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Natural Gas Production Report, 2022Q3

This 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 Estimate

This 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, 2022Q2

This 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 2022

This 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 PRESENTATION

Deputy 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 Production Report, 2022Q3

This 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, 2022Q2

This 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, 2022Q1

This 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 PRESENTATION

Deputy 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, 2021Q4

This 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, 2021Q3

This 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, 2021Q2

This 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, 2021Q1

This 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 Presentation

Deputy 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, 2020Q4

This 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, 2020Q3

This 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, 2020Q2

This 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 Presentation

Revenue 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, 2020Q1

This 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, 2019Q4

This 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, 2019Q3

This 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 2017

This 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, 2019Q2

This 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, 2019Q1

This 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 Q4

This 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 Q3

This 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, 2018Q2

This 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 Outlook

This 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, 2018Q1

This 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 Royalties

The 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, 2017Q4

This 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 Committees

The 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 Q3

This 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 Q2

This 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 Outlook

This 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 Q1

This 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 4

This 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 Committees

The 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 3

This 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 2

This 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 Outlook

This 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 1

This 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 December

This 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 Terminology

Glossary 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 June

This 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 Outlook

This 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 2015

This 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 Comparison

This 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.pdf

2016. 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

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Independent Fiscal Office

Independent Fiscal Office IFO • Latest Releases • Data • Calendar • Right-to-Know • About • About IFO • Contact IFO • Email Subscription • Links • Follow on Twitter • • Independent Fiscal Office Revenue Estimates Revenue & Economic Update Performance Budgeting Natural Gas Pension Analysis Property Tax Wage Contracts Tax Credit Review Economics and Other Featured Releases Natural Gas Production Report, 2022Q3 Natural Gas December 05, 2022 This report for the third quarter of 2022 uses data collected

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Revenue-Proposal-Analysis-2018-04.pdf

intentionally 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

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RB 2019 Natural Gas Royalties.pdf

Natural 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

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TC_2022_Coal_Refuse_Energy_Reclamation.pdf

mediated 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

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

June 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

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Budget_Hearing_Background_Feb2016.pdf

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.  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

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Impact_Fee_Update_Outlook_2021.pdf

Independent 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

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Impact-Fee-Update-Outlook-2020.pdf

Introduction 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

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

3 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

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IFO_Hearing_Packet_Feb2018.pdf

14 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

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2022-Impact-Fee-Estimate.pdf

Introduction 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

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

June 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

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Impact-Fee-Estimate-2019.pdf

Fiscal 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

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2021_Impact_Fee_Estimate.pdf

Introduction 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

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Impact_Fee_Update_Outlook_2022.pdf

Introduction 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

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Economic_and_Revenue_Update_2020.pdf

have 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

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2020_Impact_Fee_Estimate.pdf

Introduction 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

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Five_Year_Outlook_2019.pdf

pages. 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

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Budget Hearings Packet.pdf

Update. 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

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Budget Hearings Packet- Web Version.pdf

Update. 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

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2013-06 Monthly Economic Summary - FINAL.pdf

1.5% -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

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2007_divestment_complete_report.pdf

trust, 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

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NGIFE-2015.pdf

1 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

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Five_Year_Outlook_2022.pdf

lower 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-

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NGIFE-2018.pdf

Brief 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

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MSC_March_31_2022.pdf

corporate 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

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MSC_March_31_2021.pdf

of 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

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NGPR-2016Q4.pdf

The 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

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NGIFE-2016.pdf

Brief 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

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MTR-2017-02.pdf

in 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

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IFO_Testimony_RGGI_Nov_4_2022.pdf

by 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

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Five_Year_Outlook_2020.pdf

population. 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

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RB-2019-01.pdf

Brief 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

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NGPR-2020-Q2.pdf

INDEPENDENT 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

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NGPR-2016Q3.pdf

The 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

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NGPR-2016Q2.pdf

The 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

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NGPR-2016Q1.pdf

The 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

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NGPR-2015-2H.pdf

The 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

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IFO_Hearing_Packet_Feb2019.pdf

Migration 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

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IFO_Hearing_Materials_Feb_22_2022.pdf

past 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

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Economic_and_Revenue_Update_2021.pdf

past 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

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NGPR_2022_Q2.pdf

INDEPENDENT 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

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NGPR_2020_Q3.pdf

INDEPENDENT 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

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NGPR-2019Q3.pdf

Trends 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

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NGPR-2018Q3.pdf

Trends 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

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MTR-2016-11.pdf

298.7% 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

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2013-10 Monthly Economic Summary.pdf

5.5% 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

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TC_2021_Resource_Enhancement_and_Protection.pdf

Practices 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

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PBB_2020_DEP_Report.pdf

Department 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

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NGPR_2022_Q3.pdf

INDEPENDENT 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

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NGPR_2021_Q4.pdf

INDEPENDENT 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

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NGPR_2021_Q2.pdf

INDEPENDENT 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

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NGPR_2020_Q4.pdf

INDEPENDENT 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

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NGPR-2020-Q1.pdf

INDEPENDENT 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

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NGPR-2019Q1.pdf

Trends 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

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Five_Year_Outlook_2021.pdf

400 (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

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NGPR_2021_Q3.pdf

INDEPENDENT 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

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NGPR-2022-Q1.pdf

INDEPENDENT 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

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NGPR-2021-Q1.pdf

INDEPENDENT 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

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NGPR-2019Q4.pdf

Trends 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

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NGPR-2019Q2.pdf

Trends 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

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NGPR-2018Q4.pdf

Trends 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

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Monthly_Economic_Update_August_2021.pdf

loan 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

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WJ-Presentation-Natural-Gas-7-14-20.pdf

Pennsylvania 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

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RB-2016-02.pdf

0 $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

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NGPR-2018Q2.pdf

Trends 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

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NGPR-2018Q1.pdf

Trends 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

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NGPR-2017Q4.pdf

Quarterly 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

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NGPR-2017Q3.pdf

Quarterly 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

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NGPR-2017Q2.pdf

Quarterly 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

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NGPR-2017Q1.pdf

Quarterly 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

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Monthly_Economic_Update_July_2020.pdf

NYMEX 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

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MER-2014-10.pdf

5% 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

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jackson ppt.pdf

PA 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-

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IFO_Hearing_8-30-2017.pdf

Update. 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

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NGPR-2015-1H.pdf

The 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

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NGPR-2015-09.pdf

The 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

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NewsStand_2019_August.pdf

deductions 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

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Monthly_Economic_Update_December_2021.pdf

increases 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

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Electricity_Update_March_2022.pdf

electricity consumption and net exports for Pennsylvania and other regional states. Net generation is broken down into electricity generated from natural gas, coal, nuclear and other sources. Other sources include petroleum, hydroelectric, wind, solar and other renewable sources. Total consumption is 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

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Releases

IFO - Releases IFO • Latest Releases • Data • Calendar • Right-to-Know • About • About IFO • Contact IFO • Email Subscription • Links • Follow on Twitter • • Releases IFO Releases Natural Gas Production Report, 2022Q3 December 05, 2022 | Natural Gas This report for the third quarter of 2022 uses data collected by the PA Department of Environmental Protection to

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State_Tax_Comparison_2022_01.pdf

governments 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

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State_Tax_Comparison_2020_11.pdf

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 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

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State-Tax-Comparison-2020-01.pdf

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 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

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Revenue-Proposal-Analysis-2020-04.pdf

the 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

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RB 2019 County Income Patterns.pdf

of 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

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PICPA_Presentation.pdf

Sales 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%

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PBB_2022_AGRICULTURE_REPORT.pdf

regula- 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

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PBB_2020_DOS_REPORT.pdf

Salon 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

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Newsstand_March_2020.pdf

year 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-

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Newsstand_2018_November.pdf

1%)), 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

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Monthly_Economic_Update_October_2021.pdf

Impact 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

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Monthly_Economic_Update_December_2020.pdf

plus 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

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MER-2015-02.pdf

professional 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

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MER-2013-11.pdf

possibility 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

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EPLC Feb 2020 FINAL.pdf

Revenue 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

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Electricity_Update_Sep_2021.pdf

electricity consumption and net exports for Pennsylvania and other regional states. Net generation is broken down into electricity generated from natural gas, coal, nuclear and other sources. Other sources include hydroelectric, wind, solar and other renewable sources. Total consumption is the 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

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2013-09 Monthly Economic Summary-FINAL.pdf

the 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

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2006_surviving_spouse_healthcare_study.pdf

THAT 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

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About IFO

services director for the Department of Labor and Industry. Ms. Warburton holds a M.P.A. in Environmental Policy and Natural Resource Management from the School of Public and Environmental Affairs at Indiana University and a B.A. in International Studies budgeting 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

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Sen_Maj_Pol_Comm_Brain_Drain_Workshop_04_30_2019.pdf

Rachel 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

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Revenue-Proposal-Analysis-2019-03.pdf

other 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

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Revenue-Estimate-2019-05.pdf

from 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%

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RB-2017-5.pdf

cannot 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

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Presentation_Phil_Chamber_2-12-2015.pdf

at 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

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PBB_2022_PHMC_REPORT.pdf

Museum | 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

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PBB_2022_PDE_REPORT_Amended.pdf

Postsecondary 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

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PBB_2021_PennDOT_REPORT_ADDENDUM.pdf

Wildlife 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

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PBB_2021_DMVA_REPORT_ADDENDUM.pdf

objectives 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

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PBB_2020_PEMA_REPORT.pdf

Management 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

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Official-Revenue-Estimate-2019-06.pdf

relative 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%

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NewsStand_2019_December.pdf

over 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

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MTR-2015-10.pdf

near 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

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Monthly_Economic_Update_July_2021_Final.pdf

strong 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%

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Demographics_Outlook_2021.pdf

forecast 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

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Demographics_Outlook_2020.pdf

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 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

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CNIT-Rate-Cut-2018-04.pdf

notable 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

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Budget_Hearing_Background-Feb2014.pdf

Employment – 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

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TC_2021_Keystone_Special_Development_Zones_Update.pdf

and 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

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SUT Exemption for Aircraft - January 2013.pdf

Parts 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

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SR2017-03.pdf

0.97 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

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Special-Funds-Response-Letter-03-08-2019.pdf

Equipment 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

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Revenue_Proposal_Analysis_2022_04.pdf

wage. 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

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Revenue_Proposal_Analysis_2021_04.pdf

base 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

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RB-2015-02-annual_vs_lifetime_ETR.pdf

Rate – 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

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RB-10-2020-Economic_Development_Incentives.pdf

capped 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

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PSBA_January_19_2022.pdf

further 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

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Presentation_PICPA_12-3-2014.pdf

170k | +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

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Presentation_PBC_6-12-14_data.xlsx

801 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

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Presentation_Lancaster_Chamber_2017-07-14.pdf

14/2017 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

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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

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Presentation-2019-3-1-EPLC.pdf

and 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

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Presentation-2018-06-PICPA.pdf

U.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

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Presentation-2018-06-Philly-Pitt-Chambers.pdf

includes 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

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Presentation-2018-06-PASBO.pdf

includes 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

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Pennsylvania_Aging_Presentation.pdf

24, 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

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PBB_TaxCredits_Schedule_2022_Update.pdf

Museum 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

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PBB_2020_DCED_REPORT.pdf

GEDTF) 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

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Official_Revenue_Estimate_Methodology_2022.pdf

Royalties, 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

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Official_Revenue_Estimate_Methodology_2021.pdf

Royalties, 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

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

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 the current

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

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 the current

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Official-Revenue-Estimate-2018-06.pdf

the 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

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NewsStand_2019_July.pdf

working 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

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Newsstand_2018_December.pdf

Higher 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

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MTR-2016-08.pdf

and 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

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MTR-2016-03.pdf

sector 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

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MTR-2016-01.pdf

72.4% increase) since 2007. A recent contraction in the coal mining subsector was more than offset by gains in natural gas extraction. The mining sector now comprises 0.6% of total payroll employment. In absolute terms, the healthcare sector (includes

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Monthly_Economic_Update_Table_December_2020.pdf

28 $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%

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Monthly_Economic_Update_September_2022.pdf

92 $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%

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Monthly_Economic_Update_September_2021_Indicators.pdf

08 $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%

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Monthly_Economic_Update_September_2021.pdf

08 $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%

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Monthly_Economic_Update_September_2020.pdf

25 $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%

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Monthly_Economic_Update_October_2022.pdf

62 $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%

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Monthly_Economic_Update_October_2021_Indicators.pdf

15 $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%

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Monthly_Economic_Update_October_2020.pdf

25 $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%

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Monthly_Economic_Update_November_2022.pdf

17 $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%

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Monthly_Economic_Update_November_2021.pdf

18 $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%

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Monthly_Economic_Update_November_2020_Final.pdf

28 $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%

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Monthly_Economic_Update_May_2022.pdf

63 $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%

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Monthly_Economic_Update_May_2021.pdf

63 $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%

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Monthly_Economic_Update_May_2020.pdf

35 $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%

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Monthly_Economic_Update_March_2022.pdf

44 $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%

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Monthly_Economic_Update_March_2021.pdf

34 $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%

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Monthly_Economic_Update_June_2022.pdf

26 $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%

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Monthly_Economic_Update_June_2021_Indicators.pdf

87 $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%

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Monthly_Economic_Update_June_2021.pdf

87 $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%

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Monthly_Economic_Update_June_2020.pdf

06 $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

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Monthly_Economic_Update_July_2022.pdf

11 $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%

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Monthly_Economic_Update_July_2021_Indicators.pdf

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%

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Monthly_Economic_Update_January_2022.pdf

36 $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%

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Monthly_Economic_Update_January_2021_Indicators.pdf

26 $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%

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Monthly_Economic_Update_January_2021.pdf

26 $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%

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Monthly_Economic_Update_Indicators_February_2022.pdf

49 $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%

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Monthly_Economic_Update_February_2022.pdf

49 $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%

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Monthly_Economic_Update_February_2021_Indicators.pdf

26 $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%

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Monthly_Economic_Update_February_2021.pdf

26 $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%

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Monthly_Economic_Update_August_2022.pdf

59 $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%

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Monthly_Economic_Update_August_2020.pdf

16 $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%

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Monthly_Economic_Update_April_2022.pdf

42 $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%

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Monthly_Economic_Update_April_2021_Indicators.pdf

47 $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%

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Monthly_Economic_Update_April_2021.pdf

47 $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%

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Monthly_Economic_Update_April_2020.pdf

53 $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%

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Mid_Year_FY16-17_Presentation.pdf

2017 6 Year-Over-Year Growth Rates PA Energy Inflation Returns -40% -30% -20% -10% 0% 10% Residential Electricity Residential Natural Gas Gasoline Source: U.S. Energy Information Administration. 25.Jan.2017 7 PA Wage Growth Underperforms Source: U.S. Bureau

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Initial_Estimate_May_2017_Presentation.pdf

all 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

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Initial-Revenue-Estimate-2018-05.pdf

the 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

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HTAE_2019_05_15.pdf

5% 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%

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House Appropriation Response Letter 2-28-2020.pdf

2.2 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

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FTA_Presentation_Oct_24_2022.pdf

of 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

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Five_Year_Outlook_2017_Presentation.pdf

2012 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

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EPLC_3_4_2022_update.pdf

of 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

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EPLC-2-19-21.pdf

of 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

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Demographics_Outlook_2022.pdf

lower 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

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ACN_SB1_A01354_A01558_2017_06_03a.pdf

significantly 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

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2020_Mid_Year_Update.pdf

by -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

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