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.
"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.
Gov.-elect Tom Corbett and the new Legislature will face big fiscal challenges when they take office in January, writes Sharon Ward in a new commentary. They would be wise to remember that states, like businesses, must invest to grow.
The Rendell administration on Tuesday laid out where it plans to cut $212 million from the 2010-11 state budget. That, along with a projected $70 million in revenue from a yet-to-be-enacted Marcellus Shale gas severance tax, will bridge a revenue shortfall.
Federal stimulus funds helped stave off deep cuts in health care and education. Still, the 2009-10 state budget cut more than $500 million from the prior year and relies heavily on one-time revenue sources. Read PBPC's full analysis of the state budget.
Advocates for education, children's programs, people with disabilities, the environment, labor, housing, workforce development, and others turned out in force this week to press for new revenue to prevent deep cuts to state services that will halt Pennsylvania's progress.