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Economic Update

February 22, 2024 | Economics and Other

Release thumbnail - Economic Update - 2024-02-22

Director Knittel provided an economic update at the Economic Forecast and Business Leadership Summit.

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Revenue Estimates
Revenue & Economic Update
Performance Budgeting
Energy
Pension Analysis
Property Tax
Wage Contracts
Tax Credit Review
Economics and Other

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(May 20) - opens in a new tab The IFO released a revenue update for FY 25-26 and initial estimate for FY 26-27. Latest structural deficit forecast is $4.8 (25-26) and $5.6 billion (26-27). See: ifo.state.pa.us/Resources/Docu… pic.x.com/ERxOzozdyH
(May 19) - opens in a new tab Reminder: The IFO will present its Initial Revenue Estimate on Wednesday, May 20 at 1:30. It will include recent Pennsylvania economic trends, national data center trends and an update to the projected structural deficit from the IFO's long-term fiscal outlook (Nov. 2025). pic.x.com/M2iHj3uucc
(May 13) - opens in a new tab The IFO will present its Initial Revenue Estimate on Wednesday, May 20 at 1:30. It will include recent Pennsylvania economic trends, national data center trends and an update to the projected structural deficit from the IFO's long-term fiscal outlook (Nov. 2025). Register: pic.x.com/Te8U1eWVG7

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