In response to a member request, the IFO provided revenue estimates for certain provisions of HB 2763, entitled The Universal Health Care Act.
Section 604-B (a)(2) of the Administrative Code of 1929 specifies that the Independent Fiscal Office (IFO) shall “provide an assessment of the state’s current fiscal condition and a projection of what the fiscal condition will be during the next five years. The assessment shall take into account the state of the economy, demographics, revenues and expenditures.” This report fulfills the demographics obligation of this statute.
Director Knittel provided an “Economic Update” at the Greater Susquehanna Valley Chamber of Commerce's annual Economic Forecast.
The IFO released a research brief that updates fuel consumption through July 2026. Despite a large spike in gasoline prices over the summer, Pennsylvania drivers did not reduce consumption. The brief also examines the modest contraction of fuel taxes deposited into the Motor License Fund compared to other revenue sources, such as licenses and fees.
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.
The IFO published a budget brief that examines two provisions that convert the flat state income tax (3.07% rate) into an effectively progressive tax for lower-income filers.
The IFO published a budget brief using the latest SNAP data from June 2026. Enrollment has reverted to pre-Covid levels after a 14% contraction from the June 2024 peak.
The IFO released a budget brief on trends in effectuated enrollments for the Pennsylvania healthcare exchange (Pennie).