Natural Gas Quarterly Update, 2023Q2This document uses data from the Pennsylvania Department of Environmental Protection, the U.S. Energy Information Administration and Natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices. Tags: gas, natural, production |
Natural Gas Quarterly Update, 2023Q1This document uses data from the Pennsylvania Department of Environmental Protection, the U.S. Energy Information Administration and Bentek Energy to provide a quarterly update on recent trends in production volume, well counts and average spot prices. Tags: gas, natural, production |
Natural Gas Production Report, 2022Q4This report for the fourth quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, natural, production |
Natural Gas Production Report, 2022Q3This report for the third quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, natural, production |
Natural Gas Production Report, 2022Q2This report for the second quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, natural, production |
Natural Gas Production Report, 2022Q1This report for the first quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, production |
Natural Gas Production Report, 2021Q3This report for the third quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, production |
Natural Gas Production Report, 2021Q2This report for the second quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, production |
Natural Gas Production Report, 2021Q1This report for the first quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, production |
Natural Gas Production Report, 2020Q4This report for the fourth quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, production |
Natural Gas Production Report, 2020Q3This report for the third quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, production |
Natural Gas Production Report, 2020Q2This report for the second quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, production |
Natural Gas Production Report, 2020Q1This report for the first quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. Tags: gas, production |
Natural Gas Quarterly Update, 2023Q2This document uses data from the Pennsylvania Department of Environmental Protection, the U.S. Energy Information Administration and Natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices. 09/07/2023 |
Natural Gas Quarterly Update, 2023Q1This document uses data from the Pennsylvania Department of Environmental Protection, the U.S. Energy Information Administration and Bentek Energy to provide a quarterly update on recent trends in production volume, well counts and average spot prices. 05/31/2023 |
Natural Gas production Report, 2022Q4This report for the fourth quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 03/02/2023 |
Natural Gas production Report, 2022Q3This report for the third quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 12/05/2022 |
Natural Gas production Report, 2022Q2This report for the second quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/18/2022 |
Natural Gas production Report, 2022Q1This report for the first quarter of 2022 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/26/2022 |
Natural Gas production Report, 2021Q4This report for the fourth quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 02/22/2022 |
Natural Gas production Report, 2021Q3This report for the third quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 11/22/2021 |
Keystone Special Development Zone Tax CreditAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game production and Keystone Special Development Zone Tax Credits. Click on the link to access the Keystone Special Development Zone Tax Credit Report. 09/24/2021 |
Natural Gas production Report, 2021Q2This report for the second quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/24/2021 |
Natural Gas production Report, 2021Q1This report for the first quarter of 2021 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/24/2021 |
NAP, REAP, EEEP, VGP and KSDZ Tax Credit ReviewsIFO presentation of the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game production and Keystone Special Development Zone Tax Credit Reviews. 04/26/2021 |
Resource Enhancement and Protection Program Tax CreditAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game production and Keystone Special Development Zone Tax Credits. Click on the link to access the Resource Enhancement and Protection Program Tax Credit Report. IFO Letter to the SCC 04/23/2021 |
Entertainment Economic Enhancement Program Tax CreditAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game production and Keystone Special Development Zone Tax Credits. Click on the link to access the Entertainment Economic Enhancement Program Tax Credit Report. 04/23/2021 |
Neighborhood Assistance Program Tax CreditAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game production and Keystone Special Development Zone Tax Credits. Click on the link to access the Neighborhood Assistance Program Tax Credit Report. 04/23/2021 |
Video Game production Tax CreditAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game production and Keystone Special Development Zone Tax Credits. Click on the link to access the Video Game production Tax Credit Report. 04/23/2021 |
Natural Gas production Report, 2020Q4This report for the fourth quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 03/02/2021 |
Natural Gas production Report, 2020Q3This report for the third quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 11/24/2020 |
Natural Gas production Report, 2020Q2This report for the second quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/20/2020 |
Natural Gas production Report, 2020Q1This report for the first quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/21/2020 |
Natural Gas production Report, 2019Q4This report for the fourth quarter of 2019 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 02/26/2020 |
Natural Gas production Report, 2019Q3This report for the third quarter of 2019 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 12/03/2019 |
Natural Gas Royalties Increase in 2017This research brief uses state personal income tax data to estimate natural gas royalties paid to landowners in 2017. The data suggest that royalties paid increased significantly from the prior year due to increased production and higher prices. 09/20/2019 |
Natural Gas production Report, 2019Q2This report for the second quarter of 2019 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/21/2019 |
Natural Gas production Report, 2019Q1This report for the first quarter of 2019 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/30/2019 |
NATURAL GAS production REPORT, 2018 Q4This report for the fourth quarter of 2018 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 03/05/2019 |
Film production Tax CreditAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the first year, the IFO reviewed the Film production, Historic Preservation and New Jobs Tax Credits. Click on the link to access the Film production Tax Credit Report. 01/18/2019 |
Film, Historic Preservation and New Jobs Tax Credit ReviewsIFO presentation of the Film production, Historic Preservation and New Jobs Tax Credit Reviews. 01/18/2019 |
New Jobs Tax CreditAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the first year, the IFO reviewed the Film production, Historic Preservation and New Jobs Tax Credits. Click on the link to access the New Jobs Tax Credit Report. 01/18/2019 |
Historic Preservation Tax CreditAct 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the first year, the IFO reviewed the Film production, Historic Preservation and New Jobs Tax Credits. Click on the link to access the Historic Preservation Tax Credit Report. 01/18/2019 |
Natural Gas production Report, 2018 Q3This report for the third quarter of 2018 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 12/04/2018 |
NATURAL GAS production REPORT, 2018Q2This report for the second quarter of 2018 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/30/2018 |
Impact Fee Update and 2018 OutlookThis report examines 2017 impact fee collections and natural gas production in Pennsylvania. It also provides an outlook for 2018. 06/28/2018 |
NATURAL GAS production REPORT, 2018Q1This report for the first quarter of 2018 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/31/2018 |
Natural Gas production Report, 2017Q4This report for the fourth quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 03/05/2018 |
Natural Gas production Report, 2017 Q3This report for the third quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 12/07/2017 |
Natural Gas production Report, 2017 Q2This report for the second quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/29/2017 |
Impact Fee Update and 2017 OutlookThis research brief examines 2016 impact fee collections and natural gas production in Pennsylvania. It also provides an outlook for 2017. 07/04/2017 |
Natural Gas production Report, 2017 Q1This report for the first quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/22/2017 |
Natural Gas production Report, 2016 Quarter 4This report for the fourth quarter of 2016 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 03/02/2017 |
Natural Gas production Report, 2016 Quarter 3This report for the third quarter of 2016 and the calendar year-to-date uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 11/30/2016 |
Natural Gas production Report, 2016 Quarter 2This report for the second quarter of 2016 and the calendar year-to-date uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 08/26/2016 |
Impact Fee Update and 2016 OutlookThis research brief examines 2015 impact fee collections and natural gas production in Pennsylvania. It also provides an outlook for 2016. 07/14/2016 |
Natural Gas production Report, 2016 Quarter 1This report for the first quarter of 2016 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 05/26/2016 |
Natural Gas production Report, 2015 July to DecemberThis report for the second half of 2015 and the calendar year-to-date uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 02/29/2016 |
Glossary of Natural Gas TerminologyGlossary of technical terms to supplement the Natural Gas production Report for the first half of 2015. 09/15/2015 |
Natural Gas production Report, 2015 January to JuneThis report for the first half of 2015 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 09/15/2015 |
Impact Fee Update and 2015 OutlookThis research brief analyzes calendar year (CY) 2014 impact fee revenues (remitted April 2015) reported by the Pennsylvania Public Utility Commission (PUC) and potential scenarios for CY 2015. The research brief also translates the impact fee into an annual average effective tax rate (ETR) based on natural gas price and production data. The ETR is a metric that quantifies the implicit tax burden imposed by the impact fee in a given year. 06/25/2015 |
Impact Fee Update - February 2015This research brief estimates the calendar year 2014 impact fee revenues (to be remitted in April 2015) using data from the Department of Environmental Protection (DEP) and the Public Utility Commission (PUC). The research brief also translates the impact fee into an annual average effective tax rate (ETR) based on recent natural gas price and production data. The ETR is a metric that quantifies the implicit tax burden imposed by the impact fee in a given year. 02/27/2015 |
Uncapping the Film production Tax Credit: A Fiscal and Economic AnalysisThis report presents the results of an analysis performed by the Independent Fiscal Office (IFO) on the fiscal and economic impacts of eliminating the cap on Pennsylvania’s film production tax credit (FPTC). The report also considers stand-alone tax credits for post-production and digital interactive media services. 05/31/2013 |
Single-Use Plastics Report-2020_06.pdfThe IFO submits this report to fulfill its obligations under Act 20. States and municipalities may regulate certain products to encourage more efficient production and con- sumption decisions. This report considers three types of regulation that have been applied to single-use plastics: a ban, a Hits: 209 |
TC_2019_Film_Production_Tax_Credit_Report.pdfa five- year period. For the first year, the IFO reviewed three tax credits: the Historic Preservation, Film Production and Jobs Creation tax credits. The act requires the IFO to submit tax credit reviews to the Performance- Based Budget Board and available to the public on the IFO website. This report contains the tax credit review for the Film Production Tax Credit (FPTC). The IFO reviewed numerous studies on state FPTCs, held discussions with various stakeholders and met with agency staff who Hits: 159 |
TC_2021_Video_Game_Production.pdfIFO reviewed five tax credits: the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credits. The act requires the IFO to submit tax credit reviews to the Performance- reports available to the public on the IFO website. This report contains the tax credit review for the Video Game Production (VGP) Tax Credit. The IFO re- viewed studies on video game production incentives, held discussions with various stakeholders and met Hits: 102 |
NGPR-2017Q2.pdf1,200 1,300 1,400 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2015 2016 2017 Number of Producing Wells Production Volume (bcf) Quarterly Production and Well Counts Independent Fiscal Office 2 Second Quarter 2017 Table 2: Number of Wells Second Hits: 94 |
NGPR-2017Q3.pdfQuarterly Production and Well Counts 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8 1,200 1,300 1,400 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2015 2016 2017 Number of Producing Wells Production Volume (bcf) Independent Fiscal Office 2 Third Quarter 2017 Table 2: Number of Wells Third Quarter Calendar Year- Hits: 93 |
NGPR-2018Q3.pdfIndependent Fiscal Office Third Quarter 2018 Table 1: Production Volume (bcf) Third Quarter Calendar Year-to-Date 2017 2018 Growth 2017 2018 Growth Horizontal 1,323.0 1,567 4 -14.9% Total 1,325.3 1,570.1 18.5% 3,961.6 4,471.5 12.9% Production Trends For the third quarter of 2018, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total Hits: 88 |
NGPR-2018Q4.pdfIndependent Fiscal Office Fourth Quarter 2018 Table 1: Production Volume (bcf) Fourth Quarter Calendar Year 2017 2018 Growth 2017 2018 Growth Horizontal 1,400.3 1,648.8 17 3 -13.1% Total 1,402.2 1,650.7 17.7% 5,363.8 6,123.3 14.2% Production Trends For the fourth quarter of 2018, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total Hits: 87 |
NGPR-2017Q4.pdfQuarterly Production and Well Counts 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8 1,300 1,400 1,500 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2015 2016 2017 Number of Producing Wells Production Volume (bcf) Independent Fiscal Office 2 Fourth Quarter 2017 Table 2: Number of Wells Fourth Quarter Calendar Year Hits: 87 |
NGPR-2017Q1.pdfQuarterly Production and Well Counts Independent Fiscal Office 2 First Quarter 2017 Table 2: Number of Wells First Quarter Calendar Year-to-Date 2016 2017 Growth 2016 2017 Growth Producing Wells Horizontal 6,605 7,187 8.8% 6,605 7,187 8.8% Vertical 504 491 -2.6% 504 Hits: 87 |
NGPR-2019Q4.pdfIndependent Fiscal Office Fourth Quarter 2019 Table 1: Production Volume (bcf) Fourth Quarter Calendar Year 2018 2019 Growth 2018 2019 Growth Horizontal 1,649.0 1,774.5 7 5 -21.4% Total 1,650.8 1,776.0 7.6% 6,123.4 6,821.5 11.4% Production Trends For the fourth quarter of 2019, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total Hits: 86 |
NGPR-2019Q3.pdfIndependent Fiscal Office Third Quarter 2019 Table 1: Production Volume (bcf) Third Quarter Calendar Year 2018 2019 Growth 2018 2019 Growth Horizontal 1,568.6 1,713.1 9 9 -23.2% Total 1,571.3 1,714.7 9.1% 4,472.5 5,041.5 12.7% Production Trends For the third quarter of 2019, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total Hits: 86 |
NGPR-2019Q1.pdfIndependent Fiscal Office First Quarter 2019 Table 1: Production Volume (bcf) First Quarter Calendar Year 2018 2019 Growth 2018 2019 Growth Horizontal 1,441.3 1,653.9 14 6 -23.0% Total 1,443.4 1,655.4 14.7% 1,443.4 1,655.4 14.7% Production Trends For the first quarter of 2019, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total Hits: 85 |
NGPR-2018Q2.pdfIndependent Fiscal Office Second Quarter Table 1: Production Volume (bcf) Second Quarter Calendar Year-to-Date 2017 2018 Growth 2017 2018 Growth Horizontal 1,321.9 1,454 8 -27.1% Total 1,324.4 1,455.8 9.9% 2,636.3 2,899.2 10.0% Production Trends For the second quarter of 2018, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total Hits: 85 |
NGPR-2018Q1.pdfIndependent Fiscal Office First Quarter 2018 Table 1: Production Volume (bcf) First Quarter Calendar Year 2017 2018 Growth 2017 2018 Growth Horizontal 1,309.2 1,439.2 9 0 -25.0% Total 1,311.9 1,441.2 9.9% 1,311.9 1,441.2 9.9% Production Trends For the first quarter of 2018, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total Hits: 85 |
NGPR-2019Q2.pdfIndependent Fiscal Office Second Quarter 2019 Table 1: Production Volume (bcf) Second Quarter Calendar Year 2018 2019 Growth 2018 2019 Growth Horizontal 1,456.3 1,667.2 14 3 -14.1% Total 1,458.0 1,668.9 14.5% 2,901.4 3,324.3 14.6% Production Trends For the second quarter of 2019, recent data from the Pennsylvania Department of Environmental Protection (DEP) show that total Hits: 84 |
NGPR-2016Q4.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. Unless otherwise noted, this report uses those data, in conjunction with DEP data on wells spud, to develop statewide tabulations of production volume and well counts for the fourth quarter of 2016 and the calendar year. These data are current as of Hits: 68 |
NGPR-2016Q2.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. Except as otherwise noted, this report uses those data, in conjunction with DEP data on wells spud, to develop statewide tabulations of production volume and well counts for the second quarter of 2016 and the calendar year-to-date. These data are current Hits: 64 |
NGPR-2016Q3.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. Unless otherwise noted, this report uses those data, in conjunction with DEP data on wells spud, to develop statewide tabulations of production volume and well counts for the third quarter of 2016 and the calendar year-to-date. These data are current Hits: 62 |
NGPR-2016Q1.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. Except as otherwise noted, this report uses those data, in conjunction with DEP data on wells spud, to develop statewide tabulations of production volume and well counts for the first quarter of 2016 and the calendar year-to-date. These data are current Hits: 62 |
NGPR_2020_Q3.pdfuses 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., shale). The production and well count Hits: 60 |
NGPR-2020-Q2.pdfuses 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., shale). The production and well count Hits: 59 |
NGPR_2021_Q3.pdfuses 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., shale). The production and well count Hits: 58 |
NGPR_2022_Q4.pdfuses 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.g., shale) and data used by Hits: 57 |
NGPR_2022_Q3.pdfuses 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.g., shale) and data used by Hits: 57 |
NGPR_2021_Q4.pdfuses 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., shale). The production and well count Hits: 57 |
NGPR_2020_Q4.pdfuses 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., shale). The production and well count Hits: 57 |
NGPR-2020-Q1.pdfuses 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., shale). The production and well count Hits: 57 |
NGPR_2021_Q2.pdfuses 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., shale). The production and well count Hits: 56 |
NGPR-2015-2H.pdfThe Pennsylvania Department of Environmental Protection publishes monthly production data submitted by natural gas extractors that operate in the state. This report uses those data to develop statewide and county-level tabulations of production volume and well counts for the last six months of 2015 and the full calendar year. The data summarized in Hits: 56 |
NGPR-2022-Q1.pdfuses 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., shale). The production and well count Hits: 54 |
NGPR_2022_Q2.pdfuses 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.g., shale) and data used by Hits: 53 |
NGPR-2021-Q1.pdfuses 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., shale). The production and well count Hits: 51 |
Revenue-Proposal-Analysis-2018-04.pdfsufficiently interdependent, integrated and interrelated through their activities so as to provide a synergy and mutual benefit that produces a sharing or exchange of value among them and a significant flow of value to the separate parts. Source: “Allocation and Apportionment be effective July 1, 2018 with the first payment due June 15, 2019. The initial year would cover production from the effective date through April 2019. After the initial year, the tax would be paid annually on June 15 th , and Hits: 46 |
2007_divestment_complete_report.pdfhave little or no impact upon a public fund due to the ready availability of adequate replacement investments that will produce comparable investment returns. • Investments in companies doing business with certain countries or in certain industries may, in the long term avoided investments related to the slave trade. Likewise, ethical investment policies of that era often sought to avoid investments in products or activities considered to be “sinful,” such as investments in companies involved in the production or distribution of alcohol and Hits: 45 |
TC_2023_PA_Resource_Manufacturing.pdftax credits will total $76.7 million annually, or roughly $21,300 per job. Over 20 years, that level of production would generate $1.53 billion in PRM tax credits. The PRM Tax Credit was part of a package of credits to encourage the development of specific manufacturing industries, pri- marily renewable energy or alternative fuels. The Gulf Coast produces over half of the nation’s ethane and is the regional birthplace of the petrochemical industry, with 31 ethylene crackers Hits: 41 |
Budget_Hearing_Background_Feb2016.pdfregarding 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 Revenue Review. Published after each Hits: 39 |
TC_2021_Entertainment_Economic_Enhancement_Program.pdfIFO reviewed five tax credits: the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zones Tax Credits. The act requires the IFO to submit tax credit reviews to the Performance- EEEP) Tax Credit is available to concert tour promotion companies, concert tour management companies or other concert management companies that produce concerts with live musical performers and meet specified requirements for con- cert/tour expenditures and location. Depending on the number Hits: 38 |
Impact-Fee-Update-2017-Outlook-2017-07.pdfyear), the type of well (horizontal or vertical) and, to a limited extent, the price of natural gas. Wells that produce below a certain threshold are exempt from the fee, depending on the type of well and the operating year. Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt. Plugged horizontal wells are exempt after remitting the fee Hits: 37 |
IFO_Hearing_Packet_Feb2018.pdfTax 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 SERS Trends Employer 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 Reports and Hits: 37 |
PBB_2022_AGRICULTURE_REPORT.pdfprotecting human, animal, environmental, and plant health through 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 Other Regulatory Services............................ Enforces dog laws and regulates measurement devices 6 Agriculture Marketing and Development....... Markets and promotes Pennsylvania agricultural products 7 Plant Industry and Health.............................. Regulates plant businesses and protects plant health 8 Administration............................................... Provides organizational leadership and support Department Hits: 32 |
Impact-Fee-Update-Outlook-2019-06.pdfvertical) and, to a limited extent, the price of natural gas. Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt (stripper wells). Plugged horizontal wells are exempt after remitting the fee in the first year. Vertical wells that produce less than 90 Mcf per day are exempt from the fee in any operating year. This report (1) analyzes calendar Hits: 32 |
Impact-Fee-Update-2018-Outlook-2018-06.pdfvertical) and, to a limited extent, the price of natural gas. Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt. Plugged horizontal wells are exempt after remitting the fee in the first year. Vertical wells that produce less than 90 Mcf per day are exempt from the fee in any operating year. This report (1) analyzes calendar Hits: 32 |
PBB_2023_PID_REPORT.pdfpage intentionally left blank. - Table of Contents Background on Performance-Based Budgeting ...................................................................................... 1 Pennsylvania Insurance Department Overview ...................................................................................... 3 Activity 1: Product and Rate Review ..................................................................................................... 7 Activity 2: Consumer Services ............................................................................................................ 13 Activity 3: Professional Licensing and Market Conduct ......................................................................... 15 Activity 4: Financial For this report, the services provided by PID are classified into six general activities. Department Resources Activity Primary Service 1 Product and Rate Review............................. Evaluate insurance policy, network and rate changes 2 Consumer Services......................................... Review and investigate consumer complaints 3 Prof Hits: 31 |
NGPR-2015-1H.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. This report uses those data to develop statewide and county-level tabulations of production volume and well counts for the first six months of 2015. The data summarized in this report pertain exclusively to Hits: 31 |
NGPR-2015-09.pdfThe Pennsylvania Department of Environmental Protection (DEP) publishes monthly production data submitted by natural gas extractors that operate in the state. This report uses those data to develop statewide and county-level tabulations of production volume and well counts for the first six months of 2015. The data summarized in this report pertain exclusively to Hits: 31 |
TC_2022_Brewers.pdfa tax rebate. Requirements for each incentive vary but most states provide larger benefits to small brewers (based on annual production). IFO welcomes all questions and comments on the contents of this report. Questions and comments can be sent to contact general findings of this report are as follows: ▪ Twelve states offer a tax incentive to encourage brewery start-ups and production. Six states offer tax credits and the remaining states (except Arkansas) offer a tax reduction/exemption. Pennsyl- vania is the Hits: 30 |
Impact_Fee_Update_Outlook_2021.pdfvertical) and, to a limited extent, the price of natural gas. Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt (stripper wells). Plugged horizontal wells are exempt after remitting the fee in the first year. Vertical wells that produce less than 90 Mcf per day are exempt from the fee in any operating year. This report (1) analyzes calendar Hits: 30 |
TC_2022_Coal_Refuse_Energy_Reclamation.pdfthe requirements contained in Act 48. No other state offers a tax credit to firms that burn coal refuse to produce electricity, and 2020 data from the U.S. Energy Information Administration show that 11 of the 16 waste coal facilities Wyoming. From 2016 to 2020, coal refuse to energy facilities burned 36.8 million tons of coal refuse and produced 28.0 million tons of beneficial use ash. Refuse piles closer to generators have been re- mediated so that refuse Hits: 29 |
Impact-Fee-Update-Outlook-2020.pdfvertical) and, to a limited extent, the price of natural gas. Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt (stripper wells). Plugged horizontal wells are exempt after remitting the fee in the first year. Vertical wells that produce less than 90 Mcf per day are exempt from the fee in any operating year. This report (1) analyzes calendar Hits: 29 |
Impact_Fee_Update_Outlook_2022.pdfof well (horizontal or vertical) and the price of natural gas. Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt (stripper wells). Plugged horizontal wells are exempt after remitting the fee in the first year. Vertical wells that produce less than 90 Mcf per day are exempt from the fee in any operating year. This report (1) analyzes calendar Hits: 28 |
2022-Impact-Fee-Estimate.pdfand, to a limited extent, the price of natural gas. 2 Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt (stripper wells). Plugged horizontal wells are exempt after remitting the fee in the first year. Vertical wells that produce less than 90 Mcf per day are exempt from the fee in any operating year. This report uses recent data Hits: 26 |
2020_Impact_Fee_Estimate.pdfand, to a limited extent, the price of natural gas. 2 Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt (stripper wells). Plugged horizontal wells are exempt after remitting the fee in the first year. Vertical wells that produce less than 90 Mcf per day are exempt from the fee in any operating year. This report uses recent data Hits: 26 |
NGIFE-2016.pdfalso 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 the type of well (horizontal or vertical) and, to a limited extent, the price of natural gas. 2 Wells that produce below a certain threshold are exempt from the fee, depending on the type of well and the operating year. Horizontal Hits: 25 |
Impact_Fee_Update_Outlook_2023.pdfof well (horizontal or vertical) and the price of natural gas. Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt (stripper wells). Plugged horizontal wells are exempt after remitting the fee in the first year. Vertical wells that produce less than 90 Mcf per day are exempt from the fee in any operating year. This report (1) analyzes calendar Hits: 25 |
2021_Impact_Fee_Estimate.pdfand, to a limited extent, the price of natural gas. 2 Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt (stripper wells). Plugged horizontal wells are exempt after remitting the fee in the first year. Vertical wells that produce less than 90 Mcf per day are exempt from the fee in any operating year. This report uses recent data Hits: 25 |
RB-2019-01.pdfalso 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 year. Proceeds from the and, to a limited extent, the price of natural gas. 2 Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt. Plugged horizontal wells are exempt after remitting the fee Hits: 23 |
NGIFE-2018.pdfalso 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 year. Proceeds from the vertical) and, to a limited extent, the price of natural gas. Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt. Plugged horizontal wells are exempt after remitting the fee Hits: 23 |
Impact-Fee-Estimate-2019.pdfand, to a limited extent, the price of natural gas. 2 Horizontal wells in operating years four or greater that produce less than 90 Mcf (thousand cubic feet) per day are exempt (stripper wells). Plugged horizontal wells are exempt after remitting the fee in the first year. Vertical wells that produce less than 90 Mcf per day are exempt from the fee in any operating year. This research brief uses recent Hits: 23 |
Five_Year_Outlook_2020.pdfPage 10 Although many factors drive economic growth, four state metrics are key to the forecast: (1) real gross domestic product (GDP, excludes inflation), (2) the Philadelphia consumer price index (CPI-U), (3) wages and salaries and (4) the annual change growth is typically measured by the change in real GDP, which represents the value of all final goods and services produced by the state economy during a calendar year. For CY 2020, pre- liminary data reveal a significant economic contraction (data Hits: 23 |
RB 2019 Natural Gas Royalties.pdfrate of 12.5 percent of the market value of the sale. 1 Some contracts allow firms to deduct post-production costs from gross revenues prior to the application of the relevant royalty rate. Post-production costs reflect various expenses incurred to bring the gas from the wellhead to the point of sale and include costs Hits: 22 |
TC_2021_Resource_Enhancement_and_Protection.pdfIFO reviewed five tax credits: the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zones Tax Credits. The act requires the IFO to submit tax credit reviews to the Performance- IFO reviewed five tax credits: the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zones Tax Credits. The act requires the IFO to submit tax credit reviews to the Performance- Hits: 21 |
Five_Year_Outlook_2019.pdfmetrics provide insight that analysts use to gauge the performance of a state economy: (1) real gross domestic product (GDP, excludes inflation), (2) nominal GDP, (3) statewide wages and salaries, (4) the regional consumer price index (CPI-U) and (5) the typically measured by the change in real GDP, which represents the value of all final goods and services produced by the state economy during a calendar year. Real economic growth is a function of the change in employ- ment and labor Hits: 21 |
TC_2020_Research and Development Tax Credit.pdfwages. Increase entrepreneurial activity as evidenced by the number of small, start-up firms that bring new products or services to market. Administration The Pennsylvania DOR administers the RDTC and reviews applications. Applicants must submit RDTC ap- plications electronically through awards. Sector Number of Firms Dollar Award (000s) Average Award Construction 79 $2,073 $26,200 Manufacturing Food Products 34 821 24,100 Paper Products 17 501 29,500 Pharmaceutical-Medicine 67 15,596 232,800 Plastics 42 927 22,100 Hits: 20 |
NGQU_2023_Q2.pdfProtection (DEP), the U.S. Energy Information Administration and Natural Gas Intelligence to provide a quarterly update on natural gas production and prices. The table below shows recent trends in quarterly unconventional production volume, well counts and average spot prices for Pennsylvania. Notable trends for 2023 Q2 include: ▪ Production volume totaled 1,859 Hits: 20 |
NGIFE-2015.pdfalso translates the impact fee into an annual average effective tax rate (ETR) based on recent natural gas price and production data. The ETR is a metric that quanti Ðies the implicit tax burden imposed by the impact fee in a of well (horizontal or vertical) and, to a limited extent, the average annual price of natural gas. 2 Wells that produce less than 90 Mcf (thousand cubic feet) per day on average are known as “stripper wells.” Horizontal wells in operating Hits: 20 |
IFO_Hearing_Materials_March_2023.pdf9,389 6.4 Nonmotor 8,499 6.4 Motor Vehicle 890 6.6 Cigarette 572 -11.0 Other Tobacco Products 102 2.3 Malt Beverage 15 -0.6 Liquor 301 3.4 Personal Income 10,364 7.9 Withholding 8 Amount (millions) Growth Rate Independent Fiscal Office 13 March 2023 Energy Trends Energy Trends 2019 Rank 2022 Rank Natural gas production (bcf) 1 6,815 2 7,450 2 Impact Fee Collections ($ millions) 2 $200.4 -- $274.8 -- Coal production (million Hits: 20 |
Economic_and_Revenue_Update_2020.pdfNet Revenues ............................................................................................................ 17 Gaming Expansion Revenues .................................................................................................................. 18 State and Local Tax Burden Comparison ........................................................................................... 19 Property Tax Data ....................................................................................................................................... 20 Natural Gas Production and Spot Prices ............................................................................................ 21 Natural Gas Price Trends ($/mmbtu) ................................................................................................... 22 SERS and PSERS Employer Contributions Rates and Funding Ratios ...................................... 23 Pennsylvania Commission on Crime and Delinquency (January 2019) PBB Plan: Juvenile Court Judges’ Commission (January 2019) Tax Credit Reviews Film Production Tax Credit (January 2019) Historic Preservation Tax Credit (January 2019) New Jobs Tax Credit (January 2019) Wage Contracts UFCW Wage Hits: 20 |
NGQU_2023_Q1.pdfEnvironmental Protection (DEP), the U.S. Energy Information Administration and Bentek Energy to provide a quarterly update on natural gas production and prices. The table below shows recent trends in quarterly unconventional production volume, well counts and average spot prices for Pennsylvania. Notable trends for 2023 Q1 include: ▪ Production volume totaled 1,838 Hits: 19 |
Official_Revenue_Estimate_Methodology_2023_06.pdfIndependent Fiscal Office’s publication entitled Official Revenue Estimate: Fiscal Year 2023-24 . The report describes the methodologies used to produce the revenue estimates included in that publication. Questions or comments regarding the contents of this report are welcome and can is different than state personal income reported by the U.S. Bureau of Economic Analysis in the National Income and Product Accounts because personal income is a measure of “economic” income. Economic income is an appropriate and consistent measure of overall Hits: 18 |
Official_Revenue_Estimate_Methodology_2022.pdfIndependent Fiscal Office’s publication entitled Official Revenue Estimate: Fiscal Year 2022-23. The report describes the methodologies used to produce the revenue estimates included in that publication. Questions or comments regarding the contents of this report are welcome and can is different than state personal income reported by the U.S. Bureau of Economic Analysis in the National Income and Product Accounts because personal income is a measure of “economic” income. Economic income is an appropriate and consistent measure of overall Hits: 17 |
Official_Revenue_Estimate_Methodology_2021.pdfIndependent Fiscal Office’s publication entitled Official Revenue Estimate: Fiscal Year 2021-22. The report describes the methodologies used to produce the revenue estimates included in that publication. Questions or comments regarding the contents of this report are welcome and may is different than state personal income reported by the U.S. Bureau of Economic Analysis in the National Income and Product Accounts because personal income is a measure of “economic” income. Economic income is an appropriate and consistent measure of overall Hits: 17 |
Official-Revenue-Estimate-Methodology-2020-6.pdfOffice’s publication entitled Official Revenue Estimate: Fiscal Year 2020-21. The report describes the methodologies used to produce the revenue estimates included in that publication. Questions or comments regarding the contents of this report are welcome and may be submitted than state personal income reported by the U.S. Bureau of Economic Analysis in the National Income and Product Accounts because personal income is a measure of “economic” income. Economic income is an appropriate and consistent measure of overall welfare, but Hits: 17 |
MTR-2016-11.pdf727 $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 the first quarter of 2016. Conversely, data from the Pennsylvania Department of Environmental Protection reveal a significant increase in the production of natural gas during the same period. The chart below shows these trends from the first quarter of 2011 to Hits: 17 |
Five_Year_Outlook_2021.pdfA material correction does not occur in the financial markets. 2019 2020 2021 2022 2023 2024 2025 Real Gross Domestic Product 1.7% -4.5% 4.4% 2.3% 2.1% 2.1% 2.0% Wages and Salaries 4.4% -0 Statistics. Forecast by IFO. Economic Outlook | Page 10 Economic growth is typically measured by the growth in real Gross Domestic Product (GDP), which measures the value of all final goods and services produced by the state economy. The data show a Hits: 17 |
Budget Hearings Packet.pdfdetail 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 Revenue Review. Published after each quarter Hits: 17 |
Budget Hearings Packet- Web Version.pdfdetail 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 Revenue Review. Published after each quarter Hits: 17 |
TC_2020_Keystone_Innovation_Zone_Tax_Credit.pdffor- profit firms located within a KIZ that have been in operation for less than eight years and produce propri- etary technology within a targeted industry sector. 1 The credit is equal to 50 percent of the increase in gross revenue within the geographic bound- aries of a KIZ, (2) in operation for less than eight years and (3) produces or cultivates unique proprietary technology within a targeted industry sector. 3 A KIZ firm is eligible for a credit equal to 50 Hits: 16 |
Official-Revenue-Estimate-Methodology-2019-06.pdfOffice’s publication entitled Official Revenue Estimate: Fiscal Year 2019-20. The report describes the methodologies used to produce the revenue estimates included in that publication. Questions or comments regarding the contents of this report are welcome and may be submitted than state personal income reported by the U.S. Bureau of Economic Analysis in the National Income and Product Accounts because personal income is a measure of “economic” income. Economic income is an appropriate and consistent measure of overall welfare, but Hits: 16 |
IFO - Economic and Budget Outlook - January 2012.pdfreport. The Independent Fiscal Office would like to thank all of the individuals, agencies and organizations who assisted in the production of this report. Staff making significant contributions to this report include Mark Ryan and Jennifer Boger. Questions and comments can of revenue and expenditure projections relative to a larger economic series such as total state output (i.e., gross state product) or total state income (i.e., personal income). These larger series reflect the overall performance of the economy and also Hits: 16 |
ACN_SB1_A01354_A01558_2017_06_03a.pdfIFO selected an enrolled actuary (Milliman, Inc.) to prepare the actuarial note, and a copy of the actuary’s work product follows page 33 of this transmittal document. In addition, this transmittal includes attached cost notes and supplemental letters prepared by The retirement plans administered by the Systems are defined benefit (DB) plans that provide re- tirement benefits based on the product of three components: (1) a member’s final average salary, (2) a member’s years of accumulated service credit and Hits: 16 |
WJ-Presentation-Natural-Gas-7-14-20.pdf1 Center for Energy Policy & Management Washington & Jefferson College Impact Fee July 14, 2020 2 Per well 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 the fee if producing less than a certain amount. Fees remitted each spring and disbursed each summer to various entities Set amounts go Hits: 15 |
Five_Year_Outlook_2022.pdfbecause the state economy is less volatile than the U.S. Economic growth is typically measured by real Gross Domestic Product (GDP, excludes inflation), the value of all final goods and services produced by the state economy. Projected real GDP growth is flat for CY 2023 and then reverts to a long-term Hits: 14 |
ACN_SB1071_A10803_text.pdfthird of his total compensation received during the first three years of such subsequent credited school service and multiplying the product by the number of years and fractional part of a year of creditable nonintervening military service being purchased together with creditable nonschool service to his total compensation received during the first year of subsequent credited school service and multiplying the product by the number of years and fractional part of a year of creditable nonschool service being purchased together with statutory Hits: 14 |
RB-2016-02.pdftax pyramiding (i.e., tax is paid at each level of the supply chain: from raw materials to the Ðinal product purchased by consumers). 3. Only includes state‐funded programs. The report focuses on economic development incentives that are funded by by a contracting authority and are paid with speci‐ Ðied state and local tax revenues attributable to the zone. Film Production Tax Credit $60,000 $60,000 Provides a 25 percent tax credit for incurred production expenses on a Ðilm, television Hits: 13 |
PBB_2020_DCED_REPORT.pdfprogram to enhance research, provide education and training, and facilitate the development of high quality and commercially viable products. 14-15 15-16 16-17 17-18 18-19 19-20 BFTD Partners (Challenge Grants) Spending (actual) $14.5 $14.5 Private funds leveraged $521 $448 $434 $390 $556 -- # New tech. companies 83 48 168 189 155 150 # New products 2 441 395 682 573 -- -- Venture Investment Prog. (Loans) Spending (actual) $1.5 -- $10.5 $11.0 $6.5 -- # Jobs created 557 Hits: 13 |
SUT Exemption for Aircraft - January 2013.pdfwhile the Department of Commerce uses the data to track wages and salaries for the National Income and Product Accounts (NIPAs). It is noted that the database constructed from QCEW data may be an imprecise measure of the true size of be smaller or larger depending on the relevant good or service under consideration. For example, certain firms may produce aircraft parts, but those parts might comprise a relatively small portion of their total output and they would not be included in Hits: 12 |
index.cfmProtection, the U.S. Energy Information Administration and Natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices. ... (Full Report) August 2023 Revenue Update Revenue & Economic Update September 01, 2023 The Environmental Protection, the U.S. Energy Information Administration and Bentek Energy to provide a quarterly update on recent trends in production volume, well counts and average spot prices. ... (Full Report) Initial Revenue Estimate FY 2023-24 Revenue Estimates May 24, 2023 Hits: 12 |
TC_2020_Mobile Telecommunications Broadband Investment Tax Credit.pdfin unserved or underserved geographic areas. Under those conditions, it is widely believed that the expanded service does produce positive economic and social impacts for affected residents and businesses. The Pennsylvania MTBI credit differs from incentives reviewed in most studies because between the size of an economic development incentive (includes grants, exemptions and tax credits) relative to the total production costs or “value-added” of a firm. 13 Given the relative size of the MTBI subsidy, the research cited by JLARC suggests Hits: 11 |
PBB_2022_DLI_REPORT.pdfto 2019 but worked on average 50 hours per week during the fiscal years impacted by the pan- demic. Normal production dropped as staff shifted to process UC claims. The figure above presents the UC Trust Fund balance and indebtedness from 106 8,670 -62% Additional UC Taxes Collected 2 $9.8 $2.3 -77% Pandemic Changes Tax Agent Workload and Production 1 Weekly hours 2016-2019 reflects FYs 2016-17 to 2018-19, 2020 reflects FYs 2019-20 and 2020-21 Hits: 11 |
Economic_and_Revenue_Update_2021.pdfand is a year-over-year rate. Small Business Income is called Proprietor's Income in the National Income and Product Accounts. It includes sole proprietors, partnerships and self-employed, but excludes S corporations. Wages and Salaries for 2020 Q4 is online growth Motor Vehicle 1,164 14.1 pent-up demand Cigarette 705 0.9 sales strong nationally Other Tobacco Products 89 1.9 Malt Beverage 15 -1.5 Liquor 277 2.9 Personal Income 9,840 -0.5 Withholding 6 Hits: 11 |
2013_special_report_funding_and_reforming_public_employee_retirement_systems.pdf20.00% $12,577,235,244 $2, 141,529,244 $284 Likewise, increases in the state sales tax could also produce significant additional revenue. Table 2 displays an estimate of the effect of increasing the state sales tax in ¼ percent absence of a specific benefit proposal. Investment risk for participants can be reduced by the appropriate use of guaranteed investment products. 13 5% floor based on 2010 Final IRS and Proposed Cash Balance Regulations. 6-7% returns based on current 14 Hits: 11 |
2013-10 Monthly Economic Summary.pdf65 3.60 3.39 2.2% 1.1% 1.1% delayed Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. econo- my. Excludes inflation. 1 Note: The GDP series was 5.4% 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 Hits: 11 |
Tax_Credit_and_PBB_Overview_2019-01-24.pdfTax Credit Reviews Historic Preservation Film Production New Jobs Presentation to the Performance-Based Budget Board January 24, 2019 Act 48 of 2017 – Tax Credit Duties The findings, (2) recommendations and (3) key decision points. Year 1 review schedule: Historic Preservation Tax Credit (HPTC). Film Production Tax Credit (FPTC). New Jobs Tax Credit (JCTC). January 24, 2019 1 Tax Credit Methodology Meet with stakeholders and Hits: 10 |
TaxCredit and PBB Overview- 2019-01-24.pdfTax Credit Reviews Historic Preservation Film Production New Jobs Presentation to the Performance-Based Budget Board January 24, 2019 Act 48 of 2017 – Tax Credit Duties The findings, (2) recommendations and (3) key decision points. Year 1 review schedule: Historic Preservation Tax Credit (HPTC). Film Production Tax Credit (FPTC). New Jobs Tax Credit (JCTC). January 24, 2019 1 Tax Credit Methodology Meet with stakeholders and Hits: 10 |
Revenue_Estimate_2022_06.pdfexpenses. Federal funds subject to General Fund appropriation are stated separately. A separate report that describes the methodologies used to produce the various revenue estimates included in this report will be posted to the office website. Questions or comments regarding the forecast for the primary economic variables used for this revenue estimate. The forecast assumes that: ▪ Real GDP (real gross domestic product, excludes inflation) increases by 1.1% (2022) and 0.5% (2023). ▪ Wages and Salaries paid to Pennsylvania residents increases by Hits: 10 |
Revenue_Estimate_2022_05.pdfexpenses. Federal funds subject to General Fund appropriation are stated separately. A separate report that describes the methodologies used to produce the various revenue estimates included in this report will be posted to the office website after the final estimate is forecast for the primary economic variables used for this revenue estimate. The forecast assumes that: ▪ Real GDP (real gross domestic product, excludes inflation) increases by 1.4% (2022) and 0.9% (2023). ▪ Wages and Salaries paid to Pennsylvania residents increases by Hits: 10 |
MSC_March_31_2022.pdftaking hold? Natural gas trends ▪ National and regional prices remain high | impact fee is elevated ▪ Will international demand impact PA production? March 31, 2022 2 FYTD Revenues (Adjusted for Delayed Due Dates) March 31, 2022 3 Actual Revenues ($ millions) Amount (e 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 7,090 7,567 Growth Rate 10.8% 5.3% 14 Hits: 10 |
Monthly_Economic_Update_August_2021.pdfstimulus 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 levels in monthly price exceeded $4.00 since 2014. According to the latest data from the Department of Environmental Protection (DEP), Pennsylvania production from January to May 2021 increased by 5.6% from the same period in 2020. For comparison, production from January Hits: 10 |
IFO_Hearing_8-30-2017.pdfyear budget projections in November. Related to revenues, the state economy is performing as expected. Through July, the labor market produced 62,800 net jobs (preliminary, average gain) relative to the same time period last year. That is a solid figure 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 Revenue Review Hits: 10 |
2002_dbdc_report.pdfexpress its sincere appreciation to the staffs of the public employee retirement systems, institutes, and associations that contributed to the production of this report. Particular recognition is due to the legal staffs of the State Employees' Retirement System and the Public and Defined Contribution Approaches Topic Defined Benefit Defined Contribution Form of Benefit Benefit is determined by a formula that usually produces a percentage of salary to be provided in the form of a life-time annuity. Other equivalent benefit forms, other Hits: 10 |
TC_2019_New_Jobs_Tax_Credit_Report.pdfa five- year period. For the first year, the IFO reviewed three tax credits: the Historic Preservation, Film Production and Jobs Creation tax credits. The act requires the IFO to submit tax credit reviews to the Performance- Based Budget Board and five- year period. 2 For the first year, the IFO reviewed three tax credits: the Historic Preservation, Film Production and Jobs Creation Tax Credits. The act requires the IFO to submit tax credit reviews to the Performance- Based Budget Board and Hits: 9 |
TaxCredit and PBB Overview- 2019-01-24.pptxTax Credit Reviews Historic Preservation Film Production New Jobs Presentation to the Performance-Based Budget Board January 24, 2019 1/24/2019 0 Act 48 of 2017 IFO: (1) findings, (2) recommendations and (3) key decision points. Year 1 review schedule: ▪ Historic Preservation Tax Credit (HPTC). ▪ Film Production Tax Credit (FPTC). ▪ New Jobs Tax Credit (JCTC). January 24, 2019 1 Tax Credit Methodology Meet with stakeholders and agency Hits: 9 |
Senate Appropriations Response Letter 3-6-2020.pdf6, 2020 Page 2 Senator Haywood asked which Pennsylvania income groups have benefited from the recent growth in gross domestic product. To examine this issue, the IFO used data from the U.S. Census Bureau’s American Community Survey (ACS) for the IFO using the following categories as outlined in the program guidelines: Value-Added Processing - transforming milk into a product of higher economic value in the marketplace for food or non-food use. Marketing and Promotion - increasing the domestic Hits: 9 |
Revenue-Estimate-2019-05.pdffunds subject to General Fund appropriation are stated separately. A separate report that describes the methodologies used to produce the various revenue estimates included in this report will be posted to the office website after the final estimate is released. Questions a more moderate pace of jobs creation. The Pennsylvania forecast projects that: Real GDP (real gross domestic product, excludes inflation) will increase by 1.9 percent (2019) and 1.9 percent (2020). Wages and Salaries paid to Pennsylvania residents Hits: 9 |
RB-2015-02-annual_vs_lifetime_ETR.pdfthe well exceeds the drilling cost. Exemptions. Certain wells may be exempt from tax based on the level of production. The most common type of exemption is for “stripper” wells (production falls below a specified level). Effective Tax Rate – The rate of tax after all statutory rates and special provisions are Hits: 9 |
RB-10-2020-Economic_Development_Incentives.pdfCredits are available to eligible businesses that contribute to an educational scholarship or improvement organization. Utilization of the Film Production Tax Credit ($63.0 million) has been stable over the last six years with a slight increase in FY 2019-20. The program was created to incentivize film and television production in Pennsylvania and has been modified numerous times. Most recently, Act 13 of 2019 increased the annual program cap to Hits: 9 |
Official-Revenue-Estimate-2019-06.pdffunds subject to General Fund appropriation are stated separately. A separate report that describes the methodologies used to produce the various revenue estimates included in this report will be posted to the office website. Questions or comments regarding the contents of creation. The Pennsylvania forecast for calendar years 2019 and 2020 projects that: Real GDP (real gross domestic product, excludes inflation) will increase by 1.9 percent each year. Wages and Salaries paid to Pennsylvania residents will increase by 4 Hits: 9 |
MSC_March_31_2021.pdfSource: 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 6,815 7,090 Growth Rate 13.0% 10.8% 5 112 10,438 Average Fee Per Well $23,838 $21,340 $24,607 $24,774 $19,818 $13,882 Notes: Production and drilling amounts from DEP. PA spot price is a weighted annual average at major Pennsylvania hubs. NYMEX price is Hits: 9 |
IFO_Hearing_Packet_Feb2019.pdf11 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 2019) PBB Plan: Juvenile Court Judges’ Commission (January 2019) • Tax Credit Reviews Neighborhood Assistance Program Tax Credit (April 2018) Film Production Tax Credit Review (January 2019) Historic Preservation Tax Credit Review (January 2019) New Jobs Tax Credit Review (January 2019) • Wage Hits: 9 |
2006_surviving_spouse_healthcare_study.pdfs Office of Administration, the State Employees’ Retirement System, and to the other organizations and individuals that contributed to the production of this report. INTRODUCTION vii House Resolution Number 161 directed the Public Employee Retirement Commission to study and report on assump- tions (discount rates) can generally be used only by entities that fund their liabilities as they accrue, which will produce significantly lower liabilities and accrual costs. Since funding, or the lack thereof, will influence the account- ing results, there may Hits: 9 |
2000_cost_of_living_adjustments.pdfaddress a recurring need. Automatic postretirement adjustments eliminate the need for policymakers to revisit the same issue periodically, which can produce design inconsistencies and attendant benefit inequities. Automatic postretirement adjustments are not well suited for providing remedial or welfare postretirement adjustments retirement benefits. Under a proportional method, the adjustments may be calculated in a simple or compound manner. “Simple” adjustments are produced when the calculation is based solely on the original pension benefit, excluding any subsequently granted postretirement adjustments. When the benefit Hits: 9 |
Revenue-Proposal-Analysis-2020-04.pdfsufficiently interdependent, integrated and interrelated through their activities so as to provide a synergy and mutual benefit that produces a sharing or exchange of value among them and a significant flow of value to the separate parts. Source: “Allocation and Apportionment not enact combined reporting. As an update to that analysis, the IFO reviewed CNIT collections and gross domestic product (GDP) data for three large states (Massachusetts, New York and Wisconsin) that implemented combined reporting since 2006 to determine the impact that Hits: 8 |
RB-2017-5.pdfand (3) sales and use tax. Those revenue sources are compared to three state economic metrics: (1) nominal gross domestic product (GDP), (2) personal income and (3) payroll employment. 2 A brief description of the three economic metrics is as follows: Gross Domestic Product (GDP) The value of all final goods and services produced by the state economy. It measures total economic output and Hits: 8 |
PBB_2023_DCNR_REPORT.pdfState Forests The department protects, conserves and manages 2.2 million acres of state forest land. Land management includes revenue-producing activities such as oil and gas and timber production. Oil and gas revenues totaled $123 million in FY 2021-22, an increase of $56 million (86%) from the prior Hits: 8 |
PBB_2020_DEP_Report.pdfneed to train current and new employees during the transition to electronic platforms. Policymakers should continue to monitor produc- tivity metrics to ensure that further efficiencies and cost savings are realized throughout the department. Compared to other states, a high share related activities. The office (1) develops policy and programs for the regulation of oil and gas development and production, (2) oversees the oil and gas permitting and inspection programs, (3) develops statewide regulations and standards, (4) conducts training programs for industry Hits: 8 |
MTR-2015-11.pdffrom 2005 ($22.3 billion). The export growth rate outpaced that of the Pennsylvania economy (measured by state gross domestic product), which grew at an average rate of 3.1% per annum over the same time period. The figure below displays basic chemicals (5.4% AAGR) comprise roughly three- quarters of this commodity. Transportation equipment is the next largest export. Aerospace products and parts (10.3% AAGR) comprises 43% of the transportation equipment total. Other large subcategories include railroad rolling stock (4 Hits: 8 |
2013-08 Monthly Economic Summary.pdf3.63 3.65 1.4% 1.5% 1.5% n.a. Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. econo- my. Excludes inflation. 1 Note: The GDP series was a. -0.1% 2.8% 2.4% 3.7% 5.3% 5.6% 5.4% 5.5% Snapshot: Gross Domestic Product Revisions Independent Fiscal Office Commonwealth of Pennsylvania Gross domestic product (GDP) is one of the most closely followed economic indicators Hits: 8 |
TC_2021_Neighborhood_Assistance_Program.pdfIFO reviewed five tax credits: the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credits. The act requires the IFO to submit tax credit reviews to the Performance- IFO reviewed five tax credits: the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credits. The act requires the IFO to submit tax credit reviews to the Performance- Hits: 7 |
TC_2021_Keystone_Special_Development_Zones_Update.pdfIFO reviewed five tax credits: the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zones Tax Credits. The act requires the IFO to submit tax credit reviews to the Performance- IFO reviewed five tax credits: the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zones Tax Credits. The act requires the IFO to submit tax credit reviews to the Performance- Hits: 7 |
State_Tax_Comparison_2020_11.pdftax returns by state (published by the IRS) and Tables SAINC4 and SAINC40 from the National Income and Product Accounts. The U.S. Bureau of Economic Analysis publishes state personal income data. 2 Capital gains, IRA withdrawals and pension data are states, the ratio of the dollar amounts for the “Food Service and Accommodations” sector for state gross domestic product (based on location of service provided) compared to amounts reported for state personal consumption expenditures (based upon the consumer’s state of Hits: 7 |
Revenue_Proposal_Analysis_2023_05.pdfBudget proposes to legalize cannabis for adult use and impose a 20% excise tax on the wholesale price of the product. The revenue estimate assumes an effective date of January 1, 2025, and that retail sales of cannabis would also be to be used for traditional highway/bridge projects. Beginning July 1, 2023, liquor tax and the tax on other tobacco products would be deposited into the new fund. In addition, revenues from motor vehicle SUT would be transferred into the PSPF Hits: 7 |
Revenue-Estimate-2023-05.pdfexpenses. Federal funds subject to General Fund appropriation are stated separately. A separate report that describes the methodologies used to produce the various revenue estimates included in this report will be posted to the office website after the final estimate is forecast published by IHS Markit, Wells Fargo and PNC Bank. Across the three forecasts: Real GDP (real gross domestic product, excludes inflation) increases from 1.2% to 1.3% (CY 2023) and from -0.4% to 0.9% (CY 2024 Hits: 7 |
RB 2019 RACP.pdfOctober 2019 Independent Fiscal Office Page 2 All projects must also follow requirements under the competitive bidding process, Pennsylvania Steel Products Procurement Act, Trade Practices Act, public works contractors’ bond law, the Pennsylvania Prevailing Wage Act, the Americans with Disabilities Act capita figures calculated by the IFO using U.S. Census Bureau population data for 1990, 2000, 2010 and 2018 to produce an average population value across that time span. Table 2 RACP Awards by County Grants Awarded Cumulative Value Average Award Hits: 7 |
PBB_Board_Hearing_Apr_26_2021.pdfpollution from agricultural operations ▪ EEEP – increases economic activity in the live entertainment sector ▪ VGP – encourages expansion of the video game production industry ▪ KSDZ – redevelopment of former industrial sites Many positive outcomes cannot be easily measured ▪ Social impacts (i.e., positive externalities rates for effectiveness ▪ Tax credit should be made refundable | nearly all credits are sold April 26, 2021 9 Video Game Production (VGP) Enhance economic activity related to video game production ▪ Credit = 25% first 4 years, 10% thereafter | avg project = 2.2 Hits: 7 |
PA_Turnpike_Toll_Projections_May_31_2013.pdfannual growth rates for CY 2013 to CY 2024 for relevant forecasts. Pertinent results include: Pennsylvania real gross state product (GSP) increases at an average rate of 2.2 percent per annum. Real GSP measures the total output of the Mainline passenger transactions, the analysis uses a logarithmic regression that includes the following explanatory variables: (1) regional real gross state product, (2) the real toll rate for a Class 1 passenger vehicle and (3) a dummy variable for 2009. 22 The Hits: 7 |
Official-Revenue-Estimate-2018-06.pdffunds subject to General Fund appropriation are stated separately. A separate report that describes the methodologies used to produce the various revenue estimates included in this report will be posted to our website. Questions or comments regarding the contents of this Act (TCJA) of 2017. (See Table 1.1.) The forecast projects that: Real GDP (real gross domestic product, excludes inflation) will increase by 2.3 percent (2018) and 2.2 percent (2019). The Philadelphia and Pittsburgh CPI-U (consumer Hits: 7 |
Initial-Revenue-Estimate-2018-05.pdffunds subject to General Fund appropriation are stated separately. A separate report that describes the methodologies used to produce the various revenue estimates included in this report will be posted to the office website after the final esti- mate is released Act (TCJA) of 2017. (See Table 1.1.) The forecast projects that: Real GDP (real gross domestic product, excludes inflation) will increase by 2.3 percent (2018) and 2.2 percent (2019). The Philadelphia and Pittsburgh CPI-U (consumer Hits: 7 |
IFO_Hearing_Materials_Feb_22_2022.pdf214 12.5 Nonmotor 7,154 14.4 Motor Vehicle 1,060 1.3 Cigarette 572 -0.6 Other Tobacco Products 88 12.7 Malt Beverage 13 -5.9 Liquor 260 6.0 Personal Income 10,200 41.2 Withholding 6 514 10,851 Average Fee Per Well $21,340 $24,607 $24,774 $19,818 $13,915 $21,546 PA Production (bcf) 3 5,096 5,364 6,123 6,815 7,092 7,600 Growth Rate 10.8% 5.3% Hits: 7 |
2013-06 Monthly Economic Summary - FINAL.pdf3.54 3.53 1.3% 1.1% 1.1% n.a. Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. econo- my. Excludes inflation. 1 Personal Income The year-over- Analysis (within the Pennsylva- nia Department of Labor and Industry) has identified six core industries for natural gas and oil production in the Marcellus Shale. Employment in these core indus- tries has grown from approximately 6,600 to 25,000 individuals Hits: 7 |
Tax_Credit_and_Other_Incentives_2022.pdfFY 2022-23, the program estimate is $114 million. • Taxpayers claimed $66.9 million and $8 million for the Film Production Tax Credit and the Entertainment Economic Enhancement Program, respectively. Act 53 of 2022 increased the Film Tax Credit cap from 0 114.0 Neighborhood Improvement Zone (NIZ) 45.6 40.5 61.1 46.6 69.3 71.2 Film Production 60.4 60.9 63.0 65.1 66.9 100.0 Educational Opportunity Scholarship 32.6 32.6 33 Hits: 6 |
State_Tax_Comparison_2023_02.pdffederal income tax returns by state (published by the IRS) and Tables SAINC4 and SAINC40 from the National Income and Product Accounts. 2 Capital gains, IRA withdrawals and pension data are from the “SOI Tax Stats – Historic Table 2” (IRS). Those For those states, the ratio of the dollar amounts for the “Food Service and Accommodations” sector for state gross domestic product (based on location of service provided) compared to amounts reported for state personal consumption expenditures (based upon the consumer’s Hits: 6 |
State_Tax_Comparison_2022_01.pdffederal income tax returns by state (published by the IRS) and Tables SAINC4 and SAINC40 from the National Income and Product Accounts. The U.S. Bureau of Economic Analysis publishes state personal income data. 2 Capital gains, IRA withdrawals and pension For those states, the ratio of the dollar amounts for the “Food Service and Accommodations” sector for state gross domestic product (based on location of service provided) compared to amounts reported for state personal consumption expenditures (based upon the consumer’s Hits: 6 |
State-Tax-Comparison-2020-01.pdftax returns by state (published by the IRS) and Tables SAINC4 and SAINC40 from the National Income and Product Accounts. The U.S. Bureau of Economic Analysis publishes state personal income data. 2 Capital gains, IRA withdrawals and pension data are states, the ratio of the dollar amounts for the “Food Service and Accommodations” sector for state gross domestic product versus state personal consumption expenditures was much higher than the overall U.S. average. That outcome implies that state production of those Hits: 6 |
Revenue_Proposal_Analysis_2021_04.pdfis detailed in Figure 1.2. The test compares the difference in average growth rates for private state gross domestic product (GDP) and CNIT revenues for three combined reporting states, 11 control states and the U.S. from 2005 to 2017 mandatory combined reporting would have an “unknown and potentially significant positive General Fund revenue impact.” 9 Based on the estimate produced by Maryland, Virginia estimated that combined reporting could increase General Fund revenue by $60 to $80 million annually, or a Hits: 6 |
Revenue_Estimate_2023_06.pdfexpenses. Federal funds subject to General Fund appropriation are stated separately. A separate report that describes the methodologies used to produce the various revenue estimates included in this report will be posted to the office website. Questions or comments regarding the forecast published by IHS Markit, Wells Fargo and PNC Bank. Across the three forecasts: Real GDP (real gross domestic product, excludes inflation) increases from 1.4% to 1.6% (CY 2023) and from -0.2% to 1.3% (CY 2024 Hits: 6 |
Revenue_Estimate_2021_05.pdftop portion) and the forecast used for this revenue estimate. The current forecast assumes that: ▪ Real GDP (real gross domestic product) increases by 3.6% (2021) and 2.4% (2022). ▪ Wages and Salaries paid to Pennsylvania residents increases by 6.7% entertainment options (e.g., streaming services, at-home gyms, food de- livery services). ▪ Businesses largely revert to prior hiring and production operations, but many have streamlined operations and implemented more liberal telework policies. They have also permanently raised wages for certain Hits: 6 |
Revenue-Estimate-2020-05.pdffederal funding related to the outbreak of COVID-19. A separate report that describes the methodologies used to produce the various revenue estimates included in this report will be posted to the office website after the final estimate is released. Questions Pennsylvania economic forecast used for this revenue estimate. The forecast assumes that: Real GDP (real gross domestic product, excludes inflation) decreases by 6.2 percent (2020) and increases by 6.3 percent (2021). Wages and Salaries paid to Pennsylvania Hits: 6 |
PICPA_Presentation.pdfincludes 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% 2.1% Hits: 6 |
PBB_2021_PSP_REPORT_ADDENDUM.pdf21 Intelligence Requests for intelligence (000s) 1 29.1 38.2 38.3 38.0 37.4 38.0 Intelligence products disseminated (000s) 1 54.7 57.7 57.6 57.1 56.7 57.7 Department Watch Center immediate reports the Western Pennsylvania All Haz- ards Fusion Center increased from 29,100 to 37,400 while the number of intelligence products dissemi- nated increased from 54,700 to 56,700. During the same period, the number of local LEAs receiving in- Hits: 6 |
PBB_2019_DGS_Report.pdfare organically meaningful to those who are doing the work and to those who are receiving the end products and services. While our goal is to drive improvements in outcome measures that our custom- ers care about, many current metrics are by multiplying the amount of spending under the new contract on an annual basis by the percent savings produced by the new spending contract compared to the original spending contract. Invitation for bid (IFB). The number of solicitations issued where Hits: 6 |
Official-Revenue-Estimate-2020-06.pdffederal funding related to the outbreak of COVID-19. A separate report that describes the methodologies used to produce the various revenue estimates included in this report will be posted to the office website. Questions or comments regarding the contents of Pennsylvania economic forecast used for this revenue estimate. The forecast assumes that: Real GDP (real gross domestic product, excludes inflation) decreases by 5.6 percent (2020) and increases by 5.5 percent (2021). Wages and Salaries paid to Pennsylvania Hits: 6 |
Monthly_Economic_Update_November_2021.pdfProducer and Consumer Inflation Accelerate in October This week, the U.S. Bureau of Labor Statistics (BLS) released October data for the Producer Price Index (PPI, final demand) and Consumer Price Index (CPI). Based on the BLS description, the PPI is an index Hits: 6 |
Monthly_Economic_Update_May_2021.pdfto determine the workers who benefited from the strong wage growth. Employee compensation comprises 55% of total state gross domestic product (GDP, the value of what is produced) and most compensation is wage expenses. Data from the BEA show that wages comprise a much larger share of GDP Hits: 6 |
June_Revenue_Estimate_2021.pdftop portion) and the forecast used for this revenue estimate. The current forecast assumes that: ▪ Real GDP (real gross domestic product) increases by 3.8% (2021) and 2.4% (2022). ▪ Wages-Salaries paid to Pennsylvania residents increases by 6.4% (2021 entertainment options (e.g., streaming services, at-home gyms, food de- livery services). ▪ Businesses largely revert to prior hiring and production operations, but many have streamlined operations and implemented more liberal telework policies. They have also permanently raised wages for certain Hits: 6 |
Congressional_Budget_Office_Nov_15_2022.pdfProvides Baseline Budget and Economic Projections 3 For additional information, see www.cbo.gov/cost-estimates. CBO is required to produce a formal cost estimate for nearly every bill approved by a full committee. The agency usually produces 600 to 800 cost estimates each year. Those estimates include the impact of federal mandates on state, local, and tribal Hits: 6 |
TC_2019_Historic_Preservation_Tax_Credit_Report.pdfa five- year period. For the first year, the IFO reviewed three tax credits: the Historic Preservation, Film Production and Jobs Creation Tax Credits. The act requires the IFO to submit tax credit reviews to the Performance- Based Budget Board and five-year period. 2 For the first year, the IFO reviewed three tax credits: the Historic Preservation, Film Production and Jobs Creation Tax Credits. The act requires the IFO to submit tax credit reviews to the Performance- Based Budget Board and Hits: 5 |
Revenue-Proposal-Analysis-2019-03.pdfsufficiently interdependent, integrated and interrelated through their activities so as to provide a synergy and mutual benefit that produces a sharing or exchange of value among them and a significant flow of value to the separate parts. Source: “Allocation and Apportionment generally confirm established research that finds higher minimum wages increase employee productivity and reduce turnover. Both factors should produce employer cost savings. 24 Some researchers use full-time jobs only, in which case the median wage for Pennsylvania is $21.15 Hits: 5 |
RB_2021_11_Economic_Development_Incentives.pdf8 $179.5 Keystone Opportunity Zone (KOZ) 98.4 78.0 92.1 95.1 84.3 85.8 Film Production 41.2 60.0 60.4 60.9 63.0 65.1 Research and Development 61.0 61.1 45 3.0 3.0 Waterfront Development 0.0 0.0 0.0 0.0 0.2 1.5 Video Game Production 0.0 0.0 0.3 1.0 1.0 1.0 Tax Credit for New Jobs 6.5 10 Hits: 5 |
RB 2019 County Income Patterns.pdfcounties 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 natural gas royalty income may have comprised between 10 to 15 percent of state taxable income in certain large gas producing counties. Independent Fiscal Office Page 3 Per Capita Personal Income Growth Figure 2 does not control for county population gains Hits: 5 |
platt ppt.pdfcost- effective manner 2 www.bea.gov BEA BEA is the Nation’s economic scorekeeper Measures how much is produced Measures income and how it is allocated to factors of production Measures output by industry Accounts for international transactions 3 www.bea.gov BEA’s Accounts Statistics are compiled Hits: 5 |
PBB_2019_PCCD_Report.pdfState Governments (CSG) Justice Center and the Pew Center on the States. The initial set of JRI reforms produced material population reductions and savings through policy changes in corrections and parole at the back end of the criminal justice system. Launched in late 2015, a second JRI process (JRI-2) produced a set of proposals that focus on the front end of the criminal justice system to cost-effectively improve public safety, reduce Hits: 5 |
PBB_2019_Criminal_Justice_Report.pdfState Governments (CSG) Justice Center and the Pew Center on the States. The initial set of JRI reforms produced material population reductions and savings through policy changes in corrections and parole at the back end of the criminal justice system. Launched in late 2015, a second JRI process (JRI-2) produced a set of proposals that focus on the front end of the criminal justice system to cost-effectively improve public safety, reduce Hits: 5 |
NewsStand_2019_August.pdfthis summer, national and regional prices are at the lowest levels in several years due to continued gains in nationwide production. Pennsylvania, the nation’s second-largest producer of natural gas, produced more gas in the second quarter (April to June) than in any quarter in the state Hits: 5 |
Newsstand_2018_April.pdfpa.us Could Shale Gas Lead To a Manufacturing Boom in Appalachia? A recent article from Forbes magazine discusses the production of shale gas in Pennsylvania and surrounding states and its potential impact on the economy and communities. The article notes that production from the Utica and Marcellus Shale basins will “provide a significant financial advantage” for the region compared to other high- Hits: 5 |
MTR-2017-02.pdfrise of natural gas in the market for electricity generation is due to its competitive price, efficiency advantages and lower production costs. As natural gas comprises a larger share of the market, lower retail electricity prices could materialize as a result electricity, so they would be more likely to seek low-cost suppliers, who benefit from the lower input prices and production costs associated with switching to natural gas. Consequently, lower prices are realized more quickly in those sectors compared to the Hits: 5 |
MTR-2016-09.pdfrelevant for the dairy industry. A major factor in the downturn of dairy prices is falling overseas demand, which has produced a temporary surplus in the U.S. The U.S. dollar has grown stronger relative to the currencies of major the Global Dairy Market Outlook projects that dairy prices will be volatile, but prices should generally recover as foreign dairy production slows. 4 Many factors will affect domestic prices including overseas demand, the relative strength of the U.S. dollar and Hits: 5 |
MQRE-FY19-20-Aug.pdf1,548 Cigarette 58 102 104 93 98 104 58 81 83 -27 94 101 948 Other Tobacco Products 11 11 12 11 12 12 10 11 10 11 12 13 135 Malt Beverage 2 2 2 2 2 2 2 increase other miscellaneous revenues by a net of $4.6 million in FY 2019-20. Various Taxes Film Production Tax Credit (Act 13) Various changes to the program include: (1) increasing the amount available for award through the Film Production Tax Hits: 5 |
Monthly_Economic_Update_February_2021.pdfThe Commonwealth levies a $2.60 tax per pack of cigarettes as well as a separate tax on other tobacco products, including e-cigarettes. Historically, state cigarette tax collections fall 3% to 6% each year due to declining consumption. After adjusting 0.6% from July 2020 to February 2021 compared to the same prior-year period. Collections from the other tobacco products tax (July to February) grew 1.2% over the prior year, despite the higher legal age to consume tobacco (raised Hits: 5 |
MER-2015-04.pdfApril 2015 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ average $60 per barrel this summer compared to $107 last summer. The large decline is attributable to increased U.S. production from shale over the last two years. The EIA expects the trend to continue through 2015, with an average price Hits: 5 |
MER-2014-10.pdfOctober 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ a few cents per MMBtu. Natural gas prices are in Ðluenced by several factors that interact dynamically: the pace of production, pipeline capacity, the volume in underground storage, and the weather. Last year’s severe winter caused an unusual depletion of Hits: 5 |
MER-2014-05.pdfMay 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ quarter‐ ly year‐over‐year nominal growth rates for large in‐ dustries within three broader categories of (1) private goods‐producing industries, (2) private ser‐ vices‐producing industries and (3) total government. Of these three broad categories, private services in‐ dustries Hits: 5 |
MER-2013-12.pdfperiod. Monthly Economic Report Independent Fiscal Office - Commonwealth of Pennsylvania December 2013 Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes inflation. 1 Personal Income The year-over-year 5% 5.6% Monthly Economic Report Independent Fiscal Office - Commonwealth of Pennsylvania December 2013 Snapshot: What’s Driving Gross Domestic Product Growth? In the most recent quarter, real U.S. gross domestic product (GDP) grew at an annual rate of 4 Hits: 5 |
Letter_to_JSGC.pdfits final submission without approval, and in certain cases, without notice. Specifically, two actions by JSGC yielded a final work product that was materially different than the submission made by the IFO to your office. They are as follows: JSGC IFO has reservations regarding the provision of future technical assistance or economic analysis. The IFO cannot stand behind the final product if its submissions are altered without consent, consultation or notice. As a result, future technical assistance or economic analysis that Hits: 5 |
jackson ppt.pdfpresentation may be reproduced, reused, or otherwise distributed in any form without prior written consent. 2010 2011 2012 2013 Industrial Production 5.3 4.1 2.8 2.9 Payroll Employment -0.7 1.0 1.2 1.6 Light-Vehicle 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 Hits: 5 |
2013-01 Monthly Economic Report.pdfQuarterly United States Economic Indicators 2012.4 -0.1% 4.9% n.a. n.a. n.a. Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. econo- my. Excludes inflation. 1 Personal Income The year-over- J a n u a r y 2 0 1 3 The long-term impact on output or “gross state product” would be greater than the $5.0 billion increase in disposa- ble income because additional rounds of spending amplify the Hits: 5 |
2004_srpvffinal.pdfexpress its sincere appreciation to the staffs of the public employee retirement systems, institutes, and associations that contributed to the production of this report. INTRODUCTION -1- PART I BACKGROUND DISCUSSION Citizen participation in the volunteer fire service has a long history retirement plan for volunteer firefighters (SRPVF) provide for the program’s total annual funding requirement to be equal to the product of the total number of eligible participants, as certified by the SRPVF’s administrative agency, multiplied by the annual per- Hits: 5 |
TC_Board_Hearing_Jan_24_2022.pdfbeverage tax of $2.48 per barrel ▪ Based on qualified purchases of machinery/equipment up to $200k ▪ No limit on production | all brewers qualify ▪ Credits can be carried forward 3 years | cannot be sold or transferred Most years: 25-30 brewers accumulation January 24, 2022 4 #2 Brewers’ 11 other states offer a brewers’ incentive ▪ Most (8) place a limit on production and target smaller brewers ▪ Credits or rebates range from $1.00 to $7.50 per barrel ▪ Two states with no Hits: 4 |
TC_2023_Manufacturing.pdffollows: 2 Firms must be engaged in the mechanical, physical or chemical transformation of material, substances or components into new products that are creations of new items of tangible personal property for sale. Annual taxable payroll is the total amount of Credit found that the credit is “unlikely to increase employment unless a firm believes there is sufficient demand for their products.” 12 The report cited the relatively low value of the incentive in comparison to the cost to hire an additional Hits: 4 |
SERS_Stress_Test_Impact_Analysis_2022.pdfthe results to the Governor, the General Assembly and the Independent Fiscal Office (IFO). The act directs the IFO to produce a report that summarizes the results, including a calculation of projected employer contributions to pro- jected state General Fund revenues related data are from the report entitled Commonwealth of Pennsylvania State Employees’ Retirement System: 2022 Stress Testing and Risk Assessment produced and certified by SERS and its contracted actuary. Revenue projections were performed by the IFO using data from IHS Markit Hits: 4 |
REU-2020-02.pdf83.7 million for February, which was $12.9 million (18.2 percent) above estimate. The monthly performance was a product of higher than anticipated final payments ($7.3 million, 15.2 percent) and estimated payments ($5.6 million, 24.4 States Pennsylvania 2019.1 2019.2 2019.3 2019.4 2019.1 2019.2 2019.3 2019.4 Gross Domestic Product 7 3.1% 2.0% 2.1% 2.1% 3.3% 1.7% 2.1% n.a. Net Job Gains Hits: 4 |
QRR_2017Q2.pdfPage 1 QUARTERLY REVENUE REVIEW APRIL TO JUNE Fiscal Year 2016-17 The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual reve- nue collections. The report also provides context 7 -14.9 Cigarette 338.1 348.7 -10.6 1,261.6 1,286.4 -24.8 Other Tobacco Products 30.7 15.8 14.9 83.9 45.2 38.7 Malt Beverage 6.4 6.6 -0.2 Hits: 4 |
PSERS_Stress_Test_Impact_Analysis_2023.pdfthe results to the Governor, the General Assembly and the Independent Fiscal Office (IFO). The act directs the IFO to produce a report that summarizes the results, including the ratio of projected employer contributions to projected state General Fund revenues under sources. The simulations and related data are from the report entitled Stress Testing Analysis: Pennsylvania Public School Employees’ Retirement System produced and certified by PSERS and its contracted actuary. Revenue projections are from the IFO using data from IHS Markit and Hits: 4 |
Presentation-2019-3-1-EPLC.pdfproperty 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 5,364 6,123 6,613 Growth 31.2% 13.0% 10.8% 6 $247.0 n.a. Computed ETR 2.3% 6.3% 4.5% 2.8% 2.1% n.a. Notes: Production historicals and wells spud are from PA Department of Environmental Protection. Production for 2019 is estimated by the IFO. Prices Hits: 4 |
Pennsylvania_Aging_Presentation.pdf0% 1986 1991 1996 2001 2006 2011 2016 May 24, 2017 11 Note: Average growth rates for real Gross Domestic Product. Source: U.S. Bureau of Economic Analysis. US GDP 2011-16 US 2.1% US 3.0% US 3.3% 0% 1986 1991 1996 2001 2006 2011 2016 May 24, 2017 12 Note: Average growth rates for real Gross Domestic Product. Source: U.S. Bureau of Economic Analysis. US GDP PA GDP PA 1.5% PA 2.1% PA 2.5% Hits: 4 |
PBB_2022_PHMC_REPORT.pdfto apply for grants to aid in historic preser- vation efforts. National Register designation is also an incentive for income-producing projects seeking historic preservation tax incentives to promote rehabilitation and reuse. The office also has a role in administering state approved. Historic Preservation | Page 16 Notes on Measures To qualify for historic preservation tax credits, properties must be income-producing and have National Register designation with the NPS. The Certified Local Government grant is a required set-aside of Hits: 4 |
PBB_2022_PDE_REPORT_Amended.pdfOhio New Jersey United States State Local Federal K-12 Education | Page 19 share of the state’s Gross Domestic Product (GDP). The ELC report gave Pennsylvania an A grade for funding level (ranked 6 th highest state, including Washington D 9% 37 Pennsylvania 61.5% United States 64.0% Notes: Source: U.S. Department of Education, IDEA Section 618 Data Products. Special Education Students In Regular Classroom 80%+ per Day (SY 2018-19) Data are for special education students age 6 Hits: 4 |
PBB_2021_DMVA_REPORT_ADDENDUM.pdfare listed in the year the expenditure was recorded. Veterans Homes | Page 8 Notes on Measures ▪ Nursing home ratings are produced monthly by the U.S. Centers for Medicare and Medicaid Services (CMS), which rates each facility between one (lowest) and lidaysburg had the lowest at less than one month. Veterans Homes | Page 11 Notes on Measures ▪ Nursing home ratings are produced monthly by CMS, which rates each facility between one (lowest) and five (best) stars. Each facility receives overall rating, health Hits: 4 |
PBB_2020_DOH_REPORT_Final_Update.pdfOver the past five fiscal years, grant projects were associated with three new patents, two licenses for new products and 277 publications that expand current research and advance scientific knowledge on health-related topics. These results build on more than 2,100 publications, 35 patents and 14 licenses for new products generated by the program between 2001 and 2014. Since FY 2014-15, Pennsylvania employment related to health research and med- ical science Hits: 4 |
PBB_2019_DOBS_Report.pdfor professional level as compared to previous outreach efforts (e.g., expo booths). These outreach programs may not produce immediate re- sults, but consumer education outcomes may improve over the long term. For instance, DOBS has a finan- cial education program 4: Education and Outreach This activity includes education and outreach to Pennsylvania residents. Education and outreach involves the production of educational materials, educational events and collaboration with other agencies, such as the partnership with the Pennsylvania Department of Corrections to increase Hits: 4 |
Newsstand_March_2020.pdfwas 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-over-year Hits: 4 |
MTR-2017-08.pdfopioid prescriptions at a greatly accelerated rate. The misuse of those drugs and, as later discovered, their highly addictive nature, produced the current opioid crisis. For 2015, data from the Centers for Disease Control (CDC) show that Pennsylvania’s rate of States Pennsylvania 2016.3 2016.4 2017.1 2017.2 2016.3 2016.4 2017.1 2017.2 Gross Domestic Product 8 2.8% 1.8% 1.2% 3.0% 6.0% 1.7% 1.2% n.a. Personal Income 9 Hits: 4 |
MTR-2016-12.pdfDollar amounts are in millions. STATE GDP CONTRACTS The U.S. Bureau of Economic Analysis recently released real gross domestic product (GDP) by state for the second quarter of 2016. The release includes revised quarterly statistics for 2005 to 2016. The States Pennsylvania 2015.4 2016.1 2016.2 2016.3 2015.4 2016.1 2016.2 2016.3 Gross Domestic Product 8 0.9% 0.8% 1.4% 3.5% 1.7% -4.5% 0.5% n.a. Personal Income 9 Hits: 4 |
MQRE_FY22_23_August.pdf130 114 1,365 Cigarette 37 95 100 86 91 95 50 73 76 -36 85 93 845 Other Tobacco Products 14 14 14 13 15 14 13 13 12 14 14 15 164 Malt Beverage 2 2 2 2 2 2022. For FY 2022-23, the analysis projects that the provision will reduce CNIT revenues by $1.6 million. Film Production Tax Credit (Act 53) The act increases the annual cap on the tax credit from $70 million to $100 million Hits: 4 |
Monthly_Economic_Update_October_2020.pdflargest earnings declines in Pennsylvania. Pennsylvania Records 10th Largest Percent Decrease in State GDP in Q2 Pennsylvania real Gross Domestic Product (GDP) fell 34.0% in 2020 Q2, according to data released by the U.S. Bureau of Economic Analysis (BEA 13.8% n.a. n.a. Quarterly Data 2019.2 2019.3 2019.4 2020.1 2020.2 Gross Domestic Product 7 1.7% 2.5% 1.4% -5.8% -34.0% Personal Income 8 4.1% 2.8% 2.8% Hits: 4 |
Monthly_Economic_Update_November_2020_Final.pdfin-person services such as hair/nail salons, travel and dining, to goods such as furniture, home and personal care products and motor vehicles. In 2020 Q3, consumers spent 7.2% less on services and 6.9% more on goods when 16.2% 4.7% n.a. Quarterly Data 2019.3 2019.4 2020.1 2020.2 2020.3 Gross Domestic Product 7 2.5% 1.4% -5.8% -34.0% n.a. Personal Income 8 2.8% 2.8% 2.6% Hits: 4 |
Monthly_Economic_Update_June_2022.pdfmore on gasoline for the month. Most of the higher spending will flow out of Pennsylvania to states that have production and refining operations. Based on data from the Philadelphia metro Consumer Price Index (CPI), gasoline purchases comprise 3.0% of 3.1% -0.4% n.a. Quarterly Data 2021.1 2021.2 2021.3 2021.4 2022.1 Gross Domestic Product 8 2.7% 4.7% 2.4% 6.4% n.a. Personal Income 9 15.6% -1.1% 2.2% Hits: 4 |
Monthly_Economic_Update_July_2021_Final.pdfrisen to levels not recorded in over two years as the economy reopens and temperatures run above normal. U.S. production growth has also been modest in 2021, reducing a supply glut that restrained prices in prior years. The near-month 41.6% 20.3% 11.6% Quarterly Data 2020.1 2020.2 2020.3 2020.4 2021.1 Gross Domestic Product 8 -5.8% -34.0% 35.5% 3.7% 6.0% Personal Income 9 2.5% 13.1% 9.0% Hits: 4 |
Monthly_Economic_Update_July_2020.pdfin 2012. Low natural gas prices resulting from oversupply have been present for several years, as sustained regional and national production growth has outpaced record levels of demand. A mild winter and the COVID-19 pandemic have reduced demand for natural 13.0% 4.3% n.a. Quarterly Data 2019.1 2019.2 2019.3 2019.4 2020.1 Gross Domestic Product 7 3.3% 1.7% 2.1% 2.1% -5.6% Personal Income 8 5.0% 5.1% 4.0% Hits: 4 |
Monthly_Economic_Update_December_2021.pdfthe YOY growth in U.S. purchases of durable goods (e.g., appliances, cars). Continuous and strong demand for those products created bottlenecks and shortages that resulted in price pressures. Corporate domestic profits (row 6, YOY growth for 2021 Q3) grew 7.0% n.a. n.a. Quarterly Data 2020.3 2020.4 2021.1 2021.2 2021.3 Gross Domestic Product 8 34.8% 5.2% 3.0% 5.9% n.a. Personal Income 9 8.8% 4.5% 16.4% Hits: 4 |
Monthly_Economic_Update_April_2021.pdfthe same time period. Productivity gains and LFPRs have direct implications for economic growth because real GDP growth is the product of the growth in worker productivity and growth in the number of workers. While an aging population, contracting labor force 1.6% -4.9% 18.5% Quarterly Data 2019.4 2020.1 2020.2 2020.3 2020.4 Gross Domestic Product 8 1.4% -5.8% -34.0% 35.5% 3.7% Personal Income 9 2.8% 2.5% 13.1% Hits: 4 |
MER-2014-12.pdfDecember 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ falling price of crude oil, which comprises roughly 60% of the price of gasoline. 1 The increase in domestic oil production from shale formations has led to excess supply and lower crude oil prices. Despite these low prices, certain members of Hits: 4 |
MER-2014-08.pdfAugust 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ published annually, quarterly and monthly, with data through June 2014. National PCE typically com‐ prise 68 percent of gross domestic product. Other components of gross domestic product include in‐ vestment (17 percent), government purchases (20 percent) and net exports (‐4 percent Hits: 4 |
MER-2014-06.pdfJune 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ June 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Snapshot: Pennsylvania GSP in 2013 Real gross state product (GSP) for Pennsylvania grew by 0.7 percent from $599.5 billion in 2012 to $603.9 billion in 2013 Hits: 4 |
EPLC Feb 2020 FINAL.pdfEconomic Growth Rates February 28, 2020 5 Annual Growth Rates or Change 2017 2018 2019 2020 2021 Real Gross Dom Product 0.6% 2.6% 2.1% 1.9% 1.9% Wages and Salaries 4.0% 4.3% 4.4% 3 2.7% Act 1 Index PA Natural Gas Statistics February 28, 2020 21 2014 2015 2016 2017 2018 2019 Total Production (bcf) 4,069 4,596 5,094 5,364 6,123 6,822 Growth 31.2% 13.0% 10.8% Hits: 4 |
Electricity_Update_Sep_2021.pdf46.3% higher than Alabama (not shown), the second-largest exporter of electricity. Among regional states, Pennsylvania is the largest producer and net exporter of electricity. Nearly all other states shown in Table 1 (except West Virginia and Connecticut) are net 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 electricity generation Hits: 4 |
Electricity_Update_March_2022.pdf79.7% higher than Alabama (not shown), the second largest exporter of electricity. Among regional states, Pennsylvania was the largest producer and net exporter of electricity. Nearly all other states shown in Table 1 (except West Virginia and Connecticut) were net 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 electricity generation Hits: 4 |
Demographics_Outlook_2020.pdfIFO based on tabulations from the 2019 Population Estimates by the U.S. Census Bureau, various other Census products and data sup- plied by the Pennsylvania Department of Health. Other data sources are noted in the relevant sections of this report like to thank the Pennsylvania Department of Health for detailed birth and death data that assisted in the production of this report. Questions and comments can be submitted to contact@ifo.state.pa.us. Sincerely, Dr. MATTHEW J. KNITTEL Director - This Hits: 4 |
2012-10 Monthly Economic Summary FINAL.pdfQuarterly United States Economic Indicators 2011.4 4.1% 4.1% 9.2% -2.5% 7.1% Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. econ- omy. Excludes inflation. 1 Personal Income The year-over- commodities exported by Pennsylvania were Chemi- cals (NAIC 325), Machinery, Except Electrical (333), Primary Metal Manufacturing (331), Computer & Elec- trical Products (334), Transportation Equipment (336), Minerals and Ores (212) and Electrical Equipment, Ap- pliances & Components (335). Those seven commodi- ties comprised Hits: 4 |
The Payroll Tax Cut Extension FINAL.pdfinto the state), then purchases would increase by $2.5 billion. Personal Consumption Expenditure data from the National Income and Product Accounts suggest that roughly 50 percent of total expenditures might be spent on items subject to Pennsylvania sales or use as durable goods purchases compared to the “average” or typical consumer purchase. For expenditure data, see the National Income and Product Accounts Table 2.5.5: http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1. Extension of Federal Payroll Hits: 3 |
TC_2023_Rural_Jobs_Investment.pdfgrowth fund 10 A state repayment is due if the rural growth fund’s credit-eligible capital contributions exceed the product obtained by multiplying $30,000 by the number of jobs created or retained as reported in the fund’s annual is constructed, maintained, or operated by a qualified active low-income community business that is a manufacturing or value-added production enterprise. 4 Pennsylvania's program has an aggregate cap of $30 million in tax credits. Utah has a similar aggregate Hits: 3 |
SR2017-03.pdfon data from state tax returns (published by the IRS) and Tables SA4 and SA40 from the National Income and Product Accounts. The U.S. Bureau of Economic Analysis publishes state personal income data. 2 Capital gains, IRA withdrawals and pension units. 12 Gasoline and cigarette excise taxes do not include any sales taxes that might also be levied on those products by state or local governments. 9 See “State Tax Rates” (Federation of Tax Administrators). 10 .For personal income tax, New Hits: 3 |
Smetters_Presentation_Full.pdf180 -152 Modification to net operating loss deductions 201 145 169 Amortize research & experimentation 120 51 88 Repeal of Domestic Production Deduction 98 100 300 Reforms to certain business tax expenditures 149 148 584 Subtotal -654 -978 -2,443 Penn Wharton is still king and big driver of dynamic Penn Wharton Budget Model 18 Adding: Dynamic Effects U.S. Gross Domestic Product (GDP) 0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 2015 Hits: 3 |
Revenue_Estimate_Presentation_2022_05.pdfsupply and remote working ▪ Capital gains income | wealth effects that motivate spending Continued purchases of durable goods and high-margin products Labor force participation rates do not revert to pre-pandemic rates ▪ Worker shortage motivates strong wage gains May 23, 2022 and real (permanent) gains ▪ Savings from remote working, less travel, labor cost lags, automation ▪ Sales mix: purchase of higher margin products Tax Year 2022 forecast is -5% corporate profits ▪ IHS Markit domestic corporate profits forecast -8% ▪ Cost pressures, switch to low- Hits: 3 |
Revenue_Estimate_2021_05_Presentation.pdflarge businesses fare much better than expected ▪ Cost cutting measures | streamline operations ▪ Telework and travel savings | sales of higher margin products Inflation in housing and stock markets – “wealth effects” Stimulus induced sales are more likely to be taxed ▪ Cars, appliances, home 44 3.9% Personal Income 14.10 15.54 3.3% Economics ($ billions) CY 2019 CY 2022 Real Gross Domestic Product $726.2 $736.6 0.5% Wages-Salaries Paid $353.8 $393.5 3.6% Net Payroll Employment (000s) 6 Hits: 3 |
Revenue Conference Presentation Jan 2013 FINAL.pdfof Labor Statistics, and Federal Housing Finance Agency. Forecasts from IHS Global Insight. 2011 2012 2013 2014 Real Gross State Product May 2012 1.9% 1.5% 2.3% 3.0% Jan 2013 1.2% 1.8% 1.5% 2.3% 5% 14.2% U.S. Forecast 23.Jan.2013 2013 Revenue Conference 4 2011 2012 2013 2014 Real Gross Domestic Product May 2012 1.7% 2.2% 2.4% 3.4% Jan 2013 1.8% 2.3% 1.7% 2.7% Hits: 3 |
REU-2020-01.pdfStates Pennsylvania 2019.1 2019.2 2019.3 2019.4 2019.1 2019.2 2019.3 2019.4 Gross Domestic Product 7 3.1% 2.0% 2.1% 2.1% 3.3% 1.7% 2.1% n.a. Net Job Gains 4 7.3 5.3 Cigarette 64.6 62.2 618.7 661.0 3.8 -6.4 Other Tobacco Products 10.5 10.1 76.8 75.8 3.7 1.3 Malt Beverage 1.9 1.8 13.8 Hits: 3 |
REU-2019-12.pdfStates Pennsylvania 2018.4 2019.1 2019.2 2019.3 2018.4 2019.1 2019.2 2019.3 Gross Domestic Product 7 1.1% 3.1% 2.0% 2.1% 0.4% 3.3% 1.7% n.a. Net Job Gains 0 16.3 5.0 Cigarette 106.5 114.6 554.1 598.8 -7.1 -7.5 Other Tobacco Products 10.1 11.5 66.3 65.7 -12.7 1.0 Malt Beverage 1.9 1.7 11.9 Hits: 3 |
REU-2019-11.pdfStates Pennsylvania 2018.4 2019.1 2019.2 2019.3 2018.4 2019.1 2019.2 2019.3 Gross Domestic Product 7 1.1% 3.1% 2.0% 2.1% 0.4% 3.3% 1.7% n.a. Net Job Gains 6 -5.9 2.9 Cigarette 94.3 103.9 447.7 484.2 -9.2 -7.6 Other Tobacco Products 11.2 12.5 56.2 54.1 -10.7 3.9 Malt Beverage 2.0 1.9 10.0 Hits: 3 |
REU-2019-10.pdfStates Pennsylvania 2018.4 2019.1 2019.2 2019.3 2018.4 2019.1 2019.2 2019.3 Gross Domestic Product 7 1.1% 3.1% 2.0% 1.9% 2.5% 2.9% n.a. n.a. Net Job Gains 8 -0.9 4.9 Cigarette 98.4 98.3 353.4 380.4 0.1 -7.1 Other Tobacco Products 10.5 9.7 45.0 41.6 7.9 8.3 Malt Beverage 1.8 1.8 8.1 Hits: 3 |
Response_Letter_9_23_2019.pdfFund taxes: (1) state personal income tax, (2) state sales and use tax, (3) gross receipts taxes, (4) all tobacco product taxes and (5) liquor and malt beverage taxes. For all consumption taxes, the analysis assumes that taxes are passed through assumes that all gross receipts taxes are passed through to final consumers and are effectively remitted by Pennsylvania residents. Tobacco Products Based on data from the CEX, the analysis estimates that seniors remit 14 to 17 percent of all tobacco tax Hits: 3 |
Response_Letter_2021_April.pdfFund taxes: (1) state personal income tax, (2) state sales and use tax, (3) gross receipts taxes, (4) all tobacco product taxes and (5) liquor and malt beverage taxes. For all consumption taxes, the analysis assumes that taxes are passed through returns with federal tax data. Since local collectors lack these resources, imposing the tax at the local level would likely produce reduced collections. The PIT estimates included in the enclosed table are calculated using the current state tax base and assume Hits: 3 |
RB_2021_02 County Income Patterns.pdfForest County (white) was excluded from the dataset because a significant proportion (approximately 45%) of the population is institutionalized, which produced artificially low personal income and net earnings data. (Note: This analysis does not control for student, nursing home or institutionalized Income Per Capita ($000s) Independent Fiscal Office Page 7 Reference Map Staff Acknowledgements Michaela Miller, Jackson Wilken and Kathleen Hall produced this research brief. Questions regarding this document can be directed to mmiller@ifo.state.pa.us. Office Phone: 717-230- Hits: 3 |
RB_2021_01_Economic_Impact_of_Federal_Stimulus.pdfHowever, payroll employment was lower by 8.2 million jobs (-5.2%). Hence, nearly the same amount of output was produced, despite a significant reduction in employment. Pennsylvania data are not currently available for 2021 Q1, but similar trends likely hold the fact that many employers have already streamlined operations to reduce labor costs. Staff Acknowledgements Mathieu Taylor and Kathleen Hall produced this research brief. Questions regarding this document can be directed to mtaylor@ifo.state.pa.us or khall@ifo.state Hits: 3 |
RB-2020-03 County Income Patterns.pdffilled white) was excluded from the dataset because a significant proportion (approximately 40 percent) of the population was institutionalized, which produced artificially low per capita income levels. (Note: This analysis does not control for student, nursing home or institutionalized populations in 000s) Personal Income ($B) Income Per Capita ($000s) Independent Fiscal Office Page 6 Staff Acknowledgements Michaela Bowers and Kathleen Hall produced this research brief. Questions regarding this document can be directed to mbowers@ifo.state.pa.us or khall@ifo.state Hits: 3 |
QRR_2017Q3.pdfFund (page 4). The most recent publication detailing these estimates is available at www.ifo.state.pa.us. The IFO produces this report to facilitate comparison of its revenue estimates with actual revenue collec- tions. The report also provides context for 7 379.7 -25.0 Cigarette 309.4 315.5 -6.1 309.4 315.5 -6.1 Other Tobacco Products 29.8 29.0 0.8 29.8 29.0 0.8 Malt Beverage 6.9 6.7 0.2 Hits: 3 |
QRR_2017Q1.pdfINDEPENDENT FISCAL OFFICE Page 1 QUARTERLY REVENUE REVIEW JANUARY TO MARCH Fiscal Year 2016-17 The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual reve‐ nue collections. The report also provides context 1,009.0 -3.7 Cigarette 270.2 281.0 -10.8 923.5 937.7 -14.2 Other Tobacco Products 47.9 19.8 28.1 53.2 29.4 23.8 Malt Beverage 5.2 5.4 -0.2 Hits: 3 |
QRR_2016Q4.pdfINDEPENDENT FISCAL OFFICE Page 1 QUARTERLY REVENUE REVIEW OCTOBER TO DECEMBER Fiscal Year 2016-17 The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual reve- nue collections. The report also provides context 0 706.6 -27.6 Cigarette 373.6 392.9 -19.3 653.3 656.7 -3.4 Other Tobacco Products 5.3 9.6 -4.3 5.4 9.6 -4.2 Malt Beverage 5.8 5.9 -0.1 Hits: 3 |
QRR_2016Q3.pdf4). The most recent publication detailing the quarterly revenue estimates is available at www.ifo.state.pa.us. The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual reve- nue collections. The report also provides context 0 379.1 -21.1 Cigarette 279.8 263.8 16.0 279.8 263.8 16.0 Other Tobacco Products 0.0 0.0 0.0 0.0 0.0 0.0 Malt Beverage 7.0 7.1 -0.1 Hits: 3 |
Property-Tax-Update-August-2018.pdfand school property taxes as well as a weighted average Pennsylvania Consumer Price Index (CPI) and Pennsylvania nominal Gross Domestic Product (GDP, includes inflation). Since FY 2004-05, the state economy has expanded by 62 percent, followed closely by school property use tax. CPI-U is a weighted average CPI-U for Philadelphia and Pittsburgh. GDP is nominal state Gross Domestic Product. SUT includes various base expansion provisions such as digital downloads and reduced vendor discount, and is prior to any transfers Hits: 3 |
Presentation_Phil_Chamber_2-12-2015.pdfIndependent Fiscal Office Budget and Economic Update What Is the Independent Fiscal Office? • Our role in the budget process. • Other products and publications. Tax Revenues and Budget Deficits. • Tax revenues through January 2015. • Revisions to FY 2014-15 General Fund revenues 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 Budget Timelines Year-to-Date Performance Revisions to General Fund Revenues Hits: 3 |
Presentation_PA_Bus_Council_6-22-15.pdf974 8,476 9,179 9,783 Dollar amounts are in millions. 1 Expands tax base to many services and products. Increases rate from 6.0% to 6.6%. 2 Increases rate from 3.07% to 3.70%. Expands tax forgiveness 17. 4 Raises cigarette tax from $1.60 to $2.60 per pack. New 40% tax (wholesalers) on other tobacco products. 22.Jun.2015 6 Executive Budget: Revenue Raisers 2015-16 2016-17 2017-18 2018-19 2019-20 School Property Hits: 3 |
Presentation_Lancaster_Chamber_2017-07-14.pdfauto and student loans. PA Economic Forecast 7/14/2017 27 2013 2014 2015 2016 2017 2018 Real Gross Dom. Product 1.6% 1.9% 2.6% 1.1% 1.8% 1.9% Philadelphia CPI-U 1.2% 1.3% -0 various technical factors. Special fund transfers of $231 million in FY 2016-17 do not recur. Tax amnesty produced $100 million of one-time revenue in FY 2016-17 and reduces collections by $10 million in FY 2017-18 Hits: 3 |
Presentation_2016-05-12_PaDUC_Impact_of_Demographics.pdftaxable income: Social Security, Pensions, IRAs. 25 Persistent Tax Base Erosion 12.May.2016 AAGR PA Economy ‐ Nominal Gross Domestic Product 3.2% Sales Tax Base PA Personal Consumption Expenditures 3.3% All Goods 2.4% All Services 3.7% Healthcare Labor Statistics, Consumer Expenditure Survey. Consumer Spending by Age Cohort 28 12.May.2016 AAGR PA Economy – Nominal Gross Domestic Product 3.2% Personal Income Tax Wages or Gross Compensation 3.3% Income Exempt from Tax Social Security Retirement 4.4% Hits: 3 |
Presentation-2018-08-PA-State-Association-Boroughs.pdfDevelop Performance-Based Budget plans for agencies. Things the office does not do: Make policy or budget recommendations. Produce separate budgets (an executive duty). Produce fiscal notes (a legislative duty). August.08.2018 3 The Independent Fiscal Office August.08.2018 4 PA Demographic Snapshot Hits: 3 |
Presentation-2018-06-PICPA.pdfof 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 31.3% 13.1% 10.9% 5.4% 3.14 $1.43 $1.55 $2.20 $2.36 Impact Fee (millions) $224 $188 $173 $218 n.a. Note: Production and new wells spud for horizontal wells only. Regional PA hub price is weighted average for the Dominion South and Hits: 3 |
Presentation-2018-06-Philly-Pitt-Chambers.pdfSource: 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 31.3% 13.1% 10.9% 5.4% 3.14 $1.43 $1.55 $2.20 $2.36 Impact Fee (millions) $224 $188 $173 $218 n.a. Note: Production and new wells spud for horizontal wells only. Regional PA hub price is weighted average for the Dominion South and Hits: 3 |
Presentation-2018-06-PASBO.pdfSource: 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 31.3% 13.1% 10.9% 5.4% 3.14 $1.43 $1.55 $2.20 $2.36 Impact Fee (millions) $224 $188 $173 $218 n.a. Note: Production and new wells spud for horizontal wells only. Regional PA hub price is weighted average for the Dominion South and Hits: 3 |
Pitt_Chamber_Presentation.pdfOffice CompetePA Retreat Economy, Revenues and Budget Pennsylvania economic growth rates or change 2015 2016 2017 2018 Real Gross Domestic Product 2.3% 0.6% 2.0% 2.3% Wages and Salaries 4.1% 1.3% 3.9% 4.3% Philadelphia property COST: total effective business tax rate (TEBTR) (not shown) TEBTR: total taxes paid by business / private gross domestic product PA ranks 26 th in TEBTR (4.6%) Business taxes only; some very difficult to quantify (e.g Hits: 3 |
PBB_TaxCredits_Schedule_2022_Update.pdfDrug 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 Telecom and Broadband Organ and Bone Marrow 3 Neighborhood Assistance Resource Enhancement and Protection (REAP) Entertainment Economic Enhancement Program Video Game Production Keystone Special Development Zones 4 Educational Tax Credits Coal Refuse and Reclamation Mixed-Use Development Brewers’ 5 Resource Manufacturing Manufacturing Hits: 3 |
PBB_Board_Hearing_Jan_11_2023.pdfSpec. Funds $221.8 89% 54 23% Financial Regulation 8.5 3 58 24 Administration 6.1 2 36 15 Product and Rate Review 5.5 2 33 14 Prof. Lic. & Market Conduct 4.6 2 36 15 Consumer Services 2 Includes all expenditures in $ millions. FTEs Expenditures PID Budgeted Funds by Activity (FY 22-23) January 11, 2023 3 Funds Product & Rate Review Consumer Services Prof. Lic. & Market Conduct Financial Regulation Liquid., Rehab. and Spec. Funds Admin. Total Med Care Avail Hits: 3 |
PBB_2023_DOR_REPORT.pdfonly state lottery to designate all proceeds to programs that benefit older residents. The Pennsylvania Lottery markets and sells various products, develops and manages the portfolio of games available, assists retailers, conducts drawings, processes claims, maintains controls and supports employees. There Mega Millions and Cash4Life. There are approximately 20,000 points of distribution (includes terminal and vending machines) that sell various products. In 2018, the Pennsylvania Lottery added an online component called iLottery. Lottery profits support (1) Department of Aging services provided Hits: 3 |
PBB_2022_DHS_REPORT_ADDENDUM.pdfare more expensive than pre- ventative care visits. A decline in the ED visits per 1,000 member months can produce cost savings when the department renegoti- ates premium rates with the MCOs that provide CHIP services. Average state and federal is an ongoing initiative to provide integrated case management that will provide the department accurate, comprehensive and accessible data to produce more quality fraud leads and reduce administrative tasks. Other features of the new case management system include real time and Hits: 3 |
Newsstand_2019_March.pdf(717) 230-8293 | | www.ifo.state.pa.us Pennsylvania News PA Real Gross Domestic Product Expanded by 2.8% in 2018 Q3 On February 26, the U.S. Bureau of Economic Analysis released state GDP Translate to Wage Gains On March 8, the U.S. Department of Labor released average hourly earnings for U.S. production and non- supervisory employees (by industry) for February 2019. The latest data show that the average hourly wage was $23 Hits: 3 |
Newsstand_2018_November.pdfand home equity loans (-5.8%). For total debt, the per capita increase was 1.8%. PA Real Gross Domestic Product Surges in 2018 Q2 On November 15, the U.S. Bureau of Economic Analysis released preliminary state real Gross Domestic Product data for 2018 Q2. On a quarterly annualized basis, the Pennsylvania economy expanded by 3.6%. That rate is con- Hits: 3 |
NAP-2018-03.pdfand 1.26 (tax relief to households). 8 Note that the analysis utilizes direct total output or spending multipliers to produce this result. These multipliers are consistent with the common approach used by other studies on similar topics. However, total output are also reflected in final sales. In order to derive the net impact on the state economy or gross domestic product, a value-added multiplier should be used. 7 Reports provided by DCED. 8 The comparable multipliers provide only general guidance Hits: 3 |
MTR-2019-09.pdfStates Pennsylvania 2018.3 2018.4 2019.1 2019.2 2018.3 2018.4 2019.1 2019.2 Gross Domestic Product 7 2.9% 1.1% 3.1% 2.0% 3.2% 2.5% 2.9% n.a. Net Job Gains 0 13.3 6.9 Cigarette 101.7 106.5 255.0 282.0 -4.6 -9.6 Other Tobacco Products 11.7 11.1 34.6 31.9 5.6 8.4 Malt Beverage 2.1 2.2 6.2 Hits: 3 |
MTR-2019-08.pdfStates Pennsylvania 2018.3 2018.4 2019.1 2019.2 2018.3 2018.4 2019.1 2019.2 Gross Domestic Product 7 2.9% 1.1% 3.1% 2.0% 3.2% 2.5% 2.9% n.a. Net Job Gains 9 4.1 4.0 Cigarette 102.6 110.2 153.3 175.5 -7.0 -12.6 Other Tobacco Products 11.9 10.4 22.8 20.8 14.0 9.9 Malt Beverage 2.0 2.2 4.2 Hits: 3 |
MTR-2019-07.pdfStates Pennsylvania 2018.3 2018.4 2019.1 2019.2 2018.3 2018.4 2019.1 2019.2 Gross Domestic Product 7 2.9% 1.1% 3.1% 2.1% 3.2% 2.5% 2.9% n.a. Net Job Gains 1 3.9 3.9 Cigarette 50.8 65.3 50.8 65.3 -22.2 -22.2 Other Tobacco Products 10.9 10.4 10.9 10.4 5.7 5.7 Malt Beverage 2.2 2.4 2.2 Hits: 3 |
MTR-2019-06.pdfStates Pennsylvania 2018.2 2018.3 2018.4 2019.1 2018.2 2018.3 2018.4 2019.1 Gross Domestic Product 7 4.2% 3.4% 2.2% 3.1% 4.0% 3.2% 2.5% n.a. Personal Income 8 4 6.5 Cigarette 104.2 116.4 1,118.8 1,198.3 -10.5 -6.6 Other Tobacco Products 12.1 11.3 129.9 119.1 7.2 9.1 Malt Beverage 2.3 2.1 23.5 Hits: 3 |
MTR-2019-05.pdfStates Pennsylvania 2018.2 2018.3 2018.4 2019.1 2018.2 2018.3 2018.4 2019.1 Gross Domestic Product 7 4.2% 3.4% 2.2% 3.1% 4.0% 3.2% 2.5% n.a. Personal Income 8 6 7.3 Cigarette 95.8 103.0 1,014.6 1,081.8 -7.0 -6.2 Other Tobacco Products 11.3 10.1 117.8 107.8 12.7 9.3 Malt Beverage 2.0 2.0 21.2 Hits: 3 |
MTR-2019-04.pdfStates Pennsylvania 2018.2 2018.3 2018.4 2019.1 2018.2 2018.3 2018.4 2019.1 Gross Domestic Product 7 4.2% 3.4% 2.2% 3.2% 3.6% 2.8% n.a. n.a. Personal Income 8 6 14.9 8.5 Cigarette 94.4 92.7 918.8 978.9 1.9 -6.1 Other Tobacco Products 10.5 10.2 106.5 97.8 2.6 8.9 Malt Beverage 1.9 1.9 19.2 Hits: 3 |
MTR-2019-03.pdfStates Pennsylvania 2018.1 2018.2 2018.3 2018.4 2018.1 2018.2 2018.3 2018.4 Gross Domestic Product 7 2.2% 4.2% 3.4% 2.2% 0.6% 3.6% 2.8% n.a. Personal Income 8 5 3.7 7.7 Cigarette 76.7 93.5 824.3 886.2 -17.9 -7.0 Other Tobacco Products 9.6 9.1 96.0 87.6 5.4 9.7 Malt Beverage 1.6 2.2 17.3 Hits: 3 |
MTR-2019-02.pdfStates Pennsylvania 2018.1 2018.2 2018.3 2018.4 2018.1 2018.2 2018.3 2018.4 Gross Domestic Product 7 2.2% 4.2% 3.4% 2.6% 0.6% 3.6% 2.8% n.a. Personal Income 8 7 1.4 8.2 Cigarette 86.6 88.7 747.6 792.7 -2.4 -5.7 Other Tobacco Products 10.7 9.7 86.5 78.5 10.0 10.1 Malt Beverage 1.8 1.4 15.7 Hits: 3 |
MTR-2019-01.pdfStates Pennsylvania 2018.1 2018.2 2018.3 2018.4 2018.1 2018.2 2018.3 2018.4 Gross Domestic Product 7 2.2% 4.2% 3.4% n.a. 0.6% 3.6% n.a. n.a. Personal Income 8 7 6.3 9.0 Cigarette 62.2 62.6 661.0 704.0 -0.5 -6.1 Other Tobacco Products 10.1 9.0 75.8 68.8 12.6 10.2 Malt Beverage 1.8 1.7 13.9 Hits: 3 |
MTR-2018-12.pdfStates Pennsylvania 2017.4 2018.1 2018.2 2018.3 2017.4 2018.1 2018.2 2018.3 Gross Domestic Product 7 2.3% 2.2% 4.2% 3.4% 0.1% 0.6% 3.6% n.a. Personal Income 8 2 10.0 9.4 Cigarette 114.6 119.5 598.8 641.5 -4.2 -6.7 Other Tobacco Products 11.5 10.2 65.7 59.8 12.9 9.8 Malt Beverage 1.7 1.9 12.2 Hits: 3 |
MTR-2018-11.pdfStates Pennsylvania 2017.4 2018.1 2018.2 2018.3 2017.4 2018.1 2018.2 2018.3 Gross Domestic Product 7 2.3% 2.2% 4.2% 3.5% 0.1% 0.6% 3.6% n.a. Personal Income 8 4 3.7 9.3 Cigarette 103.9 109.1 484.2 521.9 -4.8 -7.2 Other Tobacco Products 12.5 10.1 54.1 49.6 23.9 9.2 Malt Beverage 1.9 2.0 10.5 Hits: 3 |
MTR-2018-10.pdfStates Pennsylvania 2017.4 2018.1 2018.2 2018.3 2017.4 2018.1 2018.2 2018.3 Gross Domestic Product 7 2.3% 2.2% 4.2% 3.5% 2.5% 2.0% n.a. n.a. Personal Income 8 7 12.4 10.6 Cigarette 98.3 103.4 380.4 412.8 -4.9 -7.9 Other Tobacco Products 9.7 9.7 41.6 39.5 0.4 5.4 Malt Beverage 1.8 1.9 8.6 Hits: 3 |
MTR-2018-1.pdfStates Pennsylvania 2017.1 2017.2 2017.3 2017.4 2017.1 2017.2 2017.3 2017.4 Gross Domestic Product 8 1.2% 3.1% 3.2% 2.6% 0.3% 2.5% 3.2% n.a. Personal Income 9 5 -4.4 0.9 Cigarette 62.6 74.5 704.0 727.8 -16.1 -3.3 Other Tobacco Products 9.0 30.1 68.8 35.5 -70.1 93.8 Malt Beverage 1.7 1.9 14.5 Hits: 3 |
MTR-2018-09.pdfStates Pennsylvania 2017.3 2017.4 2018.1 2018.2 2017.3 2017.4 2018.1 2018.2 Gross Domestic Product 7 2.8% 2.3% 2.2% 4.2% 4.5% 2.5% 2.0% n.a. Personal Income 8 7 2.4 9.9 Cigarette 106.5 121.9 282.0 309.4 -12.6 -8.8 Other Tobacco Products 11.1 10.4 31.9 29.8 7.2 7.0 Malt Beverage 2.2 2.4 6.8 Hits: 3 |
MTR-2018-08.pdfStates Pennsylvania 2017.3 2017.4 2018.1 2018.2 2017.3 2017.4 2018.1 2018.2 Gross Domestic Product 7 2.8% 2.3% 2.2% 4.2% 4.5% 2.5% 2.0% n.a. Personal Income 8 5 9.3 13.7 Cigarette 110.2 108.1 175.5 187.5 2.0 -6.4 Other Tobacco Products 10.4 9.4 20.8 19.4 11.4 6.9 Malt Beverage 2.2 2.2 4.6 Hits: 3 |
MTR-2018-07.pdfStates Pennsylvania 2017.3 2017.4 2018.1 2018.2 2017.3 2017.4 2018.1 2018.2 Gross Domestic Product 7 2.8% 2.3% 2.2% 4.1% 4.5% 2.5% 2.0% n.a. Personal Income 8 9 18.3 18.3 Cigarette 65.3 79.5 65.3 79.5 -17.8 -17.8 Other Tobacco Products 10.4 10.1 10.4 10.1 2.7 2.7 Malt Beverage 2.4 2.4 2.4 Hits: 3 |
MTR-2018-06.pdfStates Pennsylvania 2017.2 2017.3 2017.4 2018.1 2017.2 2017.3 2017.4 2018.1 Gross Domestic Product 7 3.1% 3.2% 2.9% 2.0% 3.2% 4.5% 2.5% n.a. Personal Income 8 8 1.9 Cigarette 116.4 119.3 1,198.3 1,261.6 -2.4 -5.0 Other Tobacco Products 11.3 10.4 119.1 83.9 8.3 42.0 Malt Beverage 2.1 2.3 24.1 Hits: 3 |
MTR-2018-05.pdfStates Pennsylvania 2017.2 2017.3 2017.4 2018.1 2017.2 2017.3 2017.4 2018.1 Gross Domestic Product 7 3.1% 3.2% 2.9% 2.2% 3.2% 4.5% 2.5% n.a. Personal Income 8 8 1.8 Cigarette 103.0 107.8 1,081.8 1,142.2 -4.5 -5.3 Other Tobacco Products 10.1 9.3 107.8 73.5 8.7 46.7 Malt Beverage 2.0 2.0 22.0 Hits: 3 |
MTR-2018-04.pdfStates Pennsylvania 2017.2 2017.3 2017.4 2018.1 2017.2 2017.3 2017.4 2018.1 Gross Domestic Product 8 3.1% 3.2% 2.9% 2.3% 2.5% 3.2% n.a. n.a. Personal Income 9 14.4 1.5 Cigarette 92.7 111.0 978.9 1,034.5 -16.5 -5.4 Other Tobacco Products 10.2 11.0 97.8 64.2 -7.4 52.2 Malt Beverage 1.9 2.0 19.9 Hits: 3 |
MTR-2018-03.pdfStates Pennsylvania 2017.1 2017.2 2017.3 2017.4 2017.1 2017.2 2017.3 2017.4 Gross Domestic Product 8 1.2% 3.1% 3.2% 2.9% 0.3% 2.5% 3.2% n.a. Personal Income 9 3 -5.6 0.0 Cigarette 93.5 108.6 886.2 923.5 -13.9 -4.0 Other Tobacco Products 9.1 8.6 87.6 53.2 4.9 64.5 Malt Beverage 2.2 1.6 18.1 Hits: 3 |
MTR-2018-02.pdfStates Pennsylvania 2017.1 2017.2 2017.3 2017.4 2017.1 2017.2 2017.3 2017.4 Gross Domestic Product 8 1.2% 3.1% 3.2% 2.5% 0.3% 2.5% 3.2% n.a. Personal Income 9 7 -0.2 0.8 Cigarette 88.7 87.1 792.7 814.9 1.8 -2.7 Other Tobacco Products 9.7 9.1 78.5 44.6 6.8 76.1 Malt Beverage 1.4 1.8 15.9 Hits: 3 |
MTR-2017-12.pdfStates Pennsylvania 2016.4 2017.1 2017.2 2017.3 2016.4 2017.1 2017.2 2017.3 Gross Domestic Product 8 1.8% 1.2% 3.1% 3.2% -0.5% 0.3% 2.5% n.a. Personal Income 9 0 4.3 1.8 Cigarette 119.5 118.4 641.5 653.3 1.0 -1.8 Other Tobacco Products 10.2 4.5 59.8 5.4 126.9 n.a. Malt Beverage 1.9 1.8 12.7 Hits: 3 |
MTR-2017-11.pdfStates Pennsylvania 2016.4 2017.1 2017.2 2017.3 2016.4 2017.1 2017.2 2017.3 Gross Domestic Product 8 1.8% 1.2% 3.1% 3.3% -0.5% 0.3% 2.5% n.a. Personal Income 9 6 2.0 1.4 Cigarette 109.1 120.2 521.9 534.9 -9.2 -2.4 Other Tobacco Products 10.1 0.5 49.6 0.9 n.a. n.a. Malt Beverage 2.0 1.9 10.8 Hits: 3 |
MTR-2017-10.pdfStates Pennsylvania 2016.3 2016.4 2017.1 2017.2 2016.3 2016.4 2017.1 2017.2 Gross Domestic Product 8 2.8% 1.8% 1.2% 3.1% 6.0% 1.7% 1.2% n.a. Personal Income 9 475 469 480 8.0 1.2 Cigarette 103 135 80 413 415 316 -23.4 -0.5 Other Tobacco Products 10 0 0 39 0 0 n.a. n.a. Malt Beverage 2 2 2 9 9 9 -10.2 Hits: 3 |
MTR-2017-09.pdfStates Pennsylvania 2016.3 2016.4 2017.1 2017.2 2016.3 2016.4 2017.1 2017.2 Gross Domestic Product 8 2.8% 1.8% 1.2% 3.1% 6.0% 1.7% 1.2% n.a. Personal Income 9 355 358 368 -3.8 -0.9 Cigarette 122 116 87 309 280 236 5.1 10.6 Other Tobacco Products 10 0 0 30 0 0 n.a. n.a. Malt Beverage 2 3 2 7 7 7 -7.3 Hits: 3 |
MTR-2017-07.pdfStates Pennsylvania 2016.3 2016.4 2017.1 2017.2 2016.3 2016.4 2017.1 2017.2 Gross Domestic Product 8 2.8% 1.8% 1.2% 2.6% 6.0% 1.7% 1.2% n.a. Personal Income 9 116 108 122 7.0 7.0 Cigarette 79 64 63 79 64 63 24.3 24.3 Other Tobacco Products 10 0 0 10 0 0 n.a. n.a. Malt Beverage 2 2 2 2 2 2 6.8 Hits: 3 |
MTR-2017-06.pdfStates Pennsylvania 2016.2 2016.3 2016.4 2017.1 2016.2 2016.3 2016.4 2017.1 Gross Domestic Product 8 1.4% 3.5% 2.1% 1.4% 3.2% 6.0% 1.7% n.a. Personal Income 9 Cigarette 119.3 81.8 87.4 1,261.6 911.5 927.2 45.9 38.4 Other Tobacco Products 10.4 0.0 0.0 83.9 0.0 0.0 n.a. n.a. Malt Beverage 2.3 Hits: 3 |
MTR-2017-05.pdfStates Pennsylvania 2016.2 2016.3 2016.4 2017.1 2016.2 2016.3 2016.4 2017.1 Gross Domestic Product 8 1.4% 3.5% 2.1% 1.2% 3.2% 6.0% 1.7% n.a. Personal Income 9 Cigarette 107.8 81.0 81.1 1,142.2 829.7 839.8 33.0 37.7 Other Tobacco Products 9.3 0.0 0.0 73.5 0.0 0.0 n.a. n.a. Malt Beverage 2.0 Hits: 3 |
MTR-2017-04.pdfStates Pennsylvania 2016.2 2016.3 2016.4 2017.1 2016.2 2016.3 2016.4 2017.1 Gross Domestic Product 8 1.4% 3.5% 2.1% 0.7% 0.5% 3.3% n.a. n.a. Personal Income 9 Cigarette 111.0 79.8 79.7 1,034.5 748.7 758.6 39.1 38.2 Other Tobacco Products 11.0 0.0 0.0 64.2 0.0 0.0 n.a. n.a. Malt Beverage 2.0 Hits: 3 |
MTR-2017-03.pdfStates Pennsylvania 2016.1 2016.2 2016.3 2016.4 2016.1 2016.2 2016.3 2016.4 Gross Domestic Product 8 0.8% 1.4% 3.5% 2.1% -4.5% 0.5% 3.3% n.a. Personal Income 9 7 Cigarette 108.6 73.9 71.5 923.5 668.9 678.9 46.9 38.1 Other Tobacco Products 8.6 0.0 0.0 53.2 0.0 0.0 n.a. n.a. Malt Beverage 1.6 Hits: 3 |
MTR-2017-01.pdfStates Pennsylvania 2016.1 2016.2 2016.3 2016.4 2016.1 2016.2 2016.3 2016.4 Gross Domestic Product 8 0.8% 1.4% 3.5% 1.9% -4.5% 0.5% n.a. n.a. Personal Income 9 4 Cigarette 74.5 46.2 49.7 727.8 529.2 538.7 61.2 37.5 Other Tobacco Products 30.1 0.0 0.0 35.5 0.0 0.0 n.a. n.a. Malt Beverage 1.9 Hits: 3 |
MTR-2016-10.pdfStates Pennsylvania 2015.4 2016.1 2016.2 2016.3 2015.4 2016.1 2016.2 2016.3 Gross Domestic Product 8 0.9% 0.8% 1.4% 2.9% 1.7% 1.5% n.a. n.a. Personal Income 9 2 Cigarette 135.0 79.6 76.5 414.7 316.0 316.7 69.6 31.2 Other Tobacco Products 0.3 0.0 0.0 0.3 0.0 0.0 n.a. n.a. Malt Beverage 2.1 Hits: 3 |
MTR-2016-08.pdfStates Pennsylvania 2015.3 2015.4 2016.1 2016.2 2015.3 2015.4 2016.1 2016.2 Gross Domestic Product 8 2.0% 0.9% 0.8% 1.1% 2.0% 1.7% 1.5% n.a. Personal Income 9 4 Cigarette 99.9 87.1 87.5 163.8 149.7 150.3 14.7 9.4 Other Tobacco Products 0.0 0.0 0.0 0.0 0.0 0.0 n.a. n.a. Malt Beverage 2.2 Hits: 3 |
MRU-2020-3.pdfthe shortfalls are primarily the result of temporary processing delays that will reverse in the current fiscal year. Other tobacco products revenues are largely performing as expected for the year, after adjusting for the impact of the new federal age restriction 7 1.7 5.4 Cigarette 64.2 76.7 762.9 824.3 -16.4 -7.5 Other Tobacco Products 9.0 9.6 96.3 96.0 -5.9 0.3 Malt Beverage 1.0 1.6 16.4 Hits: 3 |
MQRE_FY23-24_08_2023.pdf134 125 1,414 Cigarette 23 86 91 78 80 77 43 67 72 71 79 82 847 Other Tobacco Products 13 13 14 13 14 13 13 13 12 14 13 14 160 Malt Beverage 2 2 2 2 2 Non-Motor 12,645 12,708 -63 SUT - Motor 1,414 1,305 110 Cigarette 847 825 23 Other Tobacco Products 160 163 -4 Malt Beverage 23 22 1 Liquor 464 466 -2 Total Other Taxes 20,858 20,406 451 Hits: 3 |
Monthly_Economic_Update_Table_December_2020.pdf4.7% n.a. n.a. Quarterly Data 2019.3 2019.4 2020.1 2020.2 2020.3 Gross Domestic Product 7 2.5% 1.4% -5.8% -34.0% n.a. Personal Income 8 2.8% 2.8% 2.6% 0.86 0.84 0.89 Quarterly Data 2019.3 2019.4 2020.1 2020.2 2020.3 Gross Domestic Product 7 2.6% 2.4% -5.0% -31.4% 33.1% Personal Income 8 3.5% 3.5% 3.2% Hits: 3 |
Monthly_Economic_Update_September_2023.pdf4.6% 3.3% 4.6% Quarterly Data 2022.2 2022.3 2022.4 2023.1 2023.2 Gross Domestic Product 9 -0.9% 3.2% 3.2% 1.9% n.a. Personal Income 10 2.2% 3.5% 4.0% 106.1 105.8 n.a. Quarterly Data 2022.2 2022.3 2022.4 2023.1 2023.2 Gross Domestic Product 9 -0.6% 3.2% 2.6% 2.0% 2.1% Personal Income 10 3.2% 4.6% 5.1% Hits: 3 |
Monthly_Economic_Update_September_2022.pdf3.4% -2.2% n.a. Quarterly Data 2021.2 2021.3 2021.4 2022.1 2022.2 Gross Domestic Product 8 4.7% 2.4% 6.4% -2.0% n.a. Personal Income 9 -1.1% 2.3% 6.0% 2.97 2.97 3.45 Quarterly Data 2021.2 2021.3 2021.4 2022.1 2022.2 Gross Domestic Product 8 6.7% 2.3% 6.9% -1.6% -0.6% Personal Income 9 1.6% 5.3% 7.5% Hits: 3 |
Monthly_Economic_Update_September_2021_Indicators.pdf11.6% 6.0% n.a. Quarterly Data 2020.2 2020.3 2020.4 2021.1 2021.2 Gross Domestic Product 8 -34.0% 35.5% 3.7% 6.0% n.a. Personal Income 9 13.1% 9.0% 4.3% 1.44 1.24 1.30 Quarterly Data 2020.2 2020.3 2020.4 2021.1 2021.2 Gross Domestic Product 8 -31.2% 33.8% 4.5% 6.3% 6.6% Personal Income 9 10.9% 7.1% 4.8% Hits: 3 |
Monthly_Economic_Update_September_2021.pdf11.6% 6.0% n.a. Quarterly Data 2020.2 2020.3 2020.4 2021.1 2021.2 Gross Domestic Product 8 -34.0% 35.5% 3.7% 6.0% n.a. Personal Income 9 13.1% 9.0% 4.3% 1.44 1.24 1.30 Quarterly Data 2020.2 2020.3 2020.4 2021.1 2021.2 Gross Domestic Product 8 -31.2% 33.8% 4.5% 6.3% 6.6% Personal Income 9 10.9% 7.1% 4.8% Hits: 3 |
Monthly_Economic_Update_September_2020.pdf32.7% 13.8% n.a. Quarterly Data 2019.2 2019.3 2019.4 2020.1 2020.2 Gross Domestic Product 7 1.7% 2.1% 2.1% -5.6% n.a. Personal Income 8 5.1% 4.0% 4.0% 0.54 0.69 0.69 Quarterly Data 2019.2 2019.3 2019.4 2020.1 2020.2 Gross Domestic Product 7 1.5% 2.6% 2.4% -5.0% -31.7% Personal Income 8 4.1% 3.5% 3.5% Hits: 3 |
Monthly_Economic_Update_October_2022.pdf2.2% 4.6% -0.4% Quarterly Data 2021.2 2021.3 2021.4 2022.1 2022.2 Gross Domestic Product 8 4.6% 1.3% 8.4% -1.1% -0.9% Personal Income 9 0.0% 2.1% 5.8% 2.64 3.13 3.80 Quarterly Data 2021.2 2021.3 2021.4 2022.1 2022.2 Gross Domestic Product 8 7.0% 2.7% 7.0% -1.6% -0.6% Personal Income 9 2.1% 4.9% 6.9% Hits: 3 |
Monthly_Economic_Update_October_2021_Indicators.pdf6.0% n.a. n.a. Quarterly Data 2020.2 2020.3 2020.4 2021.1 2021.2 Gross Domestic Product 8 -32.4% 34.8% 5.2% 3.0% 5.9% Personal Income 9 13.0% 8.8% 4.5% 1.24 1.30 1.53 Quarterly Data 2020.2 2020.3 2020.4 2021.1 2021.2 Gross Domestic Product 8 -31.2% 33.8% 4.5% 6.3% 6.7% Personal Income 9 10.9% 7.1% 4.8% Hits: 3 |
Monthly_Economic_Update_October_2021.pdf6.0% n.a. n.a. Quarterly Data 2020.2 2020.3 2020.4 2021.1 2021.2 Gross Domestic Product 8 -32.4% 34.8% 5.2% 3.0% 5.9% Personal Income 9 13.0% 8.8% 4.5% 1.24 1.30 1.53 Quarterly Data 2020.2 2020.3 2020.4 2021.1 2021.2 Gross Domestic Product 8 -31.2% 33.8% 4.5% 6.3% 6.7% Personal Income 9 10.9% 7.1% 4.8% Hits: 3 |
Monthly_Economic_Update_November_2022.pdf4.6% -0.4% n.a. Quarterly Data 2021.3 2021.4 2022.1 2022.2 2022.3 Gross Domestic Product 8 1.3% 8.4% -1.1% -0.9% n.a. Personal Income 9 2.1% 5.8% -4.6% 3.13 3.80 4.08 Quarterly Data 2021.3 2021.4 2022.1 2022.2 2022.3 Gross Domestic Product 8 2.7% 7.0% -1.6% -0.6% 2.6% Personal Income 9 4.9% 6.9% -3.5% Hits: 3 |
Monthly_Economic_Update_May_2023.pdf1.6% -2.7% n.a. Quarterly Data 2022.1 2022.2 2022.3 2022.4 2023.1 Gross Domestic Product 8 -1.1% -0.9% 3.2% 3.2% n.a. Personal Income 9 -4.6% 2.2% 3.5% 110.0 108.6 107.5 Quarterly Data 2022.1 2022.2 2022.3 2022.4 2023.1 Gross Domestic Product 8 -1.6% -0.6% 3.2% 2.6% 1.1% Personal Income 9 -3.5% 3.2% 4.6% Hits: 3 |
Monthly_Economic_Update_May_2022.pdf12.7% n.a. n.a. Quarterly Data 2020.4 2021.1 2021.2 2021.3 2021.4 Gross Domestic Product 8 5.2% 2.7% 4.7% 2.4% 6.4% Personal Income 9 4.5% 15.6% -1.1% 1.84 2.33 2.89 Quarterly Data 2021.1 2021.2 2021.3 2021.4 2022.1 Gross Domestic Product 8 6.3% 6.7% 2.3% 6.9% -1.4% Personal Income 9 16.1% 1.6% 5.3% Hits: 3 |
Monthly_Economic_Update_May_2020.pdfn.a. n.a. n.a. Quarterly Data 2019.1 2019.2 2019.3 2019.4 2020.1 Gross Domestic Product 7 3.3% 1.7% 2.1% 2.1% n.a. Personal Income 8 5.0% 5.2% 4.0% 0.70 0.62 0.64 Quarterly Data 2019.1 2019.2 2019.3 2019.4 2020.1 Gross Domestic Product 7 3.1% 2.0% 2.1% 2.1% -4.8% Personal Income 8 4.6% 4.7% 4.2% Hits: 3 |
Monthly_Economic_Update_March_2023.pdf3.4% 4.5% n.a. Quarterly Data 2021.4 2022.1 2022.2 2022.3 2022.4 Gross Domestic Product 8 8.4% -1.1% -0.9% 3.2% n.a. Personal Income 9 5.8% -4.6% 2.3% 3.88 3.53 3.92 Quarterly Data 2021.4 2022.1 2022.2 2022.3 2022.4 Gross Domestic Product 8 7.0% -1.6% -0.6% 3.2% 2.7% Personal Income 9 6.9% -3.5% 3.2% Hits: 3 |
Monthly_Economic_Update_March_2022.pdfn.a. n.a. n.a. Quarterly Data 2020.4 2021.1 2021.2 2021.3 2021.4 Gross Domestic Product 8 5.2% 2.7% 4.7% 2.4% n.a. Personal Income 9 4.5% 15.6% -1.1% 1.51 1.78 1.84 Quarterly Data 2020.4 2021.1 2021.2 2021.3 2021.4 Gross Domestic Product 8 4.5% 6.3% 6.7% 2.3% 7.0% Personal Income 9 4.8% 16.1% 1.6% Hits: 3 |
Monthly_Economic_Update_March_2021.pdf5.1% -1.6% -4.9% Quarterly Data 2019.4 2020.1 2020.2 2020.3 2020.4 Gross Domestic Product 8 1.4% -5.8% -34.0% 35.5% n.a. Personal Income 9 2.8% 2.5% 13.1% 0.92 1.09 1.46 Quarterly Data 2019.4 2020.1 2020.2 2020.3 2020.4 Gross Domestic Product 8 2.4% -5.0% -31.4% 33.4% 4.1% Personal Income 9 3.5% 3.2% 10.7% Hits: 3 |
Monthly_Economic_Update_June_2023.pdf2.7% n.a. n.a. Quarterly Data 2022.1 2022.2 2022.3 2022.4 2023.1 Gross Domestic Product 8 -1.1% -0.9% 3.2% 3.2% n.a. Personal Income 9 -4.6% 2.2% 3.5% 108.6 107.5 106.7 Quarterly Data 2022.1 2022.2 2022.3 2022.4 2023.1 Gross Domestic Product 8 -1.6% -0.6% 3.2% 2.6% 1.3% Personal Income 9 -3.5% 3.2% 4.6% Hits: 3 |
Monthly_Economic_Update_June_2021_Indicators.pdf18.5% 41.6% 20.3% Quarterly Data 2020.1 2020.2 2020.3 2020.4 2021.1 Gross Domestic Product 8 -5.8% -34.0% 35.5% 3.7% n.a. Personal Income 9 2.5% 13.1% 9.0% 1.75 1.63 1.58 Quarterly Data 2020.1 2020.2 2020.3 2020.4 2021.1 Gross Domestic Product 8 -5.0% -31.4% 33.4% 4.3% 6.4% Personal Income 9 3.2% 10.7% 6.8% Hits: 3 |
Monthly_Economic_Update_June_2021.pdf18.5% 41.6% 20.3% Quarterly Data 2020.1 2020.2 2020.3 2020.4 2021.1 Gross Domestic Product 8 -5.8% -34.0% 35.5% 3.7% n.a. Personal Income 9 2.5% 13.1% 9.0% 1.75 1.63 1.58 Quarterly Data 2020.1 2020.2 2020.3 2020.4 2021.1 Gross Domestic Product 8 -5.0% -31.4% 33.4% 4.3% 6.4% Personal Income 9 3.2% 10.7% 6.8% Hits: 3 |
Monthly_Economic_Update_June_2020.pdfn.a. n.a. n.a. Quarterly Data 2019.1 2019.2 2019.3 2019.4 2020.1 Gross Domestic Product 7 3.3% 1.7% 2.1% 2.1% n.a. Personal Income 8 5.0% 5.2% 4.0% 0.62 0.64 0.70 Quarterly Data 2019.1 2019.2 2019.3 2019.4 2020.1 Gross Domestic Product 7 3.1% 2.0% 2.1% 2.1% -5.0% Personal Income 8 4.6% 4.7% 4.2% Hits: 3 |
Monthly_Economic_Update_July_2023.pdf3.7% 4.4% 4.6% Quarterly Data 2022.1 2022.2 2022.3 2022.4 2023.1 Gross Domestic Product 9 -1.1% -0.9% 3.2% 3.2% 1.9% Personal Income 10 -4.6% 2.2% 3.5% 107.5 106.7 n.a. Quarterly Data 2022.1 2022.2 2022.3 2022.4 2023.1 Gross Domestic Product 9 -1.6% -0.6% 3.2% 2.6% 2.0% Personal Income 10 -3.5% 3.2% 4.6% Hits: 3 |
Monthly_Economic_Update_July_2022.pdf0.4% 4.2% 3.4% Quarterly Data 2021.1 2021.2 2021.3 2021.4 2022.1 Gross Domestic Product 8 2.7% 4.7% 2.4% 6.4% -2.0% Personal Income 9 15.6% -1.1% 2.3% 2.89 2.84 2.97 Quarterly Data 2021.1 2021.2 2021.3 2021.4 2022.1 Gross Domestic Product 8 6.3% 6.7% 2.3% 6.9% -1.6% Personal Income 9 16.1% 1.6% 5.3% Hits: 3 |
Monthly_Economic_Update_July_2021_Indicators.pdf41.6% 20.3% 11.6% Quarterly Data 2020.1 2020.2 2020.3 2020.4 2021.1 Gross Domestic Product 8 -5.8% -34.0% 35.5% 3.7% 6.0% Personal Income 9 2.5% 13.1% 9.0% 1.63 1.58 1.44 Quarterly Data 2020.1 2020.2 2020.3 2020.4 2021.1 Gross Domestic Product 8 -5.0% -31.4% 33.4% 4.3% 6.4% Personal Income 9 3.2% 10.7% 6.8% Hits: 3 |
Monthly_Economic_Update_January_2023.pdf2.6% -1.2% n.a. Quarterly Data 2021.3 2021.4 2022.1 2022.2 2022.3 Gross Domestic Product 8 1.3% 8.4% -1.1% -0.9% 3.2% Personal Income 9 2.1% 5.8% -4.6% 4.08 3.70 3.88 Quarterly Data 2021.3 2021.4 2022.1 2022.2 2022.3 Gross Domestic Product 8 2.7% 7.0% -1.6% -0.6% 3.2% Personal Income 9 4.9% 6.9% -3.5% Hits: 3 |
Monthly_Economic_Update_January_2022.pdfn.a. n.a. n.a. Quarterly Data 2020.3 2020.4 2021.1 2021.2 2021.3 Gross Domestic Product 8 34.8% 5.2% 3.0% 5.9% 2.2% Personal Income 9 8.8% 4.5% 16.3% 1.56 1.44 1.51 Quarterly Data 2020.3 2020.4 2021.1 2021.2 2021.3 Gross Domestic Product 8 33.8% 4.5% 6.3% 6.7% 2.3% Personal Income 9 7.1% 4.8% 16.1% Hits: 3 |
Monthly_Economic_Update_January_2021_Indicators.pdf0.7% 5.1% n.a. Quarterly Data 2019.3 2019.4 2020.1 2020.2 2020.3 Gross Domestic Product 8 2.5% 1.4% -5.8% -34.0% 35.5% Personal Income 9 2.8% 2.8% 2.5% 0.84 0.92 1.14 Quarterly Data 2019.3 2019.4 2020.1 2020.2 2020.3 Gross Domestic Product 8 2.6% 2.4% -5.0% -31.4% 33.4% Personal Income 9 3.5% 3.5% 3.2% Hits: 3 |
Monthly_Economic_Update_January_2021.pdf0.7% 5.1% n.a. Quarterly Data 2019.3 2019.4 2020.1 2020.2 2020.3 Gross Domestic Product 8 2.5% 1.4% -5.8% -34.0% 35.5% Personal Income 9 2.8% 2.8% 2.5% 0.84 0.92 1.14 Quarterly Data 2019.3 2019.4 2020.1 2020.2 2020.3 Gross Domestic Product 8 2.6% 2.4% -5.0% -31.4% 33.4% Personal Income 9 3.5% 3.5% 3.2% Hits: 3 |
Monthly_Economic_Update_Indicators_February_2022.pdf9.0% n.a. n.a. Quarterly Data 2020.4 2021.1 2021.2 2021.3 2021.4 Gross Domestic Product 8 5.2% 2.7% 4.7% 2.4% n.a. Personal Income 9 4.5% 15.6% -1.1% 1.44 1.51 1.78 Quarterly Data 2020.4 2021.1 2021.2 2021.3 2021.4 Gross Domestic Product 8 4.5% 6.3% 6.7% 2.3% 6.9% Personal Income 9 4.8% 16.1% 1.6% Hits: 3 |
Monthly_Economic_Update_February_2022.pdf9.0% n.a. n.a. Quarterly Data 2020.4 2021.1 2021.2 2021.3 2021.4 Gross Domestic Product 8 5.2% 2.7% 4.7% 2.4% n.a. Personal Income 9 4.5% 15.6% -1.1% 1.44 1.51 1.78 Quarterly Data 2020.4 2021.1 2021.2 2021.3 2021.4 Gross Domestic Product 8 4.5% 6.3% 6.7% 2.3% 6.9% Personal Income 9 4.8% 16.1% 1.6% Hits: 3 |
Monthly_Economic_Update_February_2021_Indicators.pdf0.7% 5.1% n.a. Quarterly Data 2019.4 2020.1 2020.2 2020.3 2020.4 Gross Domestic Product 8 1.4% -5.8% -34.0% 35.5% n.a. Personal Income 9 2.8% 2.5% 13.1% 0.84 0.92 1.09 Quarterly Data 2019.4 2020.1 2020.2 2020.3 2020.4 Gross Domestic Product 8 2.4% -5.0% -31.4% 33.4% 4.0% Personal Income 9 3.5% 3.2% 10.7% Hits: 3 |
Monthly_Economic_Update_December_2022.pdf0.4% -2.6% n.a. Quarterly Data 2021.3 2021.4 2022.1 2022.2 2022.3 Gross Domestic Product 8 1.3% 8.4% -1.1% -0.9% n.a. Personal Income 9 2.1% 5.8% -4.6% 3.80 4.08 3.70 Quarterly Data 2021.3 2021.4 2022.1 2022.2 2022.3 Gross Domestic Product 8 2.7% 7.0% -1.6% -0.6% 2.9% Personal Income 9 4.9% 6.9% -3.5% Hits: 3 |
Monthly_Economic_Update_December_2020.pdf4.7% n.a. n.a. Quarterly Data 2019.3 2019.4 2020.1 2020.2 2020.3 Gross Domestic Product 7 2.5% 1.4% -5.8% -34.0% n.a. Personal Income 8 2.8% 2.8% 2.6% 0.86 0.84 0.89 Quarterly Data 2019.3 2019.4 2020.1 2020.2 2020.3 Gross Domestic Product 7 2.6% 2.4% -5.0% -31.4% 33.1% Personal Income 8 3.5% 3.5% 3.2% Hits: 3 |
Monthly_Economic_Update_August_2023.pdf4.4% 4.6% 3.3% Quarterly Data 2022.2 2022.3 2022.4 2023.1 2023.2 Gross Domestic Product 9 -0.9% 3.2% 3.2% 1.9% n.a. Personal Income 10 2.2% 3.5% 4.0% 106.7 106.1 105.8 Quarterly Data 2022.2 2022.3 2022.4 2023.1 2023.2 Gross Domestic Product 9 -0.6% 3.2% 2.6% 2.0% 2.4% Personal Income 10 3.2% 4.6% 5.1% Hits: 3 |
Monthly_Economic_Update_August_2022.pdf4.2% 3.4% n.a. Quarterly Data 2021.2 2021.3 2021.4 2022.1 2022.2 Gross Domestic Product 8 4.7% 2.4% 6.4% -2.0% n.a. Personal Income 9 -1.1% 2.3% 6.0% 2.84 2.97 2.97 Quarterly Data 2021.2 2021.3 2021.4 2022.1 2022.2 Gross Domestic Product 8 6.7% 2.3% 6.9% -1.6% -0.9% Personal Income 9 1.6% 5.3% 7.5% Hits: 3 |
Monthly_Economic_Update_August_2020.pdf4.3% 30.6% n.a. Quarterly Data 2019.2 2019.3 2019.4 2020.1 2020.2 Gross Domestic Product 7 1.7% 2.1% 2.1% -5.6% n.a. Personal Income 8 5.1% 4.0% 4.0% 0.65 0.54 0.64 Quarterly Data 2019.2 2019.3 2019.4 2020.1 2020.2 Gross Domestic Product 7 1.5% 2.6% 2.4% -5.0% -9.5% Personal Income 8 4.1% 3.5% 3.5% Hits: 3 |
Monthly_Economic_Update_April_4_2023.pdf4.5% n.a. n.a. Quarterly Data 2021.4 2022.1 2022.2 2022.3 2022.4 Gross Domestic Product 8 8.4% -1.1% -0.9% 3.2% 3.2% Personal Income 9 5.8% -4.6% 2.2% 110.3 110.0 n.a. Quarterly Data 2021.4 2022.1 2022.2 2022.3 2022.4 Gross Domestic Product 8 7.0% -1.6% -0.6% 3.2% 2.6% Personal Income 9 6.9% -3.5% 3.2% Hits: 3 |
Monthly_Economic_Update_April_25_2023.pdf4.5% n.a. n.a. Quarterly Data 2021.4 2022.1 2022.2 2022.3 2022.4 Gross Domestic Product 8 8.4% -1.1% -0.9% 3.2% 3.2% Personal Income 9 5.8% -4.6% 2.2% 110.3 110.0 108.6 Quarterly Data 2021.4 2022.1 2022.2 2022.3 2022.4 Gross Domestic Product 8 7.0% -1.6% -0.6% 3.2% 2.6% Personal Income 9 6.9% -3.5% 3.2% Hits: 3 |
Monthly_Economic_Update_April_2022.pdf1.4% n.a. n.a. Quarterly Data 2020.4 2021.1 2021.2 2021.3 2021.4 Gross Domestic Product 8 5.2% 2.7% 4.7% 2.4% 6.4% Personal Income 9 4.5% 15.6% -1.1% 1.78 1.84 2.33 Quarterly Data 2020.4 2021.1 2021.2 2021.3 2021.4 Gross Domestic Product 8 4.5% 6.3% 6.7% 2.3% 6.9% Personal Income 9 4.8% 16.1% 1.6% Hits: 3 |
Monthly_Economic_Update_April_2021_Indicators.pdf1.6% -4.9% 18.5% Quarterly Data 2019.4 2020.1 2020.2 2020.3 2020.4 Gross Domestic Product 8 1.4% -5.8% -34.0% 35.5% 3.7% Personal Income 9 2.8% 2.5% 13.1% 1.09 1.46 1.75 Quarterly Data 2019.4 2020.1 2020.2 2020.3 2020.4 Gross Domestic Product 8 2.4% -5.0% -31.4% 33.4% 4.3% Personal Income 9 3.5% 3.2% 10.7% Hits: 3 |
Monthly_Economic_Update_April_2020.pdfn.a. n.a. n.a. Quarterly Data 2019.1 2019.2 2019.3 2019.4 2020.1 Gross Domestic Product 7 3.3% 1.7% 2.1% 2.1% n.a. Personal Income 8 5.0% 5.2% 4.0% 1.13 0.70 0.65 Quarterly Data 2019.1 2019.2 2019.3 2019.4 2020.1 Gross Domestic Product 7 3.1% 2.0% 2.1% 2.1% n.a. Personal Income 8 4.6% 4.7% 4.2% Hits: 3 |
MER-2015-06.pdf8 June 2015 Monthly Economic Report Independent Fiscal Office - Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes inflation. 1 Personal Income The year-over-year Per Capita Growth by State In June, the U.S. Bureau of Economic Analysis released statistics for real gross domestic product (GDP) by state. The release includes revised figures for 1997 to 2013 and an advance estimate for 2014. The growth Hits: 3 |
MER-2015-01.pdf8 January 2015 Monthly Economic Report Independent Fiscal Office - Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes inflation. 1 Personal Income The year-over-year of 42 percent. 1 (Data through February 2, 2015.) Analysts attribute the decline to weak global de- mand and excess production from the Organization of Petroleum Exporting Countries, as well as domestic pro- ducers. The only time gasoline prices fell by Hits: 3 |
MER-2014-04.pdfApril 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 (Preliminary rate for 2014.1 proxy for economic activity in the Com‐ monwealth. A comparison of commercial truck vol‐ ume to real private gross state product (GSP) for Pennsylvania supports this narrative. Real private GSP is total economic output excluding the govern‐ ment sector, which tends Hits: 3 |
MER-2014-02.pdfFebruary 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ consumer spending. Consumer spending is a key driver of economic growth because it comprises roughly two‐thirds of gross domestic product. State level data on consumer spending are not availa‐ ble. States must rely on monthly sales tax collections to measure Hits: 3 |
HAC testimony Feb 2019.pdfof strength for the state economy is the robust labor market. For 2018, preliminary data suggest that the state economy produced more net payroll jobs than any year since 2000. The data also show that average wages grew by 3.0% inputs to those activities are accurately measured. The three tax credit reviews included the New Jobs, Historic Preservation and Film Production Tax Credits. The reviews included interstate comparisons and the computation of relevant economic metrics, such as net jobs created and Hits: 3 |
Grow PA 12.3.2019.pdfor Level PA Quarterly Economics 2018.3 2018.4 2019.1 2019.2 2019.3 2019.4 Real Gross Domestic Product 2.7% 2.5% 2.8% 2.1% --- --- Statewide Wages and Salaries 4.3% 3.2% 4.5% 5.0% Year-Over-Year Growth Rate, Change or Level PA Annual Economics 2015 2016 2017 2018 2019 2020 Real Gross Domestic Product 2.2% 1.3% 0.6% 2.6% 2.0% 1.5% Statewide Wages and Salaries 4.0% 1.3% Hits: 3 |
Economic_and_Revenue_Update_2020_10.pdfpatterns (e.g., more in-home dining), more online shopping, less travel, greater automation, more teleworking and reduced production capacity due to the elimination of numerous small businesses. Table 1.5 contains a comparison of year-over-year revenue growth rates 559 14.2 1,649 20.8 90 Cigarette 881 -4.7 921 -0.3 40 Other Tobacco Products 127 -0.3 127 -0.3 0 Malt Beverage 23 0.6 23 0.6 0 Liquor 412 12.7 412 12 Hits: 3 |
Demographics_Outlook_2022.pdfIFO based on data from the 2020 and 2021 Population Estimates by the U.S. Census Bureau. Various other Census products, data from the U.S. Centers for Disease Control and Prevention and data from the Pennsylvania Department of Health were and (2) individuals age 16 to 74 years of age. (Note: Prior to the COVID-19 pandemic, the Pennsylvania economy produced an average of 50,000 payroll jobs per annum.) These projections assume the following: All workers age 75 and Hits: 3 |
CNIT-Rate-Cut-2018-04.pdf2016‐17. The final three columns display the average annual growth rate of CNIT revenues and state private gross domestic product (GDP) during the decade, and the difference in average annual growth rates. 11 Academic research finds a strong and unambiguous 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 to fundamental Hits: 3 |
2012-08 Monthly Economic Summary_Final.pdfQuarterly United States Economic Indicators 2011.4 4.1% 4.1% 9.2% -2.5% 7.2% Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes inflation. 1 Personal Income The year-over-year trillion. The value for 2012 Q2 represents a historic high, in absolute terms and as a share of gross domestic product (GDP). Many analysts have questioned whether recent historic profit levels can be sustained, or whether profits will revert to a Hits: 3 |
Wage_Contracts_PDA.pdfconduct a job study to determine the appropriate pay scale group for positions covered under the PDA contract. The study produced an upward revision to wages, but that change was not implemented prior to August 12, 2016. Therefore, actual base wages 10-02 18:47:26 Creator: Adobe Acrobat Pro DC 15.6.30355 ModDate: 2017-10-02 18:47:48 Producer: Adobe PDF Library 15.0 Hits: 2 |
TC_Board_Hearing_Jan_10_2023.pdfbarrel of ethane used to manufacture ethylene ▪ Ethane = a component of natural gas ▪ Large petrochemical facilities “steam crack” ethane to produce ethylene ▪ Ethylene = primary raw material used in polyethylene ▪ Polyethylene is most widely used plastic in the world Requirements ▪ Firms must CreationDate: 2023-01-10 13:49:56 Creator: Microsoft® PowerPoint® for Microsoft 365 ModDate: 2023-01-10 13:51:12 Producer: Microsoft® PowerPoint® for Microsoft 365 Hits: 2 |
SR2013-07-section-4-data.xlsxis the PA-DE-NJ-MD CPI-U. Data from U.S. Bureau of Labor Statistics. 5 Nominal Gross State Product (GSP) includes inflation. Data from U.S. Bureau of Economic Analysis. Source: Pennsylvania Independent Fiscal Office. Figure 4.2 Annual is the PA-DE-NJ-MD CPI-U. Data from U.S. Bureau of Labor Statistics. 5 Nominal Gross State Product (GSP) includes inflation. Data from U.S. Bureau of Economic Analysis. Source: Pennsylvania Independent Fiscal Office. Creator: Matthew Knittel LastModifiedBy Hits: 2 |
SD_Prop_Tax_Update_Jun_2023.pdflow property tax amount (e.g., less than $500). INDEPENDENT FISCAL OFFICE PAGE 6 Appendix Staff Acknowledgements This report was produced by Jesse Bushman. Questions regarding the report can be directed to jbushman@ifo.state.pa.us. 21-22 21-22 CreationDate: 2023-06-28 12:52:46 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-06-28 16:40:46 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
SD_Prop_Tax_Update_Aug_2022.pdflow property tax amount (e.g., less than $500). INDEPENDENT FISCAL OFFICE PAGE 6 Appendix Staff Acknowledgements This report was produced by Jesse Bushman. Questions regarding the report can be directed to jbushman@ifo.state.pa.us. 20-21 20-21 Creator: Microsoft® Word for Microsoft 365 CreationDate: 2022-08-16 12:11:15 ModDate: 2022-08-16 12:11:15 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
SD_Property_Tax_Forecast_Nov_2021.pdfproperty tax implicitly paid by renters is not included in the computations in Table 5. Staff Acknowledgements This report was produced by Jesse Bushman and Rachel Flaugh. Questions regarding the report can be directed to jbushman@ifo.state.pa.us. 2019- CreationDate: 2021-11-08 16:21:36 Creator: Microsoft® Word for Microsoft 365 ModDate: 2021-11-08 16:22:09 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
Revenue_Estimate_Performance_2023_08.pdfSUT), (5) higher prices that were pushed forward to consumers (CNIT) and (6) shifts in consumer purchases to higher margin products (CNIT). The January estimate incorporated an upward revision of $3,407 million, but actual revenues dramatically outperformed those projections by CreationDate: 2023-08-09 15:14:05 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-08-09 15:22:36 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
Revenue-Estimate-Performance_2022_10.pdfSUT), (5) higher prices that were pushed forward to consumers (CNIT) and (6) shifts in consumer purchases to higher margin products (CNIT). The January estimate incorporated an upward revision of $3,407 million, but actual revenues dramatically outperformed those projections by 12 15:52:13 Creator: Acrobat PDFMaker 20 for Word ModDate: 2022-10-12 15:52:38 Order: 3964800.000000 Producer: Adobe PDF Library 20.5.199 Hits: 2 |
Response-Letter-9-30-2019.pdfreturns with federal tax data. Since local collectors lack these resources, imposing the tax at the local level would likely produce reduced collections. The PIT estimates included in the enclosed table are calculated using the current state tax base and assume are excluded. CreationDate: 2019-09-30 17:37:35 Creator: Microsoft® Word 2016 ModDate: 2021-01-25 18:16:42 Producer: Microsoft® Word 2016 Hits: 2 |
RB_2023_08_Wage_Contract.pdftheir contributions by 50% for voluntary participation in the Commonwealth’s Get Healthy wellness program. Staff Acknowledgments This report was produced by Joe Shockey. Questions regarding this report can be directed to jshockey@ifo.state.pa.us. 2 The data include CreationDate: 2023-08-14 18:17:53 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-08-14 18:18:36 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2023_08_PTRR_Expansion.pdfExpansion Impact by County Affected Claimants Total Increase ($000s) Independent Fiscal Office Page 4 Staff Acknowledgments This research brief was produced by Jesse Bushman. Questions regarding this research brief can be directed to jbushman@ifo.state.pa.us. Avg. County Owner CreationDate: 2023-08-09 13:39:02 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-08-09 13:48:17 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2023_08_Property_Tax_Burden_by_County.pdfof its population is institutionalized, which results in unusually low property tax and income levels. Staff Acknowledgments This report was produced by Jesse Bushman. Questions regarding this report can be directed to jbushman@ifo.state.pa.us. CreationDate: 2023-08-22 14:37:31 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-08-22 14:53:25 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2023_06_Student_Loan_Repayment.pdfby $2.0 billion. Labor income includes employee compensation and self- employment income. 8 ▪ Value Added or nominal Gross Domestic Product (GDP) falls by $3.4 billion. This metric does not double count sales as they move through supply chains. ▪ Total CreationDate: 2023-06-12 16:52:48 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-06-12 16:54:33 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2023_06_Jackpot_Lottery.pdfand Property Tax and Rent Rebate (PTRR) program (includes administration, $244 million). 5 Staff Acknowledgments This research brief was produced by Karen Maynard. Questions regarding this research brief can be directed to kmaynard@ifo.state.pa.us. 4 These calculations 2023-06-13 17:53:25 Creator: PScript5.dll Version 5.2.2 ModDate: 2023-06-13 18:16:25 Producer: Acrobat Distiller 20.0 (Windows) Hits: 2 |
RB_2023_05_Migration.pdfIncome Division, SOI Tax Stats, Migration Data 2020-2021. Independent Fiscal Office Page 3 Staff Acknowledgments This research brief was produced by Frank Lill. Questions regarding this research brief can be directed to flill@ifo.state.pa.us. Individuals AGI Individuals CreationDate: 2023-05-03 13:21:27 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-05-03 13:21:58 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2023_03_Rental_Assistance.pdfTreasury, 2022 Q4 and beyond projections by IFO. Independent Fiscal Office Page 3 Staff Acknowledgements Mathieu Taylor and Michaela Miller produced this research brief. Questions regarding this document can be directed to mtaylor@ifo.state.pa.us or mmiller@ifo.state CreationDate: 2023-03-07 13:01:06 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-03-07 13:21:16 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2023_03_Rainy_Day_Fund.pdfBudget Reserves Buffer Against Mounting Fiscal Threats" (March 16, 2023). Independent Fiscal Office Page 3 Staff Acknowledgments This report was produced by Robyn Toth. Questions regarding this report can be directed to rtoth@ifo.state.pa.us. State Rank Amount Share CreationDate: 2023-03-24 16:24:22 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-03-24 16:24:56 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2023_03_Expiration_of_the_Enhanced_FMAP.pdfFMAP Phaseout and MA Disenrollments Note: Dollar millions. Source: Estimates by the IFO. Staff Acknowledgements Michaela Miller and Frank Lill produced this research brief. Questions regarding this document can be directed to mmiller@ifo.state.pa.us or flill@ifo.state 2023-04-06 18:28:06 Creator: PScript5.dll Version 5.2.2 ModDate: 2023-04-06 18:28:22 Producer: Acrobat Distiller 20.0 (Windows) Hits: 2 |
RB_2023_03_Electricity_Update.pdfprice increase from 2021 to 2022, generated only 6% of its electricity with natural gas. Staff Acknowledgments This report was produced by Jesse Bushman. Questions regarding this report can be directed to jbushman@ifo.state.pa.us. State 2018 2022 Growth CreationDate: 2023-03-03 18:43:43 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-03-03 18:45:15 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2023_02_ChildCare.pdfBLS QCEW (Quarter 2 2022). Regional funding from DHS. Calculations by the IFO. Staff Acknowledgements Mathieu Taylor and Frank Lill produced this research brief. Questions regarding this document can be directed to mtaylor@ifo.state.pa.us or flill@ifo.state CreationDate: 2023-02-27 14:26:40 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-02-27 14:27:22 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2022_08 County Income Patterns.pdfSmall Business Administration, PPP Freedom of Information Act Dataset, 2020 (Web) Staff Acknowledgements Michaela Miller, Mitchell Young and Mathieu Taylor produced this research brief. Questions regarding this document can be directed to mmiller@ifo.state.pa.us. Office Phone: 717-230- 2022-08-15 17:41:16 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-08-15 17:42:09 Producer: Acrobat Distiller 20.0 (Windows) Title: Microsoft Word - CIP Draft v6 - Copy Hits: 2 |
RB_2022_06_PA_Gasoline_Tax.pdfand bridge infrastructure program and limit access to federal reimbursement for project costs. Staff Acknowledgements Joseph Shockey and Michaela Miller produced this research brief. Questions regarding this document can be directed to jshockey@ifo.state.pa.us or contact@ifo.state CreationDate: 2022-06-13 12:56:29 Creator: Microsoft® Word for Microsoft 365 ModDate: 2022-06-13 12:57:05 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2022_06_Act_105_Pre-Funding_Impact.pdfover this time period will affect all SERS employers, as illustrated in Tables 4 and 5. Staff Acknowledgements Mathieu Taylor produced this research brief. Questions regarding this document can be directed to mtaylor@ifo.state.pa.us. Office Website: www.ifo CreationDate: 2022-06-13 13:34:40 Creator: Microsoft® Word for Microsoft 365 ModDate: 2022-06-13 13:34:54 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2022_03_Student_Loan.pdfwww.brookings.edu/research/student-loan- forgiveness-is-regressive-whether-measured-by-income-education-or-wealth/. Staff Acknowledgements Lesley McLaughlin produced this research brief. Questions regarding this document can be directed to lmclaughlin@ifo.state.pa.us or contact@ifo.state CreationDate: 2022-03-08 14:22:46 Creator: Microsoft® Word for Microsoft 365 ModDate: 2022-03-08 14:23:27 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2022_01 COVID-19 Impact on Deaths.pdfcohort comprised roughly 89% of higher deaths in 2020 compared to the latest pre-COVID trends. Staff Acknowledgements Michaela Miller produced this research brief. Questions regarding this document can be directed to mmiller@ifo.state.pa.us or contact@ifo.state 2022-02-10 13:58:30 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-07-20 16:14:48 Producer: Acrobat Distiller 15.0 (Windows) Hits: 2 |
RB_2021_11_Wage_Growth.pdfYOY growth in the Philadelphia CPI-U through 2021 Q3. Employee compensation typically comprises about 56% of state Gross Domestic Product, or final sales. Given that large share, and the current ability of firms to push costs forward to consumers, most CreationDate: 2021-11-03 13:02:07 Creator: Microsoft® Word for Microsoft 365 ModDate: 2021-11-03 13:03:01 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2021_09_Pension_Outlook.pdflegal obligation to provide support to a county or municipal system that might require future assistance. Staff Acknowledgements Mathieu Taylor produced this research brief. Questions regarding this document can be directed to mtaylor@ifo.state.pa.us. Office Website: www.ifo CreationDate: 2021-09-28 12:02:17 Creator: Microsoft® Word for Microsoft 365 ModDate: 2021-09-28 13:46:46 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
RB_2021_03 COVID-19 Impact on Deaths.pdfU.S. Centers for Disease Control and Prevention. Calculations and estimates for 2021 by the IFO. Staff Acknowledgements Michaela Miller produced this research brief. Questions regarding this document can be directed to mmiller@ifo.state.pa.us or contact@ifo.state 2021-09-30 18:15:31 Creator: PScript5.dll Version 5.2.2 ModDate: 2021-09-30 18:16:01 Producer: Acrobat Distiller 15.0 (Windows) Title: RB_2021_03 COVID-19 Impact on Deaths Hits: 2 |
RB_08_2023_County_Income_Patterns.pdfU.S. Small Business Administration, PPP Freedom of Information Act Dataset, 2021. (Web) Staff Acknowledgements Rachel Flaugh and Michaela Miller produced this research brief. Questions regarding this document can be directed to rflaugh@ifo.state.pa.us. Company: Microsoft ContentTypeId: 0x0101007286B3A41AAE134DA202BF9306CA733E CreationDate: 2023-08-24 16:51:46 Creator: Acrobat PDFMaker 20 for Word ModDate: 2023-08-24 16:52:23 Producer: Adobe PDF Library 20.5.50 Hits: 2 |
RB-2020-COVID-19 Local Revenue Impact.pdfand are therefore unaffected by reduced gaming collections related to COVID-19 (e.g., Pittsburgh). Acknowledgements This research brief was produced by Jesse Bushman, Rachel Flaugh and Robyn Toth. Questions regarding this brief can be directed to jbushman@ifo.state.pa by IFO. CreationDate: 2020-07-14 12:52:09 Creator: Microsoft® Word 2016 ModDate: 2020-07-16 17:40:07 Producer: Microsoft® Word 2016 Hits: 2 |
QRR_2016Q1.pdfrecent publication detailing the quarterly revenue estimates is available at www.ifo.state.pa.us. The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for 21 20:31:02 Creator: PScript5.dll Version 5.2.2 ModDate: 2016-04-21 20:31:02 Producer: Acrobat Distiller 10.1.16 (Windows) Title: Microsoft Word - QRR_2016Q1 Hits: 2 |
QRR_2015Q4.pdfrecent publication detailing the quarterly revenue estimates is available at www.ifo.state.pa.us. The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for 01 17:01:46 Creator: Acrobat PDFMaker 10.1 for Word ModDate: 2016-02-01 17:01:51 Producer: Adobe PDF Library 10.0 SourceModified: D:20160201170105 Hits: 2 |
QRR_2015Q3.pdfdetailing the annual and quarterly revenue estimates are available at www.ifo.state.pa.us. The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for 23 20:58:43 Creator: Acrobat PDFMaker 10.1 for Word ModDate: 2015-10-23 20:58:46 Producer: Adobe PDF Library 10.0 SourceModified: D:20151023205543 Hits: 2 |
QRR_2015Q2.pdfApril to June 2015 Quarterly Revenue Review Fiscal Year 2014-15 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for 24 20:48:22 Creator: Acrobat PDFMaker 10.1 for Word ModDate: 2015-07-24 20:48:25 Producer: Adobe PDF Library 10.0 SourceModified: D:20150724204759 Hits: 2 |
QRR_2015Q1.pdfJanuary to March 2015 Quarterly Revenue Review Fiscal Year 2014-15 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for 29 13:40:32 Creator: PScript5.dll Version 5.2.2 ModDate: 2015-04-29 13:40:32 Producer: Acrobat Distiller 10.1.13 (Windows) Title: Microsoft Word - QRR_2015Q1 Hits: 2 |
QRR_2014Q4.pdfOctober to December 2014 Quarterly Revenue Review Fiscal Year 2014-15 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for 21 18:02:13 Creator: PScript5.dll Version 5.2.2 ModDate: 2015-01-21 18:02:13 Producer: Acrobat Distiller 10.1.9 (Windows) Title: Microsoft Word - QRR_2014Q4 Hits: 2 |
QRR_2014Q2.pdfApril to June 2014 Quarterly Revenue Review Fiscal Year 2013-14 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for 23 19:03:22 Creator: PScript5.dll Version 5.2.2 ModDate: 2014-07-23 19:03:22 Producer: Acrobat Distiller 10.1.9 (Windows) Title: Microsoft Word - QRR_2014Q2 Hits: 2 |
QRR_2013Q4.pdfOctober to December 2013 Quarterly Revenue Review Fiscal Year 2013-14 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context and 22 19:24:37 Creator: PScript5.dll Version 5.2.2 ModDate: 2014-01-22 19:24:37 Producer: Acrobat Distiller 10.1.8 (Windows) Title: Microsoft Word - QRR - 2013Q4-final Hits: 2 |
QRR_2013Q3.pdfJuly to September 2013 Quarterly Revenue Review Fiscal Year 2013-14 Page 1 Introduction The Independent Fiscal Office (IFO) produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context and 31 17:31:09 Creator: Acrobat PDFMaker 10.1 for Word ModDate: 2013-12-31 17:31:12 Producer: Adobe PDF Library 10.0 SourceModified: D:20131231172823 Hits: 2 |
Public_Data-General_Fund.xlsxInsurance Premiums Financial Institutions | Sales and Use - Total Sales and Use - Nonmotor Sales and Use - Motor Vehicle Cigarette Other Tobacco Products Malt Beverage Liquor | Personal Income - Total PIT - Withholding PIT Non-withholding Realty Transfer Inheritance Table Games Minor and Repealed | Liquor Insurance Premiums Financial Institutions | Sales and Use - Total Sales and Use - Nonmotor Sales and Use - Motor Vehicle Cigarette Other Tobacco Products Malt Beverage Liquor | Personal Income - Total PIT - Withholding PIT Non-withholding Realty Transfer Inheritance Table Games Minor and Repealed | Liquor Hits: 2 |
PSCOA Wage Contract Analysis- 2020.pdf1 Unlike most contracts with public safety units, this one-year agreement was achieved through negotiations and was not the product of an interest arbitration award. Therefore, the contract is subject to IFO review. June 26, 2020 Page 2 agreement. The Table 2 CreationDate: 2020-06-26 12:58:33 Creator: Microsoft® Word 2016 ModDate: 2020-06-26 14:10:41 Producer: Microsoft® Word 2016 Hits: 2 |
PSBA_January_19_2022.pdftax: 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 Age Cohort Number of PA) Note: Millions of dollars. CreationDate: 2022-01-18 23:16:36 ModDate: 2022-01-18 23:16:36 Producer: Microsoft® PowerPoint® for Microsoft 365 Creator: Microsoft® PowerPoint® for Microsoft 365 Hits: 2 |
PSBA Presentation - Final.pdfexclude WIC & SNAP) $1,500 22.0% Clothing and Footwear >$50 (single item) $519 7.6% All Other Goods (hygiene products, non-prescription drugs) $348 5.1% Healthcare Services (exclude gov’t and tax-exempts) $915 13.4% Recreational Services (movies CreationDate: 2017-02-13 14:59:04 Creator: Acrobat PDFMaker 15 for PowerPoint ModDate: 2017-02-13 14:59:06 Producer: Adobe PDF Library 15.0 Title: PowerPoint Presentation Hits: 2 |
Prop_Tax_Burden_by_County_2022.pdfof its population is institutionalized, which resulted in unusually low property tax and income levels. Staff Acknowledgments This report was produced by Jesse Bushman and Rachel Flaugh. Questions regarding this report can be directed to jbushman@ifo.state.pa.us. Author Creator: Microsoft® Word for Microsoft 365 CreationDate: 2022-09-06 15:17:03 ModDate: 2022-09-06 15:17:03 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
PMTA_Presentation_April_2023.pdfbillion in FY 23-24 4 Shift funding for State Police from Motor License Fund to other sources ▪ Other tobacco products + liquor tax + motor vehicle sales tax (~$1.0 billion FY 23-24) April 19, 2023 18 Presentation Posted to IFO CreationDate: 2023-04-20 22:01:48 Creator: Microsoft® PowerPoint® for Microsoft 365 ModDate: 2023-04-20 22:04:50 Producer: Microsoft® PowerPoint® for Microsoft 365 Hits: 2 |
PICA_Presentation_2020_11.pdfand Universities excludes state system which is included with state government. Source: U.S. Bureau of Labor Statistics. COVID-19 Produces Permanent Structural Changes Telecommuting and remote working Gasoline consumption down ~10% | ~$1.5 billion spending (redirected) Excess supply 2020 10 CreationDate: 2020-11-17 21:25:29 Creator: Microsoft® PowerPoint® 2016 ModDate: 2020-11-18 14:53:47 Producer: Microsoft® PowerPoint® 2016 Hits: 2 |
PBB_2021_PennDOT_REPORT_ADDENDUM.pdfeligible customers the opportunity to apply for voter registration. The primary goal of this activity is to provide motor vehicle products and services to allow Pennsylvania residents to operate safely on state roadways. The expected outcome is the timely and accurate CreationDate: 2021-08-06 14:49:46 Creator: Microsoft® Word for Microsoft 365 ModDate: 2021-09-24 17:55:47 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
PBB_2021_DHS_REPORT_ADDENDUM.pdfhave exhausted other placement options. It is certified by the U.S. Centers for Medicare and Medicaid Services (CMS) which produces monthly fa- cility ratings. South Mountain rates high (4 to 5 stars) for staffing and quality of care (QM). In Creator: Microsoft® Word for Microsoft 365 CreationDate: 2021-09-24 18:23:37 ModDate: 2021-09-24 18:23:37 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
PBB-Board-Hearings-Schedule-2019.pdf1- NOB meetings rescheduled Hearing Room 1- NOB Department of Corrections Tax Credit Reviews: Pennsylvania Board of Probation and Film Production, New Jobs, Historic Parole Preservation Incentive Juvenile Court Judges' Commission 11:30 A.M. - 1:30 P.M. Pennsylvania Commission 2019-01-22 15:08:45 Creator: PScript5.dll Version 5.2.2 ModDate: 2019-01-22 15:08:45 Producer: Acrobat Distiller 15.0 (Windows) Title: Microsoft Word - PBB-Board-Hearings-Schedule-2019 Hits: 2 |
PBB-Board-Hearing-Agenda-January 2019-Revised.pdfDirector, Independent Fiscal Office Brenda Warburton, Deputy Director, Independent Fiscal Office 10:15am - 11:30am Review of Tax Credits (Film Production, New Jobs & Historical Preservation Incentive) Amy Gill, Deputy Secretary of Tax Policy, Department of Revenue Scott Dunkelberger, Executive Deputy Secretary CreationDate: 2019-01-23 16:44:32 Creator: Acrobat PDFMaker 11 for Word ModDate: 2019-01-23 18:52:41 Producer: Adobe PDF Library 11.0 SourceModified: D:20190123164426 Hits: 2 |
PBB Board Hearing Agenda- January 2019.pdfDirector, Independent Fiscal Office Brenda Warburton, Deputy Director, Independent Fiscal Office 10:15am - 12:00pm Review of Tax Credits (Film Production, New Jobs & Historical Preservation Incentive) Amy Gill, Deputy Secretary of Tax Policy, Department of Revenue Scott Dunkelberger, Executive Deputy Secretary CreationDate: 2019-01-15 17:35:44 Creator: Acrobat PDFMaker 11 for Word ModDate: 2019-01-16 18:35:55 Producer: Adobe PDF Library 11.0 SourceModified: D:20190109183637 Hits: 2 |
PA_Economy_League_Presentation.pdfto some degree on higher income or sales taxes. All property tax payers or homeowners only? Large tax changes produce winners and losers. All current homeowners benefit from a windfall gain. Impact on new homebuyers is unclear. CreationDate: 2017-05-17 16:47:07 Creator: Acrobat PDFMaker 15 for PowerPoint ModDate: 2017-05-17 16:47:11 Producer: Adobe PDF Library 15.0 Title: PowerPoint Presentation Hits: 2 |
PA_Assoc_of_Community_Bankers_Presentation_2020_12.pdfand Universities excludes state system which is included with state government. Source: U.S. Bureau of Labor Statistics. COVID-19 Produces Permanent Structural Changes Telecommuting and remote working Gasoline consumption down ~10% | ~$1.5 billion spending (redirected) Excess supply 2020 10 CreationDate: 2020-12-09 14:31:13 Creator: Microsoft® PowerPoint® 2016 ModDate: 2020-12-09 14:44:23 Producer: Microsoft® PowerPoint® 2016 Hits: 2 |
novak ppt.pdfand only if the tax system matches the economy. • Government sector debts suggest further employment and spending cuts Gross Domestic Product Pennsylvania * 4-quarter growth rates in real terms Percent -6 -4 -2 0 2 4 6 8 Personal Income GDP Title: External Slide Show Author: frbp CreationDate: 2012-01-18 15:13:37 ModDate: 2012-01-18 15:13:37 Producer: Microsoft® PowerPoint® 2010 Creator: Microsoft® PowerPoint® 2010 Hits: 2 |
NewsStand_2019_September.pdfTitle of Most Diverse State Economy Bloomberg recently released an Economic Diversity Index for the nation, based on gross domestic product (GDP) by industry and government. A diverse economy helps insulate states from large economic swings when one industry has an 25,700 jobs. Author: Tessa Dorr CreationDate: 2019-09-25 17:17:14 ModDate: 2019-09-25 17:17:14 Producer: Microsoft® Publisher 2016 Creator: Microsoft® Publisher 2016 Hits: 2 |
Newsstand_2018_October.pdfreleased for the third quar- ter until December 20, 2018 (state personal income) and January 29, 2019 (state gross domestic product). PA Social Security Payments to Increase by $1.3 Billion in CY 2019 On October 11, the U.S. Social of the economy Author: Tessa Dorr CreationDate: 2018-11-20 20:42:08 ModDate: 2018-11-20 20:42:08 Producer: Microsoft® Publisher 2016 Creator: Microsoft® Publisher 2016 Hits: 2 |
Newsstand_2018_May.pdfa faster rate than the nation as a whole and home sales increased for the sixth consecutive year. These factors produced stronger-than-anticipated revenues for wage, sales, business, property, and real estate transfer taxes. The report also discusses recent social 2018-05-16 16:46:55 Creator: PScript5.dll Version 5.2.2 ModDate: 2018-05-16 16:48:17 Producer: Acrobat Distiller 15.0 (Windows) Title: 2018 May.pub Hits: 2 |
MTR-2016-06.pdfStates Pennsylvania 2015.2 2015.3 2015.4 2016.1 2015.2 2015.3 2015.4 2016.1 Gross Domestic Product 8 3.9% 2.0% 1.4% 1.1% 0.2% 2.0% 1.7% n.a. Personal Income 9 2016-07-08 14:35:03 Creator: PScript5.dll Version 5.2.2 ModDate: 2016-07-08 14:35:03 Producer: Acrobat Distiller 10.1.15 (Windows) Title: MTR-2016-06 Hits: 2 |
MTR-2016-05.pdfStates Pennsylvania 2015.2 2015.3 2015.4 2016.1 2015.2 2015.3 2015.4 2016.1 Gross Domestic Product 8 3.9% 2.0% 1.4% 0.8% 4.1% 2.5% n.a. n.a. Personal Income 9 the previous year. Author: Lauren Mondschein CreationDate: 2016-06-03 12:50:14 ModDate: 2016-06-03 12:50:14 Producer: Microsoft® Publisher 2010 Creator: Microsoft® Publisher 2010 Hits: 2 |
MTR-2016-04.pdfStates Pennsylvania 2015.2 2015.3 2015.4 2016.1 2015.2 2015.3 2015.4 2016.1 Gross Domestic Product 8 3.9% 2.0% 1.4% 0.5% 4.1% 2.5% n.a. n.a. Personal Income 9 2016-05-03 12:44:34 Creator: PScript5.dll Version 5.2.2 ModDate: 2016-05-03 12:44:34 Producer: Acrobat Distiller 10.1.15 (Windows) Title: MTR-2016-4 v11, data updated next day Hits: 2 |
MTR-2016-03.pdfStates Pennsylvania 2015.1 2015.2 2015.3 2015.4 2015.1 2015.2 2015.3 2015.4 Gross Domestic Product 8 0.6% 3.9% 2.0% 1.4% -0.7% 4.1% 2.5% n.a. Personal Income 9 the previous year. Author: Lauren Mondschein CreationDate: 2016-04-01 16:48:30 ModDate: 2016-04-01 16:48:30 Producer: Microsoft® Publisher 2010 Creator: Microsoft® Publisher 2010 Hits: 2 |
MTR-2016-02.pdfStates Pennsylvania 2015.1 2015.2 2015.3 2015.4 2015.1 2015.2 2015.3 2015.4 Gross Domestic Product 8 0.6% 3.9% 2.0% 1.0% -0.7% 4.1% n.a. n.a. Personal Income 9 2016-03-08 20:44:17 Creator: PScript5.dll Version 5.2.2 ModDate: 2016-03-08 20:44:17 Producer: Acrobat Distiller 10.1.15 (Windows) Title: MTR-2016-2 v5 Hits: 2 |
MTR-2016-01.pdfStates Pennsylvania 2015.1 2015.2 2015.3 2015.4 2015.1 2015.2 2015.3 2015.4 Gross Domestic Product 8 0.6% 3.9% 2.0% 0.7% -0.7% 4.1% n.a. n.a. Personal Income 9 2016-02-05 21:09:46 Creator: PScript5.dll Version 5.2.2 ModDate: 2016-02-05 21:09:46 Producer: Acrobat Distiller 10.1.15 (Windows) Title: MTR-2016-1 v4 Hits: 2 |
MTR-2015-10.pdfStates Pennsylvania 2014.4 2015.1 2015.2 2015.3 2014.4 2015.1 2015.2 2015.3 Gross Domestic Product 8 2.1% 0.6% 3.9% 1.5% 1.8% n.a n.a. n.a. Personal Income 9 2015-11-02 17:54:42 Creator: PScript5.dll Version 5.2.2 ModDate: 2015-11-02 17:54:42 Producer: Acrobat Distiller 10.1.16 (Windows) Title: MTR-2015-10-Final2 (Read-Only) Hits: 2 |
MTR-2015-09.pdfStates Pennsylvania 2014.3 2014.4 2015.1 2015.2 2014.3 2014.4 2015.1 2015.2 Gross Domestic Product 8 4.3% 2.1% 0.6% 3.9% 1.8% 1.8% n.a. n.a. Personal Income 9 2015-10-16 19:43:32 Creator: PScript5.dll Version 5.2.2 ModDate: 2015-10-16 19:43:32 Producer: Acrobat Distiller 10.1.16 (Windows) Title: MTR-2015-09 Hits: 2 |
MTR-2015-08.pdfStates Pennsylvania 2014.3 2014.4 2015.1 2015.2 2014.3 2014.4 2015.1 2015.2 Gross Domestic Product 8 4.3% 2.1% 0.6% 3.7% 1.8% 1.8% n.a. n.a. Personal Income 9 2015-09-04 13:16:08 Creator: PScript5.dll Version 5.2.2 ModDate: 2015-09-04 13:16:08 Producer: Acrobat Distiller 10.1.15 (Windows) Title: MTR-2015-08 v3 Hits: 2 |
MTR-2015-07.pdfStates Pennsylvania 2014.3 2014.4 2015.1 2015.2 2014.3 2014.4 2015.1 2015.2 Gross Domestic Product 8 4.3% 2.1% 0.6% 2.3% 1.8% 1.8% n.a. n.a. Personal Income 9 2015-08-05 13:09:04 Creator: PScript5.dll Version 5.2.2 ModDate: 2015-08-05 13:09:04 Producer: Acrobat Distiller 10.1.15 (Windows) Title: MTR-2015-07 Hits: 2 |
MRU_2023_08.pdf2 -7.8 -3.0 Cigarette 76.9 86.0 92.1 116.5 -10.6 -20.9 Other Tobacco Products 12.1 12.4 24.6 24.8 -2.4 -0.8 Malt Beverage 1.7 1.9 3.9 CreationDate: 2023-09-05 12:16:04 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2023-09-05 12:16:53 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2023_07.pdf4 2.7 2.7 Cigarette 15.2 30.5 15.2 30.5 -50.1 -50.1 Other Tobacco Products 12.5 12.4 12.5 12.4 0.8 0.8 Malt Beverage 2.2 2.1 2.2 CreationDate: 2023-08-01 16:52:57 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2023-08-01 16:53:46 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2023_06.pdf9 -21.4 -24.7 Cigarette 85.5 93.6 772.9 874.1 -8.7 -11.6 Other Tobacco Products 13.3 12.8 152.6 149.4 4.4 2.1 Malt Beverage 2.3 2.1 22.4 CreationDate: 2023-07-03 13:56:32 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2023-07-03 13:56:48 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2023_05.pdf7 -24.2 -25.0 Cigarette 85.4 87.9 687.4 780.4 -2.9 -11.9 Other Tobacco Products 12.1 12.2 139.2 136.6 -0.3 1.9 Malt Beverage 1.8 2.0 20.1 CreationDate: 2023-06-01 14:47:01 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2023-06-01 14:48:30 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2023_02.pdf3 -10.0 -23.3 Cigarette 74.2 71.1 572.1 643.1 4.3 -11.0 Other Tobacco Products 12.8 11.8 102.4 100.1 8.5 2.3 Malt Beverage 1.5 1.6 14.7 CreationDate: 2023-03-01 15:39:26 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2023-03-01 15:44:34 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2022_12.pdf1 -26.6 -25.5 Cigarette 81.3 86.5 452.3 519.1 -6.0 -12.9 Other Tobacco Products 12.9 12.7 76.8 75.5 2.3 1.7 Malt Beverage 1.7 1.9 11.7 CreationDate: 2023-01-03 15:43:30 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2023-01-03 15:45:29 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2022_04.pdf0 -13.0 0.2 Cigarette (35.1) (15.7) 692.5 776.9 -123.6 -10.9 Other Tobacco Products 12.9 12.0 124.5 111.2 7.6 11.9 Malt Beverage 2.0 2.7 18.4 2022-05-02 14:07:46 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-05-02 14:09:01 Producer: Acrobat Distiller 20.0 (Windows) Title: MRU-2022-04 v5.pub Hits: 2 |
MRU_2022_03.pdf5 19.6 2.0 Cigarette 84.6 87.5 727.6 792.6 -3.4 -8.2 Other Tobacco Products 11.4 10.3 111.5 99.2 11.3 12.4 Malt Beverage 1.6 1.2 16.4 CreationDate: 2022-04-01 14:35:23 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2022-04-01 14:36:18 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2022_02.pdf9 -15.3 -0.4 Cigarette 71.1 89.9 643.1 705.1 -20.9 -8.8 Other Tobacco Products 11.8 10.6 100.1 88.9 11.1 12.5 Malt Beverage 1.6 1.1 14.8 2022-03-01 16:41:50 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-03-01 16:42:22 Producer: Acrobat Distiller 20.0 (Windows) Hits: 2 |
MRU_2021_11.pdf1 18.3 -1.6 Cigarette 92.3 97.5 432.6 477.7 -5.3 -9.4 Other Tobacco Products 12.5 12.2 62.9 56.3 2.9 11.7 Malt Beverage 2.1 2.0 9.6 2021-12-01 15:32:37 Creator: PScript5.dll Version 5.2.2 ModDate: 2021-12-01 15:32:37 Producer: Acrobat Distiller 15.0 (Windows) Title: MRU-2021-11-v4.pub Hits: 2 |
MRU_2021_10.pdf5 4.6 -5.7 Cigarette 88.3 96.4 340.4 380.3 -8.4 -10.5 Other Tobacco Products 13.0 10.6 50.3 44.1 21.8 14.1 Malt Beverage 1.3 2.1 7.5 CreationDate: 2021-11-01 14:41:39 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2021-11-01 14:43:22 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2021_09.pdf8 -2.2 -8.7 Cigarette 107.7 98.2 252.1 283.9 9.7 -11.2 Other Tobacco Products 12.4 11.6 37.4 33.5 6.8 11.7 Malt Beverage 2.0 2.2 6.1 2021-10-01 15:02:03 Creator: PScript5.dll Version 5.2.2 ModDate: 2021-10-01 15:02:20 Producer: Acrobat Distiller 15.0 (Windows) Hits: 2 |
MRU_2021_08.pdf6 -7.2 -11.6 Cigarette 101.0 111.7 144.3 185.7 -9.5 -22.3 Other Tobacco Products 12.5 10.8 25.0 21.9 15.2 14.3 Malt Beverage 2.0 2.1 4.1 use unrounded amounts. Author: Lauren Mondschein CreationDate: 2021-09-01 15:14:08 ModDate: 2021-09-01 15:14:08 Producer: Microsoft® Publisher for Microsoft 365 Creator: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2021_07.pdf1 -15.3 -15.3 Cigarette 43.3 74.0 43.3 74.0 -41.5 -41.5 Other Tobacco Products 12.5 11.1 12.5 11.1 13.4 13.4 Malt Beverage 2.1 2.0 2.1 CreationDate: 2021-08-02 16:11:24 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2021-08-02 16:14:43 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2021_05.pdf9 216.0 38.0 Cigarette 95.3 85.9 872.3 833.2 11.0 4.7 Other Tobacco Products 12.0 9.9 123.2 116.7 21.0 5.6 Malt Beverage 2.2 2.1 21.2 2021-06-01 13:57:58 Creator: PScript5.dll Version 5.2.2 ModDate: 2021-06-01 13:58:12 Producer: Acrobat Distiller 15.0 (Windows) Title: MRU-2021-05 v4.pub Hits: 2 |
MRU_2021_04.pdf3 n.a. 30.2 Cigarette (15.7) (15.5) 776.9 747.3 -1.1 4.0 Other Tobacco Products 12.0 10.5 111.2 106.8 14.4 4.2 Malt Beverage 2.7 2.4 19.1 CreationDate: 2021-05-03 13:37:51 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2021-05-03 13:40:36 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2021_03.pdf7 31.1 15.9 Cigarette 87.5 64.2 792.6 762.9 36.4 3.9 Other Tobacco Products 10.3 9.0 99.2 96.3 14.2 3.1 Malt Beverage 1.2 1.0 16.4 CreationDate: 2021-04-01 14:25:36 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2021-04-01 14:25:54 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU_2021_02.pdf7 14.9 14.1 Cigarette 89.9 80.0 705.1 698.7 12.5 0.9 Other Tobacco Products 10.6 10.5 88.9 87.3 1.1 1.9 Malt Beverage 1.1 1.6 15.2 unrounded amounts. CreationDate: 2021-03-01 17:47:23 Creator: Microsoft® Publisher 2016 ModDate: 2021-03-01 17:51:22 Producer: Microsoft® Publisher 2016 Hits: 2 |
MRU_2021_01.pdf6 -2.0 14.1 Cigarette 43.1 64.6 615.2 618.7 -33.3 -0.6 Other Tobacco Products 11.4 10.5 78.3 76.8 8.8 2.0 Malt Beverage 1.8 1.9 14.0 unrounded amounts. CreationDate: 2021-02-01 18:13:48 Creator: Microsoft® Publisher 2016 ModDate: 2021-02-01 18:14:48 Producer: Microsoft® Publisher 2016 Hits: 2 |
MRU_2020_11.pdf4 25.6 21.2 Cigarette 97.5 94.3 477.7 447.7 3.4 6.7 Other Tobacco Products 12.2 11.2 56.3 56.2 8.9 0.1 Malt Beverage 2.0 2.0 10.5 unrounded amounts. CreationDate: 2020-12-01 16:23:15 Creator: Microsoft® Publisher 2016 ModDate: 2020-12-01 16:25:12 Producer: Microsoft® Publisher 2016 Hits: 2 |
MRU-2023-04.pdf8 -30.7 -25.1 Cigarette (41.6) (35.1) 602.0 692.5 -18.5 -13.1 Other Tobacco Products 13.1 12.9 127.1 124.5 0.9 2.1 Malt Beverage 1.9 2.0 18.3 2023-05-01 15:21:06 Creator: PScript5.dll Version 5.2.2 ModDate: 2023-05-01 15:49:37 Producer: Acrobat Distiller 20.0 (Windows) Hits: 2 |
MRU-2023-03.pdf1 -31.6 -24.4 Cigarette 71.5 84.6 643.6 727.6 -15.4 -11.5 Other Tobacco Products 11.7 11.4 114.0 111.5 2.1 2.2 Malt Beverage 1.7 1.6 16.4 CreationDate: 2023-04-03 14:50:20 Creator: Microsoft® Publisher for Microsoft 365 ModDate: 2023-04-03 14:50:54 Producer: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU-2023-01.pdf0 -17.7 -24.5 Cigarette 45.7 52.8 498.0 571.9 -13.4 -12.9 Other Tobacco Products 12.8 12.8 89.6 88.3 -0.2 1.4 Malt Beverage 1.5 1.7 13.3 2023-02-01 16:53:21 Creator: PScript5.dll Version 5.2.2 ModDate: 2023-02-01 17:07:32 Producer: Acrobat Distiller 20.0 (Windows) Hits: 2 |
MRU-2022-11.pdf4 -36.0 -25.3 Cigarette 81.8 92.3 370.9 432.6 -11.3 -14.3 Other Tobacco Products 12.7 12.5 63.9 62.9 1.1 1.6 Malt Beverage 1.9 2.1 10.0 2022-12-01 16:08:48 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-12-01 16:09:07 Producer: Acrobat Distiller 20.0 (Windows) Hits: 2 |
MRU-2022-10.pdf0 -23.1 -22.6 Cigarette 80.9 88.3 289.1 340.4 -8.4 -15.1 Other Tobacco Products 13.0 13.0 51.2 50.3 0.3 1.7 Malt Beverage 2.0 1.3 8.1 2022-11-01 14:35:20 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-11-01 14:35:52 Producer: Acrobat Distiller 20.0 (Windows) Hits: 2 |
MRU-2022-09.pdf4 -25.2 -22.4 Cigarette 91.7 107.7 208.2 252.1 -14.9 -17.4 Other Tobacco Products 13.4 12.4 38.2 37.4 8.7 2.2 Malt Beverage 2.2 2.0 6.2 2022-10-03 15:47:49 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-10-03 15:49:17 Producer: Acrobat Distiller 20.0 (Windows) Title: MRU-2022-09 v10.pub Hits: 2 |
MRU-2022-08.pdf7 -10.1 -21.0 Cigarette 86.0 101.0 116.5 144.3 -14.9 -19.3 Other Tobacco Products 12.4 12.5 24.8 25.0 -0.7 -1.0 Malt Beverage 1.9 2.0 3.9 previous year and use unrounded amounts. CreationDate: 2022-09-01 16:21:18 ModDate: 2022-09-02 16:19:47 Producer: Microsoft: Print To PDF Hits: 2 |
MRU-2022-07.pdf8 -31.0 -31.0 Cigarette 30.5 43.3 30.5 43.3 -29.5 -29.5 Other Tobacco Products 12.4 12.5 12.4 12.5 -1.2 -1.2 Malt Beverage 2.1 2.1 2.1 2022-08-01 14:24:32 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-08-01 14:24:56 Producer: Acrobat Distiller 20.0 (Windows) Title: MRU-2022-07 v6.pub Hits: 2 |
MRU-2022-06.pdf7 -14.0 -0.5 Cigarette 93.6 91.9 874.1 964.2 1.9 -9.3 Other Tobacco Products 12.8 11.7 149.4 134.9 9.4 10.8 Malt Beverage 2.1 2.0 22.5 use unrounded amounts. Author: Robyn Toth CreationDate: 2022-07-01 15:00:00 ModDate: 2022-07-01 15:00:00 Producer: Microsoft® Publisher for Microsoft 365 Creator: Microsoft® Publisher for Microsoft 365 Hits: 2 |
MRU-2022-05.pdf0 8.1 0.9 Cigarette 87.9 95.3 780.4 872.3 -7.8 -10.5 Other Tobacco Products 12.2 12.0 136.6 123.2 1.6 10.9 Malt Beverage 2.0 2.2 20.4 2022-06-01 14:27:42 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-06-01 14:27:57 Producer: Acrobat Distiller 20.0 (Windows) Hits: 2 |
MRU-2022-01.pdf6 12.0 1.3 Cigarette 52.8 43.1 571.9 615.2 22.6 -7.0 Other Tobacco Products 12.8 11.4 88.3 78.3 12.1 12.7 Malt Beverage 1.7 1.8 13.2 2022-02-01 17:06:22 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-02-01 17:06:40 Producer: Acrobat Distiller 15.0 (Windows) Title: MRU-2022-01 v5.pub Hits: 2 |
MRU-2021-12.pdf4 9.0 -0.1 Cigarette 86.5 94.4 519.1 572.1 -8.3 -9.3 Other Tobacco Products 12.7 10.6 75.5 66.9 18.9 12.9 Malt Beverage 1.9 1.8 11.5 2022-01-03 16:12:32 Creator: PScript5.dll Version 5.2.2 ModDate: 2022-01-03 16:12:46 Producer: Acrobat Distiller 15.0 (Windows) Hits: 2 |
MRU-2021-06.pdf0 15.0 35.4 Cigarette 91.9 91.1 964.2 924.3 0.9 4.3 Other Tobacco Products 11.7 10.6 134.9 127.3 10.2 6.0 Malt Beverage 2.0 2.2 23.3 2021-07-02 15:09:00 Creator: PScript5.dll Version 5.2.2 ModDate: 2021-07-02 15:09:20 Producer: Acrobat Distiller 15.0 (Windows) Hits: 2 |
MRU-2020-12.pdf8 -6.1 16.6 Cigarette 94.4 106.5 572.1 554.1 -11.4 3.2 Other Tobacco Products 10.6 10.1 66.9 66.3 5.8 1.0 Malt Beverage 1.8 1.9 12.3 2021-01-04 17:05:27 Creator: PScript5.dll Version 5.2.2 ModDate: 2021-01-04 17:07:47 Producer: Acrobat Distiller 15.0 (Windows) Title: MRU-2020-12 Hits: 2 |
MRU-2020-10.pdf4 12.0 20.4 Cigarette 96.4 98.4 380.3 353.4 -2.1 7.6 Other Tobacco Products 10.6 10.5 44.1 45.0 1.6 -2.1 Malt Beverage 2.1 1.8 8.5 2020-11-02 15:09:14 Creator: PScript5.dll Version 5.2.2 ModDate: 2020-11-02 15:47:40 Producer: Acrobat Distiller 15.0 (Windows) Hits: 2 |
MRU-2020-09.pdf8 16.1 23.0 Cigarette 98.2 101.7 283.9 255.0 -3.4 11.3 Other Tobacco Products 11.6 11.7 33.5 34.6 -1.4 -3.2 Malt Beverage 2.2 2.1 6.4 use unrounded amounts. Author: Lauren Mondschein CreationDate: 2020-10-01 14:07:15 ModDate: 2020-10-01 14:07:15 Producer: Microsoft® Publisher 2016 Creator: Microsoft® Publisher 2016 Hits: 2 |
MRU-2020-08.pdf6 17.7 26.4 Cigarette 111.7 102.6 185.7 153.3 8.9 21.1 Other Tobacco Products 10.8 11.9 21.9 22.8 -9.0 -4.2 Malt Beverage 2.1 2.0 4.2 unrounded amounts. CreationDate: 2020-09-01 13:45:33 Creator: Microsoft® Publisher 2016 ModDate: 2020-09-01 13:46:17 Producer: Microsoft® Publisher 2016 Hits: 2 |
MRU-2020-07.pdf4 34.9 34.9 Cigarette 74.0 50.8 74.0 50.8 45.8 45.8 Other Tobacco Products 11.1 10.9 11.1 10.9 1.1 1.1 Malt Beverage 2.0 2.2 2.0 2020-08-03 15:27:20 Creator: PScript5.dll Version 5.2.2 ModDate: 2020-08-03 15:37:59 Producer: Acrobat Distiller 15.0 (Windows) Title: MRU-2020-07.pub Hits: 2 |
MRU-2020-06.pdf29.9 -8.0 Cigarette 91.1 104.2 924.3 1,118.8 -12.5 -17.4 Other Tobacco Products 10.6 12.1 127.3 129.9 -12.3 -2.0 Malt Beverage 2.2 2.3 23.2 unrounded amounts. CreationDate: 2020-07-01 14:31:42 Creator: Microsoft® Publisher 2016 ModDate: 2020-07-01 14:40:59 Producer: Microsoft® Publisher 2016 Hits: 2 |
MRU-2020-05.pdf62.0 -11.4 Cigarette 85.9 95.8 833.2 1,014.6 -10.4 -17.9 Other Tobacco Products 9.9 11.3 116.7 117.8 -12.8 -1.0 Malt Beverage 2.1 2.0 21.0 unrounded amounts. CreationDate: 2020-06-01 15:58:00 Creator: Microsoft® Publisher 2016 ModDate: 2020-06-01 15:58:26 Producer: Microsoft® Publisher 2016 Hits: 2 |
MRU-2020-04.pdf7 -89.3 -5.9 Cigarette (15.5) 94.4 747.3 918.8 n.a. -18.7 Other Tobacco Products 10.5 10.5 106.8 106.5 0.4 0.3 Malt Beverage 2.4 1.9 18.9 2020-05-01 15:08:25 Creator: PScript5.dll Version 5.2.2 ModDate: 2020-05-01 15:40:01 Producer: Acrobat Distiller 15.0 (Windows) Hits: 2 |
MQRE_FY21_22_August.pdf1,677 Cigarette 43 96 100 88 93 102 51 77 74 -34 87 96 874 Other Tobacco Products 12 12 12 11 13 12 11 11 10 12 12 12 139 Malt Beverage 2 2 2 2 2 2 2 08-31 16:39:55 Creator: Microsoft® Word for Microsoft 365 ModDate: 2021-08-31 16:40:20 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
MQRE_FY20_21_Revised_Feb.pdf139 129 1,687 Cigarette 74 112 98 96 98 94 58 74 73 -22 87 95 936 Other Tobacco Products 11 11 12 11 12 11 10 10 10 11 11 12 130 Malt Beverage 2 2 2 2 2 2 million. CreationDate: 2021-02-23 17:06:52 Creator: Microsoft® Word 2016 ModDate: 2021-02-23 17:10:52 Producer: Microsoft® Word 2016 Hits: 2 |
MQRE-FY20-21-Aug.pdf1,559 Cigarette 48 97 100 87 91 101 52 76 77 -31 88 95 881 Other Tobacco Products 11 10 11 10 12 11 10 10 10 11 11 12 127 Malt Beverage 2 2 2 2 2 2 2 CreationDate: 2021-02-02 15:17:17 Creator: Microsoft® Word 2016 ModDate: 2021-02-02 15:18:44 Producer: Microsoft® Word 2016 Hits: 2 |
MQRE-FY18-19-July.pdf427 Cigarette 69 107 111 98 104 109 63 85 91 94 100 107 1,136 Other Tobacco Products 10 9 10 10 10 10 9 10 9 10 10 11 119 Malt Beverage 2 2 2 2 2 2 2 Creator: Microsoft® Word 2016 CreationDate: 2018-07-30 18:55:34 ModDate: 2018-07-30 18:55:34 Producer: Microsoft® Word 2016 Hits: 2 |
MER-2015-03.pdfMarch 2015 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ 2015-04-03 20:16:39 Creator: PScript5.dll Version 5.2.2 ModDate: 2015-04-03 20:16:39 Producer: Acrobat Distiller 10.1.10 (Windows) Title: MER-2015-03 Hits: 2 |
MER-2015-02.pdfFebruary 2015 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ 2015-03-03 15:16:35 Creator: PScript5.dll Version 5.2.2 ModDate: 2015-03-03 15:16:35 Producer: Acrobat Distiller 10.1.13 (Windows) Title: MER-2015-02 (Read-Only) Hits: 2 |
MER-2014-11.pdfNovember 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ 2014-12-01 19:21:27 Creator: PScript5.dll Version 5.2.2 ModDate: 2014-12-01 19:21:27 Producer: Acrobat Distiller 10.1.10 (Windows) Title: MER-2014-11 Hits: 2 |
MER-2014-09.pdfSeptember 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ 2014-10-03 13:37:43 Creator: PScript5.dll Version 5.2.2 ModDate: 2014-10-03 13:37:43 Producer: Acrobat Distiller 10.1.10 (Windows) Title: MER-2014-09 Hits: 2 |
MER-2014-07.pdfJuly 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Value for 2014.2 is 2014-08-01 14:50:38 Creator: PScript5.dll Version 5.2.2 ModDate: 2014-08-01 14:50:38 Producer: Acrobat Distiller 10.1.9 (Windows) Title: MER-2014-07 Hits: 2 |
MER-2014-03.pdfMarch 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ 2014-04-02 18:07:29 Creator: PScript5.dll Version 5.2.2 ModDate: 2014-04-02 18:07:29 Producer: Acrobat Distiller 10.1.7 (Windows) Title: 2014-03 MER Hits: 2 |
MER-2014-01.pdfJanuary 2014 Monthly Economic Report Independent Fiscal Of Ðice ‐ Commonwealth of Pennsylvania Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. economy. Excludes in Ðlation. 1 Personal Income The year‐over‐ 2014-02-07 14:56:09 Creator: PScript5.dll Version 5.2.2 ModDate: 2014-02-07 14:56:09 Producer: Acrobat Distiller 10.1.7 (Windows) Title: 2014-01 MER-final Hits: 2 |
MER-2013-11.pdf1.1% n.a. Commonwealth of Pennsylvania www.ifo.state.pa.us Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. econo- my. Excludes inflation. 1 Personal Income The year-over- Employment and Wages. Author: Karen Maynard CreationDate: 2013-11-27 15:39:06 ModDate: 2013-11-27 15:39:06 Producer: Microsoft® Publisher 2010 Creator: Microsoft® Publisher 2010 Hits: 2 |
Kling_Presentation.pdfAn appendix describing how CBO estimates the operating costs of Air Force aircraft A working paper on how CBO produces its 10-year economic forecast Explaining Analytical Methods: Providing Technical Information 7 CBO Explaining Analytical Methods: CBO’s Forecasting Models PowerPoint Template Author: Congressional Budget Office CreationDate: 2018-11-14 18:11:32 ModDate: 2018-11-14 18:11:32 Producer: Microsoft® PowerPoint® 2016 Creator: Microsoft® PowerPoint® 2016 Hits: 2 |
Initial_Revenue_Update_May_2023_Final.pdf1% Profit Margin (level) 12.3% 12.2% 11.9% 11.3% 11.5% Note: Net Earnings growth equal to product of Revenue growth and Profit Margin growth. Profit Margin is Net Earnings / Revenues. Sales and Use Tax and Consumer Outlook CreationDate: 2023-05-24 16:49:27 Creator: Microsoft® PowerPoint® for Microsoft 365 ModDate: 2023-05-24 16:50:51 Producer: Microsoft® PowerPoint® for Microsoft 365 Hits: 2 |
Initial_Revenue_Estimate_Presentation_May_2023_Final.pdf1% Profit Margin (level) 12.3% 12.2% 11.9% 11.3% 11.5% Note: Net Earnings growth equal to product of Revenue growth and Profit Margin growth. Profit Margin is Net Earnings / Revenues. Sales and Use Tax and Consumer Outlook CreationDate: 2023-06-20 12:45:10 Creator: Microsoft® PowerPoint® for Microsoft 365 ModDate: 2023-06-20 12:46:19 Producer: Microsoft® PowerPoint® for Microsoft 365 Hits: 2 |
IFO_Response_Letter_Jan_20_2023.pdf27 2028-32 Consumer Tax Cut (see notes) -$1,008 -$964 Business Tax Cut (see notes) -$686 -$704 Gross Domestic Product $1,978 $2,069 Personal Income $1,350 $1,123 Wages $925 $843 Population (000s) 22 36 Labor Force (000s CreationDate: 2023-02-15 20:06:12 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-02-15 20:12:07 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
IFO_ Job_Posting_Jan_2022.pdfas economics, finance, accounting, statistics, or mathematics. Strong writing skills are also required, as well as proficiency with Microsoft Office products. Starting salary is commensurate with education and work experience and may range from $55,000 to $80,000 depending on CreationDate: 2022-01-03 14:38:13 Creator: Microsoft® Word for Microsoft 365 ModDate: 2022-01-03 14:59:19 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
IFO ppt.pdfRevenue Conference Economic Forecast Weakens Annual Average Growth Rates or Levels 2011 2012 2013 2014 2015-17 Real Gross State Product June 2011 2.5% 2.5% 2.6% 2.9% 2.2% January 2012 1.8% 1.6% 2.4% Author: jocelyn CreationDate: 2012-01-18 15:45:35 Creator: Microsoft® PowerPoint® 2010 ModDate: 2012-01-18 15:45:51 Producer: Microsoft® PowerPoint® 2010 Title: PowerPoint Presentation Hits: 2 |
IFO Job Opportunity- Deputy Director.pdffinances, (4) communicates with individuals and groups outside of the IFO on relevant office work, and (5) presents IFO work products to outside groups including testifying before legislative committees as needed. The deputy director serves as the director in the event CreationDate: 2023-03-21 19:26:49 Creator: Microsoft® Word for Microsoft 365 ModDate: 2023-04-17 19:36:47 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
HTAE_2019_05_15.pdf6% 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% 5.4% Title: PowerPoint Presentation Author: Lesley Rompalo CreationDate: 2019-05-16 15:14:25 ModDate: 2019-05-16 15:14:25 Producer: Microsoft® PowerPoint® 2016 Creator: Microsoft® PowerPoint® 2016 Hits: 2 |
GPNP July 10, 2012 final.pdf12 th ) Uses Global Insight economic forecast May 2012. Assumes modest recovery for PA. Real Gross State Product 1.5% (2012) and 2.3% (2013) Unemployment Rate 7.4% (2012) and 7.1% (2013) Home Sales Title: PowerPoint Presentation Author: Matthew Knittel CreationDate: 2012-07-11 12:12:56 ModDate: 2012-07-11 12:12:56 Producer: Microsoft® PowerPoint® 2010 Creator: Microsoft® PowerPoint® 2010 Hits: 2 |
Five_Year_Outlook_2017_Presentation.pdf4 46.7 52.2 58.1 55.0 54.0 November 16, 2017 19 Final Preliminary Forecast Three Sectors Produce All Job Gains 1997 2007 2017 Healthcare and Social 17.8 17.3 24.0 Professional Service 28.6 20 CreationDate: 2017-11-27 13:00:57 Creator: Acrobat PDFMaker 15 for PowerPoint ModDate: 2017-11-27 13:01:04 Producer: Adobe PDF Library 15.0 Title: PowerPoint Presentation Hits: 2 |
Five_Year_Outlook_2016_Press_Release.pdffor multiple fiscal years, are in addition to the fiscal imbalances identified in the report. The recent budget package produced revenues and savings of nearly $1.1 billion in the current year, but the net impact declines to $41 million 15 15:01:36 Creator: Acrobat PDFMaker 15 for Word LastSaved: D:20161111 ModDate: 2016-11-15 15:01:36 Producer: Adobe PDF Library 15.0 SourceModified: D:20161115150015 Title: Microsoft Word - press release - 2015 economic and budget outlook Hits: 2 |
Demographics_Outlook_2021.pdfEstimates by the U.S. Census Bureau with adjustments to incorporate the 2020 De- cennial Census count, various other Census products and data from the U.S. Centers for Disease Control and Prevention. Other data sources are noted in the relevant CreationDate: 2021-11-15 14:02:34 Creator: Microsoft® Word for Microsoft 365 ModDate: 2021-11-15 14:10:01 Producer: Microsoft® Word for Microsoft 365 Hits: 2 |
County_Property_Tax_Burden_Aug_2021.pdfother property taxpayers, property tax burden results are not directly comparable between the two analyses. Staff Acknowledgments This report was produced by Jesse Bushman and Rachel Flaugh. Questions regarding this report can be directed to jbushman@ifo.state.pa.us. Author 2021-08-25 16:14:04 Creator: PScript5.dll Version 5.2.2 ModDate: 2021-08-25 16:14:04 Producer: Acrobat Distiller 15.0 (Windows) Title: Microsoft Word - County-Property-Tax-Burden-Aug-2021.docx Hits: 2 |
County-Prop-Tax-RB.pdfthere are 12 counties with a tax burden of at least 4.2 percent. Staff Acknowledgement This research brief was produced by Jesse Bushman. Questions regarding this research brief can be directed to jbushman@ifo.state.pa.us. County Households Tax 100,000 CreationDate: 2020-04-07 18:03:12 Creator: Microsoft® Word 2016 ModDate: 2020-04-07 18:10:01 Producer: Microsoft® Word 2016 Hits: 2 |
Budget_Hearing_Background-Feb2014.pdfAn Analysis of Medicaid Expansion in Pennsylvania • Pennsylvania Turnpike Toll Revenue Projections: CY 2013 to CY 2024 • Uncapping the Film Production Tax Credit: A Fiscal and Economic Analysis • School Property Taxes Paid by Homesteads • An Analysis of Michigan Property Tax Reform 2014-02-10 18:41:47 Creator: Acrobat PDFMaker 10.1 for Word ModDate: 2014-02-10 18:41:47 Producer: Adobe PDF Library 10.0 Title: Front Section - for posting.pdf Hits: 2 |
2021-SD-Property-Tax-Forecast.pdfproperty tax implicitly paid by renters is not included in the computations in Table 5. Staff Acknowledgements This report was produced by Jesse Bushman. Questions regarding this report can be directed to jbushman@ifo.state.pa.us. 12 Additional details are Jesse Bushman Creator: Microsoft® Word 2016 CreationDate: 2021-02-24 19:21:49 ModDate: 2021-02-24 19:21:49 Producer: Microsoft® Word 2016 Hits: 2 |
2013-09 Monthly Economic Summary-FINAL.pdf3.65 3.60 1.4% 1.5% 1.1% 1.1% Quarterly United States Economic Indicators Real Gross Domestic Product (GDP) The quarterly annualized growth rate of the U.S. econo- my. Excludes inflation. 1 Note: The GDP series was 2013-10-01 14:37:47 Creator: PScript5.dll Version 5.2.2 ModDate: 2013-10-01 14:37:47 Producer: Acrobat Distiller 10.1.8 (Windows) Title: 2013-09 Monthly Economic Summary Hits: 2 |
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