Releases

IFO Releases
Release thumbnail - Sources of Pennsylvania Income - 2024-06-27
Sources of Pennsylvania Income
June 27, 2024 | Economics and Other

This research brief is the first in a series that describes a new distribution model that will be used to examine the progressivity/regressivity of state-local taxes.

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Release thumbnail - Impact Fee Revenue Update and Outlook 2024 - 2024-06-26
Impact Fee Revenue Update and Outlook 2024
June 26, 2024 | Energy

This update examines 2023 impact fee collections and provides an outlook for 2024. The Commonwealth collected $179.6 million in impact fees for 2023, a $99.2 million decrease from 2022.

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Release thumbnail - Revenues and Spending Surge During Pandemic - 2024-06-25
Revenues and Spending Surge During Pandemic
June 25, 2024 | Economics and Other

This research brief looks at the drivers of revenue and spending growth during the pandemic.

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Release thumbnail - Official Revenue Estimate FY 2024-25 - 2024-06-20
Official Revenue Estimate FY 2024-25
June 20, 2024 | Revenue Estimates

The Independent Fiscal Office (IFO) released its official revenue estimate for FY 2024-25. Updated estimates for FY 2023-24 are included.

Methodology

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Release thumbnail - School District Property Tax Forecast - 2024-06-19
School District Property Tax Forecast
June 19, 2024 | Property Tax

The IFO released an updated school district property tax forecast. The report projects revenues and the Act 1 index through FY 2025-26 and provides an overview of recent trends in school district funding.

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Release thumbnail - May 2024 Revenue Update - 2024-06-03
May 2024 Revenue Update
June 03, 2024 | Revenue & Economic Update

The Commonwealth collected $3.36 billion in General Fund revenues for May, an increase of $64 million (+2.0%) compared to May 2023.

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Release thumbnail - Natural Gas Quarterly Update, 2024 Q1 - 2024-06-03
Natural Gas Quarterly Update, 2024 Q1
June 03, 2024 | Energy

This document uses data from the Pennsylvania Department of Environmental Protection, the U.S. Energy Information Administration and Natural Gas Intelligence to provide a quarterly update on recent trends in production volume, well counts and average spot prices.

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