Federal tax policy changes adds small wrinkle to budget negotiations

Federal tax policy changes adds small wrinkle to budget negotiations

Another week into June, and details on the budget are still slow coming, but Capitol observers think that could just be a sign that a deal is near.

In fact, one of the few disagreements to bubble up has had more to do with federal policy trickling down than the state level problems.

Saturday, June 16, 2018/Author: Stephen Caruso
Categories: News and Views
Optimism in supply in capitol even if budget details are short

Optimism in supply in capitol even if budget details are short

With the start of June, a wave of advocates has descended on Harrisburg to make their pitch for funding, from programs for people with disabilities to school safety.

Some of those priorities are bipartisan. Others shade to one party or another. But while no exact numbers or funding plans are out just yet, that doesn’t mean work isn’t getting done.

Friday, June 8, 2018/Author: Stephen Caruso
Categories: News and Views
IFO report predicts proposed severance tax would make up for cut in state corporate income tax rate

IFO report predicts proposed severance tax would make up for cut in state corporate income tax rate

A recently released Independent Fiscal Office review of Governor Tom Wolf’s 2018 budget analyzed three marquee proposals found within — a cut in the state’s corporate net income tax, a natural gas severance tax and raising the minimum wage to $12.00.

Taken together, the IFO predicted an average annual gain of $418 million each year in state revenue, which peaks in the early 2020s before falling down by 2023.

Friday, April 20, 2018/Author: Stephen Caruso
Categories: News and Views
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