PA Taxes

Issue Spotlight: 2014-15 Budget

Governor Tom Corbett signed a $29.0 billion 2014-15 budget proposal on July 10. Here is the latest.

Budget Analysis: Approved 2014-15 Plan Relies on Uncertain Savings and One-Time Revenues

Mid-Year Review and the Road Ahead: Fiscal Issues Facing Pennsylvania

Commentary: IFO Report Shows Long Term Fiscal Problems

Revenue Update: 2014-15 Revenues Through December Higher than Estimate,Tax Cuts Loom

Browse Tax Publications Below

March 25, 2015

PBPC hosted its annual Pennsylvania Budget Summit in Harrisburg, providing an in-depth look at the state and federal budget plans and what they mean for communities and families across Pennsylvania. Check out online resources from the Summit.

HARRISBURG, PA (March 3, 2015) — Stephen Herzenberg, executive director of the Keystone Research Center (KRC) issued the following statement on behalf of KRC and the Pennsylvania Budget and Policy Center:

“Gov. Tom Wolf’s first budget would get Pennsylvania back on the right track by investing in the future to help our economy grow more rapidly and making progress towards getting the state’s fiscal house in order.

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.

 

Responding to overwhelming public support for enacting a severance tax on natural gas production, Governor Wolf and several members of the General Assembly have released severance tax proposals in 2015. Actual production results from 2014 show that these plans would generate hundreds of millions of dollars in funding for schools, health care, environmental protection, and other critical needs.

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.

HARRISBURG, Pa. (Feb. 11, 2015) -- In response to Gov. Wolf’s announcement this morning of a proposed severance tax on natural gas, Michael Wood, research director of the Pennsylvania Budget and Policy Center, released the following statement:

“Enacting a severance tax on the extraction of natural gas in Pennsylvania is long overdue. We, therefore, applaud Gov. Wolf’s proposal earlier today to establish such a tax at the same rate as neighboring West Virginia’s tax.

General Fund revenue collections in January exceeded targets, but the results are more lackluster than they initially seem.

January 26, 2015

Our national report released by the Economic Analysis Research Network (EARN) and the Economic Policy Institute presents updated estimates of top incomes from 1917 to 2012 for all 50 U.S. states and multi-state regions. (See the national report at http://goo.gl/AnFnMt). This brief expands on the Pennsylvania findings of the national report and presents updates by county and metropolitan area on trends in the share of income earned by the top 1 percent in 1978 and 2012.

 

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