Releases

IFO Releases
Release thumbnail - 2023 Tax Credit Reviews - 2023-01-10
2023 Tax Credit Reviews
January 10, 2023 | Tax Credit Review

IFO presentation of the Manufacturing, Pennsylvania Resource Manufacturing, Rural Jobs and Investment, and Waterfront Development Tax Credit Reviews.

Tags: credit, tax

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Release thumbnail - PBB Overview Presentation for DOR - 2023-01-10
PBB Overview Presentation for DOR
January 10, 2023 | Performance Budgeting

IFO presentation of Performance-Based Budget overview and agency highlights for the Department of Revenue is posted on the website.

Tags: budgeting, performance

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Release thumbnail - PBB Overview Presentation for DCNR and DDAP - 2023-01-09
PBB Overview Presentation for DCNR and DDAP
January 09, 2023 | Performance Budgeting

IFO presentation of Performance-Based Budget overview and agency highlights for the Department of Conservation and Natural Resources and the Department of Drug and Alcohol Programs is posted on the website.

Tags: budgeting, performance

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Release thumbnail - Waterfront Development Tax Credit - 2023-01-05
Waterfront Development Tax Credit
January 05, 2023 | Tax Credit Review

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the fifth year, the IFO reviewed the Manufacturing, Resource Manufacturing, Rural Jobs and Investment, and Waterfront Development Tax Credits.

Click on the link to access the Waterfront Development Tax Credit Report.

Tags: credit, tax

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Release thumbnail - Post-Pandemic Gasoline Consumption - 2023-01-05
Post-Pandemic Gasoline Consumption
January 05, 2023 | Economics and Other

The IFO published a research brief on the decline in Pennsylvania gasoline consumption resulting from recent trends in remote working and higher gasoline prices. Reduced consumption means less funding for road and bridge construction, as gasoline taxes fund 55% of those projects.

Tags: brief, consumption, gasoline, research

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Release thumbnail - Rural Jobs and Investment Tax Credit - 2023-01-05
Rural Jobs and Investment Tax Credit
January 05, 2023 | Tax Credit Review

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the fifth year, the IFO reviewed the Manufacturing, Resource Manufacturing, Rural Jobs and Investment, and Waterfront Development Tax Credits.

Click on the link to access the Rural Jobs and Investment Tax Credit Report.

The report was amended on February 17, 2023 to include updates to Table 3.1 on page 14.

Following publication of the RJITC report, the IFO became aware of a data discrepancy contained within a referenced study. As a result, the RJITC report was updated to exclude references to the “Evaluation of Alabama’s Entertainment Industry Incentive Program and New Markets Development Program” on February 23, 2023.

Tags: credit, tax

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Release thumbnail - Department of Conservation and Natural Resources - 2023-01-05
Department of Conservation and Natural Resources
January 05, 2023 | Performance Budgeting

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fifth year, the IFO reviewed the Department of Conservation and Natural Resources, Department of Drug and Alcohol Programs, Department of Revenue, Pennsylvania Insurance Department and the Executive Offices.

Click on the link to access the performance-based budget review for the Department of Conservation and Natural Resources.

Approved by the PBB Board on January 9, 2023. 

Tags: budgeting, performance

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Release thumbnail - Department of Drug and Alcohol Programs - 2023-01-05
Department of Drug and Alcohol Programs
January 05, 2023 | Performance Budgeting

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fifth year, the IFO reviewed the Department of Conservation and Natural Resources, Department of Drug and Alcohol Programs, Department of Revenue, Pennsylvania Insurance Department and the Executive Offices.

Click on the link to access the performance-based budget review for the Department of Drug and Alcohol.

Approved by the PBB Board on January 9, 2023. 

Tags: budgeting, performance

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Release thumbnail - Department of Revenue - 2023-01-05
Department of Revenue
January 05, 2023 | Performance Budgeting

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fifth year, the IFO reviewed the Department of Conservation and Natural Resources, Department of Drug and Alcohol Programs, Department of Revenue, Pennsylvania Insurance Department and the Executive Offices.

Click on the link to access the performance-based budget review for the Department of Revenue.

Approved by the PBB Board on January 10, 2023. 

Tags: budgeting, performance

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Release thumbnail - Pennsylvania Insurance Department - 2023-01-05
Pennsylvania Insurance Department
January 05, 2023 | Performance Budgeting

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fifth year, the IFO reviewed the Department of Conservation and Natural Resources, Department of Drug and Alcohol Programs, Department of Revenue, Pennsylvania Insurance Department and the Executive Offices.

Click on the link to access the performance-based budget review for the Pennsylvania Insurance Department.

Approved by the PBB Board on January 11, 2023. 

The report was reposted on January 18, 2023 to correct a single year of data on page 14.

 

Tags: budgeting, performance

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