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tag | Independent Fiscal Office

Report says Pa. population getting older while birth rates down

“two trends are really at work here. One is a large wave of retirements from baby boomers, so moving out of the working age cohort to the retiree cohort. And the second one is declining fertility rates.”

By Scott LaMar/WITF

State budget deal inches closer to the finish line

As the details of the next annual spending plan are hammered out, education funding may be both a sticking point and a tool for aggrieved lawmakers.

By Sam Dunklau

$13B in virus relief bill headed to Pennsylvania governments

The state’s share of that will be about $7.3 billion while the other $5.7 billion will go to local governments, officials with the Independent Fiscal Office told the Senate Appropriations Committee on Monday.

By The Associated Press

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Pa.’s revenues take another coronavirus blow in May, falling $440 million short of expectations

Just over half of the shortfall was due to the economic slowdown caused by efforts to contain the outbreak.
By Charlotte Keith/Spotlight PA

Here’s the first look at how the coronavirus is gutting Pa. state finances, and it’s not pretty

The latest numbers are only the "tip of the iceberg,” state Revenue Secretary C. Daniel Hassell said.
By Charlotte Keith/Spotlight PA

Millions of dollars in tax credits may not be paying off for Pennsylvanians

Reviews of tax credits approved by the legislature found some are never used, lack follow-up, or are vulnerable to scams
By Charlotte Keith/Spotlight PA

Pa.’s year-end surplus is official. But it won’t last long.

The number dwindles when factoring in the amount the state overspent -- $548 million dollars
By Katie Meyer/WITF

IFO says though economy has slowed slightly, state finances are stable

IFO Director Matthew Knittel: Overall, economic growth slowed slightly but remains strong.
By Katie Meyer/WITF