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.
The Governor's budget once again makes deep cuts to higher education while leaving intact $840 million in cuts made to the commonwealth's schools last year, which had a disproportionate impact on poorer school districts.
Governor Tom Corbett announced $156 million in state spending cuts this week to resolve a midyear revenue shortfall. This marks the fifth straight year of cuts to health care, education and human services.
State support of higher education has been cut dramatically in the past few years. Behind the mortgage, the cost of college is often a family’s largest investment, and it is becoming increasingly unaffordable.
Public schools and higher education are particularly hard hit in the state budget proposed by Governor Tom Corbett for the 2011-12 Fiscal Year. Total education funding, at $9.8 billion, sustains a cut of more $1.2 billion.
"If you have children or pay property taxes in Pennsylvania, Gov. Corbett's budget proposal should trouble you," Sharon Ward writes. "His budget cuts public school aid by a billion dollars, setting funding back three years."
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.