Director Matthew Knittel will testify in front of the House of Representatives’ State Government Committee to provide the committee with information regarding the IFO’s administration of laws under the jurisdiction of the State Government Committee.
This report for the second quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts.
This report provides preliminary revenue distributions based on the FY 2017-18 projections contained in the Official Revenue Estimate published by the IFO on June 15, 2017. They do not reflect any potential statutory changes that may be enacted with the state budget.
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.
On June 2, 2017, the Independent Fiscal Office submitted a memo to the Joint State Government Commission containing work product for HR 910 of 2016. The linked document is a copy of that memo.
The Commonwealth collected $2.1 billion in General Fund revenues for July, an increase of $113 million (5.7%) compared to July 2016.