Releases

Economics and Other

IFO Releases
Release thumbnail - Budget and Economic Update Presentation - 2021-03-31
Budget and Economic Update Presentation
March 31, 2021 | Economics and Other

Deputy Director Brenda Warburton and Revenue Analyst Jesse Bushman gave a presentation to the Marcellus Shale Coalition regarding the Commonwealth’s economic and budget outlook and recent natural gas trends.

Tags: budget, economic, employment, gas, presentation

Full Report - opens in a new tab

Release thumbnail - House Budget Hearing Request - 2021-03-23
House Budget Hearing Request
March 23, 2021 | Economics and Other

The IFO responded to a question raised at the office’s budget hearing before the House Appropriations Committee. The question was related to the indirect costs associated with state marijuana legalization that may not be reflected in official revenue estimates.

Tags: budget, hearing

Full Report - opens in a new tab

Release thumbnail - Budget and Economic Update Presentation - 2021-03-11
Budget and Economic Update Presentation
March 11, 2021 | Economics and Other

Director Matt Knittel gave a presentation to CompetePA on the state budget, federal stimulus and various revenue proposals.

Tags: budget, economic, presentation

Full Report - opens in a new tab

Release thumbnail - Testimony on Minimum Wage - 2021-03-11
Testimony on Minimum Wage
March 11, 2021 | Economics and Other

Director Matt Knittel made a brief presentation to the House Commerce Committee on the proposal to raise the minimum wage. The hearing was originally scheduled for February 16, 2021 but was rescheduled to March 11, 2021.

Tags: minimum, wage

Full Report - opens in a new tab

Release thumbnail - Budget Hearings Packet for Appropriations Committees - 2021-03-04
Budget Hearings Packet for Appropriations Committees
March 04, 2021 | Economics and Other

The Independent Fiscal Office submitted materials to the House and Senate Appropriations Committees ahead of its scheduled budget hearings. This packet examines the minimum wage, personal and corporate income tax and other proposals included in the FY 2021-22 Executive Budget.

Tags: budget, hearing

Full Report - opens in a new tab

Release thumbnail - Economic and Budget Update Presentation - 2021-02-19
Economic and Budget Update Presentation
February 19, 2021 | Economics and Other

Deputy Director Brenda Warburton gave a presentation at a session of the Pennsylvania Education Policy Fellowship Program regarding the Commonwealth's economic and budget outlook.

Tags: budget, demographic, economic, estimates, presentation, property

Full Report - opens in a new tab

Release thumbnail - December Economic and Revenue Update - 2020-12-09
December Economic and Revenue Update
December 09, 2020 | Economics and Other

Director Matthew Knittel provided an economic update to the PA Association of Community Bankers.

Tags: economic, presentation, revenue

Full Report - opens in a new tab

Release thumbnail - PPP Loans to Pennsylvania Businesses - 2020-12-08
PPP Loans to Pennsylvania Businesses
December 08, 2020 | Economics and Other

This research brief examines the impact of the PPP on Pennsylvania businesses by considering the number and type of firms affected, the potential employment impact and possible tax implications.

Tags: businesses, employment, ppp, tax

Full Report - opens in a new tab

Release thumbnail - State and Local Tax Revenues: A 50 State Comparison - 2020-11-24
State and Local Tax Revenues: A 50 State Comparison
November 24, 2020 | Economics and Other

This report uses the most recent data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels.

Tags: comparison, local, state, tax

Full Report - opens in a new tab

Release thumbnail - November Economic and Revenue Update - 2020-11-18
November Economic and Revenue Update
November 18, 2020 | Economics and Other

Director Matthew Knittel made a presentation to the Harrisburg Trade Association Executives and the PICA 2020 Fall Conference.

Tags: economic, presentation, revenue

Full Report - opens in a new tab