Who's Right About Revenue Growth?

The Independent Fiscal Office (IFO) and Corbett administration are at odds over how much Pennsylvania will collect in taxes and other revenue for the remainder of 2013-14 and all of the 2014-15 fiscal year — to the tune of roughly $375 million. That's a little over 1% of what is expected to be spent in 2014-15.

Towards a Moral Economy: Is NOW the time?

The Moral March: Photo from ThinkProgress.orgThe Philadelphia Daily News' Will Bunch had an uplifting column this past Sunday on Saturday's "Moral March" in Raleigh, N.C. It was the South's largest protest march since Dr. Martin Luther King and the Selma-to-Montgomery march in 1965.

Unlike Other States, No Revenue Surpluses in PA

While most states are finally recovering from the worst recession in decades, and seeing revenue surpluses for the first time in several years, Pennsylvania has missed the boat. And costly corporate tax cuts have a lot to do with it.

Reid Wilson of The Washington Post explains more in a blog post:

Punxsutawney Phil and Governor Corbett

I published a commentary this week on Governor Corbett's 2014-15 budget proposal this week in the Allentown Morning Call. Check it out.

Punxsutawney Phil is predicting more chilly weather ahead, but a winter-weary Gov. Tom Corbett must have spring on his mind. His budget address Tuesday painted a bright and rosy picture of Pennsylvania's future even as we remain in the grip of a long economic winter.

What's in the Governor's 2014-15 Budget?

General Fund Spending: 2014-15 Executive BudgetGovernor Tom Corbett has proposed a 2014-15 state General Fund budget that would spend $29.4 billion, $927 million, or 3.3%, more than the current fiscal year.

Infographic: Bridging the Budget Gap in 2014-15

Punxsutawney Phil predicted chilly weather ahead on Sunday. Will Governor Corbett do the same?

On Tuesday, Governor Corbett will emerge from his office to deliver his state budget address. Will he see much-needed sources of revenue in Pennsylvania’s future, or will this early February ritual result in an extension of economic winter for our state?

Camelot: Where King Arthur...I Mean Queen Dianne...Earns a Cool £2.1 Million

Pennsylvania Senate hearings on lottery expansion earlier this week focused on increasing state revenue for seniors' programs by expanding lottery games under public management (to include keno). This was a welcome shift from last year's proposed privatization of the lottery with the Camelot Group, a British company, and a temporary reprieve from more recent rumors about privatizing lottery management.

Minimum Wage Raise Would Primarily Benefit Adult Workers in PA

In January, the minimum wage rose to $8.25 an hour in New Jersey, $8 in New York, and to $7.95 in Ohio — while here in Pennsylvania it remains at the federal level of $7.25 an hour, unchanged since 2009. Legislation in Pennsylvania would change that, raising the state's wage to $9 an hour by 2015.

Small Revenue Shortfall Predicted for 2013-14 But No Need to Panic — Yet

Pennsylvania is staring at a likely revenue shortfall of more than $100 million come June when the current fiscal year draws to a close, according to the latest revenue estimates from the Pennsylvania Independent Fiscal Office (IFO). A slow-growing economy has dampened tax and other collections during the first half of the 2013-14 fiscal year, and IFO analysts think the trend will continue in the months ahead.

PA Saw Less Job Growth, Shrinking Labor Force in 2013

With Pennsylvania's December jobs report out today, we are able to draw a few conclusions about job growth in 2013 — and the news is mostly not good. Monthly job growth continued to decelerate across the commonwealth last year, and while the unemployment rate dropped by more than a percentage point from January to December, much of that is linked to a shrinking labor force rather than booming job growth.

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