The Independent Fiscal Office (IFO) released its official revenue estimate for FY 2025-26. Updated estimates for FY 2024-25 are included.
This update examines 2024 impact fee collections and provides an outlook for 2025. Collections totaled $164.6 million for 2024, a decrease of $15.0 million from 2023.
This budget brief highlights Pennsylvania Medicaid (MA) enrollment and funding trends from FY 18-19 through the administration’s proposal for FY 25-26. It also provides projections of the impact for certain MA provisions included in the federal reconciliation bill passed by the U.S. House of Representatives.
This document uses data from the Pennsylvania Department of Environmental Protection, the U.S. Energy Information Administration and Natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices.
As part of the draft reconciliation bill, the US House proposed to increase the state share of costs for the Supplemental Nutrition Assistance Program (SNAP). This research brief describes the proposed changes and the potential impact on the state budget.
The Commonwealth collected $3.23 billion in General Fund revenues for May, a decrease of $124 million compared to May 2024.
The IFO released an updated school district property tax forecast. The report projects revenues and the Act 1 index through FY 2026-27 and provides an overview of recent trends in school district funding.
Pursuant to Act 128 of 2020, the IFO issued a report that summarizes results from the Public School Employees Retirement System’s (PSERS) recent stress test report. Based on PSERS’ baseline projections, the IFO projects that from FY 2025-26 to FY 2053-54, the Commonwealth will use $50.8 billion in General Fund revenues (2.3%) for the state’s share of public school employer pension contributions. Relative to baseline projections, the report also summarizes the impact from scenarios that allow investment performance to exceed and fall short of assumptions.
The IFO released its initial revenue estimate for FY 2025-26. Click the hyperlink above to view the report and presentation.
The IFO published an economic impact report for the 2024 U.S. Women’s Open which took place May 30 to June 2, 2024 at the Lancaster Country Club. The analysis finds that economic activity related to the event supported 147 full-time equivalent jobs and generated $14.1 million in in-state spending, nearly $570,000 in state sales and use tax and $560,000 in personal income tax revenue.