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Budget and Economic Update

February 23, 2026 | Economics and Other

Release thumbnail - Budget and Economic Update - 2026-02-23

Director Knittel provided a budget and economic update to the PA Chamber of Business and Industry.

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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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(Jun 02) - opens in a new tab PA natural gas production for 2026Q1 decreased by 0.8% from the prior year, the first annual decline for a quarter since 2024Q4. New wells drilled increased by 7.4%. See: ifo.state.pa.us/Resources/Docu… pic.x.com/vVICzmvnIr
(Jun 01) - opens in a new tab The Commonwealth collected $3.31 billion in General Fund revenues for May, an increase of $73 million (+2.3%) compared to May 2025. See: ifo.state.pa.us/Resources/Docu… pic.x.com/WOE5mgoA1g
(May 28) - opens in a new tab For FY 25-26, the state share of school district revenues will increase to 40.4%, up from 36.1% in FY 20-21. See: ifo.state.pa.us/Resources/Docu… pic.x.com/qqfoVe8JxI

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