Releases

IFO Releases
Release thumbnail - AFSCME Wage Contract Analysis - 2023-08-29
AFSCME Wage Contract Analysis
August 29, 2023 | Wage Contracts

This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the American Federation of State, County and Municipal Employees (AFSCME) Council 13.

Tags: afscme, contract, wage

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Release thumbnail - County Income Patterns 2018-2021 - 2023-08-24
County Income Patterns 2018-2021
August 24, 2023 | Economics and Other

This research brief uses the latest published data to generate maps and county rankings of recent demographic and income trends. The release highlights population change, personal income growth and per capita amounts for all counties in the Commonwealth.

Tags: county, income, patterns

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Release thumbnail - August 2023 Monthly Economic Update - 2023-08-23
August 2023 Monthly Economic Update
August 23, 2023 | Revenue & Economic Update

The Monthly Economic Update provides data and insight on current trends that impact the state economy. 

Tags: economic, monthly, update

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Release thumbnail - Property Tax Burden By County - 2023-08-22
Property Tax Burden By County
August 22, 2023 | Property Tax

This research brief uses (1) income data from the Bureau of Economic Analysis and the Internal Revenue Service and (2) property tax data from the Pennsylvania Department of Education and Department of Community and Economic Development to estimate county-level property tax burdens across the state for 2021. 

Tags: county, property, tax

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Release thumbnail - Budget Impact of 2023 Wage Contracts - 2023-08-14
Budget Impact of 2023 Wage Contracts
August 14, 2023 | Wage Contracts

This research brief provides a preliminary estimate of the budget impact if the terms of the newly ratified AFSCME collective bargaining agreement (CBA) apply to all CBAs reviewed by the IFO, as well as management and non-represented workers.

Tags: brief, budget, contracts, impact, research, wage

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Release thumbnail - Revenue Estimate Performance - 2023-08-10
Revenue Estimate Performance
August 10, 2023 | Revenue Estimates

This report examines the performance of IFO revenue estimates for the past eleven budget cycles.

Tags: estimate, performance, revenue

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Release thumbnail - Property Tax/Rent Rebate Expansion - 2023-08-09
Property Tax/Rent Rebate Expansion
August 09, 2023 | Property Tax

This research brief uses data from the Pennsylvania Department of Revenue, the American Community Survey and Social Security Administration to estimate the impact of the recently enacted expansion of the PTRR program. It provides detail on impact by income level, claimant type and county.

Tags: property, rebate, rent, tax

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Release thumbnail - July 2023 Revenue Update - 2023-08-01
July 2023 Revenue Update
August 01, 2023 | Revenue & Economic Update

The Commonwealth collected $2.88 billion in General Fund revenues for July, an increase of $185.3 million compared to July 2022.

Tags: estimates, monthly, revenue

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Release thumbnail - Inflation's Impact on Earnings and Pensions - 2023-07-31
Inflation's Impact on Earnings and Pensions
July 31, 2023 | Economics and Other

This research brief uses recent data from the U.S. Bureau of Labor Statistics to compute the impact of unusually high inflation on real average hourly earnings of Pennsylvania workers and a typical SERS-PSERS annuitant.

Tags: brief, earnings, inflation, pensions, research

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Release thumbnail - Corporate Net Income Tax TY 2019 - 2023-07-25
Corporate Net Income Tax TY 2019
July 25, 2023 | Economics and Other

This research brief provides tabulations of corporate net income tax (CNIT) return data from tax year 2019 based on tax liability, apportionment factor and NAICS code.

Tags: brief, cnit, research

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