The Commonwealth collected $2.3 billion in General Fund revenues for August, an increase of $145 million (6.8%) compared to August 2017. Fiscal year-to-date revenues are $4.5 billion, an increase of $0.3 billion (7.1%) from the prior year.
This report for the second quarter of 2018 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 submitted a letter that discusses the impact of the federal Tax Cut and Jobs Act (TCJA) of 2017 on Pennsylvania General Fund tax revenues and the economy.
The August 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.
In response to a legislative request, the IFO updated select tables and graphs related to school district property tax that were originally released in January and December of 2017.
Director Matthew Knittel gave a presentation to the PA State Association of Boroughs on demographic trends and the PA economy.
The Commonwealth collected $2.2 billion in General Fund revenues for July, an increase of $153 million (7.3%) compared to July 2017.
Deputy Director Mark Ryan gave a presentation on Stress Testing Public Pensions at the NCSL Legislative Fiscal Directors Pre-Conference.
This report provides revenue distributions based on the FY 2018-19 projections contained in the Official Revenue Estimate published by the IFO on June 18, 2018. They reflect the statutory changes that were enacted with the FY 2018-19 state budget.
This report examines the performance of IFO revenue estimates for the past six budget cycles.