Costs Increases Proving Tough Challenge for State Budget Plan
Pennsylvania’s administration is facing a tough budget year for 2013-2014, with an estimated $1.3 billion in cost increases.
By Melissa Daniels | PA Independent HARRISBURG — Figuring out next year’s state budget may be the Corbett administration’s toughest balancing act yet. While facing unavoidable personnel cost increases and potential federal cuts, the state is promising taxpayers it won’t increase general fund taxes, or create new ones. Pennsylvania Budget Secretary Charles Zogby said Wednesday that while the state is not ready to announce a spending figure for next year, it knows it has to come up with at least half a billion dollars. Known cost increases for next yet tally around $1.3 million, though the administration estimates it will have $813,000, or 3 percent growth, in revenue. “In an environment where you’re not raising taxes, not generating more …
KilgoreTrout
11:00 am on Saturday, December 8, 2012
Corporations are using the Delaware Loophole to cheat the state out of $500 million a year. Other states have closed the loophole decades ago. Ask yourself why Harrisburg permits this to continue. Corporations use Passive Investment Companies manipulate corporate taxes. This would go a long way to helping with budget problems. more ›