Releases

IFO Releases
Release thumbnail - Natural Gas Production Report, 2020Q4 - 2021-03-02
Natural Gas Production Report, 2020Q4
March 02, 2021 | Energy

This report for the fourth quarter of 2020 uses data collected by the PA Department of Environmental Protection to develop statewide and county-level tabulations of production volume and well counts. 

Tags: gas, production

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Release thumbnail - February 2021 Revenue Update - 2021-03-01
February 2021 Revenue Update
March 01, 2021 | Revenue & Economic Update

The Commonwealth collected $2.68 billion in General Fund revenues for February, an increase of $516.3 million (23.8%) compared to February 2020.

Tags: estimates, monthly, revenue

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Release thumbnail - School District Property Tax Forecast - 2021-02-24
School District Property Tax Forecast
February 24, 2021 | Property Tax

This report contains the IFO's forecast of school district property tax collections from FY 2019-20 to FY 2025-26. The report also contains projections of the Act 1 index and estimates of school district property taxes attributable to homestead property. (This report was originally posted on February 2, 2021. Based on new data for the 2020 Q4 ECI, which impacts the FY 2020-21 ECI computation, this report was updated and reposted.)

Tags: property, tax

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Release thumbnail - Revised Monthly Revenue Estimates - 2021-02-23
Revised Monthly Revenue Estimates
February 23, 2021 | Revenue Estimates

This report provides revised revenue distributions based on the FY 2020-21 projections contained in the Five Year Economic and Budget Outlook published by the IFO on January 21, 2021. They reflect the statutory changes that were enacted with the remainder of the FY 2020-21 state budget in November 2020.

Tags: estimates, monthly, revenue

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Release thumbnail - Economic and Budget Update Presentation - 2021-02-19
Economic and Budget Update Presentation
February 19, 2021 | Economics and Other

Deputy Director Brenda Warburton gave a presentation at a session of the Pennsylvania Education Policy Fellowship Program regarding the Commonwealth's economic and budget outlook.

Tags: budget, demographic, economic, estimates, presentation, property

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Release thumbnail - February 2021 Economic Update - 2021-02-18
February 2021 Economic Update
February 18, 2021 | Revenue & Economic Update

The February edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 

Tags: economic, monthly, news

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Release thumbnail - January 2021 Revenue Update - 2021-02-01
January 2021 Revenue Update
February 01, 2021 | Revenue & Economic Update

The Commonwealth collected $2.66 billion in General Fund revenues for January, a decrease of $412.6 million (-13.4%) compared to January 2020. 

Tags: estimates, monthly, revenue

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Release thumbnail - Five Year Economic and Budget Outlook - 2021-01-21
Five Year Economic and Budget Outlook
January 21, 2021 | Revenue Estimates

The Independent Fiscal Office (IFO) released its five-year Economic and Budget Outlook. Click the hyperlink above to view the report and presentation.

Tags: budget, economic, outlook

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Release thumbnail - January 2021 Economic Update - 2021-01-20
January 2021 Economic Update
January 20, 2021 | Revenue & Economic Update

The January edition of our Monthly Economic Update includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 

Tags: economic, monthly, news

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Release thumbnail - January 2021 Economic and Budget Outlook - 2021-01-11
January 2021 Economic and Budget Outlook
January 11, 2021 | Revenue Estimates

The Independent Fiscal Office will release an updated revenue estimate and discuss economic trends for FY 2020-21 to 2025-26. The briefing is open to the public and submitted questions will be addressed at the end of the presentation. The report will also be posted to the IFO website when the presentation concludes. Click on the link for details on how to register.

Tags: estimates, presentation, revenue

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