IFO Releases
2024 Demographic Outlook
October 24, 2024 | Economics and Other
Section 604-B (a)(2) of the Administrative Code of 1929 specifies that the Independent Fiscal Office (IFO) shall “provide an assessment of the state’s current fiscal condition and a projection of what the fiscal condition will be during the next five years. The assessment shall take into account the state of the economy, demographics, revenues and expenditures.” This report fulfills the demographics obligation of this statute. The IFO will release the Economic and Budget Outlook for Fiscal Years 2024-25 to 2029-30 in November 2024.
How Did School Districts Use COVID Funds?
October 22, 2024 | Economics and Other
This research brief uses data from the Pennsylvania Department of Education to examine how school districts used $6.0 billion of temporary COVID-19 funds.
Economic and Property Tax Update
October 08, 2024 | Property Tax
Fiscal Analyst Jesse Bushman presented an update on the Pennsylvania economy and a new projection of the Act 1 Index to the Pennsylvania Association of School Business Officials.
iGaming Drives Property Tax Relief to New High
October 02, 2024 | Property Tax
This research brief uses data from the Pennsylvania Department of Education and Pennsylvania Gaming Control Board to examine the recent increase in Act 1 property tax relief due to gaming expansion.
September 2024 Revenue Update
October 01, 2024 | Revenue & Economic Update
The Commonwealth collected $4.16 billion in General Fund revenues for September, an increase of $105 million (+2.6%) compared to September 2023.
Who Pays Pennsylvania Gaming Taxes?
September 25, 2024 | Economics and Other
This research brief is the second in a series that uses a new distribution model to examine the progressivity/regressivity of state-local taxes. This release examines state and local gaming taxes and funds retained by the Lottery after prize payouts.
iGaming Revenues Surge, Others Stagnate
September 23, 2024 | Economics and Other
This research brief uses data from the Pennsylvania Gaming Control Board to examine trends for Pennsylvania gaming revenues from fiscal year (FY) 2018-19 through FY 2023-24 and the first two months of FY 2024-25.
County Income Patterns 2019 to 2022
September 09, 2024 | Economics and Other
This annual research brief uses the latest published data to generate maps and rankings of county demographic and income trends. The release highlights population change, personal income growth, shares of transfer income and per capita amounts for all counties in the Commonwealth.
Natural Gas Quarterly Update: 2024 Q2
September 05, 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.
August 2024 Revenue Update
September 03, 2024 | Revenue & Economic Update
The Commonwealth collected $2.93 billion in General Fund revenues for August, an increase of $33 million (+1.1%) compared to August 2023.