled prices for near-month contracts on the New York Mercantile Exchange (NYMEX) in million British thermal units (MMBtu). This is the national benchmark price for

Hits: 2

Impact-Fee-Update-2018-Outlook-2018-06.pdf

Office June 2018 5 Rachel Carson State Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 E-mail: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Acknowledgement: Jesse Bushman and Rachel Flaugh Independent Fiscal Office to 58 Pa.C.S. § 2301, the price used is the annual average of the settled prices for near-month contracts on the New York Mercantile Exchange (NYMEX) in million British thermal units (MMBtu). This is the national benchmark price for

Hits: 2

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

July 2017 5 Rachel Carson State Of Ðice Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 E‐mail: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Acknowledgements: Jesse Bushman and Matt Lindsay Independent Fiscal Of to 58 Pa.C.S. § 2301, the price used is the annual average of the settled prices for near‐month contracts on the New York Mercantile Exchange (NYMEX) in million British thermal units (MMBtu). This is the national benchmark price for

Hits: 2

Impact-Fee-Estimate-2019.pdf

Office January 2020 3 Rachel Carson State Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 E-mail: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Acknowledgement: Jesse Bushman and Rachel Flaugh Independent Fiscal Office to 58 Pa.C.S. § 2301, the price used is the annual average of the settled prices for near-month contracts on the New York Mercantile Exchange (NYMEX) in million British thermal units (MMBtu). This is the national benchmark price for

Hits: 2

IFO-Press-Release-11-14-2019.pdf

There will be relatively fewer working-age residents to support the needs of rapidly expanding retiree and elderly populations. The contraction of the working-age cohort suggests that real per capita tax levels for that age group must increase to keep increase in demand for healthcare and other services. Follow the Independent Fiscal Office on Twitter at www.twitter.com/ind_fisc_office. Contact: Matthew Knittel, 717-230-8293 # # # Title: Microsoft Word - press release - 2015 economic and budget outlook Author: MJR Creator: Microsoft® Word

Hits: 2

IFO ppt.pdf

2012 Revenue Conference Economic Outlook Summary • Crucial short-term factors: – Potential for European debt crisis. Recent French downgrade. German economy contracts in 2011 Q4. Forecast assumes crisis averted, minor recession instead. – Extension of payroll tax cut. Economic forecast assumes full year for 2010-20. – Working age population shrinks by -1.8% for 2010-20. Low total wage growth. – PA tax base contracts over long term. • Pension obligations major driver of future expenditures. • Uncertainty restrains short-run growth. – European debt crisis. – Federal fiscal

Hits: 2

Five_Year_Outlook_2020_Presentation_Final.pdf

2020-21 to 2025-26 Matthew Knittel, IFO Director January 21, 2021 Today’s Presentation Four Parts  Demographics a contracting labor force  Economics job recovery slows, some permanent job loss  Revenues solid, income surge due to federal stimulus birth rates, household formation and migration patterns January 21, 2021 21 Presentation is Posted to IFO Website Questions? Submit to contact@ifo.state.pa.us January 21, 2021 22 CreationDate: 2021-01-22 17:03:55 Creator: Microsoft® PowerPoint® 2016 ModDate

Hits: 2

Five_Year_Outlook_2017_Presentation.pdf

from the Pennsylvania State Data Center Adjustments by IFO for 2017 Source: U.S. Census Bureau Three Demographic Trends Unexpected contraction of PA population in 2016.  Birth rates continue to fall.  Strong domestic migration out of state (but data very preliminary). Retirement surge has important implications.  “Churning” reduces growth of total wages paid.  Possible contraction of labor force. But participation rates increase. No signs of “brain drain” or strong elderly inflow.  Recent data suggest

Hits: 2

Five_Year_Outlook_2016_Press_Release.pdf

digit annual growth rates are projected to abate.  Pennsylvania’s fiscal outlook is constrained by its demographics. A projected contraction of the working age population (ages 20-64) moderates economic growth. An increase in the 65+ cohort (14.7 percent impartial analysis of fiscal, economic and budgetary issues. Follow the Independent Fiscal Office on Twitter at www.twitter.com/ind_fisc_office. Contact: Matthew Knittel, 717-230-8293 # # # Author: mryan Company: Microsoft Created: D:20151208 CreationDate: 2016-11-15 15:01:36 Creator

Hits: 2

Five_Year_Outlook_2015_Press_Release.pdf

of 3.7 percent per annum.  Pennsylvania’s economic growth over the next decade is constrained by the projected contraction of the working age population (ages 20-64).  Demographic projections assume an increase of 32.2 percent in the timely analysis of fiscal, economic and budgetary issues. Follow the Independent Fiscal Office on Twitter at www.twitter.com/ind_fisc_office. Contact: Matthew Knittel, 717-230-8293 # # # Author: mryan CreationDate: 2015-12-09 17:49:53 Creator: PScript5.dll Version 5.2

Hits: 2

CNIT-Rate-Cut-2018-04.pdf

million likely comprised roughly 70 percent of total tax liability for that tax year (computation not shown on table). By contrast, firms with less than $25,000 of tax liability (23,891 firms) comprised nearly 80 percent of firms with a request from Representatives Jason Ortitay and Martina White. Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Acknowledgments: Rachel Flaugh and Matthew Lindsay Author: Rachel Flaugh

Hits: 2

Budget_Hearing_Background_Feb2016.pdf

from January 26, 2016 Mid‐Year Update. (11) Pennsylvania Demographic Trends Over the next decade, the working age population will contract by roughly 222,000 residents. Over the next decade, the number of retirees will increase by roughly 673,000 residents C.S. §§ 2301 et seq., the average annual price is the annual average of the settled prices for near‐ month contracts on the New York Mercantile Exchange. The fee schedule is adjusted downward if the price of gas falls between $2

Hits: 2

2000_cost_of_living_adjustments.pdf

giving any extra compensation to any public officer, servant, employee, agent or contractor, after services shall have been rendered or contract made, nor providing for the payment of any claim against the Commonwealth without previous authority of the law: Provided, however a combined retirement system, while in other states separate retirement systems are maintained for these employee groups. The retirement systems contacted were comprised of 69 defined benefit retirement systems and 2 defined contribution retirement systems. The defined contribution retirement systems do

Hits: 2

The Payroll Tax Cut Extension FINAL.pdf

on available data and research. The IFO welcomes any comments or suggestions. Comments and suggestions can be submitted on the “Contact IFO” page. INTRODUCTION Throughout 2011, workers received a boost in their take-home pay due to the Tax Relief, Unemployment

Hits: 1

SR2017-06.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE December 6, 2017 Douglas E. Hill Executive Director County Commissioners Association of Pennsylvania

Hits: 1

SR2014-03-presentation.pdf

Findings Independent Fiscal Office Rachel Carson Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 (717)230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us 16.Dec.2014 19 Thank you Title: Fiscal Implications of a

Hits: 1

Senate Budget Hearing Request.pdf

for the opportunity to submit additional information on these topics. If you have further questions, please do not hesitate to contact my office. Sincerely, Matthew J. Knittel Director Enclosures 2 Table A Corporate Net Operating Loss Carryforward and Carryback Periods Number

Hits: 1

Revenue_Estimate_Performance_Dec_2017.pdf

Fiscal Office Rachel Carson State Office Building Second Floor 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of

Hits: 1

Revenue_Estimate_2016-06-15_Release.pdf

ifo.state.pa.us/EmailSubscr.cfm to be alerted by email when new documents are posted to the IFO website. Contact: Matthew Knittel, 717-230-8293 # # # Author: mryan CreationDate: 2016-06-15 18:21:05 Creator: PScript5.dll Version 5.2

Hits: 1

Revenue_Estimate_2015-06-15_Release.pdf

ifo.state.pa.us/EmailSubscr.cfm to be alerted by email when new documents are posted to the IFO website. Contact: Matthew Knittel, 717-230-8293 # # Author: mryan CreationDate: 2015-06-15 19:38:23 Creator: PScript5.dll Version 5.2

Hits: 1

Revenue_Estimate_2015-05-04_Release.pdf

methods and data used to make the projections. Follow the Independent Fiscal Office on Twitter at www.twitter.com/ind_fisc_office. Contact: Matthew Knittel, 717-230-8293 # # # Author: mryan CreationDate: 2015-05-04 14:33:34 Creator: PScript5.dll Version 5.2

Hits: 1

Revenue_Estimate_2014-06-16_Release.pdf

ifo.state.pa.us/EmailSubscr.cfm to be alerted by email when new documents are posted to the IFO website. Contact: Matthew Knittel, 717-230-8293 # # Author: MJR Company: Microsoft CreationDate: 2014-06-16 18:20:08 Creator: Acrobat PDFMaker 10

Hits: 1

Revenue_and_Economic_Update_Presentation_2020_10.pdf

 Higher worker productivity = fewer employment opportunities October 29, 2020 15 Report is Posted to IFO Website Questions? Submit to contact@ifo.state.pa.us October 29, 2020 16 CreationDate: 2020-10-29 16:07:37 Creator: Microsoft® PowerPoint® 2016 ModDate

Hits: 1

Revenue-Estimate-Performance-2020-09.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of

Hits: 1

Revenue-Estimate-Performance-2019-07.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of

Hits: 1

Revenue-Estimate-Performance-2018-07.pdf

Fiscal Office Rachel Carson State Office Building Second Floor 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of

Hits: 1

Revenue Trends Report - July 2013.pdf

8 million (7.6%). The three-month total shows that sales and use tax revenues grew by 3.3%, in contrast to the 0.8% growth rate over the last twelve months.  Personal income tax revenues increased by $117 million

Hits: 1

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

follow. Finally, the analysis assumes millage rates are held constant and there is no net effect from general economic growth/contraction and/or appeals. Shifting payments across periods, higher millage rates and general economic growth (already reflected in bills sent in

Hits: 1

RB-2018-01.pdf

Documents/SR2017‐05.pdf. Rachel Carson State Of Ðice Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us Staff Acknowledgements: Jesse Bushman Independent Fiscal Of Ðice Author: mryan

Hits: 1

RB-2017-5.pdf

It measures total economic output and can be used to evaluate the rate at which a state economy expands or contracts.  Personal Income The sum of all sources of income such as wages, business income, interest, dividends, rents, royalties, employer

Hits: 1

RB 2019 RACP.pdf

average of 143 awards annually with an average value of $1.4 million per award (nearly $200 million annually). By contrast, the prior administration approved higher average awards ($2.8 million), but only awarded 217 grants over a four- year term

Hits: 1

Publicity - Economic and Budget Outlook - 2014.pdf

s Economic & Budget Outlook: Fiscal Years 2014-15 to 2019-20 will be available. Questions / Information: (717) 230-8293 or contact@ifo.state.pa.us. Author: MJR Creator: Microsoft® Word 2013 CreationDate: 2014-10-23 13:53:12 ModDate: 2014-10-

Hits: 1

press release - economic and budget outlook.pdf

timely analysis of fiscal, economic and budgetary issues. Follow the Independent Fiscal Office on Twitter at www.twitter.com/ind_fisc_office. Contact: Matthew Knittel or Mark Ryan, 717-230-8293 # # # Author: mryan CreationDate: 2012-11-16 14:21:50 Creator: PScript5.dll

Hits: 1

Presentation_Rotary_Club_of_York_7-15-2015.pdf

Proposals Independent Fiscal Office Rachel Carson Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us 7/15/2015 17 Thank You Author: MJR Company: Microsoft CreationDate

Hits: 1

Presentation_Phil_Chamber_2-12-2015.pdf

only).  More Subtle: Rapidly Aging Population. • Age 65 and older expands by 14.9% through 2020. • Under age 65 contracts by -0.7% through 2020. 12.Feb.2015 10 What Drives Increase in the Deficit? 12.Feb.2015 Non-Recurring

Hits: 1

Presentation_Harrisburg_Rotary_4-11-2016.pdf

2016 Independent Fiscal Office Rachel Carson Office Building, 2 nd Floor 400 Market Street Harrisburg, PA 17105 (717) 230‐8293 contact@ifo.state.pa.us www.ifo.state.pa.us 4/11/2016 15 Thank You Author: mryan CreationDate: 2016-04-

Hits: 1

Presentation-2019-5-1-PAEL.pdf

517 660 1,063 Total Income Gain ($ million) 3,510 Note: Total gain includes incomes lost due to projected employment contraction. Computations assume all workers moved to $12.00/hour. In practice, some would receive a higher hourly wage to maintain

Hits: 1

Presentation-2018-11-19-CCAP.pdf

Points of Emphasis Various long-term demographic concerns.  Declining birth rates. General aging of the state population.  Possible contraction of the labor force. Large increase in projected deficit next fiscal year.  Assumes no one-time measures are used

Hits: 1

Presentation-2018-10-Performance-Based-Budget-Board.pdf

us/ Independent Fiscal Office Rachel Carson State Office Building Second Floor 400 Market Street Harrisburg, PA 17105 (717) 230-8293 contact@ifo.state.pa.us Author: Tessa Dorr CreationDate: 2018-10-12 19:36:01 Creator: Microsoft® PowerPoint® 2016 ModDate: 2018-

Hits: 1

Presentation-2018-08-PA-State-Association-Boroughs.pdf

Separate from Executive and Legislative branches. Various mandatory duties.  General Fund revenue estimates.  Coordinate pension analysis. Analyze wage contracts.  Develop Performance-Based Budget plans for agencies. Things the office does not do:  Make policy or budget recommendations

Hits: 1

PICPA_Presentation.pdf

 Strong job gains through 2017 Q1.  Very strong gains in healthcare sector.  Manufacturing, mining and retail sector contract.  Total income growth is moderate.  Wage growth slightly weaker than expected, but decent.  Business profits continue to

Hits: 1

Pennsylvania_Aging_Presentation.pdf

138 -35,353 -45,064 -45,565 International Migration 29,193 29,791 33,818 34,910 34,678 Other contracting states in 2016: Connecticut, Illinois, Mississippi, New York, West Virginia and Wyoming. Note: Amounts do not sum to total, excludes

Hits: 1

PBB-Overview-2019-01-22.pdf

Year Jan 2018 PBB review schedule set by Budget Office and IFO Mar to Jul general research, design data template, contact other states (NM, WA, MN), update to PBB Board staff Mid August first meeting with each agency, transmit data template

Hits: 1

PBB-Board Hearing Jan 23 2020.pptx

small firms | reduces cost to state Address credit oversubscription | anticipate it will continue ▪ Tiered rate structure | per firm cap | eliminate contract labor payments ▪ Tighten up QRE computation | allows better targeting Enact reforms to deter fraud and abuse (see Appendix) January 23

Hits: 1

Oct_2020_Revenue_and_Economic_Update_Announ.pdf

on the link to register and receive an invitation to the briefing, which will be held virtually. (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us CreationDate: 2020-10-22 17:56:48 Creator: Canva Keywords: DAEHx08e5bU

Hits: 1

October_2020_Revenue_and_Economic_Update_Announcement.pdf

on the link to register and receive an invitation to the briefing, which will be held virtually. (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us CreationDate: 2020-10-22 17:56:48 Creator: Canva Keywords: DAEHx08e5bU

Hits: 1

October_2020_Revenue_and_Economic_Update_Announcement (002).pdf

on the link to register and receive an invitation to the briefing, which will be held virtually. (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us CreationDate: 2020-10-22 17:56:48 Creator: Canva Keywords: DAEHx08e5bU

Hits: 1

October_2020_Revenue_and_Economic_Update_Announ..pdf

on the link to register and receive an invitation to the briefing, which will be held virtually. (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us CreationDate: 2020-10-22 17:56:48 Creator: Canva Keywords: DAEHx08e5bU

Hits: 1

novak ppt.pdf

F EDERAL R ESERVE B ANK OF P HILADELPHIA Jason Novak Jason.Novak@phil.frb.org Phone: (215) 574-3852 Contact Information Title: External Slide Show Author: frbp CreationDate: 2012-01-18 15:13:37 ModDate: 2012-01-18 15:13

Hits: 1

NGPR-2016Q4.pdf

8 shows that the full-year count of shut-in wells declined by 8.2% from 2015 to 2016. In contrast, shut-in wells increased by 15.6% from 2014 to 2015. Table 9 shows that the full-year count of

Hits: 1

NGIFE-2015.pdf

C.S. §§ 2301 et seq., the average annual price is the annual average of the settled prices for near‐ month contracts on the New York Mercantile Exchange. The fee schedule is adjusted downward if the price of gas falls between $2

Hits: 1

Newsstand_March_2020.pdf

non-store retailers (i.e., internet sales) recorded gains (0.7 percent). In future months, consumer spending is expected to contract significantly due to retail clo- sures, event and travel cancelations and the reduction or elimination of work hours for some

Hits: 1

Newsstand_2018_May.pdf

the mining (17.5%) and information (4.8%) sectors, while the arts- entertainment (-0.2%) and government (-0.5%) sectors contracted. Pennsylvania ranked 24 th across all states, lag- ging behind West Virginia (2.6%) and Ohio (1.9%), but outperforming

Hits: 1

Newsstand_2018_July.pdf

analysis finds that for Clinton County, tariffs may harm 29.5% of county GDP but may protect 3.1%. By contrast, 3.3% of Centre County GDP may be harmed and 3.4% may be protected. PA Ranks 12 th in

Hits: 1

MTR-2017-02.pdf

2006, coal’s share has dropped precipitously. Over the last decade, coal’s share of electricity generation in Pennsylvania has contracted from 55% in 2006 to 25% in 2016, due, in part, to the increasing prevalence of natural gas. In 2006

Hits: 1

MTR-2016-11.pdf

2018. 3 Although the recent uptick in drilling in the third quarter of 2016 (grey columns) suggests that the employment contraction may have abated, more employment data are necessary to confirm that outcome. November 2016 Monthly Trends Report 1 Provided by

Hits: 1

MTR-2016-10.pdf

0.8% per annum, or nearly 50,000 jobs. With the exception of 2013 (0.3% growth due to significant contraction in the government sector), the current recovery has also generated employment growth of roughly 0.8% per annum. However, the

Hits: 1

MTR-2016-03.pdf

used to quantify the relative size of a given sector for the Pennsylvania economy. For 2015, the only sector to contract was the mining sector (-6.7%), largely due to a reduction in employment from a decline in natural gas drilling

Hits: 1

MQRE_FY20_21_Revised_Feb.pdf

Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 717-230-8293 | contact@ifo.state.pa.us | www.ifo.state.pa.us Staff Acknowledgements Stacey Knavel, Principal Revenue Analyst Lesley McLaughlin, Revenue Analyst

Hits: 1

MQRE-FY20-21-Aug.pdf

estimates. Independent Fiscal Office Rachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of

Hits: 1

MQRE-FY18-19-July.pdf

Fiscal Office Rachel Carson State Office Building Second Floor 400 Market Street Harrisburg, PA 17105 Telephone: 717-230-8293 Email: contact@ifo.state.pa.us Website: www.ifo.state.pa.us ___________________________________________________________ The Independent Fiscal Office was created by the Act of

Hits: 1

Monthly_Economic_Update_November_2020_Final.pdf

Single-family rent increased by an average of 3.8% over the prior year across 63 markets in September. In contrast, multifamily rents fell 0.3% over the prior year according to the September 2020 Multi-Housing News report. Monthly Economic

Hits: 1

Monthly_Economic_Update_July_2020.pdf

force that is unemployed (seasonally adjusted) fell to 13.0% from 13.4% a month earlier, due partly to a contraction in the size of the labor force. The unemployment rate continues to decline from a record high of 16.1%

Hits: 1

Monthly_Economic_Update_January_2021.pdf

1%), personal care services such as haircuts (+6.0%) and food away from home (+5.4%, includes food delivery). In contrast, other types of goods experienced significant price reductions including: car insurance (-10.8%), education and communication commodities (e.g., college

Hits: 1

Monthly_Economic_Update_February_2021.pdf

Business Employment Dynamics for 2020 Q2. This reports gross private sector job gains and losses due to business expansion or contraction between March and June 2020, the peak of pandemic-related closures. Nationally, gross job losses (-20.4 million) outweighed gross

Hits: 1

mid-year-FY16-17-press-release.pdf

the IFO’s economic forecast and the revisions to the revenue estimate is available at www.ifo.state.pa.us. Contact: Matthew Knittel, 717-230-8293 # # # Author: MJR Company: Microsoft CreationDate: 2017-01-25 21:08:58 Creator: Acrobat PDFMaker 15

Hits: 1

mid-year-FY14-15-press-release.pdf

presentation discussing the economic forecast and the revisions to the revenue estimate is available at www.ifo.state.pa.us. Contact: Matthew Knittel, 717-230-8293 # # # Author: mryan CreationDate: 2015-01-28 16:56:57 Creator: PScript5.dll Version 5.2

Hits: 1

mid-year-FY14-15-presentation.pdf

is transmitted to tax revenues through (1) higher prices (SUT) and (2) higher wages (PIT). • Expenditure impact unclear (e.g., contracts and healthcare). • Inflation is a “wash” over long‐term, but not short‐term. 28.Jan.2015 6 Forecast: Very Low

Hits: 1

MER-2015-01.pdf

prices fell by a similar magnitude during a six-month period was the 2008-09 recession. Due to the economic contraction, U.S. gasoline demand collapsed and average prices fell by nearly $2.50 per gallon, a decline of roughly 60

Hits: 1

Initial_Estimate_May_2017_Press_Release.pdf

s website at www.ifo.state.pa.us. Follow the Independent Fiscal Office on Twitter at www.twitter.com/ind_fisc_office. Contact: Matthew Knittel, 717-230-8293 Author: MJR Company: Microsoft CreationDate: 2017-05-02 16:52:06 Creator: Acrobat PDFMaker 15

Hits: 1

Impact-Fee-Update-Outlook-2020.pdf

to 58 Pa.C.S. § 2301, the price used is the annual average of the settled prices for near- month contracts on the New York Mercantile Exchange (NYMEX) in million British thermal units (MMBtu). This is the national benchmark price for

Hits: 1

IFO_Analyst_Opening.pdf

to Charlene Raves (craves@ifo.state.pa.us). Please type the word 'Application' in the subject line. The IFO will contact qualified candidates regarding a personal interview to take place in either Harrisburg or via telephone. Author: Charlene Raves Company: Microsoft

Hits: 1

IFO-Presentation-11-14-2019.pdf

in-migrants from border states Continued dramatic change in age composition  School Age and Working Age cohorts continue to contract  Retirement wave continues | Begin to see dramatic increase in age 80+ November 14, 2019 6 PA Population Snapshots November

Hits: 1

IFO Five-Year Outlook.pdf

is successful, DOC will realize significant savings.  Rising inmate health care costs could apply budget pressure.  New wage contracts can influence expenditures. Trends ($ millions) 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Inflation

Hits: 1

HTAE_2019_05_15.pdf

517 660 1,063 Total Income Gain ($ million) 3,510 Note: Total gain includes incomes lost due to projected employment contraction. Computations assume all workers moved to $12.00/hour. In practice, some would receive a higher hourly wage to maintain

Hits: 1

House Budget Hearing Request.pdf

for the opportunity to submit additional information on these topics. If you have further questions, please do not hesitate to contact my office. Sincerely, Matthew J. Knittel Director Enclosures 3 Table A Pennsylvania Federal Tax Returns by Age of Primary Income

Hits: 1

Five_Year_Outlook_2017_PSERS_State_Share_Update.pdf

Rachel Carson State Office Building, 400 Market Street, Harrisburg PA 17105 www.ifo.state.pa.us | (717) 230-8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE To: Matthew Knittel, Director From: Mark J. Ryan Subject: Updated Projections for the

Hits: 1

Five_Year_Outlook_2014_Press_Release.pdf

timely analysis of fiscal, economic and budgetary issues. Follow the Independent Fiscal Office on Twitter at www.twitter.com/ind_fisc_office. Contact: Matthew Knittel, 717-230-8293 or Mark Ryan, 717-917-6379 # # # Author: MJR Company: Microsoft CreationDate: 2014-11-13 22

Hits: 1

Five-Year-Outlook-Nov-2013-Press-Release.pdf

timely analysis of fiscal, economic and budgetary issues. Follow the Independent Fiscal Office on Twitter at www.twitter.com/ind_fisc_office. Contact: Matthew Knittel or Mark Ryan, 717-230-8293 # # # Author: mryan CreationDate: 2013-11-14 22:18:20 Creator: PScript5.dll

Hits: 1

EPLC Feb 2020 FINAL.pdf

Police Fee ($136 million)  Unclear whether they will be enacted Various long-term demographic concerns  Declining birth rates | Contracting labor force  Rapid growth age 80+ (healthcare costs accelerate) Policymakers should consider recession scenarios  Rainy Day Fund = $340

Hits: 1

Economic_and_Revenue_Update_Presentation_August_2020.pdf

U.S. Bureau of Labor Statistics, NY Federal Reserve Board, Zillow and U.S. Census Bureau Household Pulse Survey. Recent Contraction of PA Payroll Jobs August 19, 2020 3 YOY Number Change (000s) YOY Percent Change April May June April May

Hits: 1

Economic_and_Budget_Outlook_2021_Annoucement_Final.pdf

on the link to register and receive an invitation to the briefing, which will be held virtually. (717) 230-8293 contact@ifo.state.pa.us www.ifo.state.pa.us CreationDate: 2021-01-11 12:37:29 Creator: Canva Keywords: DAEHx08e5bU

Hits: 1

Econ Summit Presentation Feb 28 2017.pdf

1.0 billion. • Long-run growth rate of expenditures > revenues.  Economic growth to remain subdued. • Demographics dominate. Workforce may contract.  Budget requires close scrutiny. • Certain programs grow automatically (healthcare and retirement). • Forward looking investments may comprise a smaller share

Hits: 1

Announcement-Updated_Revenue_Estimates_and_Report.pdf

of the state’s fiscal condition for the current year and the next five fiscal years. For more information, please contact Matthew Knittel at (717) 230-8293. Author: Mark Ryan Company: Microsoft CreationDate: 2016-01-21 21:21:17 Creator: Acrobat

Hits: 1

ACN_SB1_A01354_A01558_2017_06_03a.pdf

long or short lifespans. Due to the pooling of funds, employees bear no longevity risk in a DB plan. By contrast, some retir- ees will outlive their assets in a DC plan, while others may have significant resources that remain at

Hits: 1

2020_Impact_Fee_Estimate.pdf

to 58 Pa.C.S. § 2301, the price used is the annual average of the settled prices for near- month contracts on the New York Mercantile Exchange (NYMEX) in million British thermal units (MMBtu). This is the national benchmark price for

Hits: 1

2019_Wage_Contract_Summary_Table.pdf

in dollar millions. Fiscal impact includes wages, benefits and healthcare costs. Agreements with missing figures will be populated when the contract summaries and data are received from the Office of Administration. The estimates for non-represented and management assume that the

Hits: 1

2019-Pub-2.pdf

Strategy for Growth Matt Gardner, Institute on Taxation and Economic Policy: Business Taxation and Sustainable Economic Development (717) 230-8293 contact@ifo.state.pa.us CreationDate: 2019-11-05 14:52:52 Creator: Canva Keywords: DADm-scWNSg,BACEQ8zYs40 ModDate: 2019-11-

Hits: 1

2015_Economic_and_Budget_Outlook.pdf

s Economic & Budget Outlook: Fiscal Years 2015-16 to 2020-21 will be available. Questions / Information: (717) 230-8293 or contact@ifo.state.pa.us. Author: mryan CreationDate: 2015-11-16 22:16:26 Creator: PScript5.dll Version 5.2.2

Hits: 1

2013-05_Monthly_Economic_Summary.pdf

rate may look promising if viewed individually, but worrisome if one finds that the drop is due to labor force contraction. The underemployment rate, which is perhaps a more complete depiction, can be very useful in revealing la- bor force issues

Hits: 1

2013-03b Monthly Economic Summary.pdf

residents can use to spend, save or pay down debt. In 2008, the ratio peaked at 1.27 as DCI contracted (-2.1 percent) from the 2008-09 recession while consumer debt continued to increase (4.3 percent). From 2008 to

Hits: 1

2013-01 Monthly Economic Report.pdf

implies that the $7.5 billion impact from expiration of the payroll tax cut causes an approxi- mate 1 percent contraction of the Pennsylvania economy. Short-Term Budget Impact Full-year impact on disposable income 5,031 Share of tax cut

Hits: 1

2012-09 Monthly Economic Summary 7.pdf

pop- ulation is expected to grow from 15.6 percent in 2011 to roughly 22.6 percent by 2030. By contrast, the share of residents under 20 years of age will de- cline from 26.6 percent in 2011 to 22

Hits: 1

2004_srpvffinal.pdf

Age 55 Variable State enabling legislation gives local governments wide latitude in establishing plans. Plans largely administered through local government contracts with private sector service providers. Partial 25% w/5 years service, 100% w/15 years Age 55 or 15 years

Hits: 1

2001_hr266.pdf

a DB or DC plan, including any liability 18 for poor investment performance in a DC plan and possible 19 contract impairment issues. 20 (5) An analysis of any changes in the fiduciary 21 responsibilities and duties of the Commonwealth and

Hits: 1

Right-to-Know

include sufficient detail to allow the Open Records Officer to locate the information requested, and should include the requester's contact information. Requests should be sent to the IFO Open Records Officer: Open Records Officer: Mathieu Taylor Office Address: 2nd Floor

Hits: 1

Releases

Full Report Older Newer Release Type • Revenue Estimates • Revenue & Economic Update • Performance Budgeting • Natural Gas • Pension Analysis • Property Tax • Wage Contracts • Tax Credit Review • News Stand & Other Archives Year: All 2021 2020 2019 2018 2017 2016 2015 2014 2013 • February 2021

Hits: 1

Pensions

curriculum without being subject to the cessation of annuity provisions of the Code; 4) define "extracurricular position" to mean a contract position filled by an annuitant that is separate from the established academic course structure, including the position of athletic director

Hits: 1