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Pennsylvania Independent Fiscal Office

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(Dec 03) PA natural gas production for 2024Q3 decreased by 1.7% from the prior year, while new wells drilled was down 38.2%. New wells for CY 2024 are on pace to reach the lowest level since CY 2007. See: ifo.state.pa.us/Resources/Docu… pic.x.com/mOEhv9EsGq
(Dec 02) The Commonwealth collected $2.93 billion in General Fund revenues for November, $130 million (-4.2%) less than November 2023. FY 24-25 revenues total $16.40 billion and are $119 million (+0.7%) above IFO projections. See: ifo.state.pa.us/Resources/Docu… pic.x.com/r31D84ngFN
(Nov 27) The IFO published a summary of the 2024 SERS stress test report and projects that General Fund employer pension contributions will total $22.0 billion over the next 20 years if baseline assumptions hold. See the IFO Report at ifo.state.pa.us/Resources/Docu… pic.x.com/wGVDZxD5HX

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Independent Fiscal Office
2nd Floor Rachel Carson State Office Building
400 Market Street
Harrisburg, PA 17105