IFO Releases
FIVE YEAR ECONOMIC AND BUDGET OUTLOOK
November 14, 2019 | Revenue Estimates
Click on the hyperlink above to access the full report, three presentations and press release.
Five Year Economic and Budget Outlook
November 06, 2019 | Revenue Estimates
Announcement: The IFO will present its Five-Year Economic and Budget Outlook at 1:30 p.m. on November 14th at Harrisburg University. The Tax Foundation and ITEP will also make presentations on Pennsylvania's tax and business climate.
Monthly and Quarterly Revenue Estimates
August 08, 2019 | Revenue Estimates
This report provides revenue distributions based on the FY 2019-20 projections contained in the Official Revenue Estimate published by the IFO on June 21, 2019. They reflect the statutory changes that were enacted with the FY 2019-20 state budget.
Revenue Estimate Performance
July 26, 2019 | Revenue Estimates
This report examines the performance of IFO revenue estimates for the past seven budget cycles.
Official Revenue Estimate FY 2019-20
June 21, 2019 | Revenue Estimates
This report provides revised revenue estimates for FY 2018-19 and official estimates for FY 2019-20 related to the General Fund, Motor License Fund, Lottery Fund and federal funds subject to appropriation.
Initial Revenue Estimate FY 2019-20
May 20, 2019 | Revenue Estimates
The initial revenue estimate for FY 2019-20 and updated estimates for FY 2018-19 are included. For the PowerPoint presentation, click on the hyperlink above.
Initial Revenue Estimate FY 2019-20 Presentation
May 20, 2019 | Revenue Estimates
Director Matthew Knittel made a presentation on the initial revenue estimate for FY 2019-20 and updated estimates for FY 2018-19.
Analysis of Revenue Proposals in the 2019-20 Executive Budget
March 22, 2019 | Revenue Estimates
This report provides estimates for the revenue proposals contained in the 2019-20 Executive Budget released February 2019. The Independent Fiscal Office (IFO) publishes this report to fulfill its statutory duties as provided under 71 Pa.C.S. § 4104. The act requires that the IFO “provide an analysis, including economic impact, of all tax and revenue proposals submitted by the Governor or the Office of the Budget."
Mid-Year Update FY 2018-19
January 29, 2019 | Revenue Estimates
The Independent Fiscal Office (IFO) has released a mid-year update of its revenue estimate for fiscal year (FY) 2018-19. The revised estimate is $34.272 billion, which is $373 million higher than the IFO’s offical estimate. As part of the mid-year update, the IFO also provides an advance look at revenue projections for the next fiscal year. For FY 2019-20, revenues are projected to be $35.272 billion, an increase of 2.9 percent over the current year. The office will update the estimate in its next round of revenue projections to be released in late May.