Tax and Budget

March 10, 2011

Governor Tom Corbett's 2011-12 state budget makes deep cuts to education and higher education, as well as across-the-board cuts to most services and departments. At $27.3 billion, the budget is 3.1%, or $866 million, less than the available 2010-11 budget.

March 3, 2011

Coming out of the recession, Pennsylvania must take a forward-looking approach to the state budget that focuses on creating jobs and ensuring our long-term economic success, according to a report released today.

October 29, 2010

The Tax Foundation released its 2011 Business Tax Climate Index this week. According to the report, Pennsylvania ranked 26th in the nation. But the index has some methodological problems that limit its usefulness.

October 12, 2010

The compromise severance tax plan would generate 40% less revenue than the Governor's original proposal, but Senate leaders have rejected it. PBPC has a comparison of the revenue generated from the various severance tax plans out there.

October 12, 2010

The Pennsylvania Budget and Policy Center has put together a table comparing the details of two plans to enact a severance tax on natural gas in the Marcellus Shale - one approved by the state House of Representatives and the other endorsed by the state Senate Republicans.

October 6, 2010

The gas industry is waging a fierce fight to block a severance tax in Pennsylvania. PBPC, armed with almost two years of research on severance taxes and the potential impacts of drilling in the Marcellus Shale, has a fact check on claims made by the industry.

August 30, 2010

As Pennsylvania lawmakers debate the contours of a severance tax on natural gas extracted from the Marcellus Shale formation, PBPC has put forth a series of recommendations, including assessing a reasonable tax rate, limiting loopholes and restoring local government's authority to assess property taxes on oil and gas interests.

July 8, 2010

Lawmakers avoided a prolonged fight over spending and taxes, but they also missed an opportunity to raise recurring revenue to put Pennsylvania on surer fiscal footing. PBPC has a full analysis of the 2010-11 budget plan signed into law on July 6.

Monthly archive