Tax and Budget

June 21, 2008

The bulk of the plan includes permanent tax changes popular with business associations but of little value for most businesses or for the economy.

June 16, 2008

The Senate stimulus plan is unlikely to do much to stimulate Pennsylvania's economy and could do more harm than good.

March 1, 2008

The Pennsylvania Senate is considering a bill to exempt the sale or lease of private and corporate aircraft from sales tax. The Department of Revenue estimates the first year cost of the exemption at $9.8 million.

July 2, 2007

Two days into the 2007-08 fiscal year, Pennsylvania finds itself without a budget, and with little prospect of completing one before July 4th.

June 27, 2007

The General Assembly is in the final stages of negotiating the budget for Fiscal Year 2007–08. The House of Representatives adopted the Governor’s proposed $27.3 billion spending plan on May 25, and on June 20 the Senate passed its version of the spending plan, reducing or eliminating funding for initiatives in health care, child nutrition, child care, education, and workforce development.

June 25, 2007

Funding for public transit tops the legislative agenda at the start of this week, and both Governor Rendell and House Appropriations Chair Dwight Evans have cautioned that a resolution must occur as part of the budget process.

May 25, 2007

Pennsylvania has a famously antiquated corporation tax system. The end result is a system that is both unfair to some businesses and sufficiently porous to leave individuals paying a growing share of total state revenues.

An oil company profits tax would help the Commonwealth achieve revenues adequate to invest in public transit systems in economically vibrant urban-suburban corridors and in rural communities with aging populations.

Monthly archive