Releases

IFO Releases
Release thumbnail - Sports, Marketing & Tourism Series: 2024 Ardmore Rock N' Ride Impact Analysis - 2025-09-15
Sports, Marketing & Tourism Series: 2024 Ardmore Rock N' Ride Impact Analysis
September 15, 2025 | Economics and Other

The IFO published an economic impact report for the Ardmore Rock N’ Ride in Montgomery County (August 2024). The analysis finds that economic activity related to the event generated $891,000 in statewide spending, supported 5 full-time equivalent jobs and $29,000 in select state and local taxes.

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Release thumbnail - PA Job Gains Revised Down by Half - 2025-09-11
PA Job Gains Revised Down by Half
September 11, 2025 | Economics and Other

This research brief examines how the significant downward revision to employment made by the U.S. Bureau of Labor Statistics on September 9 impacts Pennsylvania. It includes specific commentary for the social assistance and non-profit subsectors.

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Release thumbnail - Impact of School District Property Tax Elimination and Higher PIT Rate - 2025-09-11
Impact of School District Property Tax Elimination and Higher PIT Rate
September 11, 2025 | Economics and Other

The IFO published a letter in response to a request from Senator Keefer for a partial analysis of SB 962. The analysis estimates the net impact for all counties from the elimination of school district property tax partially replaced by a 1.88 percentage point increase in the personal income tax rate.

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Release thumbnail - Natural Gas Production Report: 2025 Q2 - 2025-09-03
Natural Gas Production Report: 2025 Q2
September 03, 2025 | Energy

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.

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Release thumbnail - General Fund Status Update - 2025-09-02
General Fund Status Update
September 02, 2025 | Revenue Estimates

The IFO released a budget brief that provides a General Fund update at the midpoint between the start of the fiscal year and release of its five-year outlook in November.

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Release thumbnail - August 2025 Revenue Update - 2025-09-02
August 2025 Revenue Update
September 02, 2025 | Revenue & Economic Update

The Commonwealth collected $2.96 billion in General Fund revenues for August, an increase of $31 million (+1.0%) compared to August 2024.

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Release thumbnail - Residential Electricity Bills Begin Surge - 2025-08-27
Residential Electricity Bills Begin Surge
August 27, 2025 | Energy

This research brief discusses recent increases in electricity prices for Pennsylvania residential consumers. The price to compare for residential customers at three large utilities increased by 13% to 16% for June through November compared to the prior six months. Relevant factors include (1) growth in natural gas prices, (2) higher capacity costs for the PJM grid and (3) compliance costs related to the Alternative Energy Portfolio Standards.

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Release thumbnail - Monthly and Quarterly Revenue Estimates - 2025-08-11
Monthly and Quarterly Revenue Estimates
August 11, 2025 | Revenue Estimates

This report provides revenue distributions based on the FY 2025-26 projections contained in the Official Revenue Estimate published by the IFO on June 20, 2025 and the impact of statutory changes enacted with federal H.R. 1.

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Release thumbnail - Sports, Marketing & Tourism Series: 2024 NASCAR Weekend Impact Analysis - 2025-08-06
Sports, Marketing & Tourism Series: 2024 NASCAR Weekend Impact Analysis
August 06, 2025 | Economics and Other

The IFO published an economic impact report for the NASCAR Cup Series Weekend in the Poconos Region (July 2024). The event attracted nearly 93,000 fans and related economic activity supported 290 full-time equivalent jobs and $2.4 million in select state and local taxes.

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Release thumbnail - July 2025 Revenue Update - 2025-08-01
July 2025 Revenue Update
August 01, 2025 | Revenue & Economic Update

The Commonwealth collected $3.04 billion in General Fund revenues for July, an increase of $45 million compared to July 2024.

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