Releases

IFO Releases
Release thumbnail - Minimum Wage Impact on Hourly Wages - 2024-01-24
Minimum Wage Impact on Hourly Wages
January 24, 2024 | Economics and Other

This research brief examines how a higher statutory minimum wage could impact lower-wage workers and provides employment and hourly wage estimates for certain lower-wage occupations to illustrate that Pennsylvania effective labor market minimum wage is likely in the range of $10.50 to $11.00 per hour.

Tags: brief, minimum, research, wage

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Release thumbnail - UGSOA Wage Contract Analysis - 2024-01-09
UGSOA Wage Contract Analysis
January 09, 2024 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the United Government Security Officers of America (UGSOA).

Tags: analysis, contract, wage

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Release thumbnail - Tax Credits and Economic Development Incentives - 2024-01-09
Tax Credits and Economic Development Incentives
January 09, 2024 | Economics and Other

This report presents data on Pennsylvania tax credits and economic development incentives for fiscal years (FY) 2018-19 through FY 2023-24. The tables provide annual detail on tax credit utilization or awards, state spending or grants, job training programs and state loan programs. Fiscal year 2023-24 amounts are budgeted, authorized or projected and may differ from final amounts expended or awarded for the year. The report also highlights recent changes to incentive program spending or utilization.

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Release thumbnail - SNAP Policy Changes Expand Program - 2024-01-03
SNAP Policy Changes Expand Program
January 03, 2024 | Economics and Other

This research brief uses the latest data from the US Dept of Agriculture to examine post-pandemic SNAP trends. Since November 2019, policy and definition changes have increased the number of recipients by 16% and the average monthly benefit by 52%.

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Release thumbnail - December 2023 Revenue Update - 2024-01-02
December 2023 Revenue Update
January 02, 2024 | Revenue & Economic Update

The Commonwealth collected $3.70 billion in General Fund revenues for December, a decrease of $342.2 million (-8.5%) compared to December 2022.

Tags: estimates, monthly, revenue

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Release thumbnail - Gasoline Consumption Remains Subdued - 2023-12-19
Gasoline Consumption Remains Subdued
December 19, 2023 | Economics and Other

The IFO updated a gasoline consumption research brief published in January 2023 with additional consumption and retail pump price data. Gasoline consumption remains well below pre-pandemic levels partially due to the continuation of hybrid and remote work schedules for some workers.

Tags: brief, consumption, gasoline, research

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Release thumbnail - Testimony on the 2023 Basic Education Funding Commission Survey - 2023-12-15
Testimony on the 2023 Basic Education Funding Commission Survey
December 15, 2023 | Economics and Other

Director Matthew Knittel provided testimony to the Basic Education Funding Commission on the results from the 2023 Basic Education Funding Commission Survey.

The IFO response to questions raised at the BEFC hearing can be found here.

Tags: basic, education, survey

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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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