Your search for request returned 243 results.

Economic and Budget Outlook Hearing Request The IFO published a letter in response to requests for additional information raised at a recent economic and budget outlook hearing on January 24, 2023. Tags: budget, economic, request
Property Tax Replacement Estimates In response to a legislative request, the IFO transmitted a letter that provides additional information to a previous analysis for potential property tax replacement revenues proposed under House Bill 13. Tags: legislative, property, request, tax
Property Tax Replacement Estimates In response to a legislative request, the IFO transmitted a letter that provides updated estimates for potential revenue sources that could replace school district property taxes if eliminated. Tags: legislative, property, request, tax
Corporate Net Income Tax Proposals The IFO responded to a request from Appropriations Committee Chairman Saylor for a dynamic revenue estimate of three corporate net income tax proposals. Tags: corporate, income, legislative, net, request
Senate Budget Hearing request The Independent Fiscal Office (IFO) responded to requests for additional information raised at the office’s budget hearing before the Senate Appropriations Committee. The requests relate to an adjusted financial statement, public assistance savings resulting from a higher minimum wage, impact of the Ohio rate structure on Pennsylvania tax liability, net migration for Pennsylvania, regional student loan debt comparison and U3 and U6 unemployment rates. 03/06/2024
Tax Modernization and Reform Presentation Director Knittel made a presentation to the House Finance Subcommittee on Tax Modernization and Reform.   Based on a request from Chair Rabb, the presentation was updated to add an additional slide that displays the income distribution for self-employment and S corporation/partnership income.   03/01/2024
Budget Roundtable request The IFO responded to questions raised at the House Budget Roundtable on January 31, 2024. 02/09/2024
Property Tax Rebates for Senior Homeowners In response to a legislative request, the IFO transmitted a letter that analyzes a proposal to provide property tax rebates for senior homeowners in certain income ranges. 04/13/2023
Senate Budget Hearing request The Independent Fiscal Office (IFO) responded to questions raised at the office’s budget hearing before the Senate Appropriations Committee. The questions relate to net migration for Pennsylvania, U3 and U6 unemployment rates, tax burden and labor force participation rates for Pennsylvania and border states, Pennsylvania’s declining workforce and the Pennsylvania Child and Dependent Care Enhancement Tax Credit. 04/05/2023
Impact of Proposed Changes to the NOL Cap The IFO published a letter in response to a request from Senator Pennycuick. The letter contains projections for the impact of proposed changes to the amount of taxable income that C corporations may offset through net operating loss deductions. 02/24/2023
Economic and Budget Outlook Hearing request The IFO published a letter in response to requests for additional information raised at a recent economic and budget outlook hearing on January 24, 2023. 02/10/2023
Analysis of Proposed Changes to State Motor Fuel Taxes The IFO published a letter in response to a request from Chairman Grove for a static and dynamic analysis of proposed changes to state motor fuel taxes. The proposal would reduce those taxes and replace lost revenues with motor vehicle sales and use taxes. 01/26/2023
Property Tax Replacement Estimates In response to a legislative request, the IFO transmitted a letter that provides additional information to a previous analysis for potential property tax replacement revenues proposed under House Bill 13. 05/19/2022
Department of Education Act 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fourth year, the IFO reviewed the Departments of Aging, Agriculture, Education, Human Services (Part 3), Labor and Industry and the Pennsylvania Historical and Museum Commission.  Click on the link to access the performance-based budget review for the Department of Education. Tabled by the PBB Board on January 26, 2022. The report was updated on January 31, 2022 for technical changes on pages 10, 15 and 16. The report was updated on April 26, 2022. The amended report includes additions requested by the PBB Board on March 9, 2022. The board’s request can be viewed here: http://www.ifo.state.pa.us//Resources/Documents/PBB_Board_Amend_03_09_22.pdf The underlying data for the dot plots can be viewed here: http://www.ifo.state.pa.us//Resources/Documents/DotPlotData.xlsx Approved by the PBB Board on May 25, 2022.  04/27/2022
Property Tax Replacement Estimates In response to a legislative request, the IFO transmitted a letter that provides updated estimates for potential revenue sources that could replace school district property taxes if eliminated. 04/15/2022
Senate Budget Hearing request The Independent Fiscal Office (IFO) responded to two questions raised at the office’s budget hearing before the Senate Appropriations Committee. The questions relate to an update of the IFO’s five-year projections for revenues and expenditures that incorporates the proposed initiatives in the Governor’s Executive Budget and an estimate of school district property taxes paid by seniors. 03/21/2022
House Budget Hearing request The IFO responded to a question raised at the office’s budget hearing before the House Appropriations Committee. The question relates to the impact of the COVID-19 pandemic on employment by race. 03/21/2022
Corporate Net Income Tax Proposals The IFO responded to a request from Appropriations Committee Chairman Saylor for a dynamic revenue estimate of three corporate net income tax proposals. 03/15/2022
Act 25 of 2011 Analysis In response to a legislative request, the IFO transmitted a letter that estimates the potential reduction in property taxes due to Act 25 of 2011. 02/16/2022
Performance-Based Budget Board Hearing request The IFO responded to a question raised during the Performance-Based Budget Board hearing on April 26, 2021 by providing Neighborhood Assistance Program and the Resource Enhancement and Protection Program Tax Credit awards by region or county. 05/04/2021
School Property Tax, Senior Spending and Tax Revenues In response to a legislative request, the IFO transmitted a letter that updates previous analyses on state and local budget issues, including (1) the IFO school district property tax forecast, (2) potential revenue sources that could replace school district property taxes if eliminated, (3) state spending dedicated to seniors, (4) the share of certain tax revenues remitted by seniors, (5) tax treatment of retirement income by state and (6) migration patterns by age groups. 04/23/2021
Senate Budget Hearing request The Independent Fiscal Office (IFO) responded to several questions raised at the office's budget hearing before the Senate Appropriations Committee. The questions relate to the impact of the COVID-19 pandemic on employment based on gender, net domestic migration for Pennsylvania and border states, and education sector employment for Pennsylvania and border states. 04/09/2021
House Budget Hearing request The IFO responded to a question raised at the office’s budget hearing before the House Appropriations Committee. The question was related to the indirect costs associated with state marijuana legalization that may not be reflected in official revenue estimates. 03/23/2021
COVID-19 Impact on Local Revenues In response to a legislative request, the Independent Fiscal Office examined how the COVID-19 pandemic and mandated business closures could impact local earned income taxes (EIT), property taxes and gaming revenues received by municipalities, counties and school districts for the current year. 07/16/2020
Senate Budget Hearing request The IFO responded to questions raised at the office's budget hearing before the Senate Appropriations Committee. 03/11/2020
House Budget Hearing request The IFO responded to questions raised at the office's budget hearing before the House Appropriations Committee. 03/11/2020
Family First Prevention Services Act Preliminary Analysis In response to a legislative request, the IFO conducted a preliminary analysis on the state and county impacts of the Family First Prevention Services Act. 03/04/2020
Tax Incentive Expansion In response to a legislative request, the Independent Fiscal Office analyzed new or expanded tax credits and special zones approved by the General Assembly since 2009. 12/11/2019
School District Property Tax Rebate In response to a legislative request, the IFO transmitted a letter that analyzes a set of proposed school district property tax rebates for all homestead property owners. 11/12/2019
Redevelopment Assistance Capital Program In response to a legislative request, the Independent Fiscal Office published a research brief related to the Redevelopment Assistance Capital Program. The brief provides historical data of the program and examines the potential impact of proposed legislation. This research brief was updated November 12, 2019 to take Act 43 of 2019 into consideration. 10/31/2019
Minimum Wage Increase Estimates In response to a legislative request, the IFO transmitted a letter that expands upon a prior analysis on the impact of a proposed minimum wage increase. 10/10/2019
Property Tax Replacement Estimates In response to a legislative request, the IFO transmitted a letter that provides revenue estimates for various proposed changes to the state tax code affecting personal income and sales and use taxes. 10/04/2019
School District Property Tax Elimination In response to a legislative request, the IFO transmitted a letter that estimates potential replacement revenues for school district property taxes described in House Bill 13. 10/03/2019
Senior Spending and Tax Revenues In response to a legislative request, the IFO transmitted a letter that analyzes (1) state spending dedicated to seniors, (2) the share of certain tax revenues remitted by seniors and (3) potential changes in senior migration patterns due to proposed tax law changes.   09/27/2019
Management and Non-Represented Wage Contract Analysis In response to a legislative request, the Independent Fiscal Office (IFO) has issued a cost analysis that assumes management and non-represented employees will receive salary increases consistent with the new collective bargaining agreements. 09/25/2019
Property Tax Elimination for Senior Homeowners In response to a legislative request, the IFO transmitted a letter that analyzes a proposal to eliminate all property taxes for senior homeowners with household income of $40,000 or less.  09/25/2019
Property Tax Rent Rebate Program In response to a legislative request, the IFO transmitted a letter that supplements a previous request to analyze a proposed expansion of the Property Tax Rent Rebate Program. 09/17/2019
Property Tax Rent Rebate Program In response to a legislative request, the IFO transmitted a letter that analyzes a proposed expansion of the Property Tax Rent Rebate Program. Note: This analysis was originally posted on May 15, 2019. The analysis was reposted on September 12, 2019 to reflect technical adjustments made by the IFO based on research cited in the footnotes of the updated analysis.   09/12/2019
Property Tax Rebate for Older Homeowners In response to a legislative request, the IFO transmitted a letter that provides additional information to a previous analysis of a proposed property tax rebate for older homeowners based on various levels of household income. 09/12/2019
Property Tax Rebate for Older Homeowners In response to a legislative request, the IFO transmitted a letter that analyzes a proposed property tax rebate for older homeowners based on various levels of household income.  08/22/2019
Migration Data by Age Group and Educational Attainment In response to a legislative request, the IFO has posted a letter that provides data on educational attainment levels by age group for individuals migrating to and from Pennsylvania. 07/02/2019
Property Tax Replacement Estimates In response to a legislative request, the IFO has posted a letter that provides revenue estimates for various proposed changes to the state tax code that affect personal income, sales and property taxes. 05/23/2019
Senate Majority Policy Committee Public Workshop Migration Data request In response to a legislative request, the IFO provided data to the Senate Majority Policy Committee for use in their Public Workshop on “Student Flight (Brain Drain) from Pennsylvania” on April 30, 2019.  The brief document details historical population data for the Commonwealth, focusing primarily on young adults migrating to and from Pennsylvania. 04/29/2019
Homestead Exclusion and PIT In response to a legislative request, the IFO transmitted a letter that computes the level of personal income tax (PIT) increase needed to fully fund a 100% homestead exclusion for school district property taxes. 03/13/2019
Income and Property Tax Burden for Retirees In response to a legislative request, the IFO transmitted a letter that modifies or supplements certain computations from the IFO report entitled State and Local Taxes: A Comparison Across States (December 2018). The letter also compares Pennsylvania’s relative debt burden to other states. 03/06/2019
PROPERTY TAX ELIMINATION PROJECTION In response to a legislative request, the IFO has updated projections regarding school district property tax elimination. The document projects the school property tax revenues that would be subject to replacement under potential legislation that would eliminate school property taxes. 02/27/2019
Tax Cut and Jobs Act Update- August 2018 In response to a legislative request, the IFO submitted a letter that discusses the impact of the federal Tax Cut and Jobs Act (TCJA) of 2017 on Pennsylvania General Fund tax revenues and the economy. 08/24/2018
Property Tax Update - August 2018 In response to a legislative request, the IFO updated select tables and graphs related to school district property tax that were originally released in January and December of 2017. 08/17/2018
Federal Tax Code Conformity Analysis The IFO responds to a legislative request regarding the General Fund revenue impact from conformity with certain federal tax code provisions. 04/27/2018
Corporate Net Income Tax Rate Reduction The IFO responds to a legislative request regarding the state corporate net income tax (CNIT). The report contains an analysis of state CNIT rates, their impact on revenues and a proposal to reduce the Pennsylvania CNIT rate.  04/11/2018
Neighborhood Assistance Program Tax Credit The IFO responds to a request regarding the Neighborhood Assistance Program Tax Credit.  04/02/2018
Pennsylvania Natural Gas Royalties The IFO responds to a request regarding natural gas royalty payments in Pennsylvania. Based on draft statutory language provided by the Administration regarding the deductibility of the proposed severance tax from royalty payments, footnote 7 was added to the original letter. (March 23, 2018) 03/23/2018
Fiscal Impact of School Property Tax Rebates In response to a legislative request, the IFO estimated the fiscal impact of a school property tax rebate for all homesteads. The rebate would be equal to the statewide average school property tax paid by homesteads. The response includes both baseline estimates for currently eligible homesteads and estimates for a behavioral effect based on the filing of additional homestead applications in response to the availability of rebates. 03/13/2018
SPECIAL FUND RECEIPTS AND DISBURSEMENTS In response to a legislative request, the IFO compiled certain data presented in the Governor’s Executive Budget for various years to produce a multi-year history of receipts and disbursements for selected special funds. The letter identifies certain special fund budgeting and reporting issues that should be considered when analyzing the data. The letter also provides computations for a potential budget increase factor based on the annual increases in population and the consumer price index.  02/15/2018
Increased Spending Allowed under House Bill 110 The IFO responds to a request regarding the percentage increase in spending allowed under House Bill 110.  01/23/2018
Responsiveness of State Tax Revenues to Economic Growth In response to a legislative request, the IFO compared the growth of state tax revenues to certain economic metrics to ascertain the responsiveness of revenues to economic growth across states. 12/26/2017
A Review of Overtime Paid to Nurses in the Department of Corrections In response to a legislative request, the IFO reviewed overtime paid to nurses employed by the Department of Corrections (DOC). 12/13/2017
School Property Taxes; Households Age 60, 65 and 70 or Older In response to a legislative request, the IFO analyzed data from the American Community Survey (ACS) to estimate the share of school property taxes paid by households in which the householder (or spouse, if applicable) had attained the ages 60 or over, 65 or over and 70 or over. The analysis applies the shares derived from the ACS to estimated school district property tax collections attributable to homestead properties for FY 2015-16 to further estimate the dollar amounts paid by such households. 12/11/2017
School Property Tax and Related Data In response to a legislative request, the IFO collected and analyzed certain data related to school property taxes and potential replacement revenues. Data for Philadelphia in Table 3 has been adjusted based on information provided by the Philadelphia Department of Revenue.  11/13/2017
Like-Kind Exchange Analysis The IFO responds to a request regarding the economic benefit and tax revenue impact from eliminating Pennsylvania personal income tax on like-kind exchanges. 07/10/2017
Savings and Costs of a $12/hour Minimum Wage on DHS-administered Programs In response to a legislative request, the IFO reviewed the Department of Human Services' projections for the state savings and costs that could occur if Pennsylvania's minimum wage were to be increased to $12 per hour.  06/30/2017
Implications of Aging for the PA Economy Director Matt Knittel gave a presentation on May 24th to the PA Council on Aging regarding the implications of an aging population for Pennsylvania’s economy. An appendix slide appears at the end of the PowerPoint to include certain data requested during the presentation. 05/24/2017
Philadelphia Cigarette & Beverage Tax Impact The IFO responds to a request regarding the impact of Philadelphia’s local cigarette and beverage taxes on state revenue collections. The letter has been revised to include current footnotes 3 and 6, which provide additional context for the assumptions used by the analysis.  (Revised on March 20, 2017) 03/13/2017
Senate Budget Hearing requests The IFO provided additional information to members of the Senate Appropriations Committee in response to requests made at its recent budget hearing.  03/10/2017
House Budget Hearing requests The IFO provided additional information to members of the House Appropriations Committee in response to requests made at its recent budget hearing.  03/10/2017
Department of Corrections Performance Measures At the request of the General Assembly, the IFO has published a performance measurement report for the Department of Corrections (DOC) in advance of the agency’s budget hearings. The report includes agency cost-drivers, performance metrics and multi-state comparisons. The DOC report arises from the IFO’s 2016 report, “Using Performance Measures in the State Budget,” in which the office outlined options for performance measurement and provided a prototype report that could be integrated into the state budget process and utilized during annual budget hearings. 02/27/2017
Analysis of Executive Order 2016-02 Letter responding to a request from Representatives Gingrich and Grove to examine the fiscal implications of Executive Order 2016-02 (May 2016). 05/12/2016
Analysis of House Bill 1693 (2013) Letter providing data on the share of residential and nonresidential property assessments by county (December 2013). The letter was in response to a request regarding HB 1693, which was a proposed constitutional amendment permitting different millage rates for residential and nonresidential property.   12/17/2013
PBB_2021_PSP_REPORT_ADDENDUM.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a FY 2020-21 includes federal Coronavirus Relief Fund dollars. Emergency Preparedness and Response | Page 20 Notes on Measures ▪ Responses to requests and dissemination of intelligence are handled by the Pennsylvania Criminal Intelligence Center (PaCIC) and the Western Pennsylvania All Hazards Fusion Hits: 35
IFO_Pension_Analysis_Policies_(January_1_2024).pdf at its discretion, may also contract with other actuaries or financial consultants. In general, an IFO response to a legislative request provides (1) a brief summary of the legislation and (2) a synopsis of any analysis included in the transmission to has expanded impacts that warrant further consideration or explanation outside of the contracted actuaries’ direct scope. The IFO may also request that actuaries include specific assumptions or scenarios in their analysis of the proposed legislation. Types of Responses The IFO issues Hits: 24
PBB_2022_PDE_REPORT_Amended.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a level. Compare Performance Metrics to Set Goals and Targets During the PBB Board hearing on March 9, 2022, the board requested that the report be amended and resubmitted to “indicate the goals or targets set forth in PDE's federally approved Hits: 20
index.cfm markets. The report examines recent trends in net generation, net exports, CO2 emissions and prices. ... (Full Report) Senate Budget Hearing Request Economics and Other March 06, 2024 The Independent Fiscal Office (IFO) responded to requests for additional information raised at the office’s budget hearing before the Senate Appropriations Committee. The requests relate to an Hits: 19
ACN_SB1071_A10803_text.pdf such matter; and (3) to find facts or to expedite a final judgment in connection with such a challenge or request for declaratory relief. (c) Sovereign immunity waived.--Sovereign immunity is hereby waived, and the provisions of 42 Pa.C.S to the participant's credit in the participant's individual investment account or a lesser amount as the participant may request. Payment shall be made in a lump sum unless the board has established other forms of distribution in the plan Hits: 17
Senate_Appropriations_Committee_Response_Letter_2024.pdf Scott Martin Chairman Senate Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Martin: This letter responds to requests for additional information raised at the recent budget hearing for the Independent Fiscal Office (IFO). Chairman Martin requested an adjusted financial statement to reflect: (1) Department of Human Services (DHS) spending that increases by $875 million annually, (2 Hits: 15
Five_Year_Outlook_2019.pdf Based on appropriations. FY 18-19 includes current year lapses and approved supplemental appropriations. FY 19-20 includes requested supplemental appropriations as of October 31, 2019. General Fund Financial Statement Note: Millions of dollars. - This page intentionally left blank. - Section 1 tax and 19 to 22 percent of state sales tax. See “Senior Spending and Tax Revenues,” IFO legislative request, September 23, 2019. Figure 2.2 Pennsylvania and U.S. Working-Age (20-64) to Retiree (65+) Ratios Source: Data for 2010 Hits: 15
2007_divestment_complete_report.pdf Resolution No. 263 (2003 Legislative Session) – Appendix VIII . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 313 House Resolution No. 36 (2007 Legislative Session) – Appendix IX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 323 Correspondence Requesting Guidance from Federal Authorities – Appendix X . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 355 “SEC Halts Watch List Tool” Wall Street Journal, July 22, 2007 – Appendix XI letters to the managers of actively managed investment funds containing indirect holdings in companies that have scrutinized active business operations requesting them to consider removing such companies from the fund or create a similar actively managed fund having indirect holdings devoid Hits: 15
Revenue_Estimate_2023_06.pdf 20 Federal Funds Federal funds appropriations confer authority to spend money that the federal government may provide, and state agencies request annual spending authority as part of the budget process. A federal funds ap- propriation does not guarantee funding, and actual funds received and disbursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. The IFO reviewed Request for Appropriation of Federal Hits: 13
Revenue-Estimate-2023-05.pdf games. Federal Funds Federal funds appropriations confer authority to spend money that the federal government may provide, and state agencies request annual spending authority as part of the budget process. A federal funds ap- propriation does not guarantee funding, and actual funds received and disbursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. The IFO reviewed Request for Appropriation of Federal Hits: 13
Official-Revenue-Estimate-2018-06.pdf Federal funds appropriations confer authority to spend money that the federal govern- ment may provide, and state agencies request annual spending authority as part of the budget process. A federal funds appropriation does not guarantee funding at any par- ticular level In fact, the actual funds received and disbursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. The IFO reviewed Request for Appropriation of Federal Funds (RAFF Hits: 13
Initial-Revenue-Estimate-2018-05.pdf Federal funds appropriations confer authority to spend money that the federal govern- ment may provide, and state agencies request annual spending authority as part of the budget process. A federal funds appropriation does not guarantee funding at any par- ticular level In fact, the actual funds received and disbursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. The IFO reviewed Request for Appropriation of Federal Funds (RAFF Hits: 13
Revenue-Estimate-2019-05.pdf Funds Federal funds appropriations confer authority to spend money that the federal government may provide, and state agencies request annual spending authority as part of the budget process. A federal funds ap- propriation does not guarantee funding at any particular level fact, the actual funds received and dis- bursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. The IFO reviewed Request for Appropriation of Federal Funds (RAFF Hits: 12
Response_Letter_9_23_2019.pdf House of Representatives 149A East Wing Main Capitol Building Harrisburg, PA 17102 Dear Representative Ryan: This letter responds to your requests that the Independent Fiscal Office (IFO) provide various data regarding Pennsylvania residents age 65 or older. Specifically, your letters requested the following information:  Cost by major program of caring for seniors for FY 2017-18 actual and FY 2019- Hits: 12
PBB_2021_DHS_REPORT_ADDENDUM.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a the Department of Human Services Part 2 delivered to the General Assembly on March 25, 2021. This adden- dum was requested by the Performance-Based Budget Board during a hearing on April 27, 2021. The following data are to be used Hits: 12
PBB_2019_Criminal_Justice_Report.pdf at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. Per Act 48, approved plans shall be taken into 7 percent) from the beginning of the fiscal year.  For FY 2017-18, SOAB conducted 980 court-requested sexually violent predator assessments.  In FY 2017-18, more than 5,000 victims were newly registered with OVA, increasing the victim Hits: 12
Official-Revenue-Estimate-2019-06.pdf Funds Federal funds appropriations confer authority to spend money that the federal government may provide, and state agencies request annual spending authority as part of the budget process. A federal funds ap- propriation does not guarantee funding at any particular level fact, the actual funds received and dis- bursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. The IFO reviewed Request for Appropriation of Federal Funds (RAFF Hits: 12
ACN_SB1_A01354_A01558_2017_06_03a.pdf the investment rate of return assumptions. The data for the simulations were provided by PSERS and SERS based on a request made by the IFO. It should be noted that the risk transfer results will be sensitive to the assumptions regarding Re: Amendment A01354 to Senate Bill 1, Printer’s Number 853, as amended by Amendment A01558 Dear Mr. Knittel: As requested, we have prepared an actuarial note on Amendment A01354 to Senate Bill 1, Printer’s Number 853 (Amendment) as amended Hits: 11
TC_2022_Educational_Tax_Credits.pdf research, the IFO submits this report to fulfill the requirements contained in Act 48. Please note that although the IFO requested five years of ETC data, in some cases the Department of Community and Economic Development was only able to supply the application process for businesses and scholarship organizations. 13 Application Process for Firms Business applications are filed online for the requested credit category through the Single Application for Assistance. An applicant that has made a two-year contribution commitment may apply Hits: 9
TC_2022_Coal_Refuse_Energy_and_Reclamation.pdf the ash was utilized as backfill.  Amount of coal refuse and other fuels burned.  Amount of tax credits requested based on coal refuse utilized.  Signature, Verification and Submission Statement. Applications for the CRER Tax Credit are due each CRER Tax Credit award was $1.6 million in the most recent year.  Credits awarded are less than credits requested because each facility is limited to 22.2% of total tax credits available. After application of the per firm cap Hits: 9
PBB_2023_DCNR_REPORT.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a the median in that respective county. 17-18 18-19 19-20 20-21 21-22 22-23 Workload Grants requested 465 408 427 447 404 814 Grants approved 276 293 293 310 317 342 Grant funding requested ($ millions) $95.1 Hits: 9
PBB_2022_DHS_REPORT_ADDENDUM.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a the initial Performance-Based Budget report for DHS delivered to the General Assembly on January 19, 2022. This addendum was requested by the Performance- Based Budget (PBB) Board during a hearing on January 26, 2022. The following data are to be Hits: 9
Econ_Budget_Outlook_Hearing_Response_Letter_02_2023.pdf Appropriations Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Grove: This letter and the attached tables respond to requests for additional information raised at the recent roundtable hearing on January 24, 2023. Representative Kutz requested information regarding consumer debt by income level as it overlaps with first-time homebuyers and/or renters. This response focuses Hits: 9
2006_surviving_spouse_healthcare_study.pdf forwards it to the Office of the Budget, BCPO. 8.Receives ADA Report # XAD58601 from CMIC. 9. Receives Monthly Payment Request Form from the PEBTF.Contacts the PEBTF if Payment Request Form is not received within the specified two day time frame. 10. Verifies the information and calculation on the Monthly Hits: 9
2002_dbdc_report.pdf Defined Benefit and Defined Contribution Approaches . . . . . 3 Description of Pennsylvania’s Current Public Employee Retirement Systems . . . . . . . . . . . . . . . . . . . . . . . . . 6 Part II – Analysis Requested in House Resolution No. 266 Resolution Objective No. 1 – Benefit Comparison . . . . . . . . . . . . . . . . . . . . . . 11 Resolution Objective No. 2 – Cost Considerations . . . . . . . . . . . . . . . . . . . . . . 14 Resolution General Assembly with information on certain issues associated with defined contribution retirement plans. This report is intended to provide the requested information in a concise, non-technical manner, and it should not be construed as a comprehensive report on the myriad Hits: 9
Right-to-Know 120 of 2010 defines the Independent Fiscal Office as a "legislative agency." If you would like to make an official request for legislative records from the IFO, your request should be in writing (postal mail, fax, or email). A sample request form ( PDF ) is available. All requests should include Hits: 9
Senate_Appropriations_Committee_Response_Letter_2023.pdf Chairman Senate Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Martin: This letter and attachments respond to requests for additional information raised at the recent budget hearing for the Independent Fiscal Office (IFO). Senator Santarsiero requested demographic data that shows net migration by county. The U.S. Census Bureau publishes population estimates for the nation, states Hits: 8
PBB_2023_PID_REPORT.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a market for consumers. The expected outcome is the timely and comprehensive review of all insurance products, forms and rate increase requests that impact Pennsylvania consumers. 17-18 Actual 18-19 Actual 19-20 Actual 20-21 Actual 21-22 Actual 22- Hits: 8
PBB_2023_EO_REPORT.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a 7.5 million) comprise the rest of the augmentations. Prior to the pandemic, the Comptroller processed approximately 185,000 travel requests annually, which decreased to 89,600 in FY 2021-22. The reduction in travel reduced Commonwealth expenses by over $10 Hits: 8
PBB_2022_DLI_REPORT.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a conducts due process evidentiary hearings for individuals who have had their disability benefits terminated. In FFY 2019-20, the SSA requested that the department add staff in anticipation of increased disability workloads due to COVID-19. The FY 2021-22 budgeted Hits: 8
PBB_2020_PEMA_REPORT.pdf at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. Per Act 48, approved plans shall be taken into be implemented in the next two to three years.  In FY 2018-19, PEMA responded to 12 requests for assistance from five states through the Emer- gency Management Assistance Compact (EMAC).  In 2018, PEMA spent a total of $7 Hits: 8
Revenue_Estimate_2022_06.pdf 21 Federal Funds Federal funds appropriations confer authority to spend money that the federal government may provide, and state agencies request annual spending authority as part of the budget process. A federal funds ap- propriation does not guarantee funding at any level. In fact, the actual funds received and dis- bursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. In response to the COVID-19 pandemic, Congress Hits: 7
Revenue_Estimate_2022_05.pdf 21 Federal Funds Federal funds appropriations confer authority to spend money that the federal government may provide, and state agencies request annual spending authority as part of the budget process. A federal funds ap- propriation does not guarantee funding at any level. In fact, the actual funds received and dis- bursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. In response to the COVID-19 pandemic, Congress Hits: 7
Revenue_Estimate_2021_05.pdf 22 Federal Funds Federal funds appropriations confer authority to spend money that the federal government may provide, and state agencies request annual spending authority as part of the budget process. A federal funds ap- propriation does not guarantee funding at any level. In fact, the actual funds received and dis- bursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. In response to the COVID-19 pandemic, Congress Hits: 7
RB 2019 RACP.pdf In response to a legislative request, the Independent Fiscal Office (IFO) publishes this research brief which examines the potential impact of House Bill 880. The bill Program (RACP) projects by $100 million per annum until the ceiling reaches $2.65 billion by FY 2026-27. The request also seeks the following general information:  Since its inception, the number and dollar amount of grants awarded by each Hits: 7
June_Revenue_Estimate_2021.pdf 22 Federal Funds Federal funds appropriations confer authority to spend money that the federal government may provide, and state agencies request annual spending authority as part of the budget process. A federal funds ap- propriation does not guarantee funding at any level. In fact, the actual funds received and dis- bursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. In response to the COVID-19 pandemic, Congress Hits: 7
TC_2023_Rural_Jobs_Investment.pdf Community and Eco- nomic Development (September 2020). Rural Jobs and Investment Tax Credit Overview | Page 8 1. Total investment authority requested. 2. Documents that verify the following: a) The applicant (or affiliates) is licensed as a rural business investment company or days of receipt. The allocation of investment authority is made in the order in which approved applications are received. If requests for investment authority exceed $50 million, DCED will reduce the investment authority and credit-eligible contributions for each approved application Hits: 6
TC_2022_Mixed_Use_Development.pdf review by the Department of Revenue and compliance with all PHFA criteria. 7 See Community Revitalization Fund Program Overview and Request for Proposals for full details. https://www.phfa.org/mhp/developers/loans.aspx. Mixed-Use Development Tax Credit Overview | Page 1 Mixed-Use Development Tax Credit Overview | Page 8 $500,000 each. 12 Approved applicants generally received less funds than requested and seven projects were denied due to lack of funds. PHFA attempts to support projects in various counties and smaller Hits: 6
IFO-RTK-Request-Form.pdf Independent Fiscal Office Right-to-Know Law Request Form (Internal IFO Use Only) Received via: ___Email ___US mail ___Fax Date Received: ______________ Response Due: ______________ To: Mathieu Taylor Open Records Fiscal Office 2nd Floor Rachel Carson State Office Building Harrisburg, PA 17105 Email: righttoknow@ifo.state.pa.us Requester Information ______________________________________________________ _________________________ Name of Requester (please print) Date Requested _____________________________________________________________________________________ Organization (if applicable) _____________________________________________________________________________________ Street Address _____________________________________________________________________________________ City, State, Zip Code __________________________ __________________________ _________________________ Telephone (optional) Fax (optional) Email Hits: 6
Summary_Tax_Credit_Reviews_Oct_2023.pdf Data show that 15 to 21 projects received a credit allocation, and allocations typically comprised 50% to 75% of the requested amount, or roughly 1% of estimated project costs. ▪ The credit is oversubscribed. Data show that additional projects sought credit allocations and brewed beverage manufacturing. Findings ▪ For most years, roughly one half of awarded tax credits flowed to large brewers that request the annual maximum of $200,000. Those brewers are generally able to use the entire tax credit within one or Hits: 5
Senate Appropriations Response Letter 3-6-2020.pdf Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Browne: This letter and the attached tables respond to requests for additional information raised at the recent budget hearing for the Independent Fiscal Office (IFO). Senator Hughes noted the recent increase in home mortgage refinances and requested information on how the proceeds were spent. Data for the most recent refinances are not yet available. However, a Freddie Hits: 5
Revenue-Estimate-2020-05.pdf Funds Federal funds appropriations confer authority to spend monies that the federal government may provide, and state agencies request annual spending authority as part of the budget process. A federal funds ap- propriation does not guarantee funding at any particular level fact, the actual funds received and dis- bursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. In response to the current COVID-19 pandemic, Congress has Hits: 5
PBB_2021_PennDOT_REPORT_ADDENDUM.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a public by using risk management and cost-benefit analyses. ▪ In response to the COVID-19 pandemic, the department submitted a request to the U.S. Depart- ment of Homeland Security (USDHS) to delay REAL ID implementation. On March 26, USDHS ex- Hits: 5
PBB_2021_DMVA_REPORT_ADDENDUM.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a initial Performance-Based Budget report for the DMVA delivered to the General Assembly on March 25, 2021. This addendum was requested by the Perfor- mance-Based Budget (PBB) Board during a hearing on April 28, 2021. The following data are to Hits: 5
PBB_2020_DOS_REPORT.pdf at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. Per Act 48, approved plans shall be taken into costs and may introduce inefficiencies. The department sends out mailings to every corporation once every 10 years to request a response if they are no longer in business or have changed their contact information. However, the department cannot legally remove businesses Hits: 5
PBB_2020_DOH_REPORT_Final_Update.pdf at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. Per Act 48, approved plans shall be taken into 1 1 5 Staff response time for emergency/drill (minutes) 25 17 10 27 26 -- % Partners who share requested information 5 69% 86% 100% 100% 86% 95% Notes: Public Health and Emergency Medical Services (EMS) 2 All active entities licensed to Hits: 5
PBB_2019_PCCD_Report.pdf at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. Per Act 48, approved plans shall be taken into tiveness measure that tracks academic performance for those participating in administered pro- grams.  Percent of grant funds requested that were approved. This measure evaluates the demand for juvenile justice and delinquency prevention program funding that exceeds available resources. PCCD Results Hits: 5
BEFC_Survey_Results_FINAL.pdf regarding cost multipliers also provide separate tabulations based on ED or EL student concentration. Other questions in the section request information that pertain to gifted, charter school and transitioning students. Question 1(a): If your average base cost equals 1.0 were rough approximations. The percentage of students participating is not included in these results but can be provided upon request. NA Minimal Moderate Extensive Median Avg. Wght. Avg. School Districts (SDs) 90.0%+ 5 1 0 3 0.00 1.11 Hits: 5
2000_cost_of_living_adjustments.pdf higher increases than short term retirees. These provisions were initiated, in large part, as a means to respond to the requests for assistance received from long term retirees receiving very low retirement benefits. Although targeting long term retirees for higher benefits of the retirement benefits is diminished over time due to the effects of inflation. Because they are the most frequently requested and considered type of postretirement adjustment, cost-of-living postretirement adjustments merit additional discussion. Rationale. One commonly accepted goal of Hits: 5
Single-Use Plastics Report-2020_06.pdf report that analyzed the impacts of the regulation. 12 To estimate the impact, the agency sent a data request on bag usage to corporate offices that represented over 6,500 stores statewide. Data from 1,500 stores showed that over a order to estimate litter abatement expenditures for the rest of the state, the IFO conducted a survey that requested litter abatement expenditures from a sample of medium and smaller-sized munic- ipalities. These municipalities reported minimal expenditures on litter abatement, and Hits: 4
Response-Letter-2-27-2020.pdf Box 202055 Harrisburg, PA 17120-2117 Harrisburg, PA 17120-2055 Dear Representatives Boback and Petrarca: This letter responds to your request for an analysis of child welfare program funding in Pennsylvania from federal, state and local sources. Specifically, your letter requests a fiscal analysis of the federal Family First Prevention Services Act (Family First). Family First provides new federal funding for Hits: 4
RB_2022_06_Act_105_Pre-Funding_Impact.pdf The Independent Fiscal Office (IFO) publishes this research brief in response to a request made during testimony before the House State Government Subcommittee on Public Pensions, Benefits and Risk Management (August 2021). The subcommittee requested that the IFO examine the financial impact from Act 105 of 2019. This research brief uses data from the affected Hits: 4
PBB_Board_Hearing_Sept_28_2021.pdf Updated Keystone Special Development Zone Tax Credit Review Presentation to the Performance-Based Budget Board September 28, 2021 PBB Addendum Requests Pennsylvania Department of Transportation ▪ Activity 12 – Administration: Human Resources measures related to career development and recruitment Department of Human Services nursing homes and (2) Average costs per individual for private care in the community September 28, 2021 1 PBB Addendum Requests Pennsylvania State Police ▪ Activity 2 – Criminal Law Enforcement and Crime Prevention: Percentage of state police troopers involved in direct law Hits: 4
PBB_2020_DHS_REPORT_Final_Updated.pdf at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. Per Act 48, approved plans shall be taken into problems and reduced diet quality as a result of lack of resources. 3 The majority of Fair Hearing requests result in a withdrawal of the appeal. For FY 17-18, 84% of requested hearings were withdrawn and 604 hearings ended in Hits: 4
IFO_Hearing_8-30-2017.pdf at 1.4 percent for the first half of the calendar year. Each year, we typically receive a number of requests from members of the General Assembly for economic or budgetary analysis. Whenever possible, we work with members to craft a informative and useful. If reliable data are available for the purpose of the proposed analysis, we have nearly always undertaken requests when time and resources permit. Per the office policy, we make all published reports available on our website after the Hits: 4
Economic_and_Revenue_Update_2020.pdf collections, demographics, long-term fiscal outlook and natural gas trends. This submission includes data, tables and graphs that have been requested in prior budget hearings. We trust they will be helpful as you consider the FY 2020-21 budget proposal. For Budget, (4) publish performance-based budgeting reports for executive agencies, (5) publish tax credit review reports and (6) at the request of members of the General Assembly, provide economic, revenue or fiscal analysis to the extent that staff resources are available Hits: 4
CNIT-Rate-Cut-2018-04.pdf IFO | APRIL 2018 1 INTRODUCTION In response to a legislative request, the Independent Fiscal Office (IFO) undertook an analysis of state corporate net income tax (CNIT) rates, their impact on revenues state CNIT rate to a rank of 40 out of the 44 states that levy a CNIT. Based on the request, this analysis contains five sections. The first section discusses changes in state CNIT rates during the past five years and Hits: 4
TC_2019_Historic_Preservation_Tax_Credit_Report.pdf to 21 projects received a credit allocation, and allocations typically comprise one-half to three-quarters of the requested amount for projects that ultimately received an allocation. Credit allocations comprise roughly one percent of estimated project costs. Data from the PHMC 2015-16 2016-17 2017-18 Received PA State Tax Credit Number Approved 15 15 16 15 21 Requested Credits $6.1 $3.3 $5.4 $6.6 $7.4 Approved Credits $3.0 $3.0 $3.0 $3.0 $3 Hits: 3
Senate_Appropriations_Committee_Response_Letter_2022.pdf Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Browne: This letter and the attached table respond to requests for additional information raised at the recent budget hearing for the Independent Fiscal Office (IFO). Senator Browne requested an update of the IFO’s five-year projections of General Fund revenues and expenditures that incorporates the proposed initiatives Hits: 3
SD-Property-Tax-Forecast-2020.pdf Property Tax Forecast The Independent Fiscal Office (IFO) has issued periodic school district property tax forecasts in response to legislative requests and public interest. This report provides an updated forecast to facilitate discussion of proposals that contemplate changes to school property The exceptions process is administered by PDE, which reviews the data submitted by the school district and validates that the request complies with the law. If the request is approved, the school district is permitted to increase the millage rate sufficient Hits: 3
SD-Property-Tax-Forecast-2019.pdf District Property Tax Forecast The Independent Fiscal Office (IFO) has issued periodic school property tax forecasts in response to legislative requests and public interest. This report provides an updated forecast to facilitate discussion of proposals that contemplate changes to school property The exceptions process is administered by PDE, which reviews the data submitted by the school district and validates that the request complies with the law. If the request is approved, the school district is permitted to increase the millage rate sufficient Hits: 3
Response_Letter_2021_April.pdf House of Representatives 149A East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Representative Ryan: Thank you for your recent request that asks the Independent Fiscal Office (IFO) to provide updates to prior requests that were published November 2017 and September 2019. 1 This letter uses the same data sources and methodologies used in Hits: 3
Response-Letter-10-7-2019.pdf of Representatives 209 Ryan Office Building Harrisburg, PA 17120-2129 Dear Representative Cox: Thank you for your recent letter that requests the Independent Fiscal Office (IFO) to provide additional data on the minimum wage analysis included in the Analysis of Revenue Proposals published by the office in March 2019. Your letter requests additional detail regarding the net wage gains displayed in Table 2.6 of the report. Your letter also inquires about Hits: 3
Response-Letter-09-12-2019-Part-2.pdf M. Tomlinson Senate of Pennsylvania 281 Main Capitol Building Harrisburg, PA 17120 Dear Senator Tomlinson: This letter responds to your request that the Independent Fiscal Office (IFO) provide an update to a previous letter transmitted by the office regarding estimates of funds necessary for a proposed expansion of the Property Tax Rent Rebate (PTRR) program for certain homeowners. 1 Your updated request specified certain parameters of the proposal that are relevant to the estimates:  Establish a new base rebate of $175 Hits: 3
Public Employee Retirement Laws of PA Local Governments (2009).pdf professional advice and should not be utilized as a substitute for such advice. Comments or suggestions regarding this publication, or requests for additional copies of this publication, should be directed to the Public Employee Retirement Commission at the following address: Public own authority or following a referendum of the electorate. A referendum on the question of joining PMRS is required if requested by a petition of at least five percent of the registered electors of the municipality. After a municipality has entered Hits: 3
Presentation-2018-10-Performance-Based-Budget-Board.pdf the agency activities.  Covered fiscal years include five actual years, plus the current year (2018-19). Traditional Agency Budget Request  The building blocks of the agency’s budget are the agency’s line-item appropriations.  Covered fiscal years by activity for each fiscal year and are broken down by salary, permanent wage, and temporary wage. Traditional Agency Budget Request  Total funding associated with the actual years reflects enacted appropriation amounts adjusted by current year lapses. Waiver funds are Hits: 3
PBB_2023_DDAP_REPORT.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a also shows active enrollments in the Pennsylvania Gaming Control Board’s self-exclusion program. Self-exclusion allows a person to request to be excluded from legalized gaming activities, which prohibits the collection of any winnings, recovery of losses or complimentary gifts Hits: 3
PBB_2022_PHMC_REPORT.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a state agencies. Agencies are billed based on number of boxes stored by the Records Center and records are available upon request of the agency. In partnership with the Office of Information Technology, the commission is developing the state’s first digital Hits: 3
PBB_2022_AGING_REPORT_Addendum.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a initial Performance-Based Budget report for the PDA delivered to the General Assembly on January 19, 2022. This addendum was requested by the Performance- Based Budget (PBB) Board during a hearing on January 25, 2022. The following data are to be Hits: 3
PBB_2020_DEP_Report.pdf at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. Per Act 48, approved plans shall be taken into 230 200 # AML/AMD reclamation projects and contracts completed 1 228 196 182 229 229 220 Citizens who requested assistance with an abandoned mine that were investigated and resolved 602 581 523 655 908 600 Efficiency Avg. cost per acre reclaimed Hits: 3
PBB_2020_DCED_REPORT.pdf at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. Per Act 48, approved plans shall be taken into Right to Know Law (RTKL) and is a quasi-judicial agency that hears and decides appeals of denied requests for government records. While administratively situated within DCED, the OOR functions independently. The OOR responds to agency, citizen and re- quester inquiries Hits: 3
PBB_2019_DGS_Report.pdf at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. Per Act 48, approved plans shall be taken into Invitation for bid (IFB). The number of solicitations issued where cost is the single criterion for award.  Requests for Proposals (RFPs). The number of solicitations issued where cost, technical exper- tise and small and small diverse business participation are the Hits: 3
Official-Revenue-Estimate-2020-06.pdf Funds Federal funds appropriations confer authority to spend monies that the federal government may provide, and state agencies request annual spending authority as part of the budget process. A federal funds ap- propriation does not guarantee funding at any particular level fact, the actual funds received and dis- bursed may be considerably less than the appropriated amounts. Agencies typically request authority to spend all federal funds anticipated for a given fiscal year. In response to the current COVID-19 pandemic, Congress has Hits: 3
IFO_Response_Letter_March_7_2022.pdf Main Capitol Building Harrisburg, PA 17120 Dear Chairman Saylor: Thank you for your letter dated January 20, 2022. Your letter requests an analysis of three bills: HB 105 PN 2611 (like-kind exchanges); HB 333 PN 1160 (Section 179 expensing); and HB 1960 PN 2247 (raise the net operating loss (NOL) deduction threshold). You request that the estimates “be prepared on the basis of assumptions that consider the probable behavioral responses of taxpayers, businesses and Hits: 3
IFO_Response_Letter_Jan_20_2023.pdf House of Representatives 7 East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Chairman Grove: This letter responds to your request that the Independent Fiscal Office (IFO) provide ten-year static and dynamic revenue estimates for proposed changes to the imposition, deposit and expenditure of motor vehicle related tax revenues. Specifically, you request that we estimate: • Deposit of motor vehicle sales and use tax (MVSUT) revenue into the Motor License Fund (MLF). Under Hits: 3
IFO-Presentation-11-14-2019.pdf million through October  Adding $200m to official estimate  Strength in sales-use, escheats and personal income non-withheld Request for $779 million in supplementals for FY 19-20  DHS $642m | Criminal Justice $90m | PDE $47m  IFO assumes 19 19-20 AAGR State Funds $29.15 $30.13 $31.94 $31.95 $33.40 $34.00 3.1% Requested Supplemental --- --- --- --- --- 0.78 n.a. Anticipated Supplemental --- --- --- --- --- 0.28 n.a. Restricted + Augment 3.58 3.57 3.70 4 Hits: 3
House Appropriation Response Letter 2-28-2020.pdf Stan Saylor Chairman House Appropriations Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Saylor: This letter responds to requests for additional information raised at the recent budget hearing for the Independent Fiscal Office (IFO). Representative Grove requested an estimated breakdown of the IFO reviewed wage contracts by department. Please see the attached table. Representative Brown requested property Hits: 3
Budget_Roundtable_Response_Letter_02_2024.pdf Appropriations Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Grove: This letter and the embedded tables respond to requests for additional information raised at the recent roundtable hearing on January 31, 2024. Representative Kutz asked if there are additional using federal stimulus (e.g., economic impact payments, PPP loans, enhanced unemployment compensation) during the federal health emergency. Representative Gleim requested data on loans or withdrawals taken from IRAs to pay down debt or support spending. Fidelity Investments publishes annual data Hits: 3
2004_srpvffinal.pdf survey respondents were asked a prepared series of questions concerning the characteristics of the subject plans. The Commission staff also requested, obtained and reviewed data from various official documents, actuarial valuations, comprehensive annual financial reports, state statutes, member handbooks, plan summaries benefit amount. Remarks: Additional narrative description of various plan provisions or design issues as necessary. N/A: Not applicable. Unknown: Requested information was either not available at the time the survey was conducted or was not available due to the nature Hits: 3
Releases markets. The report examines recent trends in net generation, net exports, CO2 emissions and prices. Full Report Senate Budget Hearing Request March 06, 2024 | Economics and Other The Independent Fiscal Office (IFO) responded to requests for additional information raised at the office’s budget hearing before the Senate Appropriations Committee. The requests relate to an Hits: 3
TC_2023_Waterfront_Development.pdf to five approved projects that are eligible to receive con- tributions through the program.  For FY 2021-22, credit requests exceeded the annual program cap for the first time. Two business applicants were denied credits due to the cap, and one business applicant’s credit request was prorated down by 85%. The denied/prorated amounts for FY 2021-22 represent $1.1 million in contributions and Hits: 2
TC_2022_Brewers.pdf that totaled $2.1 million. ▪ For most years, roughly one half of awarded tax credits flowed to large brewers that request the annual maximum of $200,000. Those brewers are generally able to use the entire tax credit within one or that totaled $2.1 million. ▪ For most years, roughly one half of awarded tax credits flowed to large brewers that request the annual maximum of $200,000. Those brewers are generally able to use the entire tax credit within one or Hits: 2
TC_2021_Keystone_Special_Development_Zones_Update.pdf Credit program. The KSDZ Tax Credit incentivizes for-profit firms to redevelop former industrial and commercial sites. An applicant may request that a site be certified as a KSDZ by DCED. To be eligible, the site must meet the following criteria DCED administers the KSDZ Tax Credit program and reviews applications. Applicants begin the process by submitting a letter to DCED requesting the designation of a site as a KSDZ. The letter must include:  Legal name and taxpayer identification (ID) numbers Hits: 2
TC_2021_Entertainment_Economic_Enhancement_Program.pdf in future years. Section 2: EEEP Tax Credit Overview | Page 9 2018-19 2019-20 Total # Authorized 7 8 15 Requested $5.6 $8.2 $13.8 Authorized 1 $5.6 $8.0 $13.6 Awarded 2 $5.6 $3.7 on the New York Musical and Theatrical Tax Credit. 14 Six applications were submitted in calendar year (CY) 2019 that requested a total of $5.7 million in tax credits. Those musical and theatrical productions were projected to incur approximately $23 Hits: 2
TC_2020_Keystone_Innovation_Zone_Tax_Credit.pdf 15 to FY 2018-19). Data show that about 250 firms are awarded credits annually and that the request for credits peaked at $20.8 million in FY 2016-17. For that same year, the annual cap on credits was reduced 16 2016-17 2017-18 2018-19 Total # Applicants 226 237 263 273 251 1,250 Total Credits Requested $17.0 $17.8 $20.8 $19.4 $19.0 $93.9 Total Credits Awarded 1 $16.9 $17.8 $15.0 Hits: 2
Senate_Appropriations_Committee_Response_Letter_2021.pdf Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Browne: This letter and the attached tables respond to requests for additional information raised at the recent budget hearing for the Independent Fiscal Office (IFO). Senator Schwank asked about job income level) and the reasons that motivate their choice to reenter or refrain from rejoining the labor force. Senator Santarsiero requested information on domestic migration for Pennsylvania and border states by age groups. Please refer to the tables on pages 4 Hits: 2
Revenue-Update-2020-04.pdf In response to a request from the General Assembly, this document updates the Pennsylvania Independent Fiscal Office’s (IFO) official General Fund revenue estimate for used for eligible expenses such as rent, mortgage, utilities and certain employee compensation. Currently, the U.S. Treasury Department has requested that Congress increase the program by $250 billion.  State government support reflects funds used to support various state government Hits: 2
Revenue-Proposal-Analysis-2020-04.pdf additional staff training at a one-time cost of $1 million (not included in table). Based on a request from the Senate Appropriations Committee, the analysis concludes with a comparison of the IFO revenue estimate and key assumptions to the same per hour likely receive some form of healthcare or retirement savings benefits. Revenue Estimate Comparison Based on a request from the Senate Appropriations Committee, the analysis concludes with a comparison of the IFO revenue estimate and key assumptions to the same Hits: 2
Response-Letter-9-30-2019.pdf East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Representative Ryan: Thank you for your July 9 th letter that requests the Independent Fiscal Office (IFO) to provide additional estimates related to House Bill 13. The IFO provides the enclosed table in response to that request. Please note the following:  The estimates utilize the latest revenue forecast released by the IFO (June 21, 2019 and Hits: 2
Response-Letter-11-08-2019.pdf Vincent Hughes Senate of Pennsylvania 545 Main Capitol Building Harrisburg, PA 17120 Dear Senator Hughes: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates related to school district property tax rebates for eligible homesteads. Specifically, your letter requested the following estimates:  The number of properties that may qualify as homestead properties. 1  The statewide average school Hits: 2
Response-Letter-09-19-2019.pdf Doug Mastriano Senate of Pennsylvania 172 Main Capitol Building Harrisburg, PA 17120 Dear Senator Mastriano: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates of the annual loss of tax revenue associated with the elimination of that are age 65 or older and have an annual household income of $40,000 or less. Your letter also requested the following details/parameters:  The number of households impacted by the proposal.  The annual loss of tax revenue Hits: 2
Response-Letter-09-06-2019.pdf Senate of Pennsylvania 20 East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Senator Scavello: This letter responds to a request made by your office to provide an additional estimate related to an analysis transmitted by the Independent Fiscal Office (IFO) on August 16, 2019. 1 The new request provides a proposed rebate for school district property taxes paid up to $5,000 for homeowners age 65 or older Hits: 2
Response-Letter-08-16-2019.pdf Senate of Pennsylvania 20 East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Senator Scavello: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates of the funds necessary for a proposed property tax rebate for homeowners the proposal would grow by roughly 4.0 to 5.0 percent per annum over the next five years. Your request also asks the IFO to compute the change in the personal income or sales tax rate necessary to fund the Hits: 2
RB-2020-COVID-19 Local Revenue Impact.pdf In response to a request from the General Assembly, this research brief examines how the COVID-19 pandemic and mandated business closures could impact local Toth. Questions regarding this brief can be directed to jbushman@ifo.state.pa.us. This research brief was motivated by requests from Senators John DiSanto, Scott Martin, Tim Kearney and Representatives Dan Moul and Robert Freeman. Municipal (000s) County (000s) CY Hits: 2
RB-2018-01.pdf The exceptions process is administered by PDE, which reviews the data submitted by the school district and validates that the request complies with the law. If the request is approved, the school district is permitted to increase the millage rate sufficient to generate revenues up to the amount Hits: 2
RB-2017-5.pdf Economic Growth INDEPENDENT FISCAL OFFICE DECEMBER 2017 Responsiveness of Independent Fiscal Office Page 1 Introduction This analysis responds to a request submitted by a member of the General Assembly to the Independent Fiscal Office (IFO). The analysis compares the growth of points on the figure provide a graphical depiction of certain data contained in Table 9. Conclusion The IFO received a request to examine the responsiveness of state tax revenues to economic conditions. The analysis compared the responsiveness of (1) personal income Hits: 2
PBB_2019_JCJC_Report.pdf at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. Per Act 48, approved plans shall be taken into for the Juvenile Court Judges’ Commission delivered to the General Assembly on January 14, 2019. This addendum was requested by the Performance-Based Budget Board during a hearing on January 22, 2019. The follow- ing data are to be used in Hits: 2
PBB-Board-Hearing-Jan-22-2020.pdf meet with agencies earlier than last year (start in April)  Agencies have more data | switch to electronic platforms  Request efficiency metrics previously not compiled by agencies  Many more state and county benchmarks Year 3: further streamline reports, more FY 2019-20 data are different than other years  Does not include “potential” supplementals ($779 million)  Reflects all requested federal funds authority (only some used) Process much smoother than last year  Longer lead time | agencies see last year Hits: 2
NAP-2018-03.pdf of the Tax Reform Code of 1971 (Act 48-1994). 2 This report is provided in response to a legislative request and does not constitute a tax credit review as required under Act 48-2017. 3 The following areas are deemed tax credits may increase as a result of the recent federal tax law changes. This report was motivated by a request from Representatives Bernie O’Neil and Jake Wheatley. The IFO would like to thank the Department of Community and Economic Hits: 2
IFO_Response_Letter_April_5_2023.pdf Rosemary M. Brown Pennsylvania Senate 187 Main Capitol Building Harrisburg, PA 17120 Dear Senator Brown: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates for a proposed two-tier property tax rebate for senior homeowners (age and Housing Statistics Division, memo to ACS Research Evaluation and Advisory Group (March 2016). April 5, 2023 Page 2 Your request also asks the IFO to compute the change in the personal income tax (PIT) or sales and use tax (SUT Hits: 2
IFO_Hearing_Packet_Feb2019.pdf collections, demographics, long-term fiscal outlook and energy industry trends. This submission includes data, tables and graphs that have been requested in prior budget hearings. We trust they will be helpful as you consider the fiscal year 2019-20 budget proposal Budget, (4) publish performance-based budgeting reports for executive agencies, (5) publish tax credit review reports and (6) at the request of members of the General Assembly, provide economic, revenue or fiscal analysis to the extent that staff resources are available Hits: 2
IFO_Hearing_Packet_Feb2018.pdf revenue collections, demographics, long-term fiscal outlook and energy industry trends. The office has compiled some of the most frequently requested data and included it with this submission. We trust these data will be helpful as you consider the fiscal year Budget, (4) publish performance‐based budgeting reports for executive agencies, (5) publish tax credit review reports and (6) at the request of members of the General Assembly, provide economic, revenue or fiscal analysis to the extent that staff resources are available Hits: 2
IFO_Hearing_Materials_March_2023.pdf collections, demographics, long-term fiscal outlook and natural gas trends. This submission includes data, tables and graphs that have been requested in prior budget hearings. We trust they will be helpful as you consider the FY 2023-24 budget proposal. Functions performance-based budgeting reports for executive agencies, (5) publish tax credit review reports, (6) dynamic modeling and (7) at the request of members of the General Assembly, provide economic, revenue or fiscal analysis to the extent that staff resources are available Hits: 2
IFO_Hearing_Materials_Feb_22_2022.pdf collections, demographics, long-term fiscal outlook and natural gas trends. This submission includes data, tables and graphs that have been requested in prior budget hearings. We trust they will be helpful as you consider the FY 2022-23 budget proposal. Functions performance-based budgeting reports for executive agencies, (5) publish tax credit review reports, (6) dynamic modeling and (7) at the request of members of the General Assembly, provide economic, revenue or fiscal analysis to the extent that staff resources are available Hits: 2
House_Appropriation_Response_Letter_3_17_2021.pdf Saylor Chairman House Appropriations Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Saylor: This letter responds to your request for additional information on states that have legalized recreational marijuana and associated costs arising from legalization that are external to use of alcohol and/or other drugs. California -- March 17, 2021 Page 5 Potential Cost Savings In response to the request, this summary detailed the negative externalities and costs associated with recreational marijuana legalization. There are also cost savings associated with Hits: 2
House_Appropriations_Committee_Response_Letter_2022.pdf Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Saylor: This letter and the attached table respond to a request for additional information raised at the recent budget hearing for the Independent Fiscal Office. Representative Bullock requested data on job loss and recovery by race. The U.S. Census Bureau’s Quarterly Workforce Indicators reports quarterly employment Hits: 2
EPLC_April_2024.pdf budgeting | Tax credit reviews • Pension analysis | Dynamic modeling | Economic impact • Analyze impact of collective bargaining agreements Special Studies and Legislative Requests • Property tax reform | Natural gas & electricity • State comparisons | Others as requested IFO Role in Budget Process Source: Governor’s Executive Budget 2024-25, page 4. • Nov 15: 5-Year Economic & Budget Hits: 2
Economic_and_Revenue_Update_2021.pdf collections, demographics, long-term fiscal outlook and natural gas trends. This submission includes data, tables and graphs that have been requested in prior budget hearings. We trust they will be helpful as you consider the FY 2021-22 budget proposal. Functions Budget, (4) publish performance-based budgeting reports for executive agencies, (5) publish tax credit review reports and (6) at the request of members of the General Assembly, provide economic, revenue or fiscal analysis to the extent that staff resources are available Hits: 2
DOC_Performance_Measures_Final.pdf most useful for their deliberations. The office received positive feedback regarding the preliminary contents of that report. Recently, Chairman Saylor requested that the IFO submit a completed version of the report for the purpose of the DOC budget hearings. Based on that request, the office submits the attached report. The department has reviewed the data contained in the report and has supplied comments Hits: 2
Budget Hearings Packet.pdf revenue collections, demographics, long-term fiscal outlook and energy industry trends. The office has compiled some of the most frequently requested data, including select interstate comparisons, and enclosed it for the information of committee members. We trust this background data will bargaining agreements, (3) provide an economic analysis of any revenue proposals included in the Executive Budget and (4) at the request of members of the General Assembly, provide economic, revenue or fiscal analysis. IFO Reports and Analyses Regular Monthly or Quarterly Hits: 2
Budget Hearings Packet- Web Version.pdf revenue collections, demographics, long-term fiscal outlook and energy industry trends. The office has compiled some of the most frequently requested data, including select interstate comparisons, and enclosed it for the information of committee members. We trust this background data will bargaining agreements, (3) provide an economic analysis of any revenue proposals included in the Executive Budget and (4) at the request of members of the General Assembly, provide economic, revenue or fiscal analysis. IFO Reports and Analyses Regular Monthly or Quarterly Hits: 2
Act_25_Letter_Feb_2022.pdf House of Representatives 7 East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Representative Grove: This letter responds to your request that the Independent Fiscal Office (IFO) provide updated estimates for the reduction in school property taxes due to the implementation of Act 25 of 2011. The request also included an estimate of the impact on residential property and business property taxpayers. This analysis provides a high-level Hits: 2
About IFO The IFO hires staff based solely on professional qualifications, without regard to political affiliation. To submit a Right-to-Know request, please visit our RTK page . Staff Matthew Knittel Director Formerly employed as a financial economist by the US Department of and working on monthly economic and revenue updates. Other responsibilities include managing the office website, social media platforms and media requests. Rachel Flaugh Fiscal Analyst Ms. Flaugh joined the IFO in 2017 and her primary responsibilities include forecasting revenues from minor Hits: 2
TC_2023_Manufacturing.pdf date is the first date of the calendar quarter in which an application is submitted to DCED unless the applicant requests, and the Department agrees to, a later start date. 4 Pennsylvania average county wage data is published on DCED’s Hits: 1
TC_2021_Video_Game_Production.pdf not be included with wages and salaries paid. 2017-18 2018-19 2019-20 Total # Authorized 2 2 5 9 Requested $0.33 $0.95 $1.00 $2.28 Authorized 1 $0.33 $0.95 $1.00 $2.28 Awarded 2 Hits: 1
TC_2021_Resource_Enhancement_and_Protection.pdf html. 40 See https://www.nfwf.org/programs/chesapeake-bay-stewardship-fund/innovative-nutrient-and-sediment-reduc- tion-grants-2021-request-proposals. Section 3: Background and Government Policies | Page 20 Progress Table 3.5 displays the most recent TMDL reduction data Hits: 1
TC_2019_New_Jobs_Tax_Credit_Report.pdf un- employed individuals or veterans to fill the position. In the past five years, there have been no requests for credits under either provision.  It is unlikely that the current JCTC program has a significant impact on job creation. Research Hits: 1
TC_2019_Film_Production_Tax_Credit_Report.pdf package that includes the following:  A non-refundable application fee equal to 0.2 percent of the requested FPTC amount, up to a maximum of $10,000. The fee is waived for projects with a total production budget of $1 Hits: 1
Tax_Credit_and_PBB_Overview_2019-01-24.pdf  New Jobs Tax Credit (JCTC). January 24, 2019 1 Tax Credit Methodology Meet with stakeholders and agency staff.  Request data from agencies: DCED, DOR, PHMC.  Agencies review draft reports.  All invited to submit comments. Review relevant studies Hits: 1
Tax_Credit_and_Other_Incentives_2022.pdf investments. The IFO projects $100 million in payments for FY 2022-23; however, actual payments will be based on reimbursement requests and cash availability. • Two programs administered by the Ben Franklin Technology Development Authority (BFTDA) have budgeted increases for FY 2022- Hits: 1
Tax_Credits_and_Other_Incentives_2024.pdf 2023. The IFO projects $100 million in payments for FY 2023-24; however, actual payments will be based on reimbursement requests and cash availability. • The Sports Tourism and Marketing Grants were new for FY 2022-23. While no grants were issued Hits: 1
TaxCredit and PBB Overview- 2019-01-24.pptx Credit (FPTC). ▪ New Jobs Tax Credit (JCTC). January 24, 2019 1 Tax Credit Methodology Meet with stakeholders and agency staff. ▪ Request data from agencies: DCED, DOR, PHMC. ▪ Agencies review draft reports. ▪ All invited to submit comments. Review relevant studies over past Hits: 1
TaxCredit and PBB Overview- 2019-01-24.pdf  New Jobs Tax Credit (JCTC). January 24, 2019 1 Tax Credit Methodology Meet with stakeholders and agency staff.  Request data from agencies: DCED, DOR, PHMC.  Agencies review draft reports.  All invited to submit comments. Review relevant studies Hits: 1
SUT Exemption for Aircraft - January 2013.pdf air carrier that “holds itself out” to the public as willing to furnish transportation to all persons who request service (i.e., scheduled airlines). 4  Contract Carrier – Carriage for hire which does not involve “holding out.” 5  Commercial General Hits: 1
SR2017-06.pdf the total assessed value of taxable property for 2017. If a county was not able to supply all of the requested information or if the county did not respond to the survey, the IFO estimated the missing values based on data Hits: 1
SERS_Stress_Test_Impact_Analysis_2022.pdf because major stock market indexes have declined significantly to date in 2022. For the Economic and Budget Outlook, the IFO requested a simulation from SERS that assumed a -10% net investment return for 2022, and through November 30, the S&P Hits: 1
Sen_Maj_Pol_Comm_Brain_Drain_Workshop_04_30_2019.pdf Data Requested for: Senate Majority Policy Committee Public Workshop: Student Flight (Brain Drain) from Pennsylvania April 30, 2019 Submitted by: Independent Fiscal Hits: 1
Senate Budget Hearing Request.pdf Browne Chairman Senate Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Browne: This letter responds to a request for additional information raised by Senator Vulakovich at the recent budget hearing for the Independent Fiscal Office (IFO). Specifically, Senator Hits: 1
Select Committee Oct 1 2012 FINAL.pdf 2012 Analysis of HB 1776 and SB 1400 of 2012 – Slide 17 Who Bears the Tax Burden?  It was requested that the IFO examine the business vs. non-business impacts.  Analysis considers the “statutory tax incidence” or the party Hits: 1
Revenue_Proposal_Analysis_2023_05.pdf reviewed 70 minimum wage analyses published since 1992. For each of the 70 studies included, the working paper’s authors requested from the original researchers the preferred (i.e., most pertinent or relevant) elasticity that should be used from their analysis Hits: 1
Revenue-Proposal-Analysis-2018-04.pdf the industry, and substantial wage gains. 34 It should be noted that both studies were either funded or requested by the City of Seattle or the mayor’s office. These reports demonstrate the sensitive nature of results from minimum wage studies Hits: 1
Response-Letter-09-12-2019.pdf M. Tomlinson Senate of Pennsylvania 281 Main Capitol Building Harrisburg, PA 17120 Dear Senator Tomlinson: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates of the funds necessary for a proposed expansion of the Property Tax Hits: 1
RB_2021_11_Economic_Development_Incentives.pdf for CY 2021 have not yet been announced as of this date, but there have been 775 submissions to date requesting nearly $2.5 billion in grant funds. • Projects funded from the Gaming, Economic Development and Tourism Fund ($25.5 million Hits: 1
RB_2021_01_Economic_Impact_of_Federal_Stimulus.pdf current temporary economic conditions facilitate raising the state minimum wage. The IFO includes this section in response to a specific request from a member of the General Assembly during the March 2021 budget hearings. 8 In reality, the out-of-state Hits: 1
RB_2020_12_PPP_Loans_to_PA_Businesses.pdf Health Care Enhancement Act of 2020. 2 Applicants also had to self-certify that “current economic uncertainty makes this loan request necessary to support the ongoing operations.” 3 The maximum amount of funds that can be borrowed through the PPP is Hits: 1
RB-2016-02.pdf pa.us Staff Acknowledgements: Lauren Mondschein and Matthew Lindsay Independent Fiscal Of Ðice This research brief was motivated by a request from Representative Todd Stephens. The IFO would like to thank all of the agencies that assisted in providing the information Hits: 1
PSBA_January_19_2022.pdf collections, economic update ▪ Pensions: determine if actuarial note required prior to further consideration ▪ Property tax: forecasts and analysis depending on requests/data available ▪ Performance Based Budgets (PBB) and Tax Credit reviews ▪ Natural Gas: quarterly production reports, annual impact fee collections January Hits: 1
PSBA Presentation - Final.pdf Overview Independent Fiscal Office started September 2011.  Provide budget projections: November, May/June and January.  Special reports at request of General Assembly. First: Provide some context on property taxes.  School district reliance on property tax.  Compare PA Hits: 1
Property-Tax-Update-August-2018.pdf 17120 Harrisburg, PA 17120 Dear Representatives Pashinski and Sturla: Your staff recently contacted the Independent Fiscal Office (IFO) with a request to update certain tables and graphs that have been published by the office. This letter contains updates to those tables Hits: 1
Presentation_Phil_Chamber_2-12-2015.pdf The Independent Fiscal Office  Two Regular Monthly Reports. • Monthly Economic Report. • Monthly Revenue Trends Report.  Special Studies (at request of Gen. Assembly): • HB 1776 and SB 76 – Property Tax Reform. • Medicaid Expansion. • Film Tax Credits. • Taxation of Natural Gas Hits: 1
Presentation_2017_02_10_EPLC.pdf 15.  Five-Year Economic and Budget Outlook: Nov. 15.  Actuarial analysis for pension legislation.  Special studies at request of General Assembly. Office Makes NO Policy Recommendations. Independent Fiscal Office 10.Feb.2017 2 The widespread 2008-2009 U Hits: 1
Presentation_2016-06-08_GPNP_Budget_Outlook.pdf Duties: • General Fund Revenue Estimate: May 1 & Jun. 15. • Five‐Year Economic and Budget Outlook: Nov. 15. • Special studies at request of General Assembly. Office Makes NO Policy Recommendations. The Independent Fiscal Office 8.Jun.2016 2 FY 2016‐17 Budget Hits: 1
Presentation_2016-05-12_PaDUC_Impact_of_Demographics.pdf Duties: • General Fund Revenue Estimate: May 1 & Jun. 15. • Five‐Year Economic and Budget Outlook: Nov. 15. • Special studies at request of General Assembly. Office Makes NO Policy Recommendations. 2 The Independent Fiscal Office 12.May.2016 Demographic Are Key. • General Hits: 1
Presentation-2018-07-NCSL.pdf Sensitivity Analysis Actuaries supplied projections and other data used in the analysis.  An IFO-contracted actuary helped shape the request and interpret the data, which was supplied by actuaries for the two major state pension systems.  The IFO performed Hits: 1
PMTA_Presentation_April_2023.pdf legislative fiscal office | all are part of legislature ▪ Only IFO is separate and has no governing board ▪ Members can make requests, and all work published on website ▪ Office does not make recommendations unless required Presentation has 3 parts ▪ I. Statewide economic Hits: 1
PBB_Board_Hearing_Request_May_4_2021.pdf the Neighborhood Assistance Program (NAP) and a county breakdown of the Resource Enhancement and Protection Program (REAP) Tax Credits as requested as follow-up during the Performance-Based Budget Board hearing on April 26, 2021. If you have any questions, please Hits: 1
PBB_Board_Hearing_Jan_11_2023.pdf the federal government PID does not track aggregated rate increases for all insurance types ▪ PID reviews and approves rate increase requests for property and casualty and life insurance but does not track aggregate value of rate increases ▪ PID does track rate Hits: 1
PBB_Board_Hearing_Jan_09_2023.pdf 17-18 January 9, 2023 7 DCNR Metric Highlights (Continued) Significant increase in funding for local recreation and conservation ▪ Grant requests up 75%, awards up 120% from FY 17-18 to FY 22-23 ▪ DCNR monitors data on state residents’ proximity Hits: 1
PBB_2023_DOR_REPORT.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a Hits: 1
PBB_2022_AGRICULTURE_REPORT.pdf reviews plans at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. A performance-based budget differs from a Hits: 1
PBB_2019_DOBS_Report.pdf at a public hearing at which agency heads or their representative must attend to offer additional explanations if requested. The PBB Board has 45 days after submission to approve or disapprove plans. Per Act 48, approved plans shall be taken into Hits: 1
PBB-Overview-2019-01-22.pdf outcome). Agencies shall submit information to IFO.  Descriptions of programs, agency mission and goals.  Any data that are requested, relevant and available. IFO submits plans to PBB Board for review.  If disapproved, return to IFO with recommendations. January Hits: 1
PA_Economy_League_Presentation.pdf 15.  Five-Year Economic and Budget Outlook: Nov. 15.  Actuarial analysis for pension legislation.  Special studies at request of General Assembly. Office Makes NO Policy Recommendations. 19.May.2017 Independent Fiscal Office 2 Broad overview of the potential Hits: 1
NFIB_Presentation.pdf notes for pension legislation. ◦ Performance-based budget reports and tax credit reviews. ◦ Analysis of collective bargaining agreements. ◦ Special studies at request of General Assembly. Dec.13.2017 2 A Unique State Office Structured to provide independent analysis. ◦ In most states, a Hits: 1
Newsstand_2018_July.pdf By comparison, the S&P 500 Index increased by 17.0% (annual average). The preliminary tax data exclude filers who requested an extension to file (typically upper-income taxpayers). IFO NEWS STAND A monthly glimpse at the state of the economy Hits: 1
Municipal_Analysts_Presentation.pdf 15).  Five-year economic and budget outlook (November 15).  Pension and wage contract analysis.  Special studies at request of General Assembly. A Quick Tour Budget Status.  Where are we? How did we get here? Demographic Outlook.  Hits: 1
MSC_March_31_2021.pdf 2,488 -2,330 -1,961 Note: Millions of dollars. Excludes $900 million in supplemental appropriations for FY 20-21 requested in Executive Budget. For FY 21-22, excludes enhanced FMAP ($2.4 billion) and new American Rescue Plan stimulus. Prior Hits: 1
MGMT Nonrepresented Wage Contract.pdf Pennsylvania 281 Main Capitol Building Harrisburg, PA 17120 Dear Senator Browne: Thank you for your July 15 th letter that requests the Independent Fiscal Office (IFO) to prepare a cost analysis that assumes all management and non-represented employees will receive Hits: 1
Kling_Presentation.pdf Making CBO’s Work Widely Available 23 CBO Being transparent has costs. To facilitate its efforts to improve transparency, CBO requested—and has received—an increase in its annual appropriation (as a first step in a three-year ramp-up). And Hits: 1
IFO_Response_Letter_May_16_2022.pdf updated estimates for potential property tax replacement revenues proposed under House Bill 13. This letter responds to your April 20 request for additional information related to those estimates. Estimates Adjusted for Effective Dates The IFO projects that an October 1 effective Hits: 1
IFO_Response_Letter_Feb_21_2023.pdf PA 17120 Dear Senator Pennycuick: Thank you for the letter submitted to our office on January 9, 2023. That letter requests that the Independent Fiscal Office (IFO) project the impact of an increase in the share of taxable income that C Hits: 1
IFO_Hearing_Materials_02_2024.pdf performance-based budgeting reports for executive agencies, (5) publish tax credit review reports, (6) dynamic modeling and (7) at the request of members of the General Assembly, provide economic, revenue or fiscal analysis to the extent that staff resources are available Hits: 1
House Budget Hearing Request.pdf Stan Saylor Chairman House Appropriations Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Saylor: This letter responds to requests for additional information raised at the recent budget hearing for the Independent Fiscal Office (IFO). Representative Dunbar asked about the Hits: 1
GPNP July 10, 2012 final.pdf and Analysis  Office will be posting regular reports and analysis.  Monthly Economic Update (later this month).  Legislative Requests: Property Tax Proposals (late September).  Interstate comparison of tax structures and tax burdens (later this month). 10.Jul.2012 Hits: 1
Five_Year_Outlook_2022.pdf 1.9 0.9 Source: Rates are from information transmitted to the IFO by SERS and PSERS. Rates reflect simulations requested by the IFO which assume alternative rates of return (SERS: -10% net investment return for CY 2022; PSERS: 2.5% Hits: 1
Five_Year_Outlook_2021.pdf payroll. Source: Rates are from information transmitted to the IFO by SERS and PSERS. The SERS rates reflect a simulation requested by the IFO that assumes a 10% net investment return for CY 2021. This assumption is not incorporated into employer Hits: 1
Econ Summit Presentation Feb 28 2017.pdf Estimate: May 1 & June 15. • Five-Year Economic & Budget Outlook: Nov. 15. • Actuarial analysis of pension legislation. • Special studies at request of General Assembly.  Office makes NO policy recommendations. February 28, 2017 2 Projected Budget Deficit February 28, 2017 3 Hits: 1
DotPlotData.xlsx due to other relevant factors such as family income and share of ELL students. Two Dot Plots Original Dot Plot Requested Alternative Dot Plot image1.emf Notes: Current expenditure are total expenditures minus (1) facilities acquisition, construction and improvement services (AFR Hits: 1
Demographics_Outlook_2020.pdf tax and 19 to 22 percent of state sales tax. See “Senior Spending and Tax Revenues,” IFO legislative request, September 23, 2019. Figure 2.2 Pennsylvania and U.S. Working-Age (20-64) to Retiree (65+) Ratios Sources: Data for 2015 Hits: 1
Congressional_Budget_Office_Nov_15_2022.pdf year. Those estimates include the impact of federal mandates on state, local, and tribal governments. CBO also fulfills thousands of requests for technical assistance as lawmakers draft legislation. Furthermore, CBO tracks appropriation actions. CBO Prepares Estimates of the Effects of Legislative Hits: 1
CompetePA_March_11_2021.pdf 2,488 -2,330 -1,961 Note: Millions of dollars. Excludes $900 million in supplemental appropriations for FY 20-21 requested in Executive Budget. For FY 21-22, excludes enhanced FMAP ($2.4 billion) and new American Rescue Plan stimulus. Prior Hits: 1
BEFC_Response_Letter_12_19_23.pdf III (best practices) sections of the survey. If you have any further follow-up questions to these responses or other requests related to the 2023 BEFC Survey, please let me know. Sincerely, Matthew J. Knittel Director, Independent Fiscal Office 1 Guydish Hits: 1
2021-SD-Property-Tax-Forecast.pdf The Independent Fiscal Office (IFO) has issued periodic school district property tax forecasts in response to legislative requests and public interest. This report provides an updated forecast to facilitate discussion of proposals that contemplate changes to school property Hits: 1
2013_special_report_funding_and_reforming_public_employee_retirement_systems.pdf The Rhode Island Supreme Court denied the state’s request for an immediate appeal of the initial decision, thus allowing the Court to go forward with a trial. Reasoning: The Court finds that the Employees’ Retirement System of the State of Hits: 1
2001_hr266.pdf relevant information and staff assistance, in 4 response to the issues above, to the Public Employee Retirement 5 Commission upon request; and be it further 6 RESOLVED, That the Public Employee Retirement Commission 7 report its findings concerning the provision of Hits: 1