IFO Releases
Southern Migration Continued During COVID
July 01, 2024 | Economics and Other
From 2021 to 2022, IRS data indicate that net domestic migration for Pennsylvania was -21,711 (-0.17% of state population) which ranked 35th across all states.
June 2024 Revenue Update
July 01, 2024 | Revenue & Economic Update
The Commonwealth collected $45.47 billion in General Fund revenues for FY 2023-24, which was within 0.6% ($273 million) of the IFO official revenue estimate.
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.
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.
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.
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.
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.
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.
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.
2024 Wage Contracts Summary Table
May 21, 2024 | Wage Contracts
This table provides an up-to-date summary of the recent wage contracts analyzed by the IFO. Additional estimates will be provided after the relevant contract detail has been transmitted to the IFO by the Office of Administration.