This report for the first quarter of 2019 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts.
In response to a legislative request, the IFO has posted a letter that provides revenue estimates for various proposed changes to the state tax code that affect personal income, sales and property taxes.
The May edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends.
The initial revenue estimate for FY 2019-20 and updated estimates for FY 2018-19 are included. For the PowerPoint presentation, click on the hyperlink above.
Director Matthew Knittel made a presentation on the initial revenue estimate for FY 2019-20 and updated estimates for FY 2018-19.
Director Matthew Knittel made a brief presentation to the Harrisburg Trade Association Executives on recent revenue and economic trends for the U.S. and Pennsylvania.
The Commonwealth collected $4.41 billion in General Fund revenues for April, an increase of $659.5 million (17.6%) compared to April 2018. Fiscal year-to-date revenues are $29.16 billion, an increase of $135.9 million (0.5%) from the prior year.
In partnership with the Pennsylvania Economy League, Director Matthew Knittel and Deputy Director Brenda Warburton will make multiple presentations on raising the state minimum wage to $12.00 per hour. The presentation examines the proposed minimum wage’s impact on employment, worker incomes, prices and state spending.
In response to a legislative request, the IFO provided data to the Senate Majority Policy Committee for use in their Public Workshop on “Student Flight (Brain Drain) from Pennsylvania” on April 30, 2019. The brief document details historical population data for the Commonwealth, focusing primarily on young adults migrating to and from Pennsylvania.
The April edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends.