The IFO produces this report to facilitate comparison of its quarterly revenue estimates with actual revenue collections. The report also provides context for the variances between estimates and actual collections.
The Commonwealth collected $2.2 billion in General Fund revenues for October, a decrease of $59.3 million (-2.7%) compared to October 2016. Fiscal year-to-date revenues were $9.1 billion, an increase of $259.2 million (2.9%) from the prior year.
Director Matthew Knittel addressed the Society of Municipal Analysts to provide an update on Pennsylvania’s fiscal outlook, demographics and current budget status.
Pursuant to section 604-B(a)(8) of the Administrative Code of 1929, the Independent Fiscal Office has prepared a cost analysis of the collective bargaining agreements between the Commonwealth of Pennsylvania and the Pennsylvania Doctors Alliance (PDA).
The Commonwealth collected $2.7 billion in General Fund revenues for September, an increase of $92.4 million (3.5%) compared to September 2016. Fiscal year-to-date revenues were $6.9 billion, an increase of $318.6 million (4.8%) from the prior year.
The report provides an overview of the economic impacts of state spending on subsidized child care and no-cost pre-kindergarten programs in Pennsylvania.
The Commonwealth collected $2.1 billion in General Fund revenues for August, an increase of $113.5 million (5.6%) compared to August 2016. Fiscal year-to-date revenues were $4.2 billion, an increase of $226.0 million (5.7%) from the prior year.
Director Matthew Knittel will testify in front of the House of Representatives’ State Government Committee to provide the committee with information regarding the IFO’s administration of laws under the jurisdiction of the State Government Committee.
This report for the second quarter of 2017 and the calendar year uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts.
This report provides preliminary revenue distributions based on the FY 2017-18 projections contained in the Official Revenue Estimate published by the IFO on June 15, 2017. They do not reflect any potential statutory changes that may be enacted with the state budget.