IFO - Releases

IFO Releases

2023 PA Payroll Jobs Revised Down 53,400

March 13, 2024 | Economics and Other

This research brief provides detail on the latest benchmark revision made by the U.S. Bureau of Labor Statistics to Pennsylvania payroll jobs.

Senate Budget Hearing Request

March 06, 2024 | Economics and Other

The Independent Fiscal Office (IFO) responded to requests for additional information raised at the office’s budget hearing before the Senate Appropriations Committee. The requests relate to an adjusted financial statement, public assistance savings resulting from a higher minimum wage, impact of the Ohio rate structure on Pennsylvania tax liability, net migration for Pennsylvania, regional student loan debt comparison and U3 and U6 unemployment rates.

Tax Modernization and Reform Presentation

March 01, 2024 | Economics and Other

Director Knittel made a presentation to the House Finance Subcommittee on Tax Modernization and Reform.

Based on a request from Chair Rabb, the presentation was updated to add an additional slide that displays the income distribution for self-employment and S corporation/partnership income.

Negative Revision to PA Job Gains Expected

February 29, 2024 | Economics and Other

This research brief examines the implications of a recent QCEW data release for state payroll jobs data.

Economic Update

February 22, 2024 | Economics and Other

Director Knittel provided an economic update at the Economic Forecast and Business Leadership Summit.

2024 Budget Hearing Materials

February 20, 2024 | Economics and Other

The Independent Fiscal Office submitted materials to the Senate Appropriations Committee ahead of its budget hearing. The packet includes data on the state budget, revenue proposals, economy, revenues, demographics and other miscellaneous topics.

State and Local Tax Revenues: A 50 State Comparison

February 14, 2024 | Economics and Other

This report uses data from the U.S. Census Bureau, the U.S. Bureau of Economic Analysis, CCH AnswerConnect and the Tax Foundation to facilitate a comparison of state and local tax systems across the 50 states. The report examines (1) the level of per capita state and local taxes across states (unadjusted and adjusted for price differentials) and (2) the distribution of state and local taxes across revenue sources (e.g., income, sales and property).

Tags: comparison, state, tax