Prosperity

How to Balance the PA State Budget

  • January 21, 2025

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 Budget

Pennsylvania’s Looming Budget Challenges

  • November 6, 2024

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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State Budget

The Taxpayer Protection Act

  • October 29, 2024

Summary Pennsylvania faces a $3.6 billion structural deficit that will force lawmakers to cut spending or increase taxes. State spending growth far outpaces inflation, population growth, and economic growth. This…

Fact Sheet

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Prosperity

2022 Pa. Budget Checklist

  • June 17, 2022

Limit Spending to Help Pennsylvanians Cope with Inflation Record inflation caused by federal overspending is hitting Pennsylvanians hard. Inflation is up 8.6 percent from last year and…

Fact Sheet

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Prosperity

Taxpayer Protection Act: Facts & Myths

  • March 3, 2022

Summary The Taxpayer Protection Act (TPA) controls the growth of state spending by tying budget increases to the average rate of inflation and population growth. Moreover, the TPA requires a…

Fact Sheet

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Prosperity

How Government Overspending Hurts Pennsylvania Families

  • Andrew Holman, Nathan Benefield
  • January 31, 2022

Key Points Excessive government spending and borrowing is causing record-setting inflation and severe supply chain shortages.Voters want fiscal restraint from their government.High taxes and spending are making Pennsylvania uncompetitive, costing…

Backgrounder

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Prosperity

Pennsylvania’s Stalled Economy

  • January 31, 2022

Summary In 2021, Pennsylvania lagged behind most states in recovering from the COVID-19 shutdown.Challenges like historic inflation and labor shortages will likely persist throughout 2022.This year, lawmakers can reverse these…

Fact Sheet

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State Budget

The Taxpayer Protection Act

  • Tirzah Duren
  • January 21, 2021

KEY POINTS Pennsylvania’s frequent budget deficits are the consequence of chronic overspending. Pennsylvanians pay $4,589 per person in state and local taxes, which equals 10.2 percent of residents’ total…

Backgrounder

Read More: The Taxpayer Protection Act