Pennsylvania Electricity UpdateThis report utilizes data from the U.S. energy Information Administration to display recent trends for the Pennsylvania and regional electricity markets. The report examines recent trends in net generation, net exports, CO2 emissions and prices. 03/07/2024 |
Natural Gas Quarterly Update, 2023Q3This document uses data from the Pennsylvania Department of Environmental Protection, the U.S. energy Information Administration and Natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices. 12/04/2023 |
Natural Gas Quarterly Update, 2023Q2This document uses data from the Pennsylvania Department of Environmental Protection, the U.S. energy Information Administration and Natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices. 09/07/2023 |
Natural Gas Quarterly Update, 2023Q1This document uses data from the Pennsylvania Department of Environmental Protection, the U.S. energy Information Administration and Bentek energy to provide a quarterly update on recent trends in production volume, well counts and average spot prices. 05/31/2023 |
Pennsylvania Electricity UpdateThis research brief uses data from the U.S. energy Information Administration to provide a general overview of the Pennsylvania electricity market. 03/14/2022 |
Tax Credit ReviewsIFO presentation of the Mixed-Use Development, Brewers’, Coal Refuse energy and Reclamation and Educational Tax Credit Reviews. 01/24/2022 |
Mixed-Use Development Tax CreditAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the fourth year, the IFO reviewed the Brewers', Coal Refuse energy and Reclamation, Educational and Mixed-Use Development Tax Credits. Click on the link to access the Mixed-Use Development Tax Credit Report. 01/20/2022 |
Brewers' Tax CreditAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the fourth year, the IFO reviewed the Brewers', Coal Refuse energy and Reclamation, Educational and Mixed-Use Development Tax Credits. Click on the link to access the Brewers’ Tax Credit Report. 01/20/2022 |
Educational Tax CreditsAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the fourth year, the IFO reviewed the Brewers', Coal Refuse energy and Reclamation, Educational and Mixed-Use Development Tax Credits. Click on the link to access the Educational Tax Credits Report. 01/20/2022 |
Coal Refuse energy and Reclamation Tax CreditAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the fourth year, the IFO reviewed the Brewers', Coal Refuse energy and Reclamation, Educational and Mixed-Use Development Tax Credits. Click on the link to access the Coal Refuse energy and Reclamation Tax Credit Report. 01/20/2022 |
Pennsylvania Electricity UpdateThis research brief uses data from the U.S. energy Information Administration to provide a general overview of the Pennsylania electricity market. 09/09/2021 |
Pennsylvania Impact Fee and Natural Gas Trends PresentationRevenue Analyst Jesse Bushman made a presentation to the Center for energy Policy and Management at Washington & Jefferson College regarding regional natural gas trends and how they are affecting the state's Impact Fee. 07/14/2020 |
Testimony by Director Matthew Knittel regarding a proposed severance taxTestimony by Director Matthew Knittel regarding a proposed severance tax . The information was presented at a public hearing conducted by the Senate Environmental Resources and energy and Finance Committees (June 2015). 06/01/2015 |
TC_2022_Coal_Refuse_Energy_and_Reclamation.pdfreports available to the public on the IFO website. This report contains the tax credit review for the Coal Refuse Energy and Reclamation (CRER) Tax Credit. The IFO reviewed studies on the coal refuse to energy and reclamation industry, held discussions with various stakeholders and met with agency staff who administer the tax credit. Based on Hits: 59 |
2007_divestment_complete_report.pdfgovernments to direct divestiture from, and prevent investment in, companies with investments of $20 million or more in Iran's energy sector, companies that sell arms to the Govern- ment of Iran, and financial institutions that extend $20 million or more person, whether within or outside of the United States, that has an investment of more than $20 million in the energy sector in Iran; and (2) maintain on the website of the Department of the Treasury the names of the persons Hits: 37 |
index.cfmRevenue Estimates Revenue & Economic Update Performance Budgeting Energy Pension Analysis Property Tax Wage Contracts Tax Credit Review Economics and Other Featured Releases Child Care Stimulus Funds Depleted Economics benchmark revision made by the U.S. Bureau of Labor Statistics to Pennsylvania payroll jobs. ... (Full Report) Pennsylvania Electricity Update Energy March 07, 2024 This report utilizes data from the U.S. Energy Information Administration to display recent trends for the Hits: 33 |
PBB_2020_DEP_Report.pdfPrograms and District Operations............................................................ 35 Activity 13: Abandoned Mine Reclamation ........................................................................... 37 Activity 14: Mine Safety ..................................................................................................... 39 Activity 15: Energy Programs ............................................................................................. 41 Activity 16: Laboratory Services.......................................................................................... 43 Activity 17: Administration ................................................................................................. 45 Appendix .......................................................................................................................... 47 Performance-Based Budgeting and Tax Credit Review Schedule .........................................47 lands affected by historical mining 14 Mine Safety…………………………………………………. Ensure health and safety of miners throughout the state 15 Energy Programs…………………………………………. Guide Pennsylvanians to smarter energy choices 16 Laboratory Services…………………………………….. Test environmental samples to protect the environment 17 Administration……………………………………………... Provide leadership and Hits: 31 |
TC_2023_PA_Resource_Manufacturing.pdfethylene (“cracker plants”). However, some states have created tax credits for the benefit of specific manufacturing industries (primarily in renewable energy or alternative fuels). Pennsylvania currently has one ethylene cracker plant that began operation in November 2022. This analysis examines available However, some states have en- acted special tax credits to encourage the development of specific manufacturing industries, pri- marily renewable energy or alternative fuels. The Gulf Coast produces over half of the nation’s ethane and is the regional birthplace Hits: 27 |
RB-2016-02.pdfDevelopment administers programs related to business growth, tourism and general economic development. Environmental Protection awards loans and grants to encourage energy efficiency and conservation measures and the use of alternative fuels. Executive Offices administer programs relating to the arts industry. Labor throughout various stages of the lifecycle. Grants and funding are provided through Ben Franklin Technology Development Authori‐ ty Fund expenditures. Energy Development Projects $0 $7,694 Provides project funding for facilities to liquefy or re Ðine natural gas, oil or other Hits: 24 |
PBB_2019_DGS_Report.pdfOperations ......................................................................... 15 Activity 5: Pre-Construction and Construction ...................................................................... 19 Activity 6: Capitol Police .................................................................................................... 21 Activity 7: Facilities and Energy Management ...................................................................... 23 Activity 8: Real Estate Management .................................................................................... 27 Activity 9: Risk and Insurance Management ........................................................................ 31 Activity 10: Diversity, Inclusion and Small Business consolidating print and mail operations; improving small and diverse business opportunities; and reinvigorating the Commonwealth’s energy management and alternative energy efforts. In 2017, DGS began pursuing innovation in a more comprehensive and systematic way than had ever been Hits: 19 |
IFO_Hearing_Materials_March_2023.pdf9 Demographics – Migration by Age Group and Region ................................................ 10 Revenues – Fiscal Year-to-Date ............................................................................... 11 Revenues – General Fund Projections ...................................................................... 12 Energy Trends ........................................................................................................ 13 Regional Greenhouse Gas Initiative .......................................................................... 15 State and Local Tax Burden ..................................................................................... 16 Corporate Net Income Tax State Comparison ........................................................... 17 7% Medical Care 7.8% 4.0% 2.8% 0.8% -0.2% 4.1% 6.4% 4.9% All Energy 6.9% 3.9% 19.8% 24.4% 24.4% 46.0% 22.2% 6.6% Household Energy 4.2% Hits: 14 |
Budget_Hearing_Background_Feb2016.pdffor calendar year 2015. The U.S. Economy: Recent Trends Corporate domestic profits continue to decline. A dramatic decline in energy prices and appreciation of the U.S. dollar drive very low inflation. Annual Growth Rate 2014 Q3 2014 Q4 2015 Philadelphia Consumer Price Index Falls Average consumer prices in the Philadelphia metro region fall in December 2015. Due to low energy prices and a strong dollar, which restrains the cost of imports. The great majority of imports are goods, not services Hits: 13 |
Monthly_Economic_Update_July_2023.pdfJune 2023, the index grew 3.1%, a notable deceleration from April (4.7%). Published bi-monthly. All Items Less Energy (93.1%) Excludes the small, but volatile, energy component. Deceleration was much more moderate, falling from 5.4% (April) to 4.9% (June). Published bi-monthly. Rent of Hits: 11 |
Single-Use Plastics Report-2020_06.pdf0 10 20 30 40 1960 1970 1980 1990 2000 2010 2017 Millions of Tons Landfilled Combusted w/ Energy Recovery Recycled or Composted Introduction | Page 5 Bag Types Considered This analysis focuses on four bag types that are used in the 64 Information supplied by representatives of the plastics industry. 65 “Natural Gas Gross Withdrawals and Production,” U.S. Energy Information Administration, (2020). 66 Daniel Brockett, “How Plastic is Made from Natural Gas,” Penn State Extension (2017). Manufacturers | Page 34 liquid that Hits: 10 |
PBB_2020_DHS_REPORT_Final_Updated.pdfHHS, ACF. LIHEAP Eligibility and Benefits | Page 45 Activity 13: LIHEAP Eligibility and Benefits The Low-Income Home Energy Assistance Program (LIHEAP) is administered by DHS and consists of three components: (1) cash benefits to help eligible households purchase home-heating or pay a utility bill, (2) crisis payments to restore heat or prevent loss of heat and (3) energy conservation and weatherization measures to address the home-heating problems and repair heating-related equipment of low-income households. Energy Conservation and Hits: 10 |
PBB_2020_DCED_REPORT.pdfhigh-hazard dams, (2) the improvement of transportation assets that enhance communities, pedestrian safety and transit revitalization, (3) energy efficiency upgrades for public buildings and (4) the improvement of water and wastewater infrastructure. The primary goals and outcomes of this activity 19 19-20 Act 13 Programs $14.3 $0.4 $28.4 $15.5 $16.2 -- Alternative Clean Energy 49.5 0.6 17.3 8.2 11.6 -- H2O PA 0.0 5.2 0.0 1.9 8.7 Hits: 9 |
MER-2015-04.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 9 |
PBB_2023_DCNR_REPORT.pdfForest backlog ($ millions) -- -- -- -- -- $420 Projects completed on-time (original, %) Projects completed on time (with extensions, %) Project cost over budget (%) Annual energy savings from solar ($000s) $1 $18 $48 $58 $71 $176 -- Recommended measure -- -- Recommended measure -- Key Metrics to Monitor -- Recommended measure funding for FY 2021-22 to address infrastructure issues in state parks and forests. This activity includes the department’s energy efficiency efforts, such as the installation of solar panels throughout the parks and forests, which generated $370,000 in total Hits: 8 |
MTR-2017-02.pdf293 Growth 1.2% 1.0% 19.0% Dollar amounts are in millions. PA ELECTRICITY SOURCES CHANGING The U.S. Energy Information Administration (EIA) publishes state and national data on the composition of energy sources that are used to generate electricity for the residential, commercial and industrial sectors. Historically, coal and nuclear energy were Hits: 8 |
Impact_Fee_Update_Outlook_2021.pdf2021 monthly average price through June is $2.76, a 50.6% increase from the same period in 2019. Bentek Energy projects that the Henry Hub price will average $3.07 from July to December. If that projection holds, then the cubic feet. Table 3: Impact Fee Annual Effective Tax Rates Source: Pennsylvania Public Utility Commission, Department of Environmental Protection, Bentek Energy and the U.S. Energy Information Administration. 1 Weighted average spot price converted to dollars per Mcf using Pennsylvania heat Hits: 8 |
IFO_Testimony_RGGI_Nov_4_2022.pdf1 Testimony on RGGI Modeling Assumptions Joint Hearing of the Senate Environmental Resources and Energy Committee and Community, Economic and Recreational Development Committee March 29, 2022 Matthew Knittel, Director, Independent Fiscal Office Good morning Chairs Approach scenario, the model assumed that each new dollar of RGGI investment would leverage $2.52 of private investment for energy efficiency (31% of proceeds) and renewables investment (32%). It is not known if that leverage ratio would hold if investments Hits: 8 |
Budget Hearings Packet.pdfwide-ranging discussions regarding Pennsylvania’s economic and consumer outlook, labor market, revenue collections, demographics, long-term fiscal outlook and energy industry trends. The office has compiled some of the most frequently requested data, including select interstate comparisons, and enclosed it of Economic Analysis. (6) Inflation in both the Pittsburgh and Philadelphia metro regions accelerates. This outcome is largely due to energy prices, which continue to recover. Core inflation, which excludes energy purchases, is approaching the Federal Reserve's target rate. Year- Hits: 8 |
Budget Hearings Packet- Web Version.pdfwide-ranging discussions regarding Pennsylvania’s economic and consumer outlook, labor market, revenue collections, demographics, long-term fiscal outlook and energy industry trends. The office has compiled some of the most frequently requested data, including select interstate comparisons, and enclosed it of Economic Analysis. (6) Inflation in both the Pittsburgh and Philadelphia metro regions accelerates. This outcome is largely due to energy prices, which continue to recover. Core inflation, which excludes energy purchases, is approaching the Federal Reserve's target rate. Year- Hits: 8 |
MTR-2015-10.pdfwould have been added to the state economy. The recent decline in consumer prices is primarily the result of depressed energy costs. Although energy purchases comprise only 11.5% of total consumer purchases used in the CPI computation, its high volatility can have a Hits: 7 |
Monthly_Economic_Update_August_2023.pdfYOY)): All Items CPI-U (100%) The CPI-U for the Philadelphia metro region. Published bi-monthly. All Items Less Energy (93.1%) Excludes the small, but volatile, energy component. Published bi-monthly. Rent of Primary Residence (5.5%) The cost to rent a primary residence. Rent rose 8 Hits: 7 |
MER-2014-12.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 7 |
MER-2014-10.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 7 |
Impact-Fee-Update-Outlook-2020.pdfmonthly average price through June is $1.83, the lowest January-June average since the impact fee’s inception. Bentek Energy projects that the Henry Hub price will average $2.34 from August to December. If the average price is below cubic feet. Table 3: Impact Fee Annual Effective Tax Rates Source: Pennsylvania Public Utility Commission, Department of Environmental Protection, Bentek Energy and the U.S. Energy Information Administration. 1 Weighted average spot price converted to dollars per Mcf using Pennsylvania heat Hits: 7 |
Impact-Fee-Update-Outlook-2019-06.pdffor a calendar year average of $2.93, which is below the $3.00 threshold for a schedule adjustment. Bentek Energy forecasts that the Henry Hub spot price will average $2.90 for the remainder of 2019. Historically, futures prices on MMcf is million cubic feet. Mcf is thousand cubic feet. Sources: Pennsylvania Public Utility Commission, Department of Environmental Protection, Bentek Energy and the U.S. Energy Information Administration. 1 Weighted average spot price converted to dollars per Mcf using Pennsylvania heat Hits: 7 |
Electricity_Update_2024.pdfa new low for CO 2 emissions from electricity generation in 2023. All data shown are from the U.S. Energy Information Administration. Net Generation Table 1 displays net electricity generation for Pennsylvania and regional states, and the composition of generation 12 -30 -139.4 Table 2: Net Exports of Electricity Note: Amounts in millions of megawatt hours. Source: U.S. Energy Information Administration. The calculation for 2023 uses 2022 amounts for direct use and line losses, which are not yet available Hits: 7 |
MER-2015-06.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 10-Year Treasury Yield on 10-year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan - Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor - Bureau of Labor Hits: 6 |
MER-2015-01.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 10-Year Treasury Yield on 10-year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan - Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor - Bureau of Labor Hits: 6 |
IFO_Hearing_Packet_Feb2019.pdfpast hearings have included discussions regarding Pennsylvania’s economic outlook, labor market, revenue collections, demographics, long-term fiscal outlook and energy industry trends. This submission includes data, tables and graphs that have been requested in prior budget hearings. We trust they 2018. December 2018 and future years estimated by IFO. Production data represent unconventional gas only. Consumption data from U.S. Energy Information Administration and include conventional sources. Consumption total for 2018 includes actuals through November, with December estimated. Consumption forecast by Hits: 6 |
IFO_Hearing_Packet_Feb2018.pdfhave included wide-ranging discussions regarding Pennsylvania’s economic outlook, labor market, revenue collections, demographics, long-term fiscal outlook and energy industry trends. The office has compiled some of the most frequently requested data and included it with this submission. We payments were received. Final two months of 2017 estimated by IFO. Operator prices provided by DCNR ($/mmbtu). Hubprices andforecasts fromBentek Energy.Regional hubs are as follows: New York City (Transcoz6 NY); Boston (Algonquin Citygates); Chicago(Nicor Citygates). Data not weighted by Hits: 6 |
Economic_Forecast_Business_Leadership_Summit_Feb_2024.pdfFed Funds 30 Yr Mortgage 10 yr less 2 yr T-bill Lowest Rate on Record (1971) July 2022 An Energy Price Spike Too… Slide 4 Feb 2024 Economic Summit -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% Feb Summit Slide 6 Was there a permanent exodus from Labor Force? (No.) Most impacts permanent, but some deflation (durable goods, energy) Inflation creates winners and losers How about wage earners? Clear winners: homeowners, especially refinancers What industries added jobs over last Hits: 6 |
2013-06 Monthly Economic Summary - FINAL.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Independent Fiscal Office Commonwealth of Pennsylvania www.ifo.state.pa.us Sources: 1/ U.S. Department of Labor - Survey of Commerce. 4/ National Association of Realtors. 5/ University of Michigan - Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Jun-12 Apr Hits: 6 |
TC_2019_Historic_Preservation_Tax_Credit_Report.pdfhave established strong social bonds. Environmental Impacts Environmentalists note that the rehabilitation of historic buildings utilizes the “embodied energy” of existing structures. The embodied energy is the energy expended in previous construction that is embedded in the existing structure. Research finds that fifteen to thirty times as Hits: 5 |
Summary_Tax_Credit_Reviews_Oct_2023.pdfZone Program ................................................................................. 11 Neighborhood Assistance Program.................................................................................................. 12 Resource Enhancement and Protection ........................................................................................... 13 Video Game Production.................................................................................................................. 14 Brewers’ ....................................................................................................................................... 15 Coal Refuse Energy and Reclamation .............................................................................................. 16 Educational ................................................................................................................................... 17 Mixed-Use Development ................................................................................................................ 18 Manufacturing ............................................................................................................................... 19 Resource Manufacturing ................................................................................................................ 20 Rural Jobs and Investment............................................................................................................. 21 Waterfront review finds that that the tax credit does not achieve its intended purpose. Changes Enacted None. Page 16 Coal Refuse Energy and Reclamation Report Cycle 2022 Purpose Reduce or eliminate the environmental impact and various negative externalities imposed on communities by Hits: 5 |
RB_2023_03_Electricity_Update.pdfRecent data from the U.S. Energy Information Administration (EIA) show that Pennsylvania remains the top electricity exporter across all states. For 2022, Pennsylvania exported 80.5 31.2 21.1 -32.3% 37.4% Net Exports Note: Amounts in millions of megawatt hours. Source: U.S. Energy Information Administration. The calcualtion for 2022 uses 2021 amounts for direct use and line losses, which are not yet available Hits: 5 |
RB-2017-5.pdfalso record larger relative declines during downturns and recessions. The corporate net income tax rankings show that many natural resource/energy- producing states (e.g., Oklahoma and Louisiana) ranked low due to the collapse in energy prices beginning in 2014. Pennsylvania ranked 21 st out of 32 states during this time period. It is noted that Hits: 5 |
PMTA_Presentation_April_2023.pdf2023 3 Feb 2022 June 2022 Feb 2023 Update or Note Philadelphia CPI-U 7.3% 8.8% 6.9% Energy Only 24.4% 46.0% 6.6% -5.3% (March) Grocery Only 10.1% 13.1% 13.3% 12.1% low # Unemployed (000s) 284 277 284 Note: All growth rates are year over year. Recent max values in bold blue. Energy is 7% of CPI-U and includes gasoline and household utilities. Groceries are 7.6% of CPI-U. Sources: U Hits: 5 |
Official-Revenue-Estimate-2018-06.pdfpressures for the Philadelphia metro region. For the first quarter of 2018, the core CPI-U, which excludes energy, declined from the same quarter in the prior year. The forecast projects that inflation will accelerate moderately through the remainder of 2018 rates for the first quar- ter, which were 2.3 percent (all items) and 1.9 percent (excludes energy). Year-Over-Year Growth Rates 2013 2014 2015 2016 2017 Philadelphia Metro CPI-U 1.2% 1.3% -0.1% 0.6% Hits: 5 |
NGPR-2021-Q1.pdfcomprise over 99% of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 5 |
MER-2015-03.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 5 |
MER-2015-02.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 5 |
MER-2013-11.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Independent Fiscal Office Commonwealth of Pennsylvania www.ifo.state.pa.us Sources: 1/ U.S. Department of Labor - Survey of Commerce. 4/ National Association of Realtors. 5/ University of Michigan - Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Nov-12 Sept Hits: 5 |
Initial-Revenue-Estimate-2018-05.pdfpressures for the Philadelphia metro region. For the first quarter of 2018, the core CPI-U, which excludes energy, actually declined from the same quarter in the prior year. The forecast projects that inflation will accelerate moderately through the remain- der S. rates for the first quarter, which were 2.3 percent (all items) and 1.9 percent (excludes energy). Year-Over-Year Growth Rates 2013 2014 2015 2016 2017 Philadelphia Metro CPI-U 1.2% 1.3% -0.1% 0.6% Hits: 5 |
IFO_Hearing_Materials_Feb_22_2022.pdfDec 20 Jun 21 Dec 21 Philadephia CPI-U 100% 2.4% 0.1% 1.1% 4.9% 6.6% Energy 6% 2.1% -13.7% -3.3% 19.8% 25.1% Durable Goods 10% 0.9% -2.8% 7.0% Exchange, upon which the impact fee schedule is based. 5 Weighted average spot price of major Pennsylvania hubs. Source: Bentek Energy. Impact Fee and Natural Gas Trends 1 Impact fee revenues as reported by the PUC (millions). Revenues shown according to Hits: 5 |
Roundtable_Jan_2024_Final.pdfAll Jobs include self-employed. Annual Growth Philly CPI-U • Peaks June 2022 at 8.8% • Core excludes food and energy • Shelter continues to run very high • Inflation to remain elevated in 2024 due to (1) lagging shelter component (2) no more energy and durable goods deflation 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% core +4.7% (81%) all items Hits: 4 |
Revenue_Estimate_2023_06.pdf2023) with further rapid deceleration likely for June due to peak inflation in June 2022 (8.8%) driven a temporary energy price spike (i.e., base year effects). The economic forecast projects deceleration to 3.8% by December 2023. Preliminary tax collections are expected to exceed the IFO official estimate by $135 million, largely due to much higher than expected energy prices. The revised estimate for realty transfer tax is $148 million lower than the IFO’s official estimate and Hits: 4 |
Revenue_Estimate_2021_05.pdfindividual sub-indices that comprise the main index. The bottom of the table displays two other series: All Items Less Energy (2.7% for April) and All Items Less Shelter (5.0%). The first excludes all energy-related components and comprises 94% of the total CPI-U index. Due to the volatility of energy prices, some analysts Hits: 4 |
Revenue-Proposal-Analysis-2018-04.pdfand the average annual price of natural gas on the NYMEX. The analysis utilizes production estimates from Bentek Energy that were adjusted by the IFO. Projected tax collections equal the product of the assumed tax rate and unconventional natural gas production 1 Tax rate based on average annual NYMEX price of natural gas. 2 Unconventional production projected by Bentek Energy, adjusted by the IFO. Includes production from May to April, except for the initial year, which includes production from July to April Hits: 4 |
PBB_2021_DMVA_REPORT_ADDENDUM.pdf53% 53% Emergency work order completion rate 3,4 -- -- -- 89% 92% -- % Properties inspected 3,5 -- 20% 23% 20% 21% -- Annual energy costs ($ millions) 6 -- -- $6.0 $5.8 $5.2 -- % DMVA's highest energy consuming structures receiving a level II energy audit 3,7 -- 10% 11% 13% 9% -- % Facilities audited by the Environmental Performance Hits: 4 |
PASBO_Presentation_March_16_2023.pdf2022 Dec 2022 Latest Latest Data For Philly CPI-U All Items 8.8% 6.4% 6.9% February 2023 Energy Only 46.0% 11.8% 6.6% February 2023 Grocery Only 13.1% 14.2% 13.3% February 2023 Gasoline January 2023 Wage Growth 9.8% 5.6% 5.1% 2023 Q1 Note: All growth rates are year over year. Energy is 7.0% of CPI-U and includes gasoline and household utilities. Groceries are 7.6% of CPI-U. Sources Hits: 4 |
PACBI_Presentation_March_13_2023.pdf2023 2 June 2022 Dec 2022 Latest Notes Philly CPI-U All Items 8.8% 6.4% 6.4% projection Energy Only 46.0% 11.8% 11.0% January actual Grocery Only 13.1% 14.2% 14.3% January actual Gasoline January actual Wage Growth 9.8% 5.6% 5.1% 2023 Q1 Note: All growth rates are year over year. Energy is 7% of CPI-U and includes gasoline and household utilities. Groceries are 7.6% of CPI-U. Sources: U Hits: 4 |
NGQU_2023_Q1.pdfFISCAL OFFICE FIRST QUARTER 2023 This document uses data from the Pennsylvania Department of Environmental Protection (DEP), the U.S. Energy Information Administration and Bentek Energy to provide a quarterly update on natural gas production and prices. The table below shows recent trends in quarterly unconventional Hits: 4 |
NGPR_2022_Q4.pdfThe report also includes (1) county-level production and well count comparisons, (2) state production comparisons from the U.S. Energy Information Administration (EIA) and (3) natural gas hub spot price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 4 |
NGPR_2022_Q3.pdfThe report also includes (1) county-level production and well count comparisons, (2) state production comparisons from the U.S. Energy Information Administration (EIA) and (3) natural gas hub price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 4 |
NGPR_2022_Q2.pdfThe report also includes (1) county-level production and well count comparisons, (2) state production comparisons from the U.S. Energy Information Administration (EIA) and (3) natural gas hub price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 4 |
NGPR_2021_Q4.pdfcomprise over 99% of total production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 4 |
NGPR_2021_Q3.pdfcomprise over 99% of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 4 |
NGPR_2021_Q2.pdfcomprise over 99% of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 4 |
NGPR_2020_Q4.pdfover 99 percent of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 4 |
NGPR_2020_Q3.pdfover 99 percent of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 4 |
NGPR-2022-Q1.pdfcomprise over 99% of total production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 4 |
NGPR-2020-Q2.pdfover 99 percent of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 4 |
NGPR-2020-Q1.pdfover 99 percent of unconventional production in Pennsylvania. The report also provides (1) state production comparisons from the U.S. Energy Information Administration (EIA) and (2) recent regional price trends from Bentek Energy. Production Volume and New Wells Spud Recent data from DEP show that natural gas production volume from horizontal wells was Hits: 4 |
NFIB_Feb_2024.pdfmultiple jobs holder counted once Annual Growth Philly CPI-U • Peaks June 2022 at 8.8% • Core excludes food and energy • Shelter continues to run very high • Inflation to remain elevated in 2024 due to (1) lagging shelter component (2) no more energy and durable goods deflation 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% core +4.7% (81%) all items Hits: 4 |
MTR-2016-09.pdfCPI-U) shows even weaker regional inflation (-0.1% and 0.4%, respectively). 1 Originally driven by a collapse in energy prices, this trend has now spread to commodities such as groceries. Through August, the CPI-U data show that general S. and PA prices falling by nearly 20% during the past two years. Some articles attribute the decline to falling energy prices, which reduce refrigeration and transportation costs. 3 However, other factors are also relevant for the dairy industry. A major Hits: 4 |
MSC_March_31_2022.pdfRecent Rapid Acceleration of Inflation March 31, 2022 13 Very High (Feb 22) Used Cars +42.7% Gasoline +31.6% Energy +25.1% New Cars +22.2% Relatively Low (Feb 22) Medical Care -0.2% Education-Comm +1.3% Rent Primary 34.7 Virginia 54.1 3.1 28.6 8.5 94.3 133.2 -38.8 Source: U.S. Energy Information Administration. Electricity Exports by State (2021) Net Generation Note: Amounts in millions of megawatt hours. Total consumption includes 2020 Hits: 4 |
Monthly_Economic_Update_May_2022.pdfvs. 4.7%). For April, the growth rate differential increased to 1.0 ppt (6.1% vs. 5.1%). ▪ The Energy CPI component includes gasoline and utilities and comprises 7.0% of the Philadelphia CPI. In February, the Philadelphia Energy component increased by 1.2 ppts less than the U.S. (24.4% vs. 25.6%). For April, the growth Hits: 4 |
Monthly_Economic_Update_May_2021.pdfThe rate was also much higher than February (1.0%), and the acceleration was due to strong gains related to energy, medical care and prices for other goods and services. The All Items Less Energy index increased by 2.7%. However, the All Items Less Shelter index was up 5.0%. Many analysts have noted Hits: 4 |
Monthly_Economic_Update_June_2022.pdfPennsylvania Fuel Prices Reach Highest Level On Record The U.S. Energy Information Administration releases weekly gasoline and diesel fuel prices for the U.S. and by region. Pennsylvania is included in and non-taxable discretionary purchases. Monthly Economic Update June 2022 Central Atlantic Gasoline and Diesel Fuel Prices Source: U.S. Energy Information Administration. $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 Jun-19 Aug-19 Hits: 4 |
Monthly_Economic_Update_April_2020.pdfLabor Statistics reported that the CPI-U dropped 0.4% in March (seasonally adjusted) compared to the prior month. The energy (-5.8%), apparel (-2.0%) and transportation services (-1.9%) categories recorded the largest declines. Despite the suspension of restaurant also impacted by the pandemic and business closures; prices recorded an unprecedented monthly decline (-54%). Excluding the volatile food and energy categories, March consumer prices declined 0.1% from February. Monthly Economic Update April 2020 Monthly Data Dec-19 Jan-20 Hits: 4 |
Mid_Year_FY16-17_Presentation.pdf7% 4.0% 3.4% Note: Amounts in parentheses represent weights used in CPI computation. Core CPI-U excludes all energy purchases such as household fuel and gasoline. Source: U.S. Bureau of Labor Statistics. 25.Jan.2017 6 Year-Over-Year Growth Rates PA Energy Inflation Returns -40% -30% -20% -10% 0% 10% Residential Electricity Residential Natural Gas Gasoline Source: U.S. Energy Information Administration Hits: 4 |
MER-2014-11.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 4 |
MER-2014-09.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 4 |
MER-2014-08.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 4 |
MER-2014-07.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 4 |
MER-2014-06.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 4 |
MER-2014-05.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 4 |
MER-2014-04.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 4 |
MER-2014-03.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 4 |
MER-2014-02.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 4 |
MER-2014-01.pdffrom month end. 8 Consumer Price Index (CPI ‐ U) Year‐over‐year change in average price level. Includes outlays for energy. 9 10‐Year Treasury Yield on 10‐year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan ‐ Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor ‐ Bureau of Labor Hits: 4 |
MER-2013-12.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 10-Year Treasury Yield on 10-year U.S. Treasury note. 8 Sources: 1/ U.S. Department of Labor of Commerce. 4/ National Association of Realtors. 5/ University of Michigan - Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Market data compiled by the Wall Street Journal. 9/ U.S. Department of Labor - Bureau of Labor Hits: 4 |
June_Revenue_Estimate_2021.pdfindividual sub-indices that comprise the main index. The bottom of the table displays two other series: All Items Less Energy (2.7% for April) and All Items Less Shelter (5.0%). The first excludes all energy-related components and comprises 94% of the total CPI-U index. Due to the volatility of energy prices, some analysts Hits: 4 |
Impact_Fee_Update_Outlook_2022.pdfCY 2022 monthly average price through June is $6.06, a 119% increase from the same period in 2021. Bentek Energy projects that the Henry Hub price will average $7.36 from July to December. If that projection holds, then the 3 Does not include natural gas liquids. Millions of dollars. Sources: Pennsylvania Public Utility Commission, Department of Environmental Protection, Bentek Energy and the U.S. Energy Information Administration. 1 Production data from DEP. Bcf is billion cubic feet. INDEPENDENT FISCAL OFFICE Hits: 4 |
Impact-Fee-Update-2018-Outlook-2018-06.pdffor a calendar year average of $2.93, which is below the $3.00 threshold for a schedule adjustment. Bentek Energy forecasts that the Henry Hub spot price will average $3.07 for the remainder of 2018. Historically, futures prices on Mcf is thousand cubic feet. MMcf is million cubic feet. Sources: Pennsylvania Public Utility Commission, Department of Environmental Protection, Bentek Energy and the U.S. En- ergy Information Administration. 1 Weighted average spot price converted to dollars per Mcf using Pennsylvania Hits: 4 |
Impact-Fee-Update-2017-Outlook-2017-07.pdfa calendar year average of $3.19. This level is above the $3.00 threshold for a schedule adjustment. Bentek Energy forecasts that the Henry Hub spot price will average $3.32 for the remainder of 2017. Historically, futures prices on Mcf is thousand cubic feet. MMcf is million cubic feet. Sources: Pennsylvania Public Utility Commission, Department of Environmental Protection, Bentek Energy and the U.S. En‐ ergy Information Administration. 1 Weighted average spot price converted to dollars per Mcf using Pennsylvania Hits: 4 |
Five_Year_Outlook_2020.pdfannum. Following a two-year recovery period, the forecast assumes that the Pennsylvania economy operates at its long-term potential, energy prices and interest rates do not increase dramatically and a recession does not occur. Therefore, the forecast likely reflects an that: The Federal Reserve achieves its target inflation rate of 2.0 percent. Interest rates remain relatively low. Energy prices do not increase dramatically. Wage earners receive raises that exceed inflation (i.e., real wages increase). Payroll Hits: 4 |
Electricity_Update_Sep_2021.pdfthis research brief to provide a general overview of the Pennsylvania electricity market. According to data from the U.S. Energy Information Administration (EIA), Pennsylvania is the top exporter of electricity in the country by a significant margin. Table 1 shows 121.1 149.2 -28.1 Massachusetts 14.0 -- -- 4.4 18.4 53.0 -34.6 Source: U.S. Energy Information Administration. Table 1 - Electricity Exports by State (2020) Net Generation Note: Amounts in millions of megawatt hours. Total consumption Hits: 4 |
Electricity_Update_March_2022.pdfa research brief published by the IFO in September 2021 and incorporates the latest data published by the U.S. Energy Information Administration (EIA). Table 1 shows net electricity generation by fuel source, total electricity consumption and net exports for Pennsylvania 34.7 Virginia 54.1 3.1 28.6 8.5 94.3 133.2 -38.8 Source: U.S. Energy Information Administration. Table 1 - Electricity Exports by State (2021) Net Generation Note: Amounts in millions of megawatt hours. Total consumption Hits: 4 |
Economic_and_Revenue_Update_2020.pdfby IFO. Operator prices provided by DCNR ($/mmbtu). 2019 operator price is through October. 4 Spot prices are from Bentek Energy ($/mmbtu). 5 Annual average price of natural gas near-month settlements on the New York Mercantile Exchange, upon which the 1/1/2019 1/1/2020 Henry Hub PA Blended NYMEX Notes: Henry Hub and PA spot prices from Bentek Energy ($/mmbtu). PA Blended is a weighted average of the Dominion South and Leidy hubs. NYMEX prices from the Wall Street Hits: 4 |
2024_Mid_Year_Update_Final.pdfAll Jobs include self-employed. Annual Growth Philly CPI-U • Peaks June 2022 at 8.8% • Core excludes food and energy • Shelter continues to run very high • Inflation to remain elevated in 2024 due to (1) lagging shelter component (2) no more energy and durable goods deflation 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% core +4.7% (81%) all items Hits: 4 |
2013-10 Monthly Economic Summary.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Independent Fiscal Office Commonwealth of Pennsylvania www.ifo.state.pa.us Sources: 1/ U.S. Department of Labor - Survey of Commerce. 4/ National Association of Realtors. 5/ University of Michigan - Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Oct-12 Aug Hits: 4 |
2013-09 Monthly Economic Summary-FINAL.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Independent Fiscal Office Commonwealth of Pennsylvania www.ifo.state.pa.us Sources: 1/ U.S. Department of Labor - Survey of Commerce. 4/ National Association of Realtors. 5/ University of Michigan - Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Sept-12 Jul Hits: 4 |
2013-08 Monthly Economic Summary.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Independent Fiscal Office Commonwealth of Pennsylvania www.ifo.state.pa.us Sources: 1/ U.S. Department of Labor - Survey of Commerce. 4/ National Association of Realtors. 5/ University of Michigan - Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Aug-12 Jun Hits: 4 |
2013-07 Monthly Economic Summary.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Independent Fiscal Office Commonwealth of Pennsylvania www.ifo.state.pa.us Sources: 1/ U.S. Department of Labor - Survey of Commerce. 4/ National Association of Realtors. 5/ University of Michigan - Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Jul-12 May Hits: 4 |
2013-05_Monthly_Economic_Summary.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Independent Fiscal Office Commonwealth of Pennsylvania www.ifo.state.pa.us Sources: 1/ U.S. Department of Labor - Survey of Commerce. 4/ National Association of Realtors. 5/ University of Michigan - Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. May-12 Mar Hits: 4 |
2013-04 Monthly Economic Report.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Independent Fiscal Office Commonwealth of Pennsylvania www.ifo.state.pa.us Sources: 1/ U.S. Department of Labor - Survey of Commerce. 4/ National Association of Realtors. 5/ University of Michigan - Survey of Consumers. 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. (March 2013 is as of 3/28/13) 9/ U.S. Department of Hits: 4 |
2013-03b Monthly Economic Summary.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Mar-13 n.a. n.a. n.a. n.a. 71.8 n.a. 3.71 1,569 n 6.4% 5.1% 76.2 53.4 3.85 1,408 2.6% 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. (March 2013 is as of 3/28/13) 9/ U.S. Department of Hits: 4 |
2013-02 Monthly Economic Report.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Feb-13 n.a. n.a. n.a. n.a. 76.3 n.a. 3.67 1,516 n 6.5% 4.1% 75.3 52.4 3.58 1,366 2.9% 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. (February 2013 is as of 2/27/13) 9/ U.S. Department of Hits: 4 |
2013-01 Monthly Economic Report.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Jan-13 7.9% 200.0 n.a. n.a. 71.3 n.a. 3.31 1,498 n 7.0% 4.6% 75.0 54.1 3.38 1,312 2.9% 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Pennsylvania Economic Indicators Hits: 4 |
2012-12 Monthly Economic Summary FINAL.pdffrom month end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes outlays for energy. 9 Sep 7.8% 168.3 4.8% 9.8% 78.3 51.5 3.85 1,441 2.0% 8.0% 12.0% 63.7 52.2 3.38 1,247 3.5% 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. 10/ December value Hits: 4 |
2012-11 Monthly Economic Summary- DRAFT 6.pdfmonth end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. In- cludes outlays for energy. 9 Aug 8.1% 149.3 4.2% 8.1% 74.3 49.6 3.72 1,407 1.7% 8.2% 15.3% 60.8 51.8 3.45 1,253 3.6% 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Pennsylvania Economic Indicators Hits: 4 |
2012-10 Monthly Economic Summary FINAL.pdfmonth end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. In- cludes outlays for energy. 9 Aug 8.1% 122.7 4.3% 8.1% 74.3 49.6 3.72 1,407 1.7% 8.6% 17.1% 59.5 52.5 3.61 1,131 3.9% 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Pennsylvania Economic Indicators Hits: 4 |
2012-09 Monthly Economic Summary 7.pdfmonth end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes out- lays for energy. 9 Jul 8.3% 91.0 4.2% 8.7% 72.3 49.8 3.44 1,379 1.4% 8.8% 9.9% 55.8 52.5 3.64 1,218 3.8% 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Pennsylvania Economic Indicators Hits: 4 |
2012-08 Monthly Economic Summary_Final.pdfmonth end. 8 Consumer Price Index (CPI - U) Year-over-year change in average price level. Includes out- lays for energy. 9 Jun 8.2% 73.0 4.7% 8.6% 73.2 49.7 3.54 1,362 1.7% 8.7% -2.6% 63.7 51.4 3.65 1,292 3.6% 6/ Institute of Supply Management. 7/ Energy Information Administration. 8/ Standard and Poor’s. 9/ U.S. Department of Labor - Bureau of Labor Statistics. Pennsylvania Economic Indicators Hits: 4 |
Releasesby the U.S. Bureau of Labor Statistics to Pennsylvania payroll jobs. Full Report Pennsylvania Electricity Update March 07, 2024 | Energy This report utilizes data from the U.S. Energy Information Administration to display recent trends for the Pennsylvania and regional electricity markets. The report examines recent trends in net Hits: 4 |
TC_Board_Hearing_Jan_24_2022.pdfAnnual Tax Credit Reviews Mixed-Use Development Brewers’ Coal Refuse Energy and Reclamation Educational Presentation to the Performance-Based Budget Board January 24, 2022 Tax Credit Reviews for Year 4 Statute refundability ▪ Do not allow credit to be an ongoing subsidy claimed every year January 24, 2022 5 #3 Coal Refuse Energy and Reclamation Credit of $4.00 per ton of coal refuse burned and used as ash backfill ▪ Program cap raised Hits: 3 |
Revenue-Estimate-2023-05.pdftax collections are expected to exceed the IFO official estimate by $140 million, largely due to much higher than expected energy prices. The revised estimate for realty transfer tax is $142 million lower than the IFO’s official estimate and than expected growth in electricity tax liability for TY 2022 compared to the prior year. Data from the U.S. Energy Information Administration (EIA) show that revenue from the sale of electricity in Pennsylvania increased by 20.9% in 2022, almost Hits: 3 |
Presentation_Phil_Chamber_2-12-2015.pdf2.00 $2.50 $3.00 $3.50 $4.00 $4.50 June 2008 Central Atlantic Price Source: U.S. Energy Information Administration. Jan 2009 demand collapses Jan 2015 excess supply weak global demand June 2014 Oct 2014 50 55 60 2% 2.5% 3.5% 7.1% All Other 2.3% 1.8% 2.7% 19.8% All Items Less Energy 1.6% 1.7% 2.0% Source: U.S. Bureau of Labor Statistics. CPI-U weight represents 2011 and 2012 Hits: 3 |
NGQU_2023_Q3.pdfFISCAL OFFICE THIRD QUARTER 2023 This document uses data from the Pennsylvania Department of Environmental Protection (DEP), the U.S. Energy Information Administration and Natural Gas Intelligence to provide a quarterly update on natural gas production and prices. The table below the prior year. Regional prices reached the lowest level since 2020 Q3, when mitigation efforts related to COVID-19 caused energy prices to plummet. Q3 Q4 Q1 Q2 Q3 Production Volume 1,880 1,857 1,845 1,864 1,870 Hits: 3 |
MTR-2019-06.pdf4 1.9% 2.0% 1.8% n.a. 1.7% 1.9% n.a. n.a. CPI-U Excludes Energy 4 2.0% 2.0% 2.0% n.a. 1.9% 1.8% n.a. n.a. Retail Sales 5 4 2.7% 2.6% 2.2% 1.6% 1.6% 1.7% 1.3% 1.5% CPI-U Excludes Energy 4 2.1% 2.1% 2.1% 2.1% 0.9% 1.0% 1.1% 1.8% FHFA House Price Hits: 3 |
MTR-2019-05.pdf4 1.5% 1.9% 2.0% n.a. 1.5% 1.7% 1.9% n.a. CPI-U Excludes Energy 4 2.1% 2.0% 2.0% n.a. 1.9% 1.9% 1.8% n.a. Retail Sales 5 4 2.7% 2.6% 2.2% 1.6% 1.6% 1.7% 1.3% 1.5% CPI-U Excludes Energy 4 2.1% 2.1% 2.1% 2.1% 0.9% 1.0% 1.1% 1.8% FHFA House Price Hits: 3 |
MTR-2019-04.pdf4 1.6% 1.5% 1.9% n.a. 1.2% 1.5% n.a. n.a. CPI-U Excludes Energy 4 2.1% 2.1% 2.0% n.a. 1.6% 1.9% n.a. n.a. Retail Sales 5 4 2.7% 2.6% 2.2% 1.1% 1.6% 1.7% 1.3% 1.2% CPI-U Excludes Energy 4 2.1% 2.1% 2.1% 1.4% 0.9% 1.0% 1.1% 1.3% FHFA House Price Hits: 3 |
MTR-2019-03.pdf4 1.9% 1.6% 1.5% n.a. 1.0% 1.2% 1.5% n.a. CPI-U Excludes Energy 4 2.1% 2.1% 2.1% n.a. 1.3% 1.6% 1.9% n.a. Retail Sales 5 4 2.2% 2.7% 2.6% 2.2% 0.7% 1.6% 1.7% 1.3% CPI-U Excludes Energy 4 1.9% 2.1% 2.1% 2.1% 0.1% 0.9% 1.0% 1.1% FHFA House Price Hits: 3 |
MTR-2019-02.pdf4 2.2% 1.9% 1.6% n.a. 1.3% 1.0% n.a. n.a. CPI-U Excludes Energy 4 2.1% 2.1% 2.1% n.a. 1.1% 1.3% n.a. n.a. Retail Sales 5 4 2.2% 2.7% 2.6% 2.2% 0.7% 1.6% 1.7% 1.3% CPI-U Excludes Energy 4 1.9% 2.1% 2.1% 2.1% 0.1% 0.9% 1.0% 1.1% FHFA House Price Hits: 3 |
MTR-2019-01.pdf4 2.5% 2.2% 1.9% n.a. 1.6% 1.3% 1.0% n.a. CPI-U Excludes Energy 4 2.0% 2.1% 2.1% n.a. 1.0% 1.1% 1.3% n.a. Retail Sales 5 4 2.2% 2.7% 2.6% 2.2% 0.7% 1.6% 1.7% 1.3% CPI-U Excludes Energy 4 1.9% 2.1% 2.1% 2.1% 0.1% 0.9% 1.0% 1.1% FHFA House Price Hits: 3 |
MTR-2018-12.pdf4 2.3% 2.5% 2.2% n.a. 1.8% 1.6% n.a. n.a. CPI-U Excludes Energy 4 2.1% 2.0% 2.1% n.a. 1.0% 1.0% n.a. n.a. Retail Sales 5 4 2.1% 2.2% 2.7% 2.6% 0.8% 0.7% 1.6% 1.7% CPI-U Excludes Energy 4 1.7% 1.9% 2.1% 2.1% 0.4% 0.1% 0.9% 1.0% FHFA House Price Hits: 3 |
MTR-2018-11.pdf4 2.7% 2.3% 2.5% n.a. 1.7% 1.8% 1.6% n.a. CPI-U Excludes Energy 4 2.1% 2.1% 2.0% n.a. 1.0% 1.0% 1.0% n.a. Retail Sales 5 4 2.1% 2.2% 2.7% 2.6% 0.8% 0.7% 1.6% 1.7% CPI-U Excludes Energy 4 1.7% 1.9% 2.1% 2.1% 0.4% 0.1% 0.9% 1.0% FHFA House Price Hits: 3 |
MTR-2018-10.pdf4 2.9% 2.7% 2.3% n.a. 1.8% 1.7% 1.8% n.a. CPI-U Excludes Energy 4 2.2% 2.1% 2.1% n.a. 1.0% 1.0% 1.0% n.a. Retail Sales 5 4 2.1% 2.2% 2.7% 2.6% 0.8% 0.7% 1.6% 1.7% CPI-U Excludes Energy 4 1.7% 1.9% 2.1% 2.1% 0.4% 0.1% 0.9% 1.0% FHFA House Price Hits: 3 |
MTR-2018-09.pdf4 2.9% 2.9% 2.7% n.a. 1.9% 1.8% 1.7% n.a. CPI-U Excludes Energy 4 2.1% 2.2% 2.1% n.a. 1.0% 1.0% 1.0% n.a. Retail Sales 5 4 2.0% 2.1% 2.2% 2.7% 1.2% 0.8% 0.7% 1.6% CPI-U Excludes Energy 4 1.6% 1.7% 1.9% 2.1% 0.8% 0.4% 0.1% 0.9% FHFA House Price Hits: 3 |
MTR-2018-08.pdf4 2.8% 2.9% 2.9% n.a. 1.6% 1.9% n.a. n.a. CPI-U Excludes Energy 4 2.1% 2.1% 2.2% n.a. 0.9% 1.0% n.a. n.a. Retail Sales 5 4 2.0% 2.1% 2.2% 2.7% 1.2% 0.8% 0.7% 1.6% CPI-U Excludes Energy 4 1.6% 1.7% 1.9% 2.1% 0.8% 0.4% 0.1% 0.9% FHFA House Price Hits: 3 |
MTR-2018-07.pdf4 2.5% 2.8% 2.9% n.a. 1.4% 1.6% 1.9% n.a. CPI-U Excludes Energy 4 2.0% 2.1% 2.1% n.a. 0.8% 0.9% 1.0% n.a. Retail Sales 5 4 2.0% 2.1% 2.2% 2.7% 1.2% 0.8% 0.7% 1.6% CPI-U Excludes Energy 4 1.6% 1.7% 1.9% 2.1% 0.8% 0.4% 0.1% 0.9% FHFA House Price Hits: 3 |
MTR-2018-06.pdf4 2.4% 2.5% 2.8% n.a. 0.9% 1.4% n.a. n.a. CPI-U Excludes Energy 4 2.0% 2.0% 2.1% n.a. 0.3% 0.8% n.a. n.a. Retail Sales 5 4 1.9% 2.0% 2.1% 2.2% 1.0% 1.2% 0.8% 0.7% CPI-U Excludes Energy 4 1.6% 1.6% 1.7% 1.9% 0.7% 0.8% 0.4% 0.1% FHFA House Price Hits: 3 |
MTR-2018-05.pdf4 2.2% 2.4% 2.5% n.a. 0.5% 0.9% 1.4% n.a. CPI-U Excludes Energy 4 1.8% 2.0% 2.0% n.a. -0.1% 0.3% 0.8% n.a. Retail Sales 5 4 1.9% 2.0% 2.1% 2.2% 1.0% 1.2% 0.8% 0.7% CPI-U Excludes Energy 4 1.6% 1.6% 1.7% 1.9% 0.7% 0.8% 0.4% 0.1% FHFA House Price Hits: 3 |
MTR-2016-08.pdf58 Growth -0.4% -0.4% 1.1% Dollar amounts are in millions. PA ELECTRICITY MARKET TRENDS The U.S. Energy Information Administration (EIA) releases an Electricity Monthly Update 1 , which provides historical revenues, retail sales (demand) and average retail prices prices in PA will follow the same trend as the national average. August 2016 Monthly Trends Report Source: U.S. Energy Information Administration. Notes: Average retail prices are measured in cents per kilowatt-hour. Average retail prices for 2016 are through Hits: 3 |
MSC_March_31_2021.pdfmcf based on investor presentations for several regional producers. 4 Does not include natural gas liquids, thousands of dollars. 2020 Energy Impact: Consumption Decline March 31, 2021 17 Total U.S. energy consumption down 7 percent year-over-year Largest reduction in over a decade, largely driven by coal and petroleum Hits: 3 |
Monthly_Economic_Update_September_2020.pdfS. Bureau of Labor Statistics released national consumer price index (CPI-U) data for August 2020. For all items less energy, the CPI-U increased 1.7% since the prior August. In particular, used cars have seen strong year -over-year of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 7. The quarterly, annualized real Hits: 3 |
Monthly_Economic_Update_November_2021.pdfwhich is the strongest rate since the current series was published in 2010. In addition to higher prices for labor, energy and raw materials, analysts point to transportation bottlenecks, labor shortages and shortages of critical inputs as key factors that drive of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 3 |
Monthly_Economic_Update_January_2021.pdfrespond to the pandemic. For the full calendar year, the Philadelphia CPI-U increased by 0.9%. If food and energy are excluded, then average price levels increased by 1.2% relative to the prior year. Monthly Economic Update January 2021 of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 3 |
Initial_Estimate_May_2017_Presentation.pdfmarket value of existing homes. Sources: U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, U.S. Energy Information Administration, Federal Housing Finance Agency. 5 02.May.2017 Historical Growth Rates 2012 2013 2014 2015 2016 2017 PA Other growth rates are projections. Sources: U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, U.S. Energy Information Administration, Federal Housing Finance Agency. 6 02.May.2017 Economic factors all have negative impact. Wage growth underperforms Hits: 3 |
Impact_Fee_Update_Outlook_2023.pdf278.9 7,442 4.93 36,665 0.8 Sources: Pennsylvania Public Utility Commission, Department of Environmental Protection, Bentek Energy and the U.S. Energy Information Administration. Note: Fees are remitted in the following April and distributed in July. Millions of dollars. Table 3: Impact Hits: 3 |
House_Maj_Policy_Com_Testimony_June_8_2022.pdfthe highest rate since December 1981. • Excluding shelter (largely imputed rent to homeowners) the rate is 9.6% (not shown). • Energy prices (gasoline and utility bills) are a clear driver of inflation. Energy prices were up 33% from the prior year and comprise 7.0% of the CPI-U basket. • Durable goods purchases Hits: 3 |
Five_Year_Outlook_2022.pdfthe All Items CPI-U, the CPI-U excluding Shelter and the Core CPI-U (excludes the volatile food and energy components). The series that excludes Shelter is a better measure of actual consumer spending because it omits the large, imputed tax collections is $1.1 billion, an increase of $62 million from the official estimate. According to the U.S. Energy Information Administration, revenue from Pennsylvania electricity sales through August increased by 20.1% compared to the prior year, largely due Hits: 3 |
Five_Year_Outlook_2019.pdfpercent of GRT collections and appear out of sync with recent sales data published by the U.S. Energy Information Administration (EIA). Data from the EIA show that Pennsylvania retail sales of electricity in CY 2018 grew by 3.5 percent during the forecast period. The revenue projection uses a combination of data provided by DCNR, DEP and Bentek Energy. Royalties are forecasted using expected trends in price and production through the forecast horizon, with adjust- ments to reflect actual prices received Hits: 3 |
2022-Impact-Fee-Estimate.pdfNJ-DE-MD region in the preceding 12 months. Estimated by the IFO for 2022. 4. Prices are from Bentek Energy and are converted to dollars per thousand cubic feet using Pennsylvania- specific heat content. 5. Post-production cost estimates are 274.8 7,600 5.27 39,925 0.7 Sources: Pennsylvania Public Utility Commission, Department of Environmental Protection, Bentek Energy and the U.S. Energy Information Administration. Note: Fees are remitted in the following April and distributed in July. Millions Hits: 3 |
2012-07 Monthly Economic Summary10.pdfInstitute of Supply Management. Average Gas Price National average price for one gallon of unleaded gasoline. Data are from the Energy Information Administration. S&P 500 Index An index based on the stock prices of 500 top publicly traded corpora- tions Average Gas Price Central Atlantic (PA, NY, NJ) average price for one gallon of unleaded gasoline. Data are from the Energy Information Administration. Consumer Price Index (PA-NJ-DE-MD) A measure of the average change in prices over the past Hits: 3 |
TC_2022_Mixed_Use_Development.pdfcredits over a five- year period. For the fourth year, the IFO reviewed four tax credits: the Educational, Coal Refuse Energy and Reclamation, Brewers’ and Mixed-Use Development Tax Credits. The act requires the IFO to submit tax credit reviews to tax credits over a five- year period. 1 For the fourth year, the IFO reviewed four tax credits: Coal Refuse Energy and Reclamation, Educational, Mixed-Use Development and Brewers’ Tax Credits. The act requires the IFO to submit tax credit reviews Hits: 2 |
TC_2022_Educational_Tax_Credits.pdfcredits over a five- year period. For the fourth year, the IFO reviewed four tax credits: the Educational, Coal Refuse Energy and Reclamation, Brewers’ and Mixed-Use Development Tax Credits. The act requires the IFO to submit tax credit reviews to tax credits over a five- year period. 1 For the fourth year, the IFO reviewed four tax credits: Coal Refuse Energy and Reclamation, Educational, Mixed-Use Development and Brewers’ Tax Credits. The act requires the IFO to submit tax credit reviews Hits: 2 |
TC_2022_Brewers.pdfcredits over a five- year period. For the fourth year, the IFO reviewed four tax credits: the Educational, Coal Refuse Energy and Reclamation, Brewers’ and Mixed-Use Development Tax Credits. The act requires the IFO to submit tax credit reviews to over a five- year period. 1 For the fourth year, the IFO reviewed four tax credits: the Educational, Coal Refuse Energy and Reclamation, Mixed-Use Development and Brewers’ Tax Credits. The act requires the IFO to submit tax credit reviews to Hits: 2 |
Tax_Credit_and_PBB_Overview_2019-01-24.pdfGeneral Services 2018-19 Agency Activity Overview January 24, 2019 17 FTE Expenditures DGS Activities Number Share Amount Share Facilities & Energy Resource Mgmt. 296 34.8% $54.4 8.6% Pre-Construction & Construction 109 12.8 421.1 66.4 Capitol DGS Activities GGO Rental and Municipal Charges Utility Costs Capitol Police Operations Capitol Fire Protection Excess Insurance Coverage Total Facilities & Energy Resource Mgmt. $31.9 $0 $16.6 $0 $5.0 $0 $53.5 Real Estate Management 2.7 24.7 Hits: 2 |
TaxCredit and PBB Overview- 2019-01-24.pptxGeneral Services 2018-19 Agency Activity Overview January 24, 2019 17 FTE Expenditures DGS Activities Number Share Amount Share Facilities & Energy Resource Mgmt. 296 34.8% $54.4 8.6% Pre-Construction & Construction 109 12.8 421.1 66.4 Capitol DGS Activities GGO Rental and Municipal Charges Utility Costs Capitol Police Operations Capitol Fire Protection Excess Insurance Coverage Total Facilities & Energy Resource Mgmt. $ 31.9 $0 $16.6 $0 $5.0 $0 $ 53.5 Real Estate Management 2.7 24.7 Hits: 2 |
TaxCredit and PBB Overview- 2019-01-24.pdfGeneral Services 2018-19 Agency Activity Overview January 24, 2019 17 FTE Expenditures DGS Activities Number Share Amount Share Facilities & Energy Resource Mgmt. 296 34.8% $54.4 8.6% Pre-Construction & Construction 109 12.8 421.1 66.4 Capitol DGS Activities GGO Rental and Municipal Charges Utility Costs Capitol Police Operations Capitol Fire Protection Excess Insurance Coverage Total Facilities & Energy Resource Mgmt. $31.9 $0 $16.6 $0 $5.0 $0 $53.5 Real Estate Management 2.7 24.7 Hits: 2 |
State_Tax_Comparison_2024_02.pdfThis report uses data from the U.S. Census Bureau, the U.S. Bureau of Economic Analysis, the U.S. Energy Information Administration, CCH AnswerConnect and the Tax Foundation to facilitate a comparison of state and local tax systems across the rates for PIT, CNIT, SUT, gasoline and cigarette taxes. Data are from CCH AnswerConnect, the Tax Foundation, the U.S. Energy Information Administration and Campaign for Tobacco-Free Kids for CY 2024. 10 For PIT, the tax rate represents the marginal Hits: 2 |
Revenue_Estimate_2022_06.pdfor CY 2023. However, many analysts believe there is significant potential that the forecast could deteriorate rapidly based on high energy prices, volatile and declining equity markets and global events. Pennsylvania Economic Forecast Table 1.1 displays the forecast for the 78%. As noted, the economic forecast does not assume a recession. However, it does assume that rising interest rates, high energy prices and ongoing shortages imply that real economic growth will decelerate, and asset prices will contract further (stocks) or slow Hits: 2 |
Revenue_Estimate_2022_05.pdf2022 or CY 2023. However, many analysts believe there is significant potential that the forecast could deteriorate based on high energy prices, volatile and declining equity markets and global events. Pennsylvania Economic Forecast Table 1.1 displays the forecast for the 30%. As noted, the economic forecast does not assume a recession. However, it does assume that rising interest rates, high energy prices and ongoing shortages imply that real economic growth will moderate and asset prices will contract further (stocks) or slow Hits: 2 |
Revenue_and_Economic_Update_Presentation_2020_10.pdf7% -6.5% -2.6% stronger than expected Philadelphia CPI-U 2.0% 2.6% 0.0% 0.4% weak energy prices Unemployment Rate 4.4% 5.4% 14.0% 10.4% ex. discouraged workers Change Payroll Jobs (000s) 54 28 project no reduction in profits for CY 2020 But, a wide disparity in results: high-tech and grocers vs. energy firms Productivity gains | cost cutting | elimination of travel expenses Personal income taxes moderately exceed expectations Wage growth slightly Hits: 2 |
Revenue-Estimate-2020-05.pdfCenters for Disease Control and Prevention (CDC) and Pennsylvania Department of Health guidelines. 1 A notable exception is energy prices, which had been declining in 2019 Q4 and 2020 Q1, largely due to excess supply. 2 For a more complete state mild winter (January through March 2020) and business closures related to the COVID-19 pandemic and (2) low energy prices. The telecommunications sector is projected to contract significantly (-15.0 per- cent in TY 2020), based on very weak estimated payments Hits: 2 |
RB_2021_11_Economic_Development_Incentives.pdfreviews required by Act 48 of 2017, the IFO is reviewing the Educational Improvement and Opportunity Scholarship, the Coal Refuse Energy and Reclamation, Mixed-Use Development and Brewers’ tax credits. Reports will be available to the public in January 2022. Economic 15.0 Resource Enhancement and Protection 5.2 5.4 5.4 5.4 5.6 11.2 Coal Refuse Energy and Reclamation 0.0 5.4 8.8 9.8 17.1 10.8 City Revitalization and Improve. Zone (CRIZ Hits: 2 |
Presentation-Initial-Revenue-Estimate-2018-05.pdfuses prices through April 2018. Sources: U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, U.S. Energy Information Administration and Federal Housing Finance Agency. Forecasts by IFO. May.01.2018 7 Recent PA Economic Growth Rates 2017 and exclude self-employed individuals. Sources: U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, U.S. Energy Information Administration and Federal Housing Finance Agency. May.01.2018 8 Change in PA Payroll Jobs (000s) 2015 2016 2017 Hits: 2 |
Presentation-2019-3-1-EPLC.pdf1, 2019 13 Maintain / Boost Strong labor market Solid income growth Stable interest rates Low/stable energy prices Constrain / Reduce International slowdown Federal policy uncertainty Federal tax cut / refunds Consumer sentiment Stock spud are from PA Department of Environmental Protection. Production for 2019 is estimated by the IFO. Prices are from Bentek Energy. Units are $ per MMBtu. Impact fee historicals are from the PA Public Utility Commission, based on drilling year, not year Hits: 2 |
PICPA_Presentation.pdf4%). U.S. corporate profits decline in 2015 and 2016. Has not occurred outside recession for several decades. Energy sector hit hard. Broad declines in 2016. Actual FYTD Revenues Through May June 7, 2017 4 May Dollar Annual Base market value of existing homes. Sources: U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, U.S. Energy Information Admin., Federal Housing Finance Agency. Change in Payroll Employment (000s) June 7, 2017 12 2014 2015 2016 2017 Mining Hits: 2 |
PBB-Board-Hearing-Jan-22-2020.pdf100.0% Note: Includes all expenditures in $ millions. Other includes Laboratory Services, Water Resource Planning, Chesapeake Bay, Vector Management and Energy Programs. DEP GF Appropriations (2019-20) January 22, 2020 18 Activities Environmental Protection Operations Environmental Program Management GGO Black Fly- 4 13.5 8.8 135.1 Note: Amounts in $ millions. Other includes Chesapeake Bay, Oil-Gas Management, Radiation Protection, Energy Programs, Lab Services. DEP Metric Highlights By 19-20, 65% of inspectors migrated to e-inspection solutions Oil and Hits: 2 |
Official-Revenue-Estimate-Methodology-2019-06.pdffrom the sale of electricity by an electric light company which are attributable to the recovery of purchase energy costs, clean-up costs and invest- ment write-off costs due to damage to a nuclear generating facility or (3) of electric sector and final payments (tax year 2018) for the telecommunications sector. According to data from the U.S. Energy Information Administra- tion (EIA), Pennsylvania electric receipts increased in 2017 (1.0 percent) and 2018 (3.1 percent) which was attributable to Hits: 2 |
Official-Revenue-Estimate-2020-06.pdfa second significant outbreak does not occur that would lead to business closures. 1 A notable exception is energy prices, which had been declining in 2019 Q4 and 2020 Q1, largely due to excess supply. 2 For a more complete state mild winter (January through March 2020) and business closures related to the COVID-19 pandemic and (2) low energy prices. The telecommunications sector is projected to contract significantly (-15.0 per- cent in TY 2020), based on very weak estimated payments Hits: 2 |
NGQU_2023_Q2.pdfFISCAL OFFICE SECOND QUARTER 2023 This document uses data from the Pennsylvania Department of Environmental Protection (DEP), the U.S. Energy Information Administration and Natural Gas Intelligence to provide a quarterly update on natural gas production and prices. The table below 1.0 3.1 -2.4 2.9 0.8 2022 2023 State Comparison: YOY Production Growth Source: U.S. Energy Information Administration. Source: Natural Gas Intelligence. $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 Hits: 2 |
NGPR-2019Q3.pdffor 2019 are estimates based on year-to-date spud and production data published by DEP and forecasts by Bentek Energy. Figures for 2012 to 2018 are based on DEP data for the full calendar year. The graphs illustrate the dramatic 11.4% 11 All Other 3,794 3,697 2,506 -7.3% -2.6% 3.0% Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. Data and growth rates for CY 2019 are through August Hits: 2 |
NGPR-2018Q3.pdffor 2018 are estimates based on year-to-date spud and production data published by DEP and forecasts by Bentek Energy. Figures for 2011 to 2017 are based on DEP data for the full calendar year. The graphs illustrate the dramatic through August and the corresponding growth rate is based on the same time period in CY 2017. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. All Other New Mexico West Virginia Colorado Wyoming Ohio Louisiana Hits: 2 |
NGPR-2017Q3.pdffor 2017 are estimates based on year-to-date spud and production data published by DEP and forecasts by Bentek Energy. Figures for 2011 to 2016 are based on DEP data for the full calendar year. For 2016, total production volume growth rates for 2017 through August. Data for all other years are for the full calendar year. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. 0 5,000 10,000 15,000 20,000 25 Hits: 2 |
NewsStand_2019_July.pdfreleased regional consumer price index data. The Philadelphia region CPI-U increased by 2.1% from the previous June. Excluding energy, the Philadelphia region CPI-U grew 2.4% year-over-year, while medical care showed strong growth of 3.9%. Nationally, inflation remains low with 1.6% growth from the prior year, or 2.1% growth if energy is excluded. Personal Income Growth Moderates in 2019 Q1 On June 25, the U.S. Bureau of Economic Analysis released Hits: 2 |
MTR-2018-03.pdfby $88 million (-7.5 percent), primarily due to lower than anticipated electric receipts. Recent data from the U.S. Energy Information Administration (EIA) indicate a decline in both electric utility prices and demand for calendar year 2017. Personal income tax S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 2 |
MTR-2016-12.pdfthan the U.S. at 0.1% and –1.9%, respectively. These regions are particularly vulnerable to fluctuations in the energy sector, which contracted significantly in recent years. It is important to note that real GDP growth does not control for S. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 2 |
Monthly_Economic_Update_Table_December_2020.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 11. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 7. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_September_2022.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_September_2021_Indicators.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_September_2021.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_October_2022.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2022-10-24 19:01:11 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-10-24 Hits: 2 |
Monthly_Economic_Update_October_2021_Indicators.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2021-10-07 17:34:42 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2021-10-07 17 Hits: 2 |
Monthly_Economic_Update_October_2021.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2021-10-07 18:27:40 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2021-10-07 18 Hits: 2 |
Monthly_Economic_Update_October_2020.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 11. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 7. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_November_2022.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_November_2020_Final.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 11. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 7. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_May_2023.pdfThe Conference Board. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Survey of Establishments. 3. Average price for one gallon of regular gasoline in the Central Atlantic region. Source: U.S. Energy Information Administration. CreationDate: 2023-06-23 13:48:15 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2023-06-23 13 Hits: 2 |
Monthly_Economic_Update_May_2020.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Source: Zillow. 7. The quarterly, annualized real growth rate of the economy. Excludes inflation. Source: U.S. Bureau of S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2020-05-20 17:37:20 Creator: Microsoft® Publisher 2016 ModDate: 2020-05-20 18:06:40 Hits: 2 |
Monthly_Economic_Update_March_2023.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Survey of Establishments. 3. Average price for one gallon of regular gasoline in the Central Atlantic region. Source: U.S. Energy Information Administration. CreationDate: 2023-03-21 18:02:39 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2023-03-21 18 Hits: 2 |
Monthly_Economic_Update_March_2022.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. Author: Lauren Mondschein CreationDate: 2022-03-18 12:55:35 ModDate: 2022-03-18 12:55:35 Producer Hits: 2 |
Monthly_Economic_Update_March_2021.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_June_2023.pdfSurvey of Establishments. 3. Average price for one gallon of regular gasoline in the Central Atlantic region. Source: U.S. Energy Information Administration. 13. Year-over-year growth rate of S&P 500 closing price for last trading day of the The Conference Board. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_June_2021_Indicators.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2021-06-17 18:21:41 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2021-06-17 18 Hits: 2 |
Monthly_Economic_Update_June_2021.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2021-06-17 18:51:37 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2021-06-17 18 Hits: 2 |
Monthly_Economic_Update_June_2020.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Source: Zillow. 7. The quarterly, annualized real growth rate of the economy. Excludes inflation. Source: U.S. Bureau of S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2020-06-17 17:34:06 Creator: Microsoft® Publisher 2016 ModDate: 2020-06-17 17:42:56 Hits: 2 |
Monthly_Economic_Update_July_2022.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2022-07-25 16:06:43 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-07-25 Hits: 2 |
Monthly_Economic_Update_July_2021_Indicators.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_July_2021_Final.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_July_2020.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 7. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2020-07-23 13:57:01 Creator: Microsoft® Publisher 2016 ModDate: 2020-07-23 14:19:39 Hits: 2 |
Monthly_Economic_Update_January_2023.pdfSurvey of Establishments. 3. Average price for one gallon of regular gasoline in the Central Atlantic region. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_January_2022.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. Author: Lauren Mondschein CreationDate: 2022-01-18 12:57:33 ModDate: 2022-01-18 12:57:33 Producer Hits: 2 |
Monthly_Economic_Update_January_2021_Indicators.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_Indicators_February_2022.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2022-02-09 03:01:02 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2022-02-09 03 Hits: 2 |
Monthly_Economic_Update_February_2022.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2022-02-09 14:38:29 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2022-02-09 14 Hits: 2 |
Monthly_Economic_Update_February_2021_Indicators.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_February_2021.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_December_2022.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2022-12-20 15:30:01 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2022-12-20 15 Hits: 2 |
Monthly_Economic_Update_December_2021.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2021-12-07 03:11:32 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2021-12-07 03 Hits: 2 |
Monthly_Economic_Update_December_2020.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 11. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 7. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_August_2022.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. CreationDate: 2022-08-22 14:38:06 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2022-08-22 14 Hits: 2 |
Monthly_Economic_Update_August_2021.pdfof Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real S. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. Author: Lauren Mondschein CreationDate: 2021-08-12 19:44:17 ModDate: 2021-08-12 19:44:17 Producer Hits: 2 |
Monthly_Economic_Update_August_2020.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 11. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 7. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_April_4_2023.pdfSurvey of Establishments. 3. Average price for one gallon of regular gasoline in the Central Atlantic region. Source: U.S. Energy Information Administration. 13. Year-over-year growth rate of S&P 500 closing price. Data as of the first of The Conference Board. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_April_25_2023.pdfSurvey of Establishments. 3. Average price for one gallon of regular gasoline in the Central Atlantic region. Source: U.S. Energy Information Administration. 13. Year-over-year growth rate of S&P 500 closing price. Data as of the first of The Conference Board. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_April_2022.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_April_2021_Indicators.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Monthly_Economic_Update_April_2021.pdfS. Bureau of Labor Statistics- Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 12. Year-over-year growth rate of S&P 500 closing price. Data as of the first of of Economic Analysis. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Bentek Energy. 6. Seasonally Adjusted Annual Rate. Pennsylvania figures represent northeast region. Source: National Association of Realtors. 8. The quarterly, annualized real Hits: 2 |
Impact-Fee-Estimate-2019.pdfare remitted in the following April and distributed in July. Sources: Pennsylvania Public Utility Commission, Department of Environmental Protection, Bentek Energy. CY 2019 revenues and production are estimates by the IFO. 1 Production data through October 2019. November and December 2019 2.22 for 2019) using Pennsylvania-specific heat content, net of post-production costs ($0.80). Prices are from Bentek Energy. Post-production costs are estimated by the IFO based on investor presentations for several regional producers. Data Sources Statewide Hits: 2 |
IFO_Hearing_Materials_02_2024.pdfdays late U.S. Effective Credit Card Rate CPI-U - All Items (100%) Shelter (37.8%) Food-Beverage (13.0%) Energy (6.9%) Pennsylvania Economic Trends Latest Years (YOY) Latest Quarters (YOY) Economy and Income Consumer Price Index Real GDP Nominal 95.2 124.9 Military Infrastructure Revitalization Program -- 15.5 15.8 16.1 21.2 21.6 Coal Refuse Energy and Reclamation 17.1 10.8 15.2 16.0 20.0 20.0 Keystone Innovation Zone (KIZ) 15.1 Hits: 2 |
IFO - Economic and Budget Outlook - January 2012.pdfcorrelated with the real growth of the Pennsylvania economy. Therefore, the forecast of real GSP is used to project electrical energy demand for Pennsylvania based on the latest data from the Energy Information Agency. Average residential, industrial and commercial electricity prices are then applied as provided by the economic forecast. Expenditures on Hits: 2 |
GPNP July 10, 2012 final.pdf Meet with staff from Appropriations Committees and Revenue and Budget Offices. Allows General Assembly to focus time and energies over the allocation of resources, as opposed to debating the size of the pie. Revenue Estimate used for deliberative Jul.2012 19 2012 GPNP Conference $1 $2 $3 $4 $5 2007 2008 2009 2010 2011 2012 $3.36 Source: Energy Information Administration. Mid-Atlantic Average Price, Gallon Unleaded OPEC output at highest level since 2008 - WSJ, May 10 - 10.Jul Hits: 2 |
Five_Year_Outlook_2023.pdfby 15.5% for FY 2022- 23 largely due to abnormal growth in electricity prices. Data from the U.S. Energy Information Administration (EIA) show that Pennsylvania electricity price growth has rapidly decelerated and recently turned negative. The average price for the end of the forecast period. The revenue projection uses a combination of data provided by DCNR, the U.S. Energy Information Administration (EIA) and Natural Gas Intelligence. Royalties are forecasted using expected trends in price throughout the forecast horizon, with Hits: 2 |
Five_Year_Outlook_2021.pdf1%) and the deficit contracts. As noted, the forecast assumes that the Pennsylvania economy operates at its long-term potential, energy prices and interest rates do not increase dramatically and a recession does not occur. Appendix | Page 47 Appendix Demographics The to global supply and demand pressures. The revenue projection uses a combination of data provided by DCNR, DEP and Bentek Energy. Royalties are forecasted using expected trends in price and production through the forecast horizon, with adjustments to reflect actual prices Hits: 2 |
EPLC_3_4_2022_update.pdfRecent Rapid Acceleration of Inflation March 4, 2022 11 Very High (Dec 21) Used Cars +38.1% Gasoline +37.4% Energy +25.1% New Cars +22.4% Relatively Low (Dec 21) Education-Comm +1.9% Medical Care +3.3% Shelter +4 6 9.6 40.0 37.4 Medical Care 8.7 4.0 2.8 3.3 All Items Less Energy 94.0% 0.8% 3.9% 5.4% All Items Less Shelter 67.0 1.4 6.7 7.2 Hits: 2 |
Economic_and_Revenue_Update_2021.pdfExchange, upon which the impact fee schedule is based. 5 Weighted average spot price of major Pennsylvania hubs. Source: Bentek Energy. 2 Total disbursement of impact fee revenues to counties and municipalities with wells subject to the fee. 3 Actuals from 6 55.0 Neighborhood Assistance Programs 18.0 18.0 18.0 18.0 18.0 36.0 Coal Refuse Energy and Reclamation 0.0 5.4 8.8 9.8 17.1 20.0 Pennsylvania Resource Manufacturing -- 0.0 0 Hits: 2 |
2023_Mid_Year_Update.pdfJun Aug Oct Dec-21 Feb Apr Jun Aug Oct Dec-22 gasoline (3%) new and used vehicles (7%) household energy (4%) annual growth Philadelphia CPI-U (share of CPI in parens) both energy series peak in June 2022 gasoline +30 cents per gallon Jan 2023 note: scale is different from prior graph Consumer Hits: 2 |
2023_Impact_Fee_Estimate.pdfNatural Gas Intelligence through November and estimates for December based on weekly Henry Hub spot prices from the U.S Energy Information Administration. Prices are converted to dollars per thousand cubic feet using Pennsylvania-specific heat content. 4. Post-production cost 7,064 2.5 Sources: Pennsylvania Public Utility Commission, Department of Environmental Protection, Natural Gas Intelligence and the U.S. Energy Information Administration. Note: Fee revenues in millions of dollars. Fees are remitted in the following April and distributed in July Hits: 2 |
2022_Mid_Year_Update.pdfRecent Rapid Acceleration of Inflation January 31, 2022 10 Very High (Dec 21) Used Cars +38.1% Gasoline +37.4% Energy +25.1% New Cars +22.4% Relatively Low (Dec 21) Education-Comm +1.9% Medical Care +3.3% Shelter +4 6 9.6 40.0 37.4 Medical Care 8.7 4.0 2.8 3.3 All Items Less Energy 94.0% 0.8% 3.9% 5.4% All Items Less Shelter 67.0 1.4 6.7 7.2 Hits: 2 |
2021_Impact_Fee_Estimate.pdfall urban consumers for the PA-NJ-DE-MD region in the preceding 12 months. 4. Prices are from Bentek Energy and are converted to dollars per thousand cubic feet using Pennsylvania- specific heat content. 5. Post-production cost estimates are the following April and distributed in July. Millions of dollars. Sources: Pennsylvania Public Utility Commission, Department of Environmental Protection, Bentek Energy. 1 Production data through October 2021. November and December 2021 are estimated by the IFO. 2 Weighted average of spot Hits: 2 |
2020_Impact_Fee_Estimate.pdfand Leidy) and are used in Table 3 to approximate the prices received by producers. 3. Prices are from Bentek Energy, and are converted to dollars per thousand cubic feet using Pennsylvania-specific heat content. 4. Post-production cost estimates for the following April and distributed in July. Thousands of dollars. Sources: Pennsylvania Public Utility Commission, Department of Environmental Protection, Bentek Energy. 1 Production data through October 2020. November and December 2020 are estimated by the IFO. 2 Weighted average of spot Hits: 2 |
2013 Appropriation Hearings Background Information.pdfDE-MD) Source: IHS Global Insight, January 2013 PA forecast. Average Gasoline Prices Regular unleaded gasoline, Central Atlantic Region. Source: Energy Information Administration. 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% $1.50 $2.50 $3.50 tax comes in significantly below estimate in March when final payments for 2012 are due. According to data from the Energy Information Administration, Pennsylvania electric sector revenues in the first nine months of 2012 were down 6% from 2011 levels. If Hits: 2 |
WJ-Presentation-Natural-Gas-7-14-20.pdfPennsylvania Impact Fee and Natural Gas Trends Jesse Bushman – Revenue Analyst July 14, 2020 1 Center for Energy Policy & Management Washington & Jefferson College Impact Fee July 14, 2020 2 Per well fee paid by producers, varying by well Hits: 1 |
TC_2020_Research and Development Tax Credit.pdfrelatively much less R&D intensive due to the presence of other large industries such as the financial, energy and tourism industries. Research and Development Employment Trends Table 3.4 displays employment growth for the subsectors that were awarded 70 percent Hits: 1 |
Tax_Credit_and_Other_Incentives_2022.pdf3 60.0 Neighborhood Assistance Programs 18.0 18.0 18.0 33.6 35.9 36.0 Coal Refuse Energy and Reclamation 8.8 9.8 17.1 10.8 15.2 20.0 Keystone Innovation Zone (KIZ) 16.0 Hits: 1 |
Tax_Credits_and_Other_Incentives_2024.pdf0.0 17.1 49.6 Military Infrastructure Revitalization Program -- -- 15.5 15.8 16.1 21.2 Coal Refuse Energy and Reclamation 9.8 17.1 10.8 15.2 16.0 20.0 Keystone Innovation Zone (KIZ) 15.3 Hits: 1 |
Revenue_Estimate_Presentation_2022_05.pdfGoldman Sachs:“very, very high risk” ▪ Fannie Mae: recession in second half of 2023 Risk factors on many fronts simultaneously ▪ Energy prices | Fed tightening | housing slows | raw materials ▪ Recent cracks appear: debt and subprime defaults rising rapidly ▪ Unknowns: student loans, international Hits: 1 |
Revenue_Estimate_2021_05_Presentation.pdf6 -2.8 9.6 36.4 Medical Care 8.7 0.8 4.0 4.4 All Items Less Energy 94.0% 1.4% 0.8% 2.7% All Items Less Shelter 67.0 1.0 1.4 5.0 Hits: 1 |
Revenue-Estimate-2019-05.pdfMacro Economic Indicators Table 1.5 Sources: Financial data from Wall Street Journal . Gas prices from U.S. Energy Information Administration. Other data from Federal Housing Finance Administration, PA Department of Environmental Protection and PA Lottery. Economic Outlook | Page 7 Long- Hits: 1 |
REU-2020-02.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Source: U.S Hits: 1 |
REU-2020-01.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Source: U.S Hits: 1 |
REU-2019-12.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Source: U.S Hits: 1 |
REU-2019-11.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Source: U.S Hits: 1 |
REU-2019-10.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Source: U.S Hits: 1 |
RB_2023_1_Post_Pandemic_Gasoline_Consumption.pdf4.00 per gallon for 2022 Q2 and Q3. That was the highest average price recorded by the U.S. Energy Information Administration. Gasoline taxes fund 55% of state road and bridge construction, and reduced consumption implies that Pennsylvania will have Hits: 1 |
RB_2023_12_Gasoline_Consumption_Remains_Subdued.pdf2022 Q2, the average retail price surpassed $4.50 per gallon, the highest average price recorded by the U.S. Energy Information Administration. In Pennsylvania, the average annual wholesale price of gasoline (minimum of $2.99 per gallon) is used to Hits: 1 |
RB_2022_06_PA_Gasoline_Tax.pdf120: https://uscode.house.gov/view.xhtml?req=granuleid:USC-1999-title23-section120&num=0&edition=1999). 4 U.S. Energy Information Administration (See https://www.eia.gov/energyexplained/gasoline/factors-affecting- gasoline-prices.php?msclkid=c3084f24c0ad11ec8716ff12b15d1bde). Top Five States Rate Hits: 1 |
RB_2020_12_PPP_Loans_to_PA_Businesses.pdfloans. Manufacturers received the largest average loan ($285,470). The All Other category includes agriculture, other services, transportation and energy firms, as well as firms that did not report an industry or sector. 1 The original $349 billion of loans Hits: 1 |
RB-2019-01.pdf2.70 for 2018) using Pennsylvania-specific heat content, net of post-production costs ($0.80). Prices are from BENTEK Energy. Post-production cost estimates are based on a Range Resources investor presentation from October 3, 2016, adjusted for statewide wet Hits: 1 |
RB-10-2020-Economic_Development_Incentives.pdf6 33.6 Neighborhood Assistance Programs 18.0 18.0 18.0 18.0 18.0 18.0 Coal Refuse Energy and Reclamation 0.0 0.0 5.4 8.8 9.8 17.1 Keystone Innovation Zone (KIZ) 25.0 Hits: 1 |
RB 2019 Natural Gas Royalties.pdfonly change the total royalty dollar estimate by 2 to 3 percent for most years. For 2006, the U.S. Energy Information Administration estimates that total marketed natural gas production in Pennsylvania was 176 billion cubic feet (bcf). For 2017, the Hits: 1 |
PSBA_January_19_2022.pdfCTC starts Economy: Recent Acceleration of Inflation January 19, 2022 4 Very High Used Cars +38.1% Gasoline +37.4% Energy +25.1% New Cars +22.4% Relatively Low Education-Comm +1.9% Medical Care +3.3% Shelter +4.3% -5% Hits: 1 |
Presentation_PICPA_12-3-2014.pdfgrowth rates return to historical averages. • Reflects non-recession years only. • Really, a budget simulation exercise. Some Positives and Negatives. • Energy prices very low. Inflation and interest rates low. • Flat wage growth. Many wage earners essentially treading water. • Housing recovery less Hits: 1 |
Presentation_Lancaster_Chamber_2017-07-14.pdf4%). U.S. corporate profits decline in 2015 and 2016. Has not occurred outside recession for several decades. Energy sector hit hard. Broad declines in 2016. Recent PA Economic Trends 7/14/2017 26 Strong job gains through Hits: 1 |
Presentation_2016-05-12_PaDUC_Impact_of_Demographics.pdf3.3% Generally Non‐Taxable Food at home 1.6% 7.5% 1.1% 7.2% 2.8% Gasoline & other energy goods 23.0% 2.9% ‐3.2% 3.4% 5.1% Housing & utilities 4.8% 15.5% 3.7% 16 Hits: 1 |
Presentation-2019-01-Mid-Year-Update.pdfStock market volatility Maintain / Boost Strong labor market Solid income growth Stable interest rates Low/stable energy prices January 29, 2019 5 FYTD Revenues Through January January 29, 2019 6 Actual Revenues IFO Estimate Admin Estimate Amount Hits: 1 |
Presentation-2018-06-PICPA.pdfHouse Price Index for purchase-only transactions. Sources: U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Energy Information Administration, Federal Reserve Bank of New York and Federal Housing Finance Agency. June.12.2018 5 Change in PA Hits: 1 |
PBB_2023_EO_REPORT.pdffor SNAP, MA, Child Care, Temporary Assistance for Needy Families, Long-Term Care, Health Insurance Premium Payment, Low Income Home Energy Assistance Program, State Supplementary Payment, SNAP Special Allowance, Medical Assistance Buy-In, SNAP Trafficking Penalty, SNAP Trafficking Buyer, Low-Income Hits: 1 |
Official_Revenue_Estimate_Methodology_2023_06.pdf2) derived from the sale of electricity by an electric light company which are attributable to the recovery of purchased energy costs, clean-up costs and investment write-off costs due to damage to a nuclear-generating facility or (3) of Hits: 1 |
Official_Revenue_Estimate_Methodology_2022.pdf2) derived from the sale of electricity by an electric light company which are attributable to the recovery of purchased energy costs, clean-up costs and investment write-off costs due to damage to a nuclear-generating facility or (3) of Hits: 1 |
Official_Revenue_Estimate_Methodology_2021.pdf2) derived from the sale of electricity by an electric light company which are attributable to the recovery of purchased energy costs, clean-up costs and investment write-off costs due to damage to a nuclear-generating facility or (3) of Hits: 1 |
Official-Revenue-Estimate-Methodology-2020-6.pdffrom the sale of electricity by an electric light company which are attributable to the recovery of purchased energy costs, clean-up costs and investment write-off costs due to damage to a nuclear-generating facility or (3) of electric cooperatives Hits: 1 |
Official-Revenue-Estimate-2019-06.pdfMacro Economic Indicators Table 1.5 Sources: Financial data from Wall Street Journal. Gas prices from U.S. Energy Information Administration. Other data from Federal Housing Finance Administration, PA Department of Environmental Protection and PA Lottery. Economic Outlook | Page 7 Long- Hits: 1 |
NGPR-2019Q4.pdf9.6% 11 All Other 3,794 3,697 3,795 -7.3% -2.6% 2.6% Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. For CY 2019, December production is estimated by the IFO Hits: 1 |
NGPR-2019Q2.pdfAll Other 3,794.2 3,697.4 1,490.2 -7.3% -2.6% 5.1% Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. Data and growth rates for 2019 are through May. All Hits: 1 |
NGPR-2019Q1.pdfAll Other 4,091.8 3,794.2 3,697.4 -9.3% -7.3% -2.6% Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. State Rank Independent Fiscal Office 8 First Quarter 2019 Abandoned Hits: 1 |
NGPR-2018Q4.pdfthrough November and the corresponding growth rate is based on the same time period in CY 2017. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. All Other New Mexico West Virginia Colorado Wyoming Ohio Louisiana Hits: 1 |
NGPR-2018Q2.pdfthe year and the corresponding growth rate is based on the same time period in CY 2017. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. All Other New Mexico West Virginia Colorado Wyoming Ohio Louisiana Hits: 1 |
NGPR-2018Q1.pdfthe year and the corresponding growth rate is based on the same time period in CY 2017. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. All Other New Mexico West Virginia Colorado Wyoming Ohio Louisiana Hits: 1 |
NGPR-2017Q4.pdf4 -0.5% -9.4% -7.8% Notes: Data for 2017 through November. December estimated by IFO. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. 0 5,000 10,000 15,000 20,000 25 Hits: 1 |
NGPR-2017Q2.pdfgrowth rates for 2017 through May. Data for all other years are for the full calendar year. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. 0 5,000 10,000 15,000 20,000 25 Hits: 1 |
NGPR-2017Q1.pdfgrowth rates for 2017 through February. Data for all other years are for the full calendar year. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. Annual Growth Rate 11 All Other 4,502.1 4 Hits: 1 |
NGPR-2016Q4.pdf296.5 1,282.4 -1.1% Notes: Data for 2016 through November. December estimated by IFO. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. Table 10 displays a state comparison of natural gas gross Hits: 1 |
NGPR-2016Q3.pdf2016 production and growth through August. Data for all other years are for the full calendar year. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. Table 10 displays a state comparison of gross production from Hits: 1 |
NGPR-2016Q2.pdf2016 production and growth through May. Data for all other years are for the full calendar year. Source: U.S. Energy Information Administration. Production does not directly correspond to DEP data. Table 10 displays a state comparison of gross production from Hits: 1 |
NGPR-2016Q1.pdf2016 production and growth through February. Data for all other years are for the full calendar year. Source: U.S. Energy Information Administration. Table 11 displays a state comparison of gross production from all well types. Pennsylvania and Ohio recorded the Hits: 1 |
NGIFE-2018.pdf2.20 for 2017) using Pennsylvania-specific heat content, net of post-production costs ($0.80). Prices are from BENTEK Energy. Post-production cost estimates are based on a Range Resources investor presentation from October 3, 2016, adjusted for statewide wet Hits: 1 |
NGIFE-2016.pdf1.56 for 2016) using Pennsylvania-specific heat content, net of post-production costs ($0.87). Prices are from BENTEK Energy. Post-production cost estimates are based on a Range Resources investor presentation from October 3, 2016, adjusted for statewide wet Hits: 1 |
NGIFE-2015.pdf56 for 2015) using Pennsylvania‐ speci Ðic heat content, net of post‐production costs ($0.82). Prices are from BENTEK Energy. Post‐production cost estimates are based on a Range Resources investor presentation from January 6, 2016, adjusted for wet and Hits: 1 |
Newsstand_2019_April.pdfand beverage prices increased by 1.0% and medical care by 3.9%, while gasoline declined by 11.0%. Excluding energy, the Philadelphia CPI-U increased by 1.9% from the prior year. - April 2019- National News Federal Income Tax Refunds Hits: 1 |
Newsstand_2018_November.pdfwith most of that happening in the last month…” In Pennsylvania, spot prices at regional hubs, as tracked by Bentek Energy, show similar trends. For the month of October, the weighted average spot price was up 192.4 percent from the Hits: 1 |
MTR-2019-09.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Source: U.S Hits: 1 |
MTR-2019-08.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Source: U.S Hits: 1 |
MTR-2019-07.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Source: U.S Hits: 1 |
MTR-2018-1.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2018-04.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2018-02.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2017-12.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2017-11.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2017-10.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2017-09.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2017-08.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2017-07.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2017-06.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2017-05.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2017-04.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2017-03.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2017-01.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2016-11.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2016-10.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2016-06.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2016-05.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2016-04.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2016-03.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2016-02.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2016-01.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2015-11.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2015-10-Highlights.pdfconsumer prices there will be no Social Security COLA for 2016, and the analysis attributes that result primarily to lower energy costs. It estimates that Pennsylvania personal income would increase by $800 million if Social Security recipients were to receive an Hits: 1 |
MTR-2015-09.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2015-08.pdfS. Bureau of Labor Statistics—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MTR-2015-07.pdfU.S. Department of Labor—Survey of Establishments. 3. Average price for one gallon of regular gasoline. Source: U.S. Energy Information Administration. 4. Annual change in average price level for U.S. and PA-NJ-DE-MD. Data for PA- Hits: 1 |
MQRE-FY19-20-Aug.pdfmillion) and PIT annual ($1.6 million). FY 2019-20 Monthly and Quarterly Estimates | Page 12 Coal Refuse Energy and Reclamation Tax Credit (Act 13) The act extends the current sunset date of the program to 2036 and increases the cap Hits: 1 |
Monthly_Economic_Update_Oct_2023.pdfSurvey of Establishments. 3. Average price for one gallon of regular gasoline in the Central Atlantic region. Source: U.S. Energy Information Administration. 14. Year-over-year growth rate of S&P 500 closing price for last trading day of the Hits: 1 |
Monthly_Economic_Update_Nov_2023.pdfSurvey of Establishments. 3. Average price for one gallon of regular gasoline in the Central Atlantic region. Source: U.S. Energy Information Administration. CreationDate: 2023-11-29 18:44:45 Creator: PScript5.dll Version 5.2.2 ModDate: 2023-11-29 Hits: 1 |
mid-year-FY14-15-presentation.pdf2% 2.5% 3.5% 7.1% All Other 2.3% 1.8% 2.7% 19.8% All Items Less Energy 1.6% 1.7% 2.0% Source: U.S. Bureau of Labor Statistics. CPI‐U weight represents 2011 and 2012 Hits: 1 |
EPLC Feb 2020 FINAL.pdf2.2% 2.1% Notes: Production and wells spud are from PA Department of Environmental Protection. Prices are from Bentek Energy. Units are $ per MMBtu. Impact fee historicals are from the PA Public Utility Commission, based on drilling year, not year Hits: 1 |
Budget_Hearing_Background-Feb2014.pdfIndex (PA-NJ-DE-MD) Source: IHS Economics, January 2014. Average Gasoline Prices: Central Atlantic Region Regular unleaded gasoline. Source: Energy Information Administration. 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% Hits: 1 |
PensionsSession 2009-2010 Regular Session 2009-2010 Special Session #1 (Transportation) 2007-2008 Regular Session 2007-2008 Special Session #1 (Energy Policy) 2005-2006 Regular Session 2005-2006 Special Session #1 (taxpayer relief act) 2003-2004 Regular Session 2001-2002 Regular Hits: 1 |
PensionsSession 2009-2010 Regular Session 2009-2010 Special Session #1 (Transportation) 2007-2008 Regular Session 2007-2008 Special Session #1 (Energy Policy) 2005-2006 Regular Session 2005-2006 Special Session #1 (taxpayer relief act) 2003-2004 Regular Session 2001-2002 Regular Hits: 1 |
About IFOand forecasting revenues from the gross receipts and inheritance taxes. Other responsibilities include working on projects related to natural gas, energy and school district property taxes. Robyn Toth Fiscal Analyst/Communications Ms. Toth joined the IFO in 2017 and her primary Hits: 1 |