This report uses the most recent data from the U.S. Census Bureau and U.S. Bureau of Economic Analysis to facilitate a comparison of state and local tax systems across the fifty states. The report examines (1) the relative state and local tax burden across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property), (3) state tax rates and (4) state debt levels.
The Commonwealth collected $2.34 billion in General Fund revenues for November, an increase of $31 million (1.3%) compared to November 2017. Fiscal year-to-date revenues are $12.4 billion, an increase of $950 million (8.3%) from the prior year.
The November 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.
Director Matthew Knittel gave a presentation to the County Commissioners Association of Pennsylvania that reviews highlights from the IFO's recent Economic and Budget Outlook.
Click on the hyperlink above to access the full report, three presentations and press release.
The Commonwealth collected $2.5 billion in General Fund revenues for October, an increase of $299 million (13.7%) compared to October 2017. Fiscal year-to-date revenues are $10.0 billion, an increase of $0.9 billion (10.1%) from the prior year.
The October 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.
On October 15, Deputy Director Brenda Warburton gave a presentation to the Performance-Based Budget Board which provided an update regarding Act 48 implementation.
Director Matthew Knittel made a brief presentation to the House Financial Rescue Caucus on October 9, 2018 on recent revenue and economic trends for the U.S. and Pennsylvania.
The Commonwealth collected $3.0 billion in General Fund revenues for September, an increase of $322 million (11.9%) compared to September 2017. Fiscal year-to-date revenues are $7.6 billion, an increase of $0.6 billion (9.0%) from the prior year.