This report presents data on Pennsylvania tax credits and economic development incentives for fiscal years (FY) 2021-22 through FY 2026-27. The tables provide annual detail on tax credit utilization or awards, state spending or grants, job training programs and state loan programs. Fiscal year 2026-27 amounts are budgeted, authorized or projected and will differ from final amounts claimed or awarded. The report also highlights recent changes to incentive program spending or utilization.
This report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis (BEA) and other sources to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) state and local effective tax rates across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels.
This budget brief provides data for interest earned on the General Fund and Rainy Day Fund average daily balances. It also provides estimates for FY 2026-27 and FY 2027-28.