Act 48 of 2017 requires the Independent Fiscal Office (IFO) to develop performance-based budget plans for all agencies under the Governor’s jurisdiction once every five years. For the fourth year, the IFO reviewed the Departments of Aging, Agriculture, Education, Human Services (Part 3), Labor and Industry and the Pennsylvania Historical and Museum Commission.
Click on the link to access the performance-based budget review for the Department of Labor and Industry.
Approved by the PBB Board on January 24, 2022.
Tags: budgeting, performance
Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the fourth year, the IFO reviewed the Brewers', Coal Refuse Energy and Reclamation, Educational and Mixed-Use Development Tax Credits.
Click on the link to access the Coal Refuse Energy and Reclamation Tax Credit Report.
This report uses data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels.
Tags: comparison, local, state, tax
Director Matt Knittel made a presentation of recent IFO releases to the PA School Boards Association.
This report uses recent data published by the Department of Environmental Protection to project CY 2021 Impact Fee collections (remitted April 2022). Collections are estimated to be $233.8 million, an increase of $87.6 million from the prior year.
The January edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends.
The IFO is accepting applications for employment from qualified candidates. See the job posting for further details.
The Commonwealth collected $3.85 billion in General Fund revenues for December, an increase of $162.3 million (4.4%) compared to December 2020.
The December edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends.
The Commonwealth collected $6.62 billion in General Fund revenues for November, an increase of $4.28 billion (183.1%) compared to November 2020.