State Budget
Independent Fiscal Office Exposes Shapiro’s Overinflated Revenue Projections
Harrisburg, Pa., March 5, 2025 — Tuesday, the Independent Fiscal Office (IFO) released its analysis of revenue proposals contained in Gov. Josh Shapiro’s 2025–26 budget proposal. This latest…
Press Release
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The Inconvenient Truth About Pennsylvania Natural Gas
When it comes to reducing carbon emissions, Pennsylvania natural gas doesn’t get the credit it deserves. To some, natural gas is just another “evil” cog of the fossil fuel industry.
Blog
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Don’t Punish Cyber Charters for Being Fiscally Responsible
Originally published on RealClearPennsylvania. Pennsylvania cyber charter schools are under attack for—of all things—not wastefully spending taxpayer money. The Pennsylvania Department of the Auditor General recently …
Media Hit
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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
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Governor Shapiro’s 2025 Budget Proposal: An Extreme Spending Binge
Overview Gov. Josh Shapiro’s radical overspending exacerbates what is already a massive budget deficit. His plan imposes new taxes this year and will force extreme tax hikes on working families…
Fact Sheet
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Pennsylvania’s running out of money
Originally published at Pittsburgh Post-Gazette Stacy Garrity recently issued an urgent warning: This year’s budget will determine the commonwealth’s economic future — so lawmakers must plan wisely. Garrity, reelected…
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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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RGGI Is a Destructive Policy for Pennsylvania
Overview The Regional Greenhouse Gas Initiative (RGGI) is a multi-state cap-and-trade program that imposes a carbon tax on power generators, resulting in a new, economy-wide energy…
Fact Sheet
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The Rainy Day Fund
Summary The Budget Stabilization Reserve Fund, commonly referred to as the Rainy Day Fund, is Pennsylvania’s largest budgetary reserve fund. Pennsylvania law dictates that lawmakers may only draw from the…
Fact Sheet
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