The February 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 $3.59 billion in General Fund revenues for January, an increase of $931.08 million (35.0%) compared to January 2021.
The Independent Fiscal Office (IFO) released a mid-year update of its revenue estimate for fiscal year (FY) 2021-22 and provided an advance look at revenue projections for the next fiscal year. The IFO will update the estimate in its next round of revenue projections released in mid May.
IFO presentation of Performance-Based Budget overview and agency highlights for the Pennsylvania Department of Education and the Department of Agriculture is posted on the website.
Tags: budgeting, performance
IFO presentation of Performance-Based Budget overview and agency highlights for the Department of Aging and the Department of Human Services (Part 3) is posted on the website.
Tags: budgeting, performance
IFO presentation of Performance-Based Budget overview and agency highlights for the Department of Labor and Industry and the Pennsylvania Historical and Museum Commission is posted on the website.
Tags: budgeting, performance
IFO presentation of the Mixed-Use Development, Brewers’, Coal Refuse Energy and Reclamation and Educational Tax Credit Reviews.
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 Mixed-Use Development Tax Credit Report.
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 Brewers’ Tax Credit Report.
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 Educational Tax Credits Report.