Education
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
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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
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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
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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
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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
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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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Takeaways from the (Mostly) Finalized 2023–24 Pennsylvania State Budget
Overview With the passage of Fiscal Code and School Code bills in December, work on the 2023–24 Pennsylvania state budget ended mostly done, six months late. The budget is as…
Fact Sheet
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Takeaways from the Unfinished 2023–24 State Budget
Summary The state budget remains unfinished. While Gov. Josh Shapiro signed off on the general appropriation bill (House Bill 611), authorizing more than $40 billion in state general fund spending,…
Fact Sheet
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Key Takeaways from Gov. Shapiro’s 2023 Budget Address
Profligacy Exacerbates Budget Deficit Gov. Josh Shapiro’s proposed budget calls for $45.9 billion in ongoing General Fund spending and $43 billion in net state revenues (after refunds). Thus, Pennsylvania has…
Report
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