Releases

IFO Releases
Release thumbnail - Department of Military and Veterans Affairs - 2021-09-24
Department of Military and Veterans Affairs
September 24, 2021 | Performance Budgeting

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 third year, the IFO reviewed the Department of Transportation, Department of Human Services (Part 2), Department of Military and Veterans Affairs and Pennsylvania State Police.

Click on the link to access the performance-based budget review for the Department of Military and Veterans Affairs.

Tags: budgeting, performance

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Release thumbnail - Department of Human Services - Part 2 - 2021-09-24
Department of Human Services - Part 2
September 24, 2021 | Performance Budgeting

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 third year, the IFO reviewed the Department of Transportation, Department of Human Services (Part 2), Department of Military and Veterans Affairs and Pennsylvania State Police.

Click on the link to access the performance-based budget review for the Department of Human Services (Part 2).

Tags: budgeting, performance

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Release thumbnail - Department of Transportation - 2021-09-24
Department of Transportation
September 24, 2021 | Performance Budgeting

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 third year, the IFO reviewed the Department of Transportation, Department of Human Services (Part 2), Department of Military and Veterans Affairs and Pennsylvania State Police.

Click on the link to access the performance-based budget review for the Department of Transportation.

Tags: budgeting, performance

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Release thumbnail - Pennsylvania State Police - 2021-09-24
Pennsylvania State Police
September 24, 2021 | Performance Budgeting

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 third year, the IFO reviewed the Department of Transportation, Department of Human Services (Part 2), Department of Military and Veterans Affairs and Pennsylvania State Police.

Click on the link to access the performance-based budget review for the Pennsylvania State Police.

Tags: budgeting, performance

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Release thumbnail - Keystone Special Development Zone Tax Credit - 2021-09-24
Keystone Special Development Zone Tax Credit
September 24, 2021 | Tax Credit Review

Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credits.

Click on the link to access the Keystone Special Development Zone Tax Credit Report.

Tags: credit, tax

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Release thumbnail - Labor Market Update - September 2021 - 2021-09-20
Labor Market Update - September 2021
September 20, 2021 | Economics and Other

The IFO released its monthly update that tracks the state labor market. The labor market contracted slightly in August on a year-over-year basis relative to a no-pandemic scenario. These data reflect the final month of federal unemployment compensation benefits.

Tags: labor, market, update

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Release thumbnail - Revenue Estimate Performance - 2021-09-16
Revenue Estimate Performance
September 16, 2021 | Revenue Estimates

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

Tags: estimates, performance, revenue

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Release thumbnail - September 2021 Economic Update - 2021-09-16
September 2021 Economic Update
September 16, 2021 | Revenue & Economic Update

The September 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.

Tags: economic, monthly, news, update

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Release thumbnail - Pennsylvania Electricity Update - 2021-09-09
Pennsylvania Electricity Update
September 09, 2021 | Energy

This research brief uses data from the U.S. Energy Information Administration to provide a general overview of the Pennsylania electricity market. 

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Release thumbnail - August 2021 Revenue Update - 2021-09-01
August 2021 Revenue Update
September 01, 2021 | Revenue & Economic Update

The Commonwealth collected $2.57 billion in General Fund revenues for August, an increase of $25.9 million (1.0%) compared to August 2020.

Tags: estimates, monthly, revenue

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