PA Taxes

August 15, 2014

Several American cities have raised cigarette taxes as a public health measure and to generate local revenue for cash-strapped programs. These taxes are not as regressive as once assumed and can be an important part of a local funding package. Philadelphia has requested authorization from the General Assembly to add a $2 per pack tax on cigarettes sold in the city to raise an estimated $70-$90 million  for its public schools.

July 18, 2014

Once Upon a Time: An Analysis of the 2014-15 General Assembly Approved Budget

The $29.0 billion 2014-15 state General Fund budget enacted earlier this month fails to confront Pennsylvania’s serious revenue problems. Lawmakers pretended that the half billion dollar revenue shortfall in 2013-14 did not exist and “balanced” the 2014-15 budget with one-time transfers, accounting tricks, and phantom revenues.

January 13, 2014

Halfway through the state's fiscal year, General Fund revenues are right on target — exceeding official estimates by a scant $2 million, or 0.02%. Tax and other collections in December came in $40 million, or 1.7%, below the monthly target, largely erasing the modest revenue surplus that had been generated so far.

December 18, 2013

A decade of corporate tax cuts are a major reason that Pennsylvania is expected to have far fewer resources than it needs to pay for education, health care, and other essential services for years to come. Unless lawmakers reverse course and come up with additional revenue, our schools, communities, and families will continue to bear the brunt and our economy will suffer.

August 8, 2013

Using a “moderate” production scenario, the Pennsylvania impact fee brings in less revenue than a severance tax comparable to that of Texas or West Virginia.

August 5, 2013

Low revenue growth projected for 2013-14 likely means the commonwealth will be treading water in the coming year, with General Fund spending barely matching the inflation-adjusted buying power of the 2012-13 budget.

July 9, 2013

The Pennsylvania Legislature has approved and the Governor has signed a 2013-14 state budget that spends $28.376 billion. Read PBPC's full analysis.

July 9, 2013

The plan maintains the capital stock and franchise tax, which was set to expire in 2014, for two more years and takes steps to close the Delaware loophole.

Monthly archive