Tax and Budget

Issue Spotlight: 2015-16 Budget

Governor Tom Wolf proposed a $29.9 billion 2015-16 budget proposal on March 3. Here is the latest.

Budget Analysis: Proposed 2015-16 Plan to Increase School Funding With Sustainable Revenues

Mid-Year Review: A Review of the 2014-15 Budget Six Months into the Fiscal Year

Revenue Update: Revenues through March Higher than Estimate, but Show Impact of Corporate Tax Cuts

Enacted 2014-15 Budget Funding: General Fund Program Totals - Post Line-Item Vetoes

Browse Tax and Budget Publications Below

Through September, Revenues are on Target, but Fiscal Troubles Remain
General Fund revenue collections are on track to meet targets through the first quarter of 2014-15. While revenue collections in the first quarter are the smallest of the commonwealth’s fiscal year, the results are a good, if early, sign.

Despite the positive revenue results, many questions remain regarding the fiscal health of the commonwealth.

October 9, 2014

This webinar takes a look at the report, "Reform, Not Repeal: Pennsylvania Can Provide Property Tax Relief and Protect Public Schools," which finds that property taxes are moderate in most Pennsylvania communities, and recommends that the state should better target its property tax relief and overhaul its assessment system rather than eliminate the local property taxes that fund our children’s schools and prepare our future workforce.

October 2, 2014

Property taxes are high in some Pennsylvania school districts, but PBPC’s new report, "Reform, Not Repeal: Pennsylvania Can Provide Property Tax Relief and Protect Public Schools," reveals that compared to the national average and neighboring states, property taxes are moderate in most communities.

October 2, 2014

Pennsylvania should better target its property tax relief and overhaul its assessment system rather than eliminate the local property taxes that fund our children’s schools and prepare our future workforce, a report released today by the Pennsylvania Budget and Policy Center concluded.

September 22, 2014

Working families in Pennsylvania pay a far higher share of their income in state and local taxes than the state’s wealthiest earners. And – thanks to corporate tax loopholes, the phase out of the capital stock and franchise tax, and other tax breaks – taxes collected from corporations in Pennsylvania have declined as a share of total tax revenue over the past 30 years … and the share coming from individual taxpayers has increased.

Pennsylvania is already short of money and borrowing to pay bills less than three months into a new budget year. And that's after transferring $225 million from other state funds in July.

 

August 15, 2014

Several American cities have raised cigarette taxes as a public health measure and to generate local revenue for cash-strapped programs. These taxes are not as regressive as once assumed and can be an important part of a local funding package. Philadelphia has requested authorization from the General Assembly to add a $2 per pack tax on cigarettes sold in the city to raise an estimated $70-$90 million  for its public schools.

July 23, 2014

 "The  Governor and lawmakers are right to take Moody's recent downgrade of the Commonwealth's bond rating seriously, but they are drawing the wrong lesson. The downgrade is a result of a budget passed just three weeks ago that is hopelessly out of balance."

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