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.
On June 2, 2017, the Independent Fiscal Office submitted a memo to the Joint State Government Commission containing work product for HR 910 of 2016. The linked document is a copy of that memo.
The Commonwealth collected $2.1 billion in General Fund revenues for July, an increase of $113 million (5.7%) compared to July 2016.
Deputy Director Mark Ryan gave a presentation to the Lancaster Chamber of Commerce and Industry addressing Pennsylvania’s long-term fiscal outlook, demographics and the current revenue forecast.
The IFO responds to a request regarding the economic benefit and tax revenue impact from eliminating Pennsylvania personal income tax on like-kind exchanges.
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 Liquor Enforcement Association (PLEA).
The Commonwealth collected $3.3 billion in General Fund revenues for June, an increase of $203.8 million (6.7%) compared to June 2016. Fiscal year-to-date revenues were $31.7 billion, an increase of $768.1 million (2.5%) from the prior year.
This research brief examines 2016 impact fee collections and natural gas production in Pennsylvania. It also provides an outlook for 2017.
In response to a legislative request, the IFO reviewed the Department of Human Services' projections for the state savings and costs that could occur if Pennsylvania's minimum wage were to be increased to $12 per hour.
Deputy Director Mark Ryan made a presentation to the Pennsylvania School Boards Association (PSBA) regarding the impact of recently enacted pension legislation (Act 5 of 2017) on school district pension contributions.