Pennsylvania’s Independent Fiscal Office provides nonpartisan revenue projections and budgetary analysis to the state legislature and citizens. It is like the U.S. Congressional Budget Office in that it does not advocate for or against policies.
By law, the IFO must provide an analysis, including economic impact, of all tax and revenue proposals submitted by the Governor or the Office of the Budget. It also issues annual revenue projections for the state.
In recent years the IFO has issued a number of reports tracking the ups and downs of the Marcellus Shale impact fees and weighed in on the effective tax rate drillers pay. It has also examined how Pennsylvania’s impact fee stacks up against other states that levy a severance tax on the oil and gas industry.