Director Matt Knittel and Deputy Director Mark Ryan made a presentation to the Pennsylvania School Boards Association (PSBA) regarding the current proposal and forecasts for school district property taxes in Pennsylvania.
*Updated February 13, 2017
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 following six unions:
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Correctional Institution Vocational Education Association (CIVEA)
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Federation of State Cultural and Educational Professionals (FOSCEP)
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Office and Professional Employees International Union (OPEIU), Healthcare Pennsylvania
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PA State Education Association (PSEA), Non-Tenured Teachers
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Service Employees International Union (SEIU), Healthcare Pennsylvania
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United Food and Commercial Workers (UFCW)
Letter updating the IFO's forecast of school district property tax collections for FY 2015-16 through FY 2021-22. The letter also includes projections of school district debt service payments and earned income tax collections for FY 2015-16 through FY 2021-22.
Total school property tax collections for FY 2015-16 ($13.6 billion) and FY 2016-17 ($13.9 billion) are estimated using millage rates published by the Pennsylvania Department of Education. For FY 2017-18 through FY 2021-22, collections are projected based on a forecast of the Act 1 index and exceptions. During that period, total school property tax collections are projected to grow by an average annual rate of 3.5 percent, reaching $16.5 billion by FY 2021-22.
Prior reports / references: (1) 2013 IFO analysis of HB / SB 76 and (2) 2014 update of the school property tax forecast.
The Commonwealth collected $2.62 billion in General Fund revenues for December, a decrease of $106.6 million (-3.9%) compared to December 2015. Fiscal year-to-date revenues were $13.45 billion, an increase of $54.2 million (0.4%) from the prior year.
This research brief uses recent data published by the Department of Environmental Protection to project CY 2016 Impact Fee collections in Pennsylvania.
The Commonwealth collected $1.99 billion in General Fund revenues for November, an increase of $179.2 million (9.9%) compared to November 2015. Fiscal year-to-date revenues were $10.84 billion, an increase of $160.9 million (1.5%) from the prior year.
This report for the third quarter of 2016 and the calendar year-to-date 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 examines the demographic, economic, revenue and expenditure trends that will affect the Commonwealth’s fiscal condition through fiscal year (FY) 2021-22. Based on the economic and demographic assumptions used by this report, the evaluation finds that various factors imply a long-term fiscal imbalance.
The Commonwealth collected $2.23 billion in General Fund revenues for October, an increase of $102.9 million (4.8%) compared to October 2015.
Fiscal year-to-date revenues were $8.85 billion, a decrease of $18.4 million (-0.2%) from the prior year.
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.
Fiscal Year 2016-17
2016 Q3 (July to September 2016)