Posts by chris lilienthal

Lessons to Learn from Other States’ Revenue Woes

Just how difficult will it be to balance Pennsylvania’s state budget without any additional revenue? A WHOLE LOT, according to two state budget experts speaking on WITF’s Radio Smart Talk this week.

It's the Recession!

So just what has been the primary cause of Pennsylvania’s fiscal challenges? Some would have you believe it is overspending, but the facts tell a different story.

In the Pennsylvania Budget and Policy Center's latest February Fiscal Facts, we find that every state (except North Dakota) has faced budget deficits in the past few years. The primary culprit: loss of state tax revenue.

The Good News, Bad News on Pennsylvania's Revenue Picture

General Fund revenue collections have been doing better than expected in the past few months, with January numbers reported Tuesday showing another month of healthy receipts.

The result is a General Fund revenue surplus of $264 million for the 2010-11 Fiscal Year, which ends in June. That's good news and a positive sign of the state's slow fiscal recovery, but much bigger fiscal challenges loom large on the horizon.