Gov. Josh Shapiro Wants to Spend More than Taxpayers Can Pay
Originally published by the Pittsburgh Post-Gazette. The weather isn’t the only thing heating up this May. Negotiations are underway for Pennsylvania’s Fiscal Year 2025–26 state budget. These negotiations determine how…
Media Hit
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Optimizing State Spending
Summary Pennsylvania faces a $3.6 billion structural budget deficit in Fiscal Year (FY) 2024–25. The Independent Fiscal Office (IFO) calculates Gov. Josh Shapiro’s FY 2025–26 budget…
Fact Sheet
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Independent Fiscal Office Shows Shapiro’s Budget Will Deepen the Deficit
IFO’s new Long-Term Budget Outlook Update illustrates Pennsylvania’s economic peril in light of Governor Shapiro’s 2025 budget proposal. Harrisburg, Pa., February 11, 2025 — Today, Pennsylvania’s Independent Fiscal Office…
Press Release
Read More: Independent Fiscal Office Shows Shapiro’s Budget Will Deepen the DeficitEducation
How Gov. Josh Shapiro Should Address the Pennsylvania Budget
On Tuesday, Gov. Josh Shapiro will deliver his annual budget address. In this speech, the governor will lay out his economic vision for Pennsylvania. Though we don’t know what’s in…
Blog
Read More: How Gov. Josh Shapiro Should Address the Pennsylvania BudgetState Budget
How to Balance the PA State Budget
Key Points Pennsylvania faces a $3.6 billion structural deficit in fiscal year (FY) 2024–25. Unless addressed, the deficit will require massive tax increases on working families by next year. Extreme…
Backgrounder
Read More: How to Balance the PA State BudgetState Budget
Deficit Watch: January 2025
Background Pennsylvania faces serious fiscal challenges. The enacted 2024–25 General Fund budget created a $3.6 billion structural deficit, with $47.6 billion in spending and only $43.9 billion in net…
Deficit Watch
Read More: Deficit Watch: January 2025State Budget
Pennsylvania’s Looming Budget Challenges
Summary Pennsylvania’s fiscal year (FY) 2024–25 state budget has created a $3.6 billion structural budget deficit. Without a major shift in direction, this deficit will persist and grow in future…
Fact Sheet
Read More: Pennsylvania’s Looming Budget ChallengesState Budget
Proposed Tax Cuts and the 2024 State Budget
Key Points A responsible budget in fiscal year (FY) 2024–25 must grapple with Pennsylvania’s aging and shrinking workforce challenges through sound tax and regulatory reform. State Senate Republicans proposed two…
Fact Sheet
Read More: Proposed Tax Cuts and the 2024 State BudgetState Budget
Shapiro’s Structural Deficit
Summary Gov. Josh Shapiro proposed a $48.3 billion 2024–25 General Fund budget, a $3 billion or 7.1 percent spending increase compared to last year’s ongoing general fund spending. The proposal…
Fact Sheet
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