Releases

IFO Releases
Release thumbnail - PSEA Wage Contract Analysis - 2023-12-14
PSEA Wage Contract Analysis
December 14, 2023 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State Education Association (PSEA), Non-Tenured Teachers Unit.

Tags: analysis, contract, wage

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Release thumbnail - 2023 Impact Fee Estimate - 2023-12-13
2023 Impact Fee Estimate
December 13, 2023 | Energy

This report uses recent data published by the Department of Environmental Protection to project CY 2023 Impact Fee collections (remitted April 2024). Collections are estimated to be $174.0 million, a decrease of $104.8 million from the prior year.

Tags: fee, gas, impact, natural

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Release thumbnail - Cigarette Tax Collections Collapse Since Pandemic - 2023-12-11
Cigarette Tax Collections Collapse Since Pandemic
December 11, 2023 | Economics and Other

This research brief highlights the dramatic decline in federal, state and Philadelphia cigarette tax collections since FY 2018-19.

Tags: brief, cigarette, research, tax

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Release thumbnail - PDA Wage Contract Analysis - 2023-12-07
PDA Wage Contract Analysis
December 07, 2023 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania Doctors Alliance (PDA).

Tags: analysis, contract, wage

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Release thumbnail - OPEIU Wage Contract Analysis - 2023-12-07
OPEIU Wage Contract Analysis
December 07, 2023 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Office and Professional Employees International Union, Healthcare Pennsylvania (OPEIU).

Tags: analysis, contract, wage

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Release thumbnail - ISSU Wage Contract Analysis - 2023-12-06
ISSU Wage Contract Analysis
December 06, 2023 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Independent State Stores Union (ISSU).

Tags: analysis, contract, wage

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Release thumbnail - SEIU Healthcare Wage Contract Analysis - 2023-12-06
SEIU Healthcare Wage Contract Analysis
December 06, 2023 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Service Employees' International Union (SEIU) Healthcare Pennsylvania.

Tags: analysis, contract, wage

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Release thumbnail - Natural Gas Quarterly Update, 2023Q3 - 2023-12-04
Natural Gas Quarterly Update, 2023Q3
December 04, 2023 | 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. 

Tags: gas, natural, production

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Release thumbnail - November 2023 Revenue Update - 2023-12-01
November 2023 Revenue Update
December 01, 2023 | Revenue & Economic Update

The Commonwealth collected $3.06 billion in General Fund revenues for November, an increase of $107.9 million (3.7%) compared to November 2022 (adjusted).

Tags: estimates, monthly, revenue

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Release thumbnail - Summary and Analysis of Annual SERS Stress Test Report - 2023-12-01
Summary and Analysis of Annual SERS Stress Test Report
December 01, 2023 | Pension Analysis

Pursuant to Act 128 of 2020, the IFO issued a report that summarizes results from the State Employee Retirement System’s (SERS) recent stress test report. Based on SERS baseline projections, the IFO projects that over the next 20 years, Commonwealth agencies will use $24.9 billion in General Fund revenues (2.0%) for 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 baseline assumptions and the issuance of an 8.3% cost-of-living adjustment (equal to a 13th monthly annuity each year).

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