Natural Gas Quarterly Update, 2023 Q4This document uses data from the Pennsylvania Department of Environmental Protection and Natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices. Tags: gas, natural, production |
2023 Impact Fee EstimateThis report uses recent data published by the Department of Environmental Protection to project CY 2023 Impact Fee collections (remitted April 2024). Collections are estimated to be $174.0 million, a decrease of $104.8 million from the prior year. Tags: fee, gas, impact, natural |
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. Tags: gas, natural, production |
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. Tags: gas, natural, production |
Impact Fee Update and Outlook 2023This update examines 2022 impact fee collections and provides an outlook for 2023. The Commonwealth collected $278.9 million in impact fees for 2022, a $44.4 million increase from 2021. Tags: fee, gas, natural |
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. Tags: gas, natural, production |
Natural Gas Production Report, 2022Q4This report for the fourth quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, natural, production |
Natural Gas Production Report, 2022Q3This report for the third quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, natural, production |
2022 Impact Fee EstimateThis report uses recent data published by the Department of Environmental Protection to project CY 2022 Impact Fee collections (remitted April 2023). Collections are estimated to be $274.8 million, an increase of $40.4 million from the prior year. Tags: fee, gas, impact, natural |
Natural Gas Production Report, 2022Q2This report for the second quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, natural, production |
Impact Fee Update and Outlook 2022This update examines 2021 impact fee collections and provides an outlook for 2022. The Commonwealth collected $234.4 million in impact fees for 2021, an $88.2 million increase from 2020. Tags: fee, gas, natural |
BUDGET AND ECONOMIC UPDATE PRESENTATIONDeputy Director Brenda Warburton and Revenue Analyst II Jesse Bushman gave a presentation to the Marcellus Shale Coalition regarding the Commonwealth’s economic and budget outlook and recent natural gas trends. Tags: gas, marcellus, natural, presentation, shale |
natural Gas Quarterly Update, 2023 Q4This document uses data from the Pennsylvania Department of Environmental Protection and natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices. 02/26/2024 |
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 |
natural Gas Production Report, 2022Q4This report for the fourth quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 03/02/2023 |
PBB Overview Presentation for DCNR and DDAPIFO presentation of Performance-Based Budget overview and agency highlights for the Department of Conservation and natural Resources and the Department of Drug and Alcohol Programs is posted on the website. 01/09/2023 |
Executive OfficesAct 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fifth year, the IFO reviewed the Department of Conservation and natural Resources, Department of Drug and Alcohol Programs, Department of Revenue, Pennsylvania Insurance Department and the Executive Offices. Click on the link to access the performance-based budget review for the Executive Offices. Approved by the PBB Board on January 11, 2023. 01/05/2023 |
Pennsylvania Insurance DepartmentAct 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fifth year, the IFO reviewed the Department of Conservation and natural Resources, Department of Drug and Alcohol Programs, Department of Revenue, Pennsylvania Insurance Department and the Executive Offices. Click on the link to access the performance-based budget review for the Pennsylvania Insurance Department. Approved by the PBB Board on January 11, 2023. The report was reposted on January 18, 2023 to correct a single year of data on page 14. 01/05/2023 |
Department of RevenueAct 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fifth year, the IFO reviewed the Department of Conservation and natural Resources, Department of Drug and Alcohol Programs, Department of Revenue, Pennsylvania Insurance Department and the Executive Offices. Click on the link to access the performance-based budget review for the Department of Revenue. Approved by the PBB Board on January 10, 2023. 01/05/2023 |
Department of Drug and Alcohol ProgramsAct 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fifth year, the IFO reviewed the Department of Conservation and natural Resources, Department of Drug and Alcohol Programs, Department of Revenue, Pennsylvania Insurance Department and the Executive Offices. Click on the link to access the performance-based budget review for the Department of Drug and Alcohol. Approved by the PBB Board on January 9, 2023. 01/05/2023 |
Department of Conservation and natural ResourcesAct 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fifth year, the IFO reviewed the Department of Conservation and natural Resources, Department of Drug and Alcohol Programs, Department of Revenue, Pennsylvania Insurance Department and the Executive Offices. Click on the link to access the performance-based budget review for the Department of Conservation and natural Resources. Approved by the PBB Board on January 9, 2023. 01/05/2023 |
natural Gas Production Report, 2022Q3This report for the third quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 12/05/2022 |
natural Gas Production Report, 2022Q2This report for the second quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/18/2022 |
natural Gas Production Report, 2022Q1This report for the first quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/26/2022 |
BUDGET AND ECONOMIC UPDATE PRESENTATIONDeputy Director Brenda Warburton and Revenue Analyst II Jesse Bushman gave a presentation to the Marcellus Shale Coalition regarding the Commonwealth’s economic and budget outlook and recent natural gas trends. 03/31/2022 |
natural Gas Production Report, 2021Q4This report for the fourth quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 02/22/2022 |
natural Gas Production Report, 2021Q3This report for the third quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 11/22/2021 |
natural Gas Production Report, 2021Q2This report for the second quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/24/2021 |
natural Gas Production Report, 2021Q1This report for the first quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/24/2021 |
Budget and Economic Update PresentationDeputy Director Brenda Warburton and Revenue Analyst Jesse Bushman gave a presentation to the Marcellus Shale Coalition regarding the Commonwealth’s economic and budget outlook and recent natural gas trends. 03/31/2021 |
natural Gas Production Report, 2020Q4This report for the fourth quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 03/02/2021 |
natural Gas Production Report, 2020Q3This report for the third quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 11/24/2020 |
natural Gas Production Report, 2020Q2This report for the second quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/20/2020 |
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 |
natural Gas Production Report, 2020Q1This report for the first quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/21/2020 |
natural Gas Production Report, 2019Q4This report for the fourth quarter of 2019 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 02/26/2020 |
natural Gas Production Report, 2019Q3This report for the third quarter of 2019 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 12/03/2019 |
natural Gas Royalties Increase in 2017This research brief uses state personal income tax data to estimate natural gas royalties paid to landowners in 2017. The data suggest that royalties paid increased significantly from the prior year due to increased production and higher prices. 09/20/2019 |
natural Gas Production Report, 2019Q2This report for the second quarter of 2019 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/21/2019 |
natural Gas Production Report, 2019Q1This report for the first quarter of 2019 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/30/2019 |
natural GAS PRODUCTION REPORT, 2018 Q4This report for the fourth quarter of 2018 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 03/05/2019 |
natural Gas Production Report, 2018 Q3This report for the third quarter of 2018 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 12/04/2018 |
natural GAS PRODUCTION REPORT, 2018Q2This report for the second quarter of 2018 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/30/2018 |
Impact Fee Update and 2018 OutlookThis report examines 2017 impact fee collections and natural gas production in Pennsylvania. It also provides an outlook for 2018. 06/28/2018 |
natural GAS PRODUCTION REPORT, 2018Q1This report for the first quarter of 2018 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/31/2018 |
Pennsylvania natural Gas RoyaltiesThe IFO responds to a request regarding natural gas royalty payments in Pennsylvania. Based on draft statutory language provided by the Administration regarding the deductibility of the proposed severance tax from royalty payments, footnote 7 was added to the original letter. (March 23, 2018) 03/23/2018 |
natural Gas Production Report, 2017Q4This report for the fourth quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 03/05/2018 |
Budget Hearings Packet for Appropriations CommitteesThe Independent Fiscal Office submitted material to the House and Senate Appropriations Committees in advance of its scheduled budget hearings on Tuesday, February 20. The hearings packet contains a brief background on the Independent Fiscal Office and its responsibilities, along with a list of the reports and analyses published since January 2017. It also provides data regarding the economic and revenue outlook, demographics, pensions, and natural gas. Testimony Supplemental Table 02/16/2018 |
natural Gas Production Report, 2017 Q3This report for the third quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 12/07/2017 |
natural Gas Production Report, 2017 Q2This report for the second quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/29/2017 |
Impact Fee Update and 2017 OutlookThis research brief examines 2016 impact fee collections and natural gas production in Pennsylvania. It also provides an outlook for 2017. 07/04/2017 |
natural Gas Production Report, 2017 Q1This report for the first quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/22/2017 |
natural Gas Production Report, 2016 Quarter 4This report for the fourth quarter of 2016 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 03/02/2017 |
Budget Hearing Packet for Appropriations CommitteesThe IFO has compiled information for the House and Senate Appropriations Committees in advance of its scheduled testimony on Tuesday, February 21. The hearing packet contains a brief background on the Independent Fiscal Office and its responsibilities, along with a list of the reports and analyses published since January 2016. It also provides data regarding the economic and revenue outlook, demographics, pensions, and natural gas. Download a version for optimized web viewing 02/16/2017 |
natural Gas Production Report, 2016 Quarter 3This report for the third quarter of 2016 and the calendar year-to-date uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 11/30/2016 |
natural Gas Production Report, 2016 Quarter 2This report for the second quarter of 2016 and the calendar year-to-date uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/26/2016 |
Impact Fee Update and 2016 OutlookThis research brief examines 2015 impact fee collections and natural gas production in Pennsylvania. It also provides an outlook for 2016. 07/14/2016 |
natural Gas Production Report, 2016 Quarter 1This report for the first quarter of 2016 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/26/2016 |
natural Gas Production Report, 2015 July to DecemberThis report for the second half of 2015 and the calendar year-to-date uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 02/29/2016 |
Glossary of natural Gas TerminologyGlossary of technical terms to supplement the natural Gas Production Report for the first half of 2015. 09/15/2015 |
natural Gas Production Report, 2015 January to JuneThis report for the first half of 2015 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 09/15/2015 |
Impact Fee Update and 2015 OutlookThis research brief analyzes calendar year (CY) 2014 impact fee revenues (remitted April 2015) reported by the Pennsylvania Public Utility Commission (PUC) and potential scenarios for CY 2015. The research brief also translates the impact fee into an annual average effective tax rate (ETR) based on natural gas price and production data. The ETR is a metric that quantifies the implicit tax burden imposed by the impact fee in a given year. 06/25/2015 |
Impact Fee Update - February 2015This research brief estimates the calendar year 2014 impact fee revenues (to be remitted in April 2015) using data from the Department of Environmental Protection (DEP) and the Public Utility Commission (PUC). The research brief also translates the impact fee into an annual average effective tax rate (ETR) based on recent natural gas price and production data. The ETR is a metric that quantifies the implicit tax burden imposed by the impact fee in a given year. 02/27/2015 |
natural Gas Extraction: An Interstate Tax ComparisonThis report compares Pennsylvania's unique natural gas tax structure to other states. The report also considers other taxes that may be levied on natural gas producers such as real and personal property, corporate and personal income, sales and use and miscellaneous fees. Due to the complexity of the analysis, readers are encouraged to thoroughly review the methodology and assumptions contained in Section 1 of this report. Full report Analysis-in-Brief (2 pages) Background on effective tax rates (2 pages, updated 4/4/2014 for the 2013 reporting year impact fee collections) 03/17/2014 |
Single-Use Plastics Report-2020_06.pdf2016. He is the primary analyst responsible for all reports and analyses related to local property taxes and natural gas. Other responsibilities include forecasting revenues for gross receipts and inheritance taxes and performance-based budgeting for agencies such as the Department 31 Retail Bag Manufacturing Employment and Production ..................................................................... 31 Manufacturer Response to Regulations ........................................................................................... 32 Petrochemical and Plastics Manufacturing from Natural Gas ............................................................. 33 Section 6: Net Economic Impacts ........................................................................................... 37 Consumption and Spending on Retail Bags...................................................................................... 37 Impact on Employment and Earnings ............................................................................................. 39 Treatment Hits: 33 |
Revenue-Proposal-Analysis-2018-04.pdfintentionally left blank. - Table of Contents Introduction ................................................................................................................ 1 Tax and Revenue Proposals ......................................................................................... 3 Corporate Net Income Tax ........................................................................................ 3 Natural Gas Severance Tax ....................................................................................... 7 Raising the Minimum Wage ....................................................................................... 15 Minimum Wage Across States ................................................................................. 16 Workers Directly Affected by a Higher Minimum Wage Budget proposes changes to the corporate net income tax and a new tax levy on the severance of natural gas. By fiscal year (FY) 2022-23, the analysis projects that the proposals would increase General Fund tax revenues by $305 million Hits: 25 |
RB 2019 Natural Gas Royalties.pdfNatural gas royalties are an important source of income for many Pennsylvania landowners. Firms pay royalties based on the revenues received from the sale of natural gas extracted from wells located on a landowner’s property. Pennsylvania law mandates a minimum royalty rate of 12.5 Hits: 24 |
index.cfmreport also summarizes the impact from scenarios that allow investment performance to exceed and fall short of assumptions. ... (Full Report) Natural Gas Quarterly Update, 2023 Q4 Energy February 26, 2024 This document uses data from the Pennsylvania Department of Environmental Protection and Natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices. ... (Full Hits: 21 |
TC_2022_Coal_Refuse_Energy_and_Reclamation.pdfmediated so that refuse must now be transported over longer distances. Higher transport costs, excess capacity and robust growth of natural gas production have contributed to facility closures. For 2019, the average CRER Tax Credit issued was $1.7 million Regulatory Policies Act (PURPA) in November 1978. The stated goals of the act were to (1) conserve electric energy and natural gas, (2) improve the reliability and equity of U.S. domestic electricity and (3) provide for the development of crude Hits: 20 |
TC_2023_PA_Resource_Manufacturing.pdfestablished petrochemical industries have developed the related infrastructure to support the supply chain. This clustering of related firms, both upstream (natural gas producers, processing, pipelines/transportation) and downstream (plastic manufacturers, warehouses and distribution facilities) increases the number of indirect jobs located Pennsylvania. Purpose To establish a robust petrochemical industry cluster in Pennsylvania. 2 Ethane is a colorless, odorless derivative of natural gas that is used as the raw material in the manufacturing of ethylene. Ethylene is an organic hydrocarbon compound widely Hits: 19 |
Impact-Fee-Update-Outlook-2019-06.pdfJune 2019 1 Impact Fee Update and 2019 Outlook Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. 1 Proceeds from the impact fee are distributed Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. Distributions for the last four calendar years are shown in Table 1. The annual impact fee Hits: 18 |
Budget_Hearing_Background_Feb2016.pdfProvides detail regarding impact fee revenues including the number of wells subject to the fee and their vintage. Quarterly Natural Gas Production Report. Provides unconventional production volumes and well counts on a quarterly basis. Top producing counties also listed. Official Revenue Estimate (June 2015) Impact Fee Update and Outlook (June 2015) Quarterly Revenue Estimates (September 2015) Natural Gas Production Report (October 2015) Quarterly Revenue Review (October 2015) Raising the Minimum Wage in Pennsylvania (November 2015 Hits: 18 |
Impact_Fee_Update_Outlook_2021.pdfIndependent Fiscal Office | June 2021 Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. 1 Proceeds from the impact fee are distributed Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. Distributions for the last four calendar years are shown in Table 1. The annual impact fee Hits: 17 |
Impact-Fee-Update-Outlook-2020.pdfIntroduction Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. 1 Proceeds from the impact fee are distributed Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. Distributions for the last four calendar years are shown in Table 1. The annual impact fee Hits: 16 |
Impact-Fee-Update-2017-Outlook-2017-07.pdf3 July 2017 Impact Fee Update and 2017 Outlook Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. 1 Proceeds from the impact fee are distributed Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. Distributions for the last four calendar years are shown in Table 1. The annual impact fee Hits: 16 |
IFO_Hearing_Packet_Feb2018.pdf14 State Comparison ‐ Tax Burdens 15 Simulation: Impact of Federal Tax Reform 16 Pennsylvania Federal Income Tax Data (2015) 17 Natural Gas Trends Production, Price and Impact Fee Trends 18 Historical Spot Prices 19 Impact Fee Research Brief 20 PSERS and Provides detail regarding impact fee revenues, including the number of wells subject to the fee and their vintage. Quarterly Natural Gas Production Report. Provides unconventional production volumes and well counts on a quarterly basis. Top producing counties also listed. Published Hits: 16 |
2022-Impact-Fee-Estimate.pdfIntroduction Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. 1 Proceeds from the impact fee are distributed Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. Distributions for the last four calendar years are shown in Table 1. (2022 is an estimate Hits: 16 |
Impact-Fee-Update-2018-Outlook-2018-06.pdfJune 2018 1 Impact Fee Update and 2018 Outlook Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. 1 Proceeds from the impact fee are distributed Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. Distributions for the last four calendar years are shown in Table 1. The annual impact fee Hits: 15 |
Impact-Fee-Estimate-2019.pdfFiscal Office January 2020 1 2019 Impact Fee Estimate Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. 1 Proceeds from the impact fee are distributed Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. The annual impact fee for an unconventional natural gas well is determined according to a bracketed Hits: 15 |
2023_Impact_Fee_Estimate.pdfIntroduction Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. 1 Proceeds from the impact fee are distributed Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. Distributions for this year and the past three calendar years are shown in Table 1. (2023 Hits: 15 |
2021_Impact_Fee_Estimate.pdfIntroduction Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. 1 Proceeds from the impact fee are distributed Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. Distributions for the last four calendar years are shown in Table 1. (2021 is an estimate Hits: 15 |
Impact_Fee_Update_Outlook_2023.pdfIntroduction Pennsylvania imposes an annual impact fee on unconventional natural gas wells that were drilled or operating in the previous calendar year. The fee is administered by the Pennsylvania Public Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. Distributions for the last four calendar years are shown in Table 1. The annual impact fee Hits: 14 |
Impact_Fee_Update_Outlook_2022.pdfIntroduction Pennsylvania imposes an annual impact fee on unconventional natural gas wells that were drilled or operating in the previous calendar year. The fee is administered by the Pennsylvania Public Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. Distributions for the last four calendar years are shown in Table 1. The annual impact fee Hits: 14 |
Economic_and_Revenue_Update_2020.pdfhave included wide-ranging discussions regarding Pennsylvania’s economic outlook, labor market, revenue collections, demographics, long-term fiscal outlook and natural gas trends. This submission includes data, tables and graphs that have been requested in prior budget hearings. We trust they Sales and Net Revenues ............................................................................................................ 17 Gaming Expansion Revenues .................................................................................................................. 18 State and Local Tax Burden Comparison ........................................................................................... 19 Property Tax Data ....................................................................................................................................... 20 Natural Gas Production and Spot Prices ............................................................................................ 21 Natural Gas Price Trends ($/mmbtu) ................................................................................................... 22 SERS and PSERS Employer Contributions Rates and Funding Hits: 14 |
2020_Impact_Fee_Estimate.pdfIntroduction Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. 1 Proceeds from the impact fee are distributed Local governments receive funds based on the number of wells located within their boundaries or their proximity to jurisdictions where natural gas extraction took place. Distributions for the last four calendar years are shown in Table 1. (2020 is an estimate Hits: 14 |
Five_Year_Outlook_2019.pdfpages. 2010-15 2015-20 2020-25 Start of Period 12,711 12,786 12,842 12,711 Natural Increase 65 13 -12 66 Births 706 682 657 2,045 Deaths -641 -668 -670 -1,979 Net Migration 10 42 77 deficit reflects an economy that operates at full-employment (i.e., has an unemployment rate that equals the “natural rate” of unemployment for the state economy, roughly 4 to 5 percent) and omits any one-time measures such as the temporary Hits: 13 |
Budget Hearings Packet.pdfUpdate. Provides detail regarding impact fee revenues including the number of wells subject to the fee and their vintage. • Quarterly Natural Gas Production Report. Provides unconventional production volumes and well counts on a quarterly basis. Top producing counties also listed. • Quarterly IFO’s revenue estimates to actual revenues. Published Reports and Analyses (since January 1, 2016) • Impact Fee Update (January 2016) • Natural Gas Production Report Quarter 4 (February 2016) • Economic Development Incentives (March 2016) • Analysis of Revenue Proposals in FY 2016-17 Hits: 13 |
Budget Hearings Packet- Web Version.pdfUpdate. Provides detail regarding impact fee revenues including the number of wells subject to the fee and their vintage. • Quarterly Natural Gas Production Report. Provides unconventional production volumes and well counts on a quarterly basis. Top producing counties also listed. • Quarterly IFO’s revenue estimates to actual revenues. Published Reports and Analyses (since January 1, 2016) • Impact Fee Update (January 2016) • Natural Gas Production Report Quarter 4 (February 2016) • Economic Development Incentives (March 2016) • Analysis of Revenue Proposals in FY 2016-17 Hits: 13 |
2013-06 Monthly Economic Summary - FINAL.pdf1.5% -0.1% -0.3% 2.6% 1.7% 5.1% 5.3% 5.6% 5.4% Snapshot: Liquefied Natural Gas (LNG) Exports and Pennsylvania Independent Fiscal Office Commonwealth of Pennsylvania The natural gas industry in Pennsylvania has expanded rapidly since the early 2000s. The Center for Work- force Information and Analysis (within Hits: 13 |
2007_divestment_complete_report.pdftrust, other association, government entity (other than the United States and the states that comprise it), estate, trust, foundation or natural person. The bills also require that, within 90 days of the bills’ effective dates, the Boards of the respective retirement as ___________________________________ 18 sponsoring terrorist activities; or _________________________________________________________ 19 (2) a country designated by the United States Department __________________________________________________________ 20 of State as having repeatedly provided support for acts of ________________________ 21 international terrorism. 22 Section 2. This act shall take effect in 60 days Hits: 13 |
NGQU_2023_Q2.pdf2023 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 shows recent trends in quarterly unconventional production volume, well counts and average spot Hits: 12 |
NGIFE-2015.pdf1 The research brief also translates the impact fee into an annual average effective tax rate (ETR) based on recent natural gas price and production data. The ETR is a metric that quanti Ðies the implicit tax burden imposed by the impact fee in a given year. Since 2012, Pennsylvania has imposed an annual impact fee on unconventional natural gas wells that were drilled or operating in the previous calendar year. To date, the impact fee has generated approximately Hits: 12 |
Five_Year_Outlook_2022.pdflower than 2010 to 2015. 2010-20 2020-25 2025-30 Start of Period 12,701 12,990 12,960 Natural Increase 93 -62 -108 Births 1,400 660 645 Deaths -1,307 -722 -753 Net Migration 195 33 44 End million (0.3% per annum) due to the declining college population nearly offsetting projected inflationary increases. ▪ Department of Conservation and Natural Resources (DCNR) expenditures are projected to grow $36 million (4.3% per annum) from FY 2022-23 through FY 2027- Hits: 12 |
NGIFE-2018.pdfBrief 2018-2 January 2018 2017 Impact Fee Estimate Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. This research brief uses recent data published by 2018. 1 This brief also translates the impact fee into an annual average effective tax rate (ETR) based on recent natural gas price and production data. The ETR quantifies the implicit tax burden imposed by the impact fee in a given Hits: 11 |
MSC_March_31_2022.pdfcorporate tax changes Main economic issues ▪ What happened to the labor force? ▪ Inflation for 2022 | wage-price spiral taking hold? Natural gas trends ▪ National and regional prices remain high | impact fee is elevated ▪ Will international demand impact PA production? March 31 Jul Oct Jan-21 Apr Jul Oct Jan-22 3rd EIP 1st EIP 2nd EIP EIP is economic impact payment Natural Gas Trends 2016 2017 2018 2019 2020 2021 PA Production (bcf) 5,096 5,364 6,123 6,815 7 Hits: 11 |
MSC_March_31_2021.pdfof firms pay entire increase Note: Figures in dollar millions. Source: Independent Fiscal Office, Analysis of Revenue Proposals (April 2020). Natural Gas Trends 2015 2016 2017 2018 2019 2020 PA Production (bcf) 4,601 5,096 5,364 6,123 6 501 811 777 614 475 Growth Rate -42.7% -36.1% 61.9% -4.2% -21.0% -22.6% PA Natural Gas Spot Price $1.37 $1.47 $2.10 $2.59 $2.10 $1.38 NYMEX Natural Gas Price $2 Hits: 11 |
NGQU_2023_Q4.pdfINDEPENDENT FISCAL OFFICE FOURTH QUARTER 2023 This document uses data from the Pennsylvania Department of Environmental Protection (DEP) and Natural Gas Intelligence to provide a quarterly update on natural gas production and prices. The table below shows recent trends in quarterly unconventional production volume, well counts and average spot Hits: 10 |
NGQU_2023_Q3.pdf2023 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 shows recent trends in quarterly unconventional production volume, well counts and average spot Hits: 10 |
NGPR-2016Q4.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. Unless otherwise noted, this report uses those data, in conjunction with DEP data which include the Marcellus and Utica formations. The final page provides definitions of the technical terms used throughout this report. Natural Gas Production Report Fourth Quarter 2016 Table 2: Well Count Fourth Quarter Calendar Year 2016 2015 Growth 2016 2015 Growth Hits: 10 |
NGIFE-2016.pdfBrief 2017-1 January 2017 2016 Impact Fee Estimate Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. This research brief uses recent data published by 2017. 1 This brief also translates the impact fee into an annual average effective tax rate (ETR) based on recent natural gas price and production data. The ETR is a metric that quantifies the implicit tax burden imposed by the impact Hits: 10 |
MTR-2017-02.pdfin Pennsylvania has contracted from 55% in 2006 to 25% in 2016, due, in part, to the increasing prevalence of natural gas. In 2006, natural gas was the third largest source of electricity, comprising 6.2% of electricity generated. Data for 2016 show that natural Hits: 10 |
IFO_Testimony_RGGI_Nov_4_2022.pdfby the model. (See page 3.) • The latest EIA data for 2021 show an increase in total generation, especially for natural gas and coal. The model reference case assumed flat total generation for 2022 with a material reduction for natural gas. • For 2022, the difference between assumed and actual generation from natural gas could be ~16%. Third, natural gas prices Hits: 10 |
IFO_Hearing_Materials_March_2023.pdfpast hearings have included discussions regarding Pennsylvania’s economic outlook, labor market, revenue collections, demographics, long-term fiscal outlook and natural gas trends. This submission includes data, tables and graphs that have been requested in prior budget hearings. We trust they proposals. Dollar Amount (millions) Growth Rate Independent Fiscal Office 13 March 2023 Energy Trends Energy Trends 2019 Rank 2022 Rank Natural gas production (bcf) 1 6,815 2 7,450 2 Impact Fee Collections ($ millions) 2 $200.4 -- $274.8 -- Coal Hits: 10 |
Five_Year_Outlook_2020.pdfpopulation. 2010-15 2015-20 2020-25 2025-30 Start of Period 12,711 12,785 12,802 12,768 Natural Increase 65 4 -50 -120 Births 706 679 644 618 Deaths -641 -675 -694 -738 Net Migration 9 13 16 items that were funded by the Environmental Stewardship and Recycling Funds in FY 2019-20. Department of Conservation and Natural Resources expenditures are projected to increase by $24 million (17.4 percent) in FY 2021-22 due to reduced support Hits: 10 |
RB-2019-01.pdfBrief 2019-1 January 2019 2018 Impact Fee Estimate Pennsylvania imposes an annual impact fee on unconventional (i.e., shale) natural gas wells that were drilled or operating in the previous calendar year. This research brief uses recent data published by 2019. 1 This brief also translates the impact fee into an annual average effective tax rate (ETR) based on recent natural gas price and production data. The ETR quantifies the implicit tax burden imposed by the impact fee in a given Hits: 9 |
PBB_2023_DCNR_REPORT.pdfsubmitted by the IFO to the board for review.” This report contains the review for the Department of Conservation and Natural Resources. All performance-based budget (PBB) reviews submitted to the Board contain the following content for each activity or service Knittel Director - This page intentionally left blank. - Table of Contents Background on Performance-Based Budgeting ...................................................................................... 1 Department of Conservation and Natural Resources .............................................................................. 3 Activity 1: State Parks ......................................................................................................................... 9 Activity 2: State Forests..................................................................................................................... 13 Activity 3: Local Recreation and Conservation ..................................................................................... 17 Activity Hits: 9 |
NGPR-2020-Q2.pdfINDEPENDENT FISCAL OFFICE SECOND QUARTER 2020 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) from natural gas operators to develop statewide tabulations of production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production and well count data pertain only to gas produced from unconventional sources (e.g Hits: 9 |
NGPR-2016Q3.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. Unless otherwise noted, this report uses those data, in conjunction with DEP data which include the Marcellus and Utica formations. The final page provides definitions of the technical terms used throughout this report. Natural Gas Production Report Third Quarter 2016 Table 2: Well Count Third Quarter Calendar Year-to-Date 2016 2015 Growth 2016 Hits: 9 |
NGPR-2016Q2.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. Except as otherwise noted, this report uses those data, in conjunction with DEP which include the Marcellus and Utica formations. The final page provides definitions of the technical terms used throughout this report. Natural Gas Production Report Second Quarter 2016 Table 2: Well Count Second Quarter Calendar Year-to-Date 2016 2015 Growth 2016 Hits: 9 |
NGPR-2016Q1.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. Except as otherwise noted, this report uses those data, in conjunction with DEP which include the Marcellus and Utica formations. The final page provides definitions of the technical terms used throughout this report. Natural Gas Production Report First Quarter 2016 Table 2: Well Count First Quarter Calendar Year-to-Date 2016 2015 Growth 2016 Hits: 9 |
NGPR-2015-2H.pdfThe Pennsylvania Department of Environmental Protection publishes monthly production data submitted by natural gas extractors that operate in the state. This report uses those data to develop statewide and county-level tabulations of data summarized in this report pertain exclusively to gas produced from unconventional formations, which include the Marcellus and Utica formations. Natural Gas Production Report July to December Calendar Year 2015 Table 2: Historical Horizontal Well Production Total Volume (bcf) Calendar Jan Hits: 9 |
IFO_Hearing_Packet_Feb2019.pdfMigration Comparison .............................................................................. 11 2018-19 Revenue Update........................................................................................................ 12 2019-20 Revenue Projections ............................................................................................... 13 State Comparison: State-Local Tax Burdens ................................................................... 14 Natural Gas Production and Spot Prices ........................................................................... 15 Natural Gas Spot Prices ............................................................................................................ 16 Natural Gas: U.S. and PA Consumption .............................................................................. 17 2018 Impact Fee Estimate ...................................................................................................... 18 Pension Systems Data Hits: 9 |
IFO_Hearing_Materials_Feb_22_2022.pdfpast hearings have included discussions regarding Pennsylvania’s economic outlook, labor market, revenue collections, demographics, long-term fiscal outlook and natural gas trends. This submission includes data, tables and graphs that have been requested in prior budget hearings. We trust they Demographics – Net Domestic Migration Trends ......................................................... 9 Revenues – Fiscal Year to Date ................................................................................ 10 Revenues – General Fund Projections ...................................................................... 11 Impact Fee and Natural Gas Trends ......................................................................... 12 State and Local Tax Burden ..................................................................................... 13 Corporate Net Income Tax State Comparison ........................................................... 14 State Pension Outlook ............................................................................................. 15 Hits: 9 |
IFO_Hearing_Materials_02_2024.pdfPhiladelphia CPI-U ............................................................................................... 16 Consumer Wealth and Debt .................................................................................. 17 Demographic Projections ...................................................................................... 18 Demographics – Components of Population Change ............................................... 19 Other Data Natural Gas Trends .............................................................................................. 20 State and Local Taxes Per Capita .......................................................................... 21 Corporate Net Income Tax Comparison ................................................................. 22 State Pension Outlook .......................................................................................... 23 of Columbia, and Puerto Rico: April 1, 2020 to July 1, 2023. Independent Fiscal Office 20 February 2024 Other Data Natural Gas Trends Natural Gas Trends Impact Fee and Natural Gas Trends 2018 2019 2020 2021 2022 2023 Impact Fee Revenues Hits: 9 |
Economic_and_Revenue_Update_2021.pdfpast hearings have included discussions regarding Pennsylvania’s economic outlook, labor market, revenue collections, demographics, long-term fiscal outlook and natural gas trends. This submission includes data, tables and graphs that have been requested in prior budget hearings. We trust they 12 General Fund Financial Statement Comparison ........................................................ 13 General Fund Education Expenditures .................................................................... 14 School District Property Tax ................................................................................... 15 Impact Fee and Natural Gas Trends ....................................................................... 16 State and Local Tax Burden: Average Tax Rate and Rank ........................................ 17 SERS and PSERS Financial Data ............................................................................. 18 Hits: 9 |
TC_2023_Waterfront_Development.pdfassure that contributions received are used for the designated project. The department, in conjunction with the Department of Conservation and Natural Resources (DCNR), will review the project application and notify the qualified organization within 60 days if the project has been levels of social interaction, greater oppor- tunities for physical activity and reduced emissions from automobile traffic. Because waterfronts have a natural land barrier which prevents development from exceeding the space (i.e., the water), these areas must make efficient use of Hits: 8 |
NGQU_2023_Q1.pdfDepartment 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 production volume, well counts and average spot price was $2.23. This represents a decrease of $1.87 (-45.7%) from the prior year. National and regional natural gas prices have plummeted due to a mild winter and the commensurate increase in inventory throughout the country. 2023 Q1 Hits: 8 |
NGPR_2022_Q4.pdfINDEPENDENT FISCAL OFFICE FOURTH QUARTER 2022 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) by natural gas operators to compute statewide totals for production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production volume and well count data pertain only to gas produced from unconventional sources (e Hits: 8 |
NGPR_2022_Q2.pdfINDEPENDENT FISCAL OFFICE SECOND QUARTER 2022 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) by natural gas operators to compute statewide totals for production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production volume and well count data pertain only to gas produced from unconventional sources (e Hits: 8 |
NGPR_2020_Q3.pdfINDEPENDENT FISCAL OFFICE THIRD QUARTER 2020 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) by natural gas operators to develop statewide tabulations of production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production and well count data pertain only to gas produced from unconventional sources (e.g Hits: 8 |
NGPR-2019Q3.pdfTrends For the third quarter of 2019, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total natural gas production volume was 1,714.7 billion cubic feet (bcf) (see Table 1). This output represents an increase of growth rate in two years. Calendar year production is up 12.7 percent compared to the same period in 2018. Natural Gas Production Report Q3 Table 2: Production Volume by Spud Year (bcf) Third Quarter Calendar Year Spud Year 2018 2019 Hits: 8 |
NGPR-2018Q3.pdfTrends For the third quarter of 2018, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total natural gas production volume was 1,570.1 billion cubic feet (bcf) (see Table 1). Compared to the third quarter of 18.5 percent. That rate is considerably higher than the first (9.9 percent) and second (10.0 percent) quarters. Natural Gas Production Report Q3 Table 2: Production Volume by Spud Year (bcf) Third Quarter Calendar Year-to-Date Spud Year Hits: 8 |
MTR-2016-11.pdf298.7% FYTD $10,836 $10,727 $110 Growth 1.5% 1.6% -4.5% Dollar amounts are in millions. NATURAL GAS DRILLING JOBS DECLINE AS PRODUCTION INCREASES Employment in the natural gas industry has been declining in Pennsylvania in recent years. Data from the Quarterly Census of Employment and Wages 1 Hits: 8 |
2013-10 Monthly Economic Summary.pdf5.5% Snapshot: Pennsylvania Unconventional Well Impact Fee Independent Fiscal Office Commonwealth of Pennsylvania From 2010 to 2011, production of natural gas in Penn- sylvania more than doubled, growing from 572.9 billion cubic feet to 1.3 trillion cubic feet, with shale gas wells comprising approximately 80 percent of the production in 2011. 1 Production of natural gas from unconventional (i.e. shale) wells grew further to 1.4 trillion cubic feet in the first half of Hits: 8 |
TC_2021_Resource_Enhancement_and_Protection.pdfPractices are designated BMPs by the State Conservation Commission based on guidance from the U.S. Department of Agriculture’s Natural Resources Conservation Service. 3 The Pennsylvania Clean Streams Law requires that farmers have (1) a current Agricultural Erosion and Sediment percent). done by a qualified individual (i.e., a representative from the applicant’s local conservation district, a U.S. Natural Resource and Conservation Service officer or a qualified private sector technical service provider). 12 Extensions are granted at the discretion Hits: 7 |
RB_2023_03_Electricity_Update.pdfmore recently, Pennsylvania net exports declined by 4.8% from 2021 (not shown). This may have been due to the natural gas price surge as the average spot price at Pennsylvania regional hubs increased by 82.5% from 2021 to 2022. In 2022, natural gas was used for 54.5% of electricity generation in Pennsylvania, while nuclear power accounted for 32.0% and coal Hits: 7 |
PBB_2020_DEP_Report.pdfDepartment will work as a partner with individuals, organizations, governments and businesses to prevent pollution and restore our natural resources. Services Provided For this report, the services provided by DEP are classified into 17 general activities. For the purpose of this for public water systems to increase staff and resources. Pennsylvania’s legacy of coal mining and oil and natural gas drilling represents a significant challenge for the department. The Oil and Gas Management and Abandoned Mine Reclamation activi- ties address the Hits: 7 |
NGPR_2022_Q3.pdfINDEPENDENT FISCAL OFFICE THIRD QUARTER 2022 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) by natural gas operators to compute statewide totals for production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production volume and well count data pertain only to gas produced from unconventional sources (e Hits: 7 |
NGPR_2021_Q4.pdfINDEPENDENT FISCAL OFFICE FOURTH QUARTER 2021 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) by natural gas operators to develop statewide tabulations of production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production and well count data pertain only to gas produced from unconventional sources (e.g Hits: 7 |
NGPR_2021_Q2.pdfINDEPENDENT FISCAL OFFICE SECOND QUARTER 2021 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) by natural gas operators to develop statewide tabulations of production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production and well count data pertain only to gas produced from unconventional sources (e.g Hits: 7 |
NGPR_2020_Q4.pdfINDEPENDENT FISCAL OFFICE FOURTH QUARTER 2020 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) by natural gas operators to develop statewide tabulations of production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production and well count data pertain only to gas produced from unconventional sources (e.g Hits: 7 |
NGPR-2020-Q1.pdfINDEPENDENT FISCAL OFFICE FIRST QUARTER 2020 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) from natural gas operators to develop statewide tabulations of production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production and well count data pertain only to gas produced from unconventional sources (e.g Hits: 7 |
NGPR-2019Q1.pdfTrends For the first quarter of 2019, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total natural gas production volume was 1,655.4 billion cubic feet (bcf) (see Table 1). Compared to the first quarter of grew by 14.7 percent. Despite decelerating from the previous two quarters, production growth continued to show signifi- cant strength. Natural Gas Production Report Q1 Table 2: Production Volume by Spud Year (bcf) First Quarter Spud Year 2018 2019 Growth Share Hits: 7 |
Five_Year_Outlook_2023.pdfworking- age adults per youth. 2015-20 2020-25 2025-30 Start of Period 12,891 12,994 12,995 Natural Increase 7 -76 -111 Births 684 650 638 Deaths -677 -726 -750 Net Migration 97 77 91 End of Period OGLF revenues support programs related to environmental conservation. Appropriations from the fund are made to the Department of Conservation and Natural Resources (DCNR), with priority given to state park and state forest programs and the Marcellus Legacy Fund, which supports other Hits: 7 |
Five_Year_Outlook_2021.pdf400 (11,500 per annum). 2010-20 2020-25 2025-30 Start of Period 12,701 13,003 13,070 Natural Increase 48 -57 -102 Births 1,388 660 666 Deaths -1,339 -718 -768 Net Migration 253 125 122 End Environmental Protection 156 169 179 183 187 192 197 Military & Veterans Affairs 157 161 169 174 177 182 186 Cons. & Natural Resources 135 139 146 149 152 156 159 All Others 2 609 505 522 535 711 559 573 Total 4 Hits: 7 |
Electricity_Update_2024.pdfof New York and Ohio combined. The fuel sources for Pennsylvania’s net generation in 2023 were: 59.0% from natural gas, 5.4% from coal, 31.9% from nuclear and 3.7% from other sources. Ohio was the only other emits approximately 2.5 times the amount of CO 2 per unit (1.1 metric tons per megawatt hour) than natural gas generation (0.4 metric tons). During the time period shown, generation from nuclear decreased modestly while generation from other Hits: 7 |
NGPR_2021_Q3.pdfINDEPENDENT FISCAL OFFICE THIRD QUARTER 2021 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) by natural gas operators to develop statewide tabulations of production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production and well count data pertain only to gas produced from unconventional sources (e.g Hits: 6 |
NGPR-2022-Q1.pdfINDEPENDENT FISCAL OFFICE FIRST QUARTER 2022 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) by natural gas operators to develop statewide tabulations of production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production and well count data pertain only to gas produced from unconventional sources (e.g Hits: 6 |
NGPR-2021-Q1.pdfINDEPENDENT FISCAL OFFICE FIRST QUARTER 2021 This report uses data reported to the Pennsylvania Department of Environmental Protection (DEP) by natural gas operators to develop statewide tabulations of production volume and well counts. These data are presented on a quarterly basis to show recent trends in natural gas activity in the Commonwealth. Production and well count data pertain only to gas produced from unconventional sources (e.g Hits: 6 |
NGPR-2019Q4.pdfTrends For the fourth quarter of 2019, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total natural gas production volume was 1,776.0 billion cubic feet (bcf) (see Table 1). This output represents an increase of in over two years. Calendar year production is up 11.4 per- cent compared to the same period in 2018. Natural Gas Production Report Q4 Table 2: Production Volume by Spud Year (bcf) Fourth Quarter Calendar Year Spud Year 2018 2019 Hits: 6 |
NGPR-2019Q2.pdfTrends For the second quarter of 2019, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total natural gas production volume was 1,668.9 billion cubic feet (bcf) (see Table 1). This represents an increase of 14 of the pri- or year. Calendar year production is up 14.6 percent compared to the same period in 2018. Natural Gas Production Report Q2 Table 2: Production Volume by Spud Year (bcf) Second Quarter Calendar Year Spud Year 2018 2019 Hits: 6 |
NGPR-2018Q4.pdfTrends For the fourth quarter of 2018, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total natural gas production volume was 1,650.7 billion cubic feet (bcf) (see Table 1). Compared to the fourth quarter of production was up 14.2 percent from the prior year, the largest year- over-year increase in production since 2014. Natural Gas Production Report Q4 Table 2: Production Volume by Spud Year (bcf) Fourth Quarter Calendar Year Spud Year 2017 2018 Hits: 6 |
Monthly_Economic_Update_August_2021.pdfloan delinquencies remain relatively low. However, delinquencies may rise in the fall with the expiration of federal stimulus programs. Summer Natural Gas Prices at Highest Level Since 2014 As noted in a recent WSJ article, natural gas production restraint in the Appalachia region and strong demand have combined to push natural gas prices to their highest Hits: 6 |
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 paid by producers, varying by well age and type Fee schedule is determined each year by the average NYMEX natural gas price. Newer wells pay higher fees, payments decline as a well ages. Wells can be exempt from Hits: 5 |
RB_2023_1_Population_Contraction.pdfto July 1, 2022, the state population contracted by 30,680. (See table.) The contraction was mainly driven by a natural or organic decline (-56,150) as the number of deaths (351,130) exceeded the number of births (294,980). International inflows while Illinois, California and New York recorded the largest relative and absolute outflows. Also notable was the difference in natural population gains or losses across states. Relative to state population, Pennsylvania contracted by 0.4% due to natural change, the Hits: 5 |
RB-2016-02.pdf0 $0 Created for the potential development of an ethylene manufacturing facility that would remove ethane and ethane derivatives from natural gas to make industrial products. To qualify, the facility must make a capital in‐ vestment of $1 billion and create 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 fuels, or to convert natural gas to ethane, propane or other substances. Marcellus Legacy Fund expenditures Hits: 5 |
NGPR-2018Q2.pdfTrends For the second quarter of 2018, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total natural gas production volume was 1,455.8 billion cubic feet (bcf) (see Table 1). Compared to the second quarter of was driven by a 10.0 percent gain in production from horizontal wells, which ac- counts for nearly all production. Natural Gas Production Report Q2 Table 2: Production Volume by Spud Year (bcf) Second Quarter Calendar Year-to-Date Spud Year Hits: 5 |
NGPR-2018Q1.pdfTrends For the first quarter of 2018, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total natural gas production volume was 1,441.2 billion cubic feet (bcf) (see table 1). Compared to the first quarter of driven by a 9.9 percent increase in production from horizontal wells, which ac- counts for nearly all of production. Natural Gas Production Report Q1 Table 2: Production Volume by Spud Year (bcf) First Quarter Calendar Year Spud Year 2017 2018 Hits: 5 |
NGPR-2017Q4.pdfQuarterly Trends For the fourth quarter of 2017, recent data from the Department of Environmental Protection (DEP) show that total natural gas production volume was 1,401.8 billion cubic feet (bcf) and the number of producing wells was 8,268 of 2016, total production grew by 9.8 percent, while the number of producing wells increased by 9.2 percent. Natural Gas Production Report Q4 Independent Fiscal Office 3 Fourth Quarter 2017 Tables 3 and 4 decompose fourth quarter and calendar Hits: 5 |
NGPR-2017Q3.pdfQuarterly Trends For the third quarter of 2017, recent data from the Department of Environmental Protection (DEP) show that total natural gas production volume was 1,326.2 billion cubic feet (bcf) and the number of producing wells was 8,073 of 2016, total production grew by 4.8 percent, while the number of producing wells increased by 9.3 percent. Natural Gas Production Report Q3 Independent Fiscal Office 3 Third Quarter 2017 Tables 3 and 4 decompose third quarter and calendar Hits: 5 |
NGPR-2017Q2.pdfQuarterly Trends For the second quarter of 2017, recent data from the Department of Environmental Protection (DEP) show that total natural gas production volume was 1,315.7 billion cubic feet (bcf) and the number of producing wells was 7,853 of 2016, total production grew by 3.8 percent, while the number of producing wells increased by 7.5 percent. Natural Gas Production Report Q2 Independent Fiscal Office 3 Second Quarter 2017 Tables 3 and 4 decompose second quarter and calendar Hits: 5 |
NGPR-2017Q1.pdfQuarterly Trends For the first quarter of 2017, recent data from the Department of Environmental Protection (DEP) show that total natural gas production volume was 1,305.7 billion cubic feet (bcf) and the number of producing wells was 7,678 wells increased by 8.0 percent. Data for the first quarter are equal to the calendar year-to-date totals. Natural Gas Production Report Q1 Independent Fiscal Office 3 First Quarter 2017 Tables 3 and 4 decompose first quarter and calendar Hits: 5 |
Monthly_Economic_Update_July_2020.pdfNYMEX Natural Gas Price at Lowest Level in Decades The average price of natural gas on the New York Mercantile Exchange (NYMEX), upon which the Pennsylvania impact fee is based, settled at $1.50 Hits: 5 |
MER-2014-10.pdf5% 5.2% 5.2% n.a. October 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Snapshot: Natural Gas Prices Tumble, Residential Rates Adjust Downward Natural gas prices are commonly described in relation to the Henry Hub, a trading point in Louisiana that is used as Hits: 5 |
jackson ppt.pdfPA will also return to pre-recession peak employment earlier than US average • PA – 2013Q2 vs. US – 2014Q3 • Marcellus Shale natural gas production has been a big jobs booster. • Natural resources/mining and manufacturing the most obvious sectors. • Many related sectors, especially professional services, also involved. • Hotels, restaurants, retail, short- Hits: 5 |
IFO_Hearing_8-30-2017.pdfUpdate. Provides detail regarding impact fee revenues including the number of wells subject to the fee and their vintage. • Quarterly Natural Gas Production Report. Provides unconventional production volumes and well counts on a quarterly basis. Top producing counties also listed. • Quarterly June 2016) • Impact Fee Update and 2016 Outlook (July 2016) • Revenue Estimate Performance (August 2016) • Quarterly Revenue Estimate (August 2016) • Natural Gas Production Report Quarter 2 (August 2016) • Using Performance Measures in the State Budget (September 2016) • AFSCME Wage Contract Analysis Hits: 5 |
NGPR-2015-1H.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. This report uses those data to develop statewide and county-level tabulations of unconventional formations, which include the Marcellus and Utica formations. A separate document published on the IFO’s website, “Glossary of Natural Gas Terminology,” contains definitions of the terms used throughout this report. Natural Gas Production Report January to June 2015 Table Hits: 4 |
NGPR-2015-09.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. This report uses those data to develop statewide and county-level tabulations of unconventional formations, which include the Marcellus and Utica formations. A separate document published on the IFO’s website, “Glossary of Natural Gas Terminology,” contains definitions of the terms used throughout this report. Natural Gas Production Report January to June 2015 Table Hits: 4 |
NewsStand_2019_August.pdfdeductions de- creased by 65%. The data also show that dividends and interest income increased by 13% and 21%, respectively. Natural Gas Prices Plummet Due to Oversupply A recent WSJ article notes that despite record high demand for natural gas this summer, national and regional prices are at the lowest levels in several years due to continued gains in Hits: 4 |
Monthly_Economic_Update_December_2021.pdfincreases to final consumers. Rows 7 and 8 show the YOY growth in the price of gasoline (Mid-Atlantic) and natural gas at the Henry Hub, which has been notably robust the past year. Rows 9 and 10 display growth for 11.7% 24.7% 7 Gasoline (Mid-Atlantic) Oct $2.60 $2.28 $3.36 -12.3% 47.4% 8 Natural Gas (Henry Hub) Oct $2.24 $2.29 $5.47 2.2% 138.9% 9 S&P 500 Index Oct Hits: 4 |
Electricity_Update_March_2022.pdfelectricity consumption and net exports for Pennsylvania and other regional states. Net generation is broken down into electricity generated from natural gas, coal, nuclear and other sources. Other sources include petroleum, hydroelectric, wind, solar and other renewable sources. Total consumption is price. The residential price in Pennsylvania declined by 0.5% from 2016 to 2021. That trend is due to increasing natural gas production that provided a relatively low-cost input for electricity generators in the state. Moreover, the share of total Hits: 4 |
State_Tax_Comparison_2022_01.pdfgovernments such as education, law enforcement, healthcare, the building and maintenance of public roads and highways, and the management of natural resources. State and local governments utilize different taxes, fees, tolls and assessments to generate the funds necessary to provide those state may rely heavily on sales tax, which may be more volatile than other revenue sources. Alternatively, states rich in natural resources may receive significant severance tax revenue, while many others receive no revenue from that source. The report also ranks Hits: 3 |
State_Tax_Comparison_2020_11.pdfas education, law enforcement, healthcare, the building and maintenance of public roads and highways, and the management of natural resources. State and local governments utilize different taxes, fees, tolls and assessments to generate the funds necessary to provide those services and rely heavily on sales tax, which may be more volatile than other revenue sources. Alternatively, states rich in natural resources may receive significant severance tax revenue, while many others receive no revenue from that source. The report also ranks states based Hits: 3 |
State-Tax-Comparison-2020-01.pdfas education, law enforcement, healthcare, the building and maintenance of public roads and highways, and the management of natural resources. State and local governments utilize different taxes, fees, tolls and assessments to generate the funds necessary to provide those services and rely heavily on sales tax, which may be more volatile than other revenue sources. Alternatively, states rich in natural resources may receive significant severance tax revenue, while many others receive no revenue from that source. The report also ranks states based Hits: 3 |
Revenue-Proposal-Analysis-2020-04.pdfthe rate change. 6 The 11 control states are economically diverse states and are not highly dependent on natural resources or other particular sectors (e.g., high tech). Control states include Pennsylvania, Alabama, Florida, Georgia, Iowa, Indiana, Maryland, Minnesota, Missouri, New economic and demographic variables are generally similar in the border counties, the higher minimum wage offers researchers a “natural experiment” that allows them to isolate the impact of the higher minimum wage. In nearly all cases, these comparisons focus on the Hits: 3 |
RB 2019 County Income Patterns.pdfof certain counties did not experience real income gains at a county-wide level. Eight of those counties were significant natural gas producers, and the material reduction in natural gas royalty payments due to lower prices likely had a significant impact on income growth. For 2015, tax data suggest Hits: 3 |
PICPA_Presentation.pdfSales tax includes taxation of custom programming and certain business storage services. Source: Analysis of Revenue Proposals, IFO, April 2017. Natural Gas Production and Prices June 7, 2017 19 2014 2015 2016 2017 2018 PA Natural Gas Production 4,071 4,597 5,092 5,198 5,437 Growth Rate 31.2% 12.9% 10.8% Hits: 3 |
PBB_Board_Hearing_Jan_09_2023.pdfPBB Overview and Agency Highlights Department of Conservation & Natural Resources (DCNR) Department of Drug and Alcohol Programs (DDAP) Presentation to the Performance-Based Budget Board January 9, 2023 Performance-Based Budgeting (PBB) Year 5 Agencies (final cycle year, schedule must be updated) ▪ Dept. of Conservation & Natural Resources (DCNR) ▪ Dept. of Drug & Alcohol Programs (DDAP) | PA Dept. of Revenue (DOR) ▪ PA Dept. of Insurance (PID) | Executive Offices Hits: 3 |
PBB_2022_AGRICULTURE_REPORT.pdfregula- tory oversight, (3) promotion of and education about Pennsylvania’s agriculture products and sectors and (4) conserving farmland and natural resources for the prosperity of Pennsylvania. Services Provided For this report, services provided by the Department of Agriculture are classified disease 2 Food Assistance........................................... Distributes food to those at risk of hunger 3 Conservation and Preservation..................... Preserves farmland and conserves natural resources 4 Horse Racing Promotion and Regulation...... Promotes and regulates horse racing in Pennsylvania 5 Other Regulatory Services............................ Enforces dog Hits: 3 |
PBB_2020_DOS_REPORT.pdfSalon 2,371 2,265 2,385 2,453 2,261 Cosmetology School 162 155 158 149 160 Natural Hair Braider 17 18 19 25 36 Natural Hair Braiding Salon 8 10 11 12 10 Nail Technician Teacher 8 14 15 16 16 Esthetician Teacher 17 23 23 25 Hits: 3 |
Newsstand_March_2020.pdfyear increase was 41,600 jobs (pre-revision) and grew to 55,500 jobs (post-revision) com- pared to 2018. Natural Gas Production Decelerates Recent data from the Department of Environmental Protection (DEP) show that January natural gas production in the Commonwealth increased by 5.4 percent compared to the prior year. This is the weakest year- Hits: 3 |
Newsstand_2018_November.pdf1%)), lower than others (Virginia (4.2%) and Ohio (3.7%)) and the same as Maryland (3.6%). Regional Hub Natural Gas Prices Spike in November On November 14, a Wall Street Journal article noted that a sudden change in weather forecasts pushed natural gas futures to a four-year high. The article noted that natural gas prices “have climbed more than 50% this Hits: 3 |
Monthly_Economic_Update_October_2021.pdfImpact Fee Likely to Increase by Nearly $75 Million in 2022 The near-month settlement price of natural gas on the New York Mercantile Exchange (NYMEX), upon which Pennsylvania’s Impact Fee is based, is $5.84 per 51%) over the prior year. Because only two months remain to determine the final average price for calendar year 2021, natural gas prices would need to collapse to $0.95 per MMBtu for that scenario to not hold. Given current market Hits: 3 |
Monthly_Economic_Update_July_2023.pdffor this component fell by more than half (see table). Energy (6.9%) Includes gasoline (2.7% weight), electricity and natural gas (3.6%) and other (0.6%) miscellaneous energy goods. In June 2022, All Items inflation peaked (+8.8%) due 55 $3.57 $3.57 CPI-U All Items 4 6.9% 5.8% 4.7% 3.9% 3.1% Natural Gas Price 5 $2.07 $2.08 $1.62 $1.41 $1.33 Number of Home Sales 6 4.0% Hits: 3 |
Monthly_Economic_Update_December_2020.pdfplus amounts for dependents) are also being discussed, which could provide some immediate relief to renters behind on their payments. Natural Gas Price Declines 21%, PA Impact Fee to Fall to Record Low The average price of natural gas on the New York Mercantile Exchange (NYMEX), upon which the Pennsylvania Impact Fee is based, settled at $2.08 Hits: 3 |
Monthly_Economic_Update_August_2023.pdf2022 but declined slightly from the prior month (-0.2%). Energy (6.9%) Includes gasoline (2.7% weight), electricity and natural gas (3.6%) and other (0.6%) miscellaneous energy goods. For July 2023, energy prices (-10.6%) continue to fall 57 $3.57 $3.63 CPI-U All Items 4 5.8% 4.7% 3.9% 3.1% n.a. Natural Gas Price 5 $2.08 $1.62 $1.41 $1.33 $1.47 Number of Home Sales 6 0.0% Hits: 3 |
MER-2015-02.pdfprofessional and business services (+83,400 jobs), educational and health services (+55,200), leisure and hospitality (+50,100), construc‐ tion, natural resources and mining (+24,700) and trans‐ portation, warehousing and utilities (+19,800). These gains are partially offset by job include a disproportionate number of part‐time workers. Conversely, wholesale trade ($73,400), professional and business services ($71,000), construction, natural resources and min‐ ing ($63,100) and transportation, warehousing and utilities ($50,100) are four growing sectors with av‐ erage Hits: 3 |
MER-2013-11.pdfpossibility that Shell Chemical might invest in an ethane cracker in Beaver County. Ethane, a common component of the wet natural gas found in southwest Pennsylva- nia, can be converted into ethylene by an ethane cracker, and is a common feedstock used to pro- duce plastics and resins. Proponents of the new ethane cracker assert that the abundance of cheap natural gas in Pennsylvania creates a comparative advantage for the industry and its downstream markets. Currently, data suggest that the petrochemical Hits: 3 |
EPLC Feb 2020 FINAL.pdfRevenue estimates (how much revenues are available?) Performance based budgeting | Tax credit reviews Special Studies: property tax reform, natural gas, minimum wage February 28, 2020 2 Today’s Presentation: Three Parts State demographics and economy Labor market still Property tax: replace with income and sales tax? Tax burden rankings: how does PA compare to border states? Natural gas: how is the market doing? February 28, 2020 3 PA Population Snapshot February 28, 2020 4 Number (000s) Change Hits: 3 |
Electricity_Update_Sep_2021.pdfelectricity consumption and net exports for Pennsylvania and other regional states. Net generation is broken down into electricity generated from natural gas, coal, nuclear and other sources. Other sources include hydroelectric, wind, solar and other renewable sources. Total consumption is the price. The residential price in Pennsylvania declined by 4.6% from 2016 to 2021. That trend is due to increasing natural gas production that provided a relatively low-cost input for electricity generators in the state. Moreover, the share of total Hits: 3 |
2013-09 Monthly Economic Summary-FINAL.pdfthe following sectors: professional & business services (+67,000 jobs), educational & health services (+62,400), lei- sure & hospitability (+33,200), construction, natural resources & mining (+15,400), transportation, warehousing & utilities (+14,700), other services (+8,700) and retail trade (+7,700). These gains gained employment since 2009 and have average annual wages above $50,000 include professional & business services ($69,300) and construction, natural resources, & utilities ($59,700). Equally important is the focus on industries that have been declining. With the exception of the Hits: 3 |
2006_surviving_spouse_healthcare_study.pdfTHAT ALSO PARTICIPATE IN THE REHP Aging Agriculture Attorney General Auditor General Banking Civil Service Commission Community & Economic Development Conservation & Natural Resources Corrections Education Environmental Hearing Board Environmental Protection Executive Offices Fish and Boat Commission Game Commission General Services Governor's Offices Governor's Office Aging Agriculture Attorney General Auditor General Banking Civil Service Commission Community and Economic Development Conservation and Natural Resources Corrections Education Environmental Hearing Board Environmental Protection Ethics Commission Fish and Boat Commission Game Commission General Services Health Historical Hits: 3 |
Sen_Maj_Pol_Comm_Brain_Drain_Workshop_04_30_2019.pdfRachel Carson State Office Building 400 Market Street Harrisburg, PA 17105 1 Year Population Estimate Population Change 1 Births Deaths Natural Increase Net International Migration Net Domestic Migration Net Migration 2000 12,284,173 20,368 145,351 129,761 15 35,377 -20,463 14,914 Pennsylvania Population Components of Change (2000 - 2018) 1 Population change equals births minus deaths (natural increase) plus net migration plus a small residual (not shown). Sources: U.S. Bureau of the Census, Population Estimates, Components Hits: 2 |
Revenue-Proposal-Analysis-2019-03.pdfother fundamental changes to the tax system (Michigan) or a collapse of the tax base moti- vated by natural resource firms (West Virginia). Tax and Revenue Proposals | Page 5 The analysis uses a relatively simple test for this purpose. The test such as a rate reduction (except Maryland). They are also economically diversified states and are not dependent on natural resources or particular sectors (e.g., high tech). Control states include Pennsylvania, Florida, Georgia, Maryland, New Jersey (prior to imple- mentation of Hits: 2 |
Revenue-Estimate-2019-05.pdffrom strong growth in the final three quarters of 2018. Preliminary data suggest that the pace of natural gas production decelerated in 2019 Q1, but maintained recent strength. Lottery instant ticket sales can serve as a leading or contemporaneous a. PA Taxable Retail Sales 3.0% 5.1% 5.4% 4.7% 3.2% n.a. PA Natural Gas Production 10.1% 10.1% 18.6% 17.8% 14.0% n.a. PA Instant Ticket Sales 4.8% 6.7% Hits: 2 |
RB-2017-5.pdfcannot control for certain state-specific attributes or demographic characteristics. For example, states with significant tourism (e.g., Hawaii) or natural resource industries (e.g., Colorado) or states with a relatively large number of retirees (e.g., Pennsylvania) are likely to structures will also 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 Hits: 2 |
Presentation_Phil_Chamber_2-12-2015.pdfat request of Gen. Assembly): • HB 1776 and SB 76 – Property Tax Reform. • Medicaid Expansion. • Film Tax Credits. • Taxation of Natural Gas in Pennsylvania. • Consolidation of York County School Districts. Other Products and Releases 12.Feb.2015 4 Revenues and Deficits unanticipated factors. • Biggest revenue months are still ahead (March and April). Low Energy Prices a Large, Positive Windfall. • Gasoline and Natural Gas. Will they remain low? • Will wage growth hold up with low inflation? Permanent Changes Required to Balance Budget. • Will Hits: 2 |
PBB_2023_EO_REPORT.pdf52.7% Human Services 747 10.2 Infrastructure 599 8.2 Housing 425 5.8 Executive Offices 417 5.7 Natural Resources 320 4.4 Public Health 290 4.0 Public Safety 260 3.6 Education 175 2.4 UC Trust 9 4.0 280 13 4.6 4 Banking & Securities 188 9 4.6 168 6 3.8 -2 Cons. & Natural Resources 1,226 5 0.4 1,262 6 0.5 1 Agriculture 540 5 0.9 549 5 0 Hits: 2 |
PBB_2022_PHMC_REPORT.pdfMuseum | Page 13 Activity 3: The State Museum The State Museum researches, collects and preserves artifacts that demonstrate Pennsylvania’s natural and cultural heritage. The museum contains over 160,000 square feet of exhibition space and includes an online platform for and documents pre- served by The State Museum. The Curatorial Division cares for 500,000 historical artifacts and 100,000 natural history specimens, as well as roughly nine million archaeological artifacts. Museum staff also work in conjunction with the Governor’s Hits: 2 |
PBB_2022_PDE_REPORT_Amended.pdfPostsecondary CTE Note: U.S. Department of Education defines STEM related as including the following career clusters: Agriculture, Food and Natural Resources, Health Science, Information Technology and STEM. Source: U.S. Department of Education, Perkins Data Explorer, CTE Concentrator Enrollment Data 40% 50% 60% 70% 80% 90% 100% 2018-19 2008-09 55% 60% 2018-19 2008-09 Ag., Food and Natural Resources Health Science Information Technology Science, Technology, Engineering and Math All Other STEM related - 24% STEM related - 29% STEM related Hits: 2 |
PBB_2021_PennDOT_REPORT_ADDENDUM.pdfWildlife Service, and Pennsylvania’s Department of Environmental Protection, Fish and Boat Commission, Game Commission, Department of Con- servation and Natural Resources and Historical and Museum Commission. The permit metrics report the share of permits that are issued to PennDOT within child support, (4) manage registration and titling for all-terrain vehicles and snow mobiles for the Department of Conservation and Natural Resources and (5) provide eligible customers the opportunity to apply for voter registration. The primary goal of this activity is Hits: 2 |
PBB_2021_DMVA_REPORT_ADDENDUM.pdfobjectives and, at the command of the Governor, provide trained personnel to support state and local authorities in times of natural disaster or civil strife. In 2020, over 1,500 Pennsylvania National Guard members supported COVID-19 pandemic response operations with 13% 9% -- % Facilities audited by the Environmental Performance Assessment System 2,3 -- 32% 42% 44% 45% -- Notes: 6 Includes electric, natural gas, oil, steam, propane and solar. 5.To ensure that all usable real property assets are correctly recorded on the Hits: 2 |
PBB_2020_PEMA_REPORT.pdfManagement Agency (PEMA) helps communities and citizens mitigate against, prepare for, respond to, and recover from emergencies including natural disasters, acts of terrorism, or other human-made disasters. PEMA supports county emergency management agencies by coordinating and engaging the whole community the plan calls for the protection of life and property both prior to and in the event of natural and other disasters. The agency, through the Office of the State Fire Commissioner (OSFC), provides loans to volunteer fire, ambulance and rescue Hits: 2 |
Official-Revenue-Estimate-2019-06.pdfrelative to the first quarter. Data from the Department of Environmental Protection show that the pace of natural gas produc- tion decelerated in 2019 Q1 but maintained recent strength. Lottery instant ticket sales can serve as a leading or a. PA Taxable Retail Sales 3.0% 5.0% 5.4% 4.7% 3.2% 5.6% PA Natural Gas Production 10.1% 10.1% 18.6% 17.8% 14.7% n.a. PA Instant Ticket Sales 4.8% 6.7% Hits: 2 |
NewsStand_2019_December.pdfover other devel- oped nations, higher fertility and immigration rates, that are now both falling in line with international peers. Natural Gas The average price of natural gas on the New York Mercantile Exchange (NYMEX), upon which the Pennsylvania Impact Fee is based, settled at $2.63 Hits: 2 |
MTR-2015-10.pdfnear the national inflation rate, which declined 0.4% over the same period. Gasoline prices fell sharply, declining 27.7%. Natural gas prices also fell, declining 14.0%. Overall, energy costs in Pennsylvania declined 17.2%. Excluding energy costs, the CPI-W increased 1.7% in the third quarter of 2015. The impact of low gasoline and natural gas prices will also be reflected in COLAs for 2017. The Social Security Administration does not reduce benefit payments when Hits: 2 |
Monthly_Economic_Update_Oct_2023.pdf63 $3.84 $3.80 CPI-U All Items 4 3.9% 3.1% 3.5% 3.9% n.a. Natural Gas Price 5 $1.41 $1.33 $1.47 $1.16 $1.31 Number of Home Sales 6 -14.0% Source: The Conference Board. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Natural Gas Intelligence. 6. U.S. is the seasonally adjusted rate. Source: Redfin. 9. The quarterly, annualized real growth rate of Hits: 2 |
Monthly_Economic_Update_Nov_2023.pdf84 $3.80 $3.64 CPI-U All Items 4 3.1% 3.5% 3.9% 3.7% 3.5% Natural Gas Price 5 $1.33 $1.47 $1.16 $1.31 $1.24 Number of Home Sales 6 -16.4% Source: The Conference Board. 5. Price is weighted average from major Pennsylvania gas hubs. Unit is dollars per MMBtu. Source: Natural Gas Intelligence. 6. U.S. is the seasonally adjusted rate. Source: Redfin. 9. The quarterly, annualized real growth rate of Hits: 2 |
Monthly_Economic_Update_July_2021_Final.pdfstrong gains in the housing market. Impact Fee Revenues Could Increase Significantly in 2022 As noted in a WSJ article, natural gas prices have risen to levels not recorded in over two years as the economy reopens and temperatures run above 86 $3.01 $3.08 CPI-U All Items 4 1.0% 2.2% 3.5% 4.2% 4.9% Natural Gas Price 5 $3.29 $2.03 $1.95 $2.03 $2.06 Number of Home Sales 6 -11.5% Hits: 2 |
Demographics_Outlook_2021.pdfforecast assumes a long-term migration pattern based on the differ- ential between the 2010 and 2020 Decennial Census less natural growth. A 2020 net domestic migration rate by age and 2020 net international migration rate by age are calculated and 19-Impact-on-Pennsylvania-Deaths/. 2010-20 2020-25 2025-30 Start of Period 12,701 13,003 13,070 Natural Increase 48 -57 -102 Births 1,388 660 666 Deaths -1,339 -718 -768 Net Migration 253 125 122 Age Hits: 2 |
Demographics_Outlook_2020.pdf15 2015-20 2020-25 2025-30 Start of Period 12,711 12,785 12,802 12,768 Natural Increase 65 4 -50 -120 Births 706 679 644 618 Deaths -641 -675 -694 -738 Net Migration 9 13 16 20 Age Monroe, Pike, Schuylkill and Wayne) grew by 0.5 percent per annum, likely due to rapid increases in natural gas production in that part of the state. However, from 2010 to 2019, that growth appears to have peaked as population declined Hits: 2 |
CNIT-Rate-Cut-2018-04.pdfnotable was the significant decline in remittances by the mining sector, due to the lower profitability from the collapse of natural gas prices. Table 3: Corporate Net Income Tax Cash Payments by Industry 2014-15 2015-16 2016-17 Share Agriculture states that do not levy a corporate net income tax are not included, nor are certain states heavily dependent on natural resource production and smaller state economies that may not be readily comparable to larger states. Michigan is also excluded due Hits: 2 |
Budget_Hearing_Background-Feb2014.pdfEmployment – Total Job Gains / Losses Since the U.S. Peak Pennsylvania (thousands of jobs) 2008 Q1 2013 Q4 change percent Natural Resource-Mining 21 35 14 65.2% Construction 259 227 -32 -12.2% Manufacturing 654 566 -88 -13.4% Transportation- 8% Total 5,818 5,769 -50 -0.9% United States (thousands of jobs) 2008 Q1 2013 Q4 change percent Natural Resource-Mining 750 885 135 18.0% Construction 7,445 5,849 -1,596 -21.4% Manufacturing 13,694 12 Hits: 2 |
About IFObudgeting projects and 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 tax credit reports; and reporting on the state and local tax burden. Other responsibilities include working on projects related to natural gas and property taxes and projecting several department expenditures. Joseph Shockey Fiscal Analyst II Mr. Shockey joined the IFO in Hits: 2 |
TC_Board_Hearing_Jan_10_2023.pdf3 #2 PA Resource Manufacturing Credit = $2.10 per barrel of ethane used to manufacture ethylene ▪ Ethane = a component of natural gas ▪ Large petrochemical facilities “steam crack” ethane to produce ethylene ▪ Ethylene = primary raw material used in polyethylene ▪ Polyethylene is most Hits: 1 |
TC_2021_Keystone_Special_Development_Zones_Update.pdfand Analysis of Impacts,” Redevelopment Economics (September 2015). “Hidden Treasures Rural Roots Missouri Brownfields Voluntary Cleanup Program,” Missouri Department of Natural Resources (May 2011). “Hidden Treasures: Value in Brownfields,” Gilstrap, Jim, Federal Reserve Bank of St. Louis (Spring 2007). “Keystone Special Hits: 1 |
SUT Exemption for Aircraft - January 2013.pdfParts NAICS 326211 – Tire Manufacturing (except Retreading) – Comprises establishments primarily engaged in manufacturing tires and inner tubes from natural and synthetic rubber. NAICS 332312 – Fabricated Structural Metal Manufacturing – Comprises establishments primarily engaged in fabricating structural metal products, such as assemblies of Hits: 1 |
Summary_Tax_Credit_Reviews_Oct_2023.pdfremediated so that refuse must now be transported over longer distances. Higher transport costs, excess capacity and robust growth of natural gas production have contributed to facility closures. ▪ For 2018 and 2019, nearly all tax credits were sold for an average Hits: 1 |
State_Tax_Comparison_2024_02.pdfunweighted average ($754). Because severance taxes are included with all other taxes and can be significant, Pennsylvania ranked lower than natural resource exporters such as North Dakota (1 st ), Alaska (2 nd ), Wyoming (3 rd ) and West Virginia (6 th ). As Hits: 1 |
State_Tax_Comparison_2023_02.pdfaverage (0.94%). Because severance taxes are included with all other taxes and can be significant, Pennsylvania ranked lower than natural resource exporters such as North Dakota (1 st ), Alaska (4 th ), West Virginia (5 th ) and Wyoming (9 th ). As Hits: 1 |
SR2017-03.pdf0.97 percent). Because severance taxes are included with all other taxes and can be significant, Pennsylvania ranked lower than natural resource exporters such as North Dakota, Wyoming and West Virginia. As noted, this analysis does not control for the export Hits: 1 |
Special-Funds-Response-Letter-03-08-2019.pdfEquipment Loan 48,600 Minority Business Development 2,590 Municipalities Financial Recovery 7,806 Small Business First 34,456 Conservation & Natural Resources Keystone Recreation, Park & Cons. 250,921 Corrections - Criminal Justice Manufacturing Fund 104,616 Drug and Alcohol Substance Abuse Education Hits: 1 |
Roundtable_Jan_2024_Final.pdf6 Jan 2024 Roundtable Cumulative Growth in Philly CPI-U • Energy deflation since June 2022 • Gasoline, recently utility bills down (natural gas) • Durable goods deflation in December • Used cars down -12% since June 2022 Slide 7 Jan 2024 Roundtable 0.90 Hits: 1 |
Revenue_Proposal_Analysis_2022_04.pdfwage. Because economic and demographic conditions are generally similar in the border counties, the higher minimum wage offers researchers a “natural experiment” that allows them to isolate the impact of the higher minimum wage. In nearly all cases, these comparisons focus Hits: 1 |
Revenue_Proposal_Analysis_2021_04.pdfbase expansion for most states. 4 The 11 control states are economically diversified states that are not highly dependent on natural resources or any other particular sectors (e.g., high tech). Control states include Pennsylvania, Alabama, Florida, Georgia, Iowa, Indiana, Maryland Hits: 1 |
RB_2023_08_Wage_Contract.pdfincorporate a turnover factor to reflect budget savings from the application of salary adjustments to lower salaries due to the natural replacement of older and higher-paid workers that retire with new hires that have lower salaries. The turnover factor typically Hits: 1 |
RB-2015-02-annual_vs_lifetime_ETR.pdfRate – The rate of tax specified in the statute that authorizes or levies the tax. For severance taxes imposed on natural gas, the statutory tax rate is applied to one (or both) of the following tax bases: Value. The rate Hits: 1 |
RB-10-2020-Economic_Development_Incentives.pdfcapped at $26.7 million in annual awards) is intended to encourage investment in Pennsylvania manufacturing facilities that use dry natural gas in the production of petrochemicals and fertilizers. The program becomes effective January 1, 2024. As part of the Hits: 1 |
PSBA_January_19_2022.pdffurther consideration ▪ Property tax: forecasts and analysis depending on requests/data available ▪ Performance Based Budgets (PBB) and Tax Credit reviews ▪ Natural Gas: quarterly production reports, annual impact fee collections January 19, 2022 1 Latest Pennsylvania Demographic Forecast January 19, 2022 2 Hits: 1 |
Presentation_PICPA_12-3-2014.pdf170k | +22% All Other +7k | +0% Source: U.S. Bureau of Labor Statistics. 2014 Q4 projection by Independent Fiscal Office. Natural Resources +20k | +111% 2003 = 1 14 Expansion for Healthcare and Professional Service Sectors. • Healthy PA to add 600,000 new Hits: 1 |
Presentation_PBC_6-12-14_data.xlsx801 5,802 5,618 5,623 5,687 5,727 5,744 0.6% 0.2% -0.2% Construction, Natural Resources, and Mining 218 223 221 224 234 242 255 267 270 268 264 269 275 282 283 276 247 Hits: 1 |
Presentation_Lancaster_Chamber_2017-07-14.pdf14/2017 13 2012 2013 2014 2015 2016 Total Change 27,561 9,484 9,227 1,339 -7,677 Natural Increase 16,606 11,070 15,624 10,746 7,844 Domestic Migration -17,463 -31,138 -35,353 -45 Hits: 1 |
Presentation-2019-5-1-PAEL.pdf Labor market fully competitive: minimum wage = higher prices. Newer Research: Moderate increases have little/no effect. Hundreds of "natural" state experiments. Median increase ~+10%. Labor market not fully competitive: minimum wage = (1) higher prices, (2) lower profits, (3 Hits: 1 |
Presentation-2019-3-1-EPLC.pdfand interim collections and Act 1 allocations, excludes delinquent collections. FY 2017-18 property taxes are estimated by the IFO. Natural Gas Statistics March 1, 2019 25 2014 2015 2016 2017 2018 2019 Production (bcf) 4,069 4,596 5,094 Hits: 1 |
Presentation-2018-06-PICPA.pdfU.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages. 2017 is preliminary. June.12.2018 7 PA Natural Gas Statistics 2014 2015 2016 2017 2018 Production (bcf) 4,053 4,582 5,082 5,354 5,888 Growth Hits: 1 |
Presentation-2018-06-Philly-Pitt-Chambers.pdfincludes the Management and Administrative-Waste Management sectors. Source: U.S. Bureau of Labor Statistics. June.04.2018 6 PA Natural Gas Statistics 2014 2015 2016 2017 2018 Production (bcf) 4,053 4,582 5,082 5,354 5,888 Growth Hits: 1 |
Presentation-2018-06-PASBO.pdfincludes the Management and Administrative-Waste Management sectors. Source: U.S. Bureau of Labor Statistics. June.05.2018 5 PA Natural Gas Statistics 2014 2015 2016 2017 2018 Production (bcf) 4,053 4,582 5,082 5,354 5,888 Growth Hits: 1 |
Pennsylvania_Aging_Presentation.pdf24, 2017 8 2012 2013 2014 2015 2016 Total Change 27,561 9,484 9,227 1,339 -7,677 Natural Increase 16,606 11,070 15,624 10,746 7,844 Domestic Migration -17,463 -31,138 -35,353 -45 Hits: 1 |
PBB_TaxCredits_Schedule_2022_Update.pdfMuseum Commission Agriculture Labor and Industry 5 Drug and Alcohol Programs Insurance Revenue Executive Offices Environmental Hearing Board Conservation and Natural Resources Year Tax Credits 1 Film Production New Jobs Historic Preservation Incentive 2 Research and Development Keystone Innovation Zones Mobile Hits: 1 |
PBB_2020_DCED_REPORT.pdfGEDTF) 9 9 9 9 9 6 Outcome # Citizens impacted by sewage facility grants Public transit ridership increases Natural space acreage improved Local Infrastructure -- Recommended Performance Measure -- -- Recommended Performance Measure -- -- Recommended Performance Measure -- 14-15 15-16 16-17 17-18 Hits: 1 |
Official_Revenue_Estimate_Methodology_2023_06.pdfCopyrights: The model assumes that the overall growth in royalty payments tracks with the projected growth in market value of natural gas production. The yearly growth rates of the residual income (i.e., rents, patents and copyrights) is extrapolated based on Hits: 1 |
Official_Revenue_Estimate_Methodology_2022.pdfRoyalties, Patents and Copyrights: The model assumes that the overall growth in royalty payments tracks with the projected growth in natural gas prices. The yearly growth rates of the residual income (i.e., rents, patents and copyrights) is extrapolated based on Hits: 1 |
Official_Revenue_Estimate_Methodology_2021.pdfRoyalties, Patents and Copyrights: The model assumes that the overall growth in royalty payments tracks with the projected growth in natural gas prices. The yearly growth rates of the residual income (i.e., rents, patents and copyrights) is extrapolated based on Hits: 1 |
Official-Revenue-Estimate-Methodology-2020-6.pdfand Copyrights: The model assumes that the overall growth in royalty payments tracks with the projected growth in natural gas prices. The yearly growth rates of the residual income (i.e., rents, patents and copyrights) is extrapolated based on the current Hits: 1 |
Official-Revenue-Estimate-Methodology-2019-06.pdfand Copyrights: The model assumes that the overall growth in royalty payments tracks with the projected growth in natural gas prices. The yearly growth rates of the residual income (i.e. rents, patents and copyrights) is extrapolated based on the current Hits: 1 |
Official-Revenue-Estimate-2018-06.pdfthe projected net job gains. The construction and transportation sectors also record solid gains. The re- covery of natural gas prices coincides with modest net job gains for the mining sector, while the manufacturing sector also recovers after a significant contraction Hits: 1 |
NFIB_Feb_2024.pdfin Philly CPI-U • Recent deflation not likely to be sustained • Energy deflation since June 2022 • Gasoline, utility bills down (natural gas) • Durable goods deflation in December • Used cars down -12% since June 2022 • Medical care down -2% since Feb 2023 Hits: 1 |
NewsStand_2019_July.pdfworking paper that explored the link between student debt, other forms of credit utilization and labor market outcomes. Using a natural experiment created by recent collections lawsuits, the study followed two cohorts and found that debt cancellation for borrowers in default Hits: 1 |
Newsstand_2018_December.pdfHigher Fee Schedule for CY 2018 Final futures data for CY 2018 reveal that the average price for Henry Hub natural gas on the NYMEX exceeded $3.00 per MMBtu. Due to very strong price gains in November and December, the Hits: 1 |
MTR-2016-08.pdfand were 4.2% higher in the first half of 2016 than the same period in 2015. Declining prices of natural gas and coal, which generated 43.7% of PA electricity in the first half of 2016, may be a factor Hits: 1 |
MTR-2016-03.pdfsector to contract was the mining sector (-6.7%), largely due to a reduction in employment from a decline in natural gas drilling activity. Healthcare-social services was the largest sector (13.8% of total), and gross earnings increased by 3 Hits: 1 |
MTR-2016-01.pdf72.4% increase) since 2007. A recent contraction in the coal mining subsector was more than offset by gains in natural gas extraction. The mining sector now comprises 0.6% of total payroll employment. In absolute terms, the healthcare sector (includes Hits: 1 |
Monthly_Economic_Update_Table_December_2020.pdf28 $2.26 $2.32 CPI-U All Items 4 0.4% 0.6% 0.8% n.a. n.a. Natural Gas Price 5 $1.22 $1.17 $1.07 $0.98 $2.37 Home Sales 6 13.8% 16.2% Hits: 1 |
Monthly_Economic_Update_September_2022.pdf92 $4.62 $4.17 CPI-U All Items 4 8.4% 8.6% 8.8% 8.4% 8.1% Natural Gas Price 5 $5.95 $7.20 $6.81 $6.29 $7.61 Number of Home Sales 6 1.5% Hits: 1 |
Monthly_Economic_Update_September_2021_Indicators.pdf08 $3.15 $3.18 CPI-U All Items 4 3.5% 4.2% 4.9% 4.7% 4.6% Natural Gas Price 5 $1.95 $2.03 $2.23 $2.87 $3.51 Number of Home Sales 6 -3.9% Hits: 1 |
Monthly_Economic_Update_September_2021.pdf08 $3.15 $3.18 CPI-U All Items 4 3.5% 4.2% 4.9% 4.7% 4.6% Natural Gas Price 5 $1.95 $2.03 $2.23 $2.87 $3.51 Number of Home Sales 6 -3.9% Hits: 1 |
Monthly_Economic_Update_September_2020.pdf25 $2.25 $2.29 CPI-U All Items 4 0.0% 0.1% 0.3% 0.4% n.a. Natural Gas Price 5 $1.31 $1.34 $1.31 $1.25 $1.07 Home Sales 6 -13.0% 4.3% Hits: 1 |
Monthly_Economic_Update_October_2022.pdf62 $4.17 $3.71 CPI-U All Items 4 8.6% 8.8% 8.4% 8.1% n.a. Natural Gas Price 5 $7.20 $6.81 $6.29 $7.86 $7.30 Number of Home Sales 6 0.0% Hits: 1 |
Monthly_Economic_Update_October_2021_Indicators.pdf15 $3.18 $3.23 CPI-U All Items 4 4.2% 4.9% 4.7% 4.6% n.a. Natural Gas Price 5 $2.03 $2.23 $2.87 $3.57 $4.18 Number of Home Sales 6 -1.4% Hits: 1 |
Monthly_Economic_Update_October_2020.pdf25 $2.28 $2.28 CPI-U All Items 4 0.1% 0.3% 0.4% n.a. n.a. Natural Gas Price 5 $1.34 $1.32 $1.22 $1.19 $0.45 Home Sales 6 4.3% 32.7% Hits: 1 |
Monthly_Economic_Update_November_2022.pdf17 $3.71 $3.70 CPI-U All Items 4 8.8% 8.4% 8.1% 7.9% 7.8% Natural Gas Price 5 $6.81 $6.29 $7.86 $6.52 $4.80 Number of Home Sales 6 0.0% Hits: 1 |
Monthly_Economic_Update_November_2021.pdf18 $3.23 $3.36 CPI-U All Items 4 4.9% 4.7% 4.6% 5.1% 5.6% Natural Gas Price 5 $2.23 $2.87 $3.57 $4.17 $4.37 Number of Home Sales 6 2.8% Hits: 1 |
Monthly_Economic_Update_November_2020_Final.pdf28 $2.28 $2.24 CPI-U All Items 4 0.3% 0.4% 0.6% 0.8% n.a. Natural Gas Price 5 $1.32 $1.22 $1.17 $0.94 $1.93 Home Sales 6 32.7% 13.8% Hits: 1 |
Monthly_Economic_Update_May_2023.pdf46 $3.41 $3.55 CPI-U All Items 4 6.4% 6.7% 6.9% 5.8% 4.7% Natural Gas Price 5 $4.74 $2.58 $2.02 $2.09 $1.65 Number of Home Sales 6 -3.7% Hits: 1 |
Monthly_Economic_Update_May_2022.pdf63 $4.26 $4.11 CPI-U All Items 4 6.6% 7.0% 7.3% 7.9% 8.4% Natural Gas Price 5 $2.95 $3.83 $4.26 $4.22 $5.85 Number of Home Sales 6 -1.4% Hits: 1 |
Monthly_Economic_Update_May_2021.pdf63 $2.87 $2.86 CPI-U All Items 4 1.1% 1.0% 1.0% 2.2% 3.5% Natural Gas Price 5 $2.01 $2.27 $3.29 $2.03 $1.87 Number of Home Sales 6 3.5% Hits: 1 |
Monthly_Economic_Update_May_2020.pdf35 $2.06 $2.00 CPI-U All Items 4 2.5% 2.6% 1.2% -0.1% n.a. Natural Gas Price 5 $1.65 $1.60 $1.37 $1.42 $1.35 Home Sales 6 10.5% 9.7% Hits: 1 |
Monthly_Economic_Update_March_2023.pdf47 $3.47 $3.46 CPI-U All Items 4 7.8% 7.1% 6.4% 6.7% 6.9% Natural Gas Price 5 $4.56 $4.04 $4.74 $2.58 $2.01 Number of Home Sales 6 -5.0% Hits: 1 |
Monthly_Economic_Update_March_2022.pdf44 $3.42 $3.63 CPI-U All Items 4 5.6% 6.1% 6.6% 7.0% 7.3% Natural Gas Price 5 $4.47 $4.50 $2.95 $3.83 $4.24 Number of Home Sales 6 -1.3% Hits: 1 |
Monthly_Economic_Update_March_2021.pdf34 $2.47 $2.63 CPI-U All Items 4 0.8% 0.9% 1.1% 1.0% 1.0% Natural Gas Price 5 $1.07 $1.09 $2.01 $2.27 $3.18 Home Sales 6 3.6% -1.1% Hits: 1 |
Monthly_Economic_Update_June_2023.pdf41 $3.55 $3.57 CPI-U All Items 4 6.7% 6.9% 5.8% 4.7% n.a. Natural Gas Price 5 $2.58 $2.02 $2.09 $1.61 $1.45 Number of Home Sales 6 -3.8% Hits: 1 |
Monthly_Economic_Update_June_2022.pdf26 $4.11 $4.59 CPI-U All Items 4 7.0% 7.3% 7.9% 8.4% n.a. Natural Gas Price 5 $3.83 $4.26 $4.22 $5.88 $7.07 Number of Home Sales 6 6.8% Hits: 1 |
Monthly_Economic_Update_June_2021_Indicators.pdf87 $2.86 $3.01 CPI-U All Items 4 1.0% 1.0% 2.2% 3.5% n.a. Natural Gas Price 5 $2.27 $3.29 $2.03 $1.95 $1.97 Number of Home Sales 6 -2.2% Hits: 1 |
Monthly_Economic_Update_June_2021.pdf87 $2.86 $3.01 CPI-U All Items 4 1.0% 1.0% 2.2% 3.5% n.a. Natural Gas Price 5 $2.27 $3.29 $2.03 $1.95 $1.97 Number of Home Sales 6 -2.2% Hits: 1 |
Monthly_Economic_Update_June_2020.pdf06 $2.03 $2.13 CPI-U All Items 4 2.6% 1.2% -0.1% n.a. n.a. Natural Gas Price 5 $1.60 $1.37 $1.43 $1.31 $1.40 Home Sales 6 9.7% n.a Hits: 1 |
Monthly_Economic_Update_July_2022.pdf11 $4.59 $4.92 CPI-U All Items 4 7.3% 7.9% 8.4% 8.6% 8.8% Natural Gas Price 5 $4.26 $4.22 $5.95 $7.20 $6.81 Number of Home Sales 6 -11.5% Hits: 1 |
Monthly_Economic_Update_July_2021_Indicators.pdf86 $3.01 $3.08 CPI-U All Items 4 1.0% 2.2% 3.5% 4.2% 4.9% Natural Gas Price 5 $3.29 $2.03 $1.95 $2.03 $2.06 Number of Home Sales 6 -11.5% Hits: 1 |
Monthly_Economic_Update_January_2023.pdf70 $3.85 $3.47 CPI-U All Items 4 8.1% 7.9% 7.8% 7.1% 6.4% Natural Gas Price 5 $7.86 $6.52 $4.56 $4.04 $4.98 Number of Home Sales 6 0.0% Hits: 1 |
Monthly_Economic_Update_January_2022.pdf36 $3.49 $3.44 CPI-U All Items 4 4.6% 5.1% 5.6% 6.1% 6.6% Natural Gas Price 5 $3.57 $4.17 $4.47 $4.50 $3.12 Number of Home Sales 6 -1.4% Hits: 1 |
Monthly_Economic_Update_January_2021_Indicators.pdf26 $2.34 $2.45 CPI-U All Items 4 0.6% 0.8% 0.9% 1.1% n.a. Natural Gas Price 5 $1.17 $1.07 $1.09 $1.98 $2.32 Home Sales 6 16.2% 4.7% Hits: 1 |
Monthly_Economic_Update_January_2021.pdf26 $2.34 $2.45 CPI-U All Items 4 0.6% 0.8% 0.9% 1.1% n.a. Natural Gas Price 5 $1.17 $1.07 $1.09 $1.98 $2.32 Home Sales 6 16.2% 4.7% Hits: 1 |
Monthly_Economic_Update_Indicators_February_2022.pdf49 $3.44 $3.42 CPI-U All Items 4 5.1% 5.6% 6.1% 6.6% n.a. Natural Gas Price 5 $4.17 $4.47 $4.50 $2.95 $3.59 Number of Home Sales 6 5.5% Hits: 1 |
Monthly_Economic_Update_February_2022.pdf49 $3.44 $3.42 CPI-U All Items 4 5.1% 5.6% 6.1% 6.6% n.a. Natural Gas Price 5 $4.17 $4.47 $4.50 $2.95 $3.59 Number of Home Sales 6 5.5% Hits: 1 |
Monthly_Economic_Update_February_2021_Indicators.pdf26 $2.34 $2.47 CPI-U All Items 4 0.6% 0.8% 0.9% 1.1% n.a. Natural Gas Price 5 $1.17 $1.07 $1.09 $2.01 $2.30 Home Sales 6 16.2% 4.7% Hits: 1 |
Monthly_Economic_Update_February_2021.pdf26 $2.34 $2.47 CPI-U All Items 4 0.6% 0.8% 0.9% 1.1% n.a. Natural Gas Price 5 $1.17 $1.07 $1.09 $2.01 $2.30 Home Sales 6 16.2% 4.7% Hits: 1 |
Monthly_Economic_Update_December_2022.pdf71 $3.70 $3.85 CPI-U All Items 4 8.4% 8.1% 7.9% 7.8% n.a. Natural Gas Price 5 $6.29 $7.86 $6.52 $4.56 $3.43 Number of Home Sales 6 -7.5% Hits: 1 |
Monthly_Economic_Update_August_2022.pdf59 $4.92 $4.62 CPI-U All Items 4 7.9% 8.4% 8.6% 8.8% n.a. Natural Gas Price 5 $4.22 $5.95 $7.20 $6.81 $5.63 Number of Home Sales 6 -4.3% Hits: 1 |
Monthly_Economic_Update_August_2020.pdf16 $2.25 $2.24 CPI-U All Items 4 -0.1% 0.0% 0.1% n.a. n.a. Natural Gas Price 5 $1.43 $1.31 $1.34 $1.32 $1.26 Home Sales 6 -16.9% -13.0% Hits: 1 |
Monthly_Economic_Update_April_4_2023.pdf47 $3.46 $3.41 CPI-U All Items 4 7.1% 6.4% 6.7% 6.9% n.a. Natural Gas Price 5 $4.04 $4.74 $2.58 $2.02 $2.14 Number of Home Sales 6 -5.3% Hits: 1 |
Monthly_Economic_Update_April_25_2023.pdf47 $3.46 $3.41 CPI-U All Items 4 7.1% 6.4% 6.7% 6.9% n.a. Natural Gas Price 5 $4.04 $4.74 $2.58 $2.02 $2.14 Number of Home Sales 6 -5.3% Hits: 1 |
Monthly_Economic_Update_April_2022.pdf42 $3.63 $4.26 CPI-U All Items 4 6.1% 6.6% 7.0% 7.3% n.a. Natural Gas Price 5 $4.50 $2.95 $3.83 $4.26 $4.01 Number of Home Sales 6 0.0% Hits: 1 |
Monthly_Economic_Update_April_2021_Indicators.pdf47 $2.63 $2.87 CPI-U All Items 4 0.9% 1.1% 1.0% 1.0% n.a. Natural Gas Price 5 $1.09 $2.01 $2.27 $3.29 $2.15 Home Sales 6 -1.1% 3.5% Hits: 1 |
Monthly_Economic_Update_April_2021.pdf47 $2.63 $2.87 CPI-U All Items 4 0.9% 1.1% 1.0% 1.0% n.a. Natural Gas Price 5 $1.09 $2.01 $2.27 $3.29 $2.15 Home Sales 6 -1.1% 3.5% Hits: 1 |
Monthly_Economic_Update_April_2020.pdf53 $2.35 $2.08 CPI-U All Items 4 2.4% 2.5% 2.6% n.a. n.a. Natural Gas Price 5 $1.81 $1.65 $1.60 $1.37 $1.26 Home Sales 6 8.7% 10.6% Hits: 1 |
Mid_Year_FY16-17_Presentation.pdf2017 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. 25.Jan.2017 7 PA Wage Growth Underperforms Source: U.S. Bureau Hits: 1 |
Initial_Estimate_May_2017_Presentation.pdfall have negative impact. Wage growth underperforms despite strong labor market. Business investment disappoints, but picking up. Natural gas prices collapsed; lower royalty payments. Technical factors work in same direction. Income growth does not translate into spending Hits: 1 |
Initial-Revenue-Estimate-2018-05.pdfthe projected net job gains. The construction and transportation sectors also record solid gains. The re- covery of natural gas prices coincides with modest net job gains for the mining sector, while the manufacturing sector also recovers after a significant contraction Hits: 1 |
HTAE_2019_05_15.pdf5% 1.6% 1.7% 1.3% 1.5% Home Price Index 6.2% 5.4% 4.6% 5.0% --- Natural Gas Production 10.1% 10.1% 18.6% 17.8% 14.0% Lottery Instant Ticket Sales 4.8% 6.7% Hits: 1 |
House Appropriation Response Letter 2-28-2020.pdf2.2 3.0 7.2 Community & Economic Development 1.0 2.2 3.5 4.8 11.6 Conservation & Natural Resources 3.2 6.8 10.9 14.7 35.5 Corrections 15.0 32.0 51.0 68.8 Hits: 1 |
FTA_Presentation_Oct_24_2022.pdfof issues: ▪ Revenue estimates (how much revenues are available?) ▪ Performance based budgeting | Tax credit reviews ▪ Special Studies: property tax reform, natural gas, minimum wage October 24, 2022 1 Act 48 Tax Credit Reviews Statute: Did the tax credits accomplish their legislative Hits: 1 |
Five_Year_Outlook_2017_Presentation.pdf2012 2013 2014 2015 2016 Total Births 142 142 142 141 141 708 Deaths -126 -131 -127 -131 -133 -646 Natural Growth 17 11 16 11 8 62 Domestic Migrate -17 -31 -35 -45 -46 -175 Int’l Migrate 29 30 Hits: 1 |
EPLC_April_2024.pdfPension analysis | Dynamic modeling | Economic impact • Analyze impact of collective bargaining agreements Special Studies and Legislative Requests • Property tax reform | Natural gas & electricity • State comparisons | Others as requested IFO Role in Budget Process Source: Governor’s Executive Budget 2024-25, page Hits: 1 |
EPLC_3_4_2022_update.pdfof issues: ▪ Revenue estimates (how much revenues are available?) ▪ Performance based budgeting | Tax credit reviews ▪ Special Studies: property tax reform, natural gas, minimum wage March 4, 2022 2 Today’s Presentation: Three Parts State demographics, economy and COVID impacts ▪ A contracting Hits: 1 |
EPLC-2-19-21.pdfof issues: ▪ Revenue estimates (how much revenues are available?) ▪ Performance based budgeting | Tax credit reviews ▪ Special Studies: property tax reform, natural gas, minimum wage February 19, 2021 2 Today’s Presentation: Three Parts State demographics, economy and COVID impacts ▪ A contracting Hits: 1 |
Demographics_Outlook_2023.pdfreverts to pre-COVID rates. 2015-20 2020-25 2025-30 Start of Period 12,891 12,994 12,995 Natural Increase 7 -76 -111 Births 684 650 638 Deaths -677 -726 -750 Net Migration 97 77 91 Age 0 to Hits: 1 |
Demographics_Outlook_2022.pdflower than 2010 to 2015. 2010-20 2020-25 2025-30 Start of Period 12,701 12,990 12,960 Natural Increase 93 -62 -108 Births 1,400 660 645 Deaths -1,307 -722 -753 Net Migration 195 33 44 Age Hits: 1 |
ACN_SB1_A01354_A01558_2017_06_03a.pdfsignificantly from the current measurements presented in this analysis due to actual plan experience deviating from the actuarial assumptions, the natural operation of the plan’s actuarial cost method, and changes in plan provisions, actuarial assumptions, actuarial methods, and applicable law Hits: 1 |
2024_Mid_Year_Update_Final.pdf5 Mid-Year Update Cumulative Growth in Philly CPI-U • Energy deflation since June 2022 • Gasoline, recently utility bills down (natural gas) • Durable goods deflation in December • Used cars down -12% since June 2022 Slide 6 Mid-Year Update 0.90 Hits: 1 |
2020_Mid_Year_Update.pdfby -3.0% | form of payment shift | impact from safe harbors Upside: strong stock market to end year Natural gas royalties down due to prices January 28, 2020 9 PIT Payments Growth January 28, 2020 10 Tax Year Basis Hits: 1 |