Issue Spotlight: Investing in Education & the Economy
There is a strong link between the educational attainment of a state’s workforce and both productivity and workers’ pay, according to a new study from the Economic Analysis and Research Network (EARN). Expanding access to high-quality education will create more economic opportunity for Pennsylvania residents and do more to strengthen the state’s overall economy than anything else.
Gov. Tom Wolf presented his 2015-16 State Budget Proposal on March 3. The Pennsylvania Budget and Policy Center will be posting analysis, infographics and related documents on this page as they become available. Check back often for the latest updates.
HARRISBURG, Pa. (Feb. 18, 2015) – The Better Choices for Pennsylvania Coalition released today a list of 19 recommendations to make Pennsylvania’s tax system fairer. State and local taxes require low- and middle-income workers to pay more of their income in taxes than the highest-income Pennsylvanians, making it hard to raise sufficient funds for public schools, higher education, health care and other vital services.
Today’s mid-year budget briefing by Budget Secretary Zogby confirms the warnings issued by the Independent Fiscal Office and the independent ratings agencies about Pennsylvania’s dire financial condition. The Commonwealth can no longer rely on one-time fixes to balance its budget. We need long-term solutions that will restore fiscal stability and allow the Commonwealth to grow.
Pennsylvania enacted deep cuts to funding for public higher education since 2010-11. Even before these cuts, Pennsylvania ranked low among states in funding for higher education and in the affordability of public higher education. This report summarizes key insights from the economic research literature on the importance of higher education and presents basic information on Pennsylvania’s investment in higher education.
Pennsylvania is one of a handful of states that have not begun to replace higher education funds cut during the recession, according to the Center on Budget and Policy Priorities in Washington D.C. The state is providing $2,206 less per student in inflation-adjusted dollars to public colleges than it did in 2008.