IFO Releases
Senate Budget Hearing Request
April 09, 2021 | Economics and Other
The Independent Fiscal Office (IFO) responded to several questions raised at the office's budget hearing before the Senate Appropriations Committee. The questions relate to the impact of the COVID-19 pandemic on employment based on gender, net domestic migration for Pennsylvania and border states, and education sector employment for Pennsylvania and border states.
Budget and Economic Update Presentation
March 31, 2021 | Economics and Other
Deputy Director Brenda Warburton and Revenue Analyst Jesse Bushman gave a presentation to the Marcellus Shale Coalition regarding the Commonwealth’s economic and budget outlook and recent natural gas trends.
Tags: budget, economic, employment, gas, presentation
House Budget Hearing Request
March 23, 2021 | Economics and Other
The IFO responded to a question raised at the office’s budget hearing before the House Appropriations Committee. The question was related to the indirect costs associated with state marijuana legalization that may not be reflected in official revenue estimates.
Budget and Economic Update Presentation
March 11, 2021 | Economics and Other
Director Matt Knittel gave a presentation to CompetePA on the state budget, federal stimulus and various revenue proposals.
Tags: budget, economic, presentation
Testimony on Minimum Wage
March 11, 2021 | Economics and Other
Director Matt Knittel made a brief presentation to the House Commerce Committee on the proposal to raise the minimum wage. The hearing was originally scheduled for February 16, 2021 but was rescheduled to March 11, 2021.
Budget Hearings Packet for Appropriations Committees
March 04, 2021 | Economics and Other
The Independent Fiscal Office submitted materials to the House and Senate Appropriations Committees ahead of its scheduled budget hearings. This packet examines the minimum wage, personal and corporate income tax and other proposals included in the FY 2021-22 Executive Budget.
Economic and Budget Update Presentation
February 19, 2021 | Economics and Other
Deputy Director Brenda Warburton gave a presentation at a session of the Pennsylvania Education Policy Fellowship Program regarding the Commonwealth's economic and budget outlook.
Tags: budget, demographic, economic, estimates, presentation, property
December Economic and Revenue Update
December 09, 2020 | Economics and Other
Director Matthew Knittel provided an economic update to the PA Association of Community Bankers.
Tags: economic, presentation, revenue
PPP Loans to Pennsylvania Businesses
December 08, 2020 | Economics and Other
This research brief examines the impact of the PPP on Pennsylvania businesses by considering the number and type of firms affected, the potential employment impact and possible tax implications.
Tags: businesses, employment, ppp, tax
State and Local Tax Revenues: A 50 State Comparison
November 24, 2020 | Economics and Other
This report uses the most recent data from the U.S. Census Bureau, the Internal Revenue Service (IRS), the U.S. Bureau of Economic Analysis and the Federation of Tax Administrators to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the relative level of state and local taxes across states, (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property) and (3) state debt levels.
Tags: comparison, local, state, tax