This report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS) and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative state and local tax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels.
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.
This report for the first quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts.
The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and actual collections.
Throughout May, Director Matt Knittel and Deputy Director Mark Ryan will make five presentations on the potential implications of school district property tax reform. The events are sponsored by the Pennsylvania Economy League and will take place at the various locations listed below.
Click the following links for additional details:
READING Thursday May 4th 7:30-9:00am
WILLIAMSPORT Friday May 5th 12:00-1:30pm
YORK Thursday May 11th 12:00-1:30pm
WILKES-BARRE Friday May 12th 12:00-1:30pm
LEHIGH VALLEY Friday May 19th 12:00-1:30pm
The initial revenue estimate for FY 2017-18 and updated estimates for FY 2016-17.
The Commonwealth collected $3.43 billion in General Fund revenues for April, a decrease of $227.0 million (-6.2%) compared to April 2016. Fiscal year-to-date revenues were $25.82 billion, a decrease of $73.1 million (-0.3%) from the prior year.