In response to a legislative request, the IFO transmitted a letter that updates previous analyses on state and local budget issues, including (1) the IFO school district property tax forecast, (2) potential revenue sources that could replace school district property taxes if eliminated, (3) state spending dedicated to seniors, (4) the share of certain tax revenues remitted by seniors, (5) tax treatment of retirement income by state and (6) migration patterns by age groups.
Director Matthew Knittel gave a brief presentation to the Senate Majority Policy Committee on the impact of COVID-19 on the state economy.
Tags: coronavirus, economy, presentation
The Independent Fiscal Office (IFO) responded to several questions raised at the office's budget hearing before the Senate Appropriations Committee. The questions relate to the impact of the COVID-19 pandemic on employment based on gender, net domestic migration for Pennsylvania and border states, and education sector employment for Pennsylvania and border states.
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
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.
Director Matt Knittel gave a presentation to CompetePA on the state budget, federal stimulus and various revenue proposals.
Tags: budget, economic, presentation
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.
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.
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