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.
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.
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.