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Release thumbnail - Impact Fee Update and 2020 Outlook - 2020-06-25

Impact Fee Update and 2020 Outlook

June 25, 2020 | Energy

This report examines impact fee collections for 2019 and provides an outlook for 2020.

Tags: gas

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(Oct 30) - opens in a new tab The IFO will release its long-term fiscal outlook for FY 2025-26 to FY 2030-31 on November 13 at 1:30 pm. If a spending agreement is reached for the FY 2025-26 budget prior to November 13, the report will be postponed until a later date. RSVP: forms.gle/hHR7bxKaAQ7XyQ… pic.x.com/523TMAI8eD
(Oct 23) - opens in a new tab A required IFO report shows the sales tax is regressive. The report computes each county’s share of statewide sales tax including Philadelphia (9.3%), Allegheny (10.5%), Lancaster (4.2%) and Franklin (1.1%). See: ifo.state.pa.us/Resources/Docu… pic.x.com/TOrZKryQUk
(Oct 23) - opens in a new tab The IFO released a required sales tax report. Potential tax base expansion items that could enhance revenues include clothing/footwear ($990 million) and professional sports events ($50 million). See: ifo.state.pa.us/Resources/Docu… pic.x.com/gICm0NeYne

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Independent Fiscal Office
2nd Floor Rachel Carson State Office Building
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