Prosperity
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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State Law, Financial Experts, and the Governor Himself Condemn Budget Plan to Raid Rainy Day Fund
Harrisburg, Pa., February 19, 2024 — Pennsylvania significantly improved its fiscal standing over the last few years by making deposits into the Rainy Day Fund. Pennsylvania has gone from among the…
Press Release
Read More: State Law, Financial Experts, and the Governor Himself Condemn Budget Plan to Raid Rainy Day FundEnergy
Environmental Social and Governance (ESG) Mandates in Pennsylvania
Key Points Studies show adopting Environmental Social and Governance (ESG) criteria is not associated with better labor or environmental regulatory compliance. Emerging studies show ESG criteria are associated with lower…
Backgrounder
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Five Taxpayer Protection Act Facts Every Pennsylvanian Should Know
House Bill 110, also known as the Taxpayer Protection Act (TPA), would amend Pennsylvania’s constitution to limit spending increases to the combined rate of inflation and population growth over a…
Fact Sheet
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The Solution to Pa.’s Credit Downgrade
Pennsylvania’s irresponsible spending increases have taken their toll – and credit rating agencies have taken notice. Following a credit downgrade from Standard & Poor’s Wednesday morning, Pennsylvania’s…
Media
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Tax Hikes Won’t Prevent Credit Downgrades
In July, S&P placed Pennsylvania on a negative credit watch, citing budget uncertainties. The move signaled a potential credit rating downgrade for Pennsylvania, which Governor Wolf is using to push for higher taxes.
Media
Read More: Tax Hikes Won’t Prevent Credit DowngradesState Budget
The Tax Hike Non-Solution
Contrary to the prevailing media narrative, it appears budget negotiations have taken a positive turn. According to Jason Gottesman of The PLS Reporter (paywall), House Republicans—led by Speaker Mike Turzai—have offered…
Media
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Pa. Enters Day #1 of Illegal, Unbalanced State Budget
Pa. Enters Day #1 of Illegal, Unbalanced State Budget Gov. Wolf Abdicates Constitutional Responsibility to Correct Legislature’s Error July 12, 2016, HARRISBURG, Pa.—Today is uncharted territory for Pennsylvania.
Press Release
Read More: Pa. Enters Day #1 of Illegal, Unbalanced State BudgetState Budget
Lower State Spending Could Improve Bond Rating
Last week Moody’s warned an out-of-balance state budget could result in another credit downgrading. By not acting to balance the budget, Governor Wolf is aiding in the devaluation of the…
Media
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