The IFO will release its Initial Revenue Estimate on Wednesday, May 20th at 1:30 PM. The report will contain revisions to the FY 2025-26 estimate and an initial estimate for FY 2026-27. See the announcement for a link to register for the presentation.
The Commonwealth collected $6.72 billion in General Fund revenues for April, an increase of $509 million (+8.2%) compared to April 2025.
The IFO submitted an economic impact report for the U.S. Open in Allegheny County (June 2025) to the General Assembly. The analysis finds that economic activity related to the event generated $152.8 million in statewide spending and $10.2 million in select state and local taxes.
Director Knittel and Robyn Toth submitted an article for publication in the April 13, 2026 edition of Tax Notes State. It ranks states based on per capita sports wagers and considers whether state tax rates impact per capita betting. For 2026, state tax rates range from 7% (Nevada, Iowa) to 51% (New York, Oregon, New Hampshire, Rhode Island).
Deputy Director Stacey Knavel provided testimony to the House Education Committee on the Independent Fiscal Office’s Educational Tax Credit report released in January 2022.
This brief compares the cumulative and relative growth of the two largest revenue sources for state government (income and sales tax) to school district property tax levied by local units. Over the past decade, sales and income taxes expanded at nearly twice the rate as school district property tax.
Fiscal Analyst III Jesse Bushman provided a budget and economic update to the Education Policy and Leadership Center.
The IFO submitted an economic impact report for the Banana Ball Summer Series in Allentown (July 2025) to the General Assembly. The analysis finds that economic activity related to the event generated $1.6 million in statewide spending and $116,000 in select state and local taxes.
This research brief uses IRS tax data to track migration between Pennsylvania counties from 2022 to 2023. The IRS data show relatively strong net migration and adjusted gross income flows to suburban counties. In absolute terms, large net inflows of residents occured in York (+2,383), Cumberland (+2,336), Schuylkill (+1,126) and Northampton (+1,068).
The Commonwealth collected $6.52 billion in General Fund revenues for March, an increase of $279 million (+4.5%) compared to March 2025.