PA IFO Predicts 2025 Impact Tax Revenue Increasing $70M from 2024

The Pennsylvania Independent Fiscal Office (IFO) is out with an initial estimate for how much money will be raised and distributed from the 2025 impact fee assessment. The IFO projects that impact fee revenue will increase by $70 million in 2025 compared to the revenue collected in 2024. IFO predicts revenues will hit around $235 million. The impact fee is PA's version of a severance tax. The impact fee generated $164.6 million in 2024 and $179.6 million in 2023.

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