Morning Must Reads: Closing Tax Loopholes, Health Reform and Economic Austerity

The Associated Press this morning reports on competing efforts to close some tax loopholes in Pennsylvania.

Third and State This Week: PA Budget Summit, Revenue Update and Pressure on Food Programs

This week, we blogged about our 2012 Pennsylvania Budget Summit, the state's revenue performance in January, programs that serve the poor coming under increasing pressure, and more.

IN CASE YOU MISSED IT

  • On the state budget, Michael Wood wrote that Pennsylvania's revenue performance in January offered some hope with General Fund collections coming in close to estimate, although corporate taxes continue to lag. Chris Lilienthal shared resources from the Pennsylvania Budget and Policy Center's 2012 Budget Summit this week and a Fox 43 news report on it.
  • In the Morning Must Reads this week, Mark Price blogged about news reports on soup kitchens and self sufficiency programs coming under pressure (as well as a new effort to identify the public health impacts of Marcellus Shale development); rising demand for Meals On Wheels in Reading and fines for a Hershey Co. subcontractor; and a look at policies in Europe and here at home that Paul Krugman has dubbed the "Pain Caucus."

More blog posts next week. Keep us bookmarked and join the conversation!

Missed Our PA Budget Summit? A Quick Recap and Resources

The Pennsylvania Budget and Policy Center hosted its annual Budget Summit on Thursday in Harrisburg, providing an in-depth look at the state and federal budget plans and what they mean for communities and families across Pennsylvania. With nearly 200 in attendance, it was our largest Budget Summit yet.

Check out our web site where we have posted materials from the Summit, including presentations on the state and federal budgets. And check back next week when we will have more, including video clips from the Summit.

And take a minute to watch this report from Fox 43 for a nice (and quick) recap of the Summit.

Some Hope for PA Revenue in January but Corporate Taxes Still Lag

Pennsylvania’s revenue performance has been pretty uneven this fiscal year due in part to a stubbornly slow growing economy and to policies that have cut the tax bills of big profitable corporations. After months of significant revenue shortfalls, however, January provided some hope.

Morning Must Reads: Rising Demand for Meals On Wheels in Reading and Fines for a Hershey Co. Subcontractor

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The Reading Eagle reports meals on wheels for low-income and disabled adults is short of cash thanks to rising demand and falling state support.

Morning Must Reads: Soup Kitchens & Self Sufficiency Programs Under Pressure & Marcellus Public Health Issues

The Erie Times-News reports this morning that Governor Tom Corbett's decision to implement an asset test for food assistance in Pennsylvania is expected to drive more people to seek help in already overburdened soup kitchens.

In other news this morning, it has fallen to charitable foundations to fund programs to help identify the public health impacts of Marcellus Shale development.

Morning Must Reads:The Pain Caucus in Europe and Pennsylvania

Paul Krugman leads off this morning with a review of the havoc created in Europe and here at home by what he calls the Pain Caucus.

Third and State This Week: Human Services Block Grant, Mortgage Help and Rising Student Loan Debt

This week, we blogged about a proposed state block grant and funding cut for county human services, the end of a mortgage assistance program in Pennsylvania, high student loan debt and more.

IN CASE YOU MISSED IT

  • On the state budget, Chris Lilienthal shared a table from the Pennsylvania Budget and Policy Center explaining the Governor's proposal to combine funding for a variety of county-level human services into a single block grant and cut it by 20%.
  • On housing, Mark Price wrote about how the state's decision to end the Homeowners Emergency Mortgage Assistance Program (HEMAP) could harm Pennsylvania's economic recovery.
  • And in the Morning Must Reads this week, Mark Price blogged about news stories on the student loan "debt bomb," the rise in homelessness in shale country, extended unemployment benefits and prevailing wage, and why delaying school construction is penny wise but pound foolish.

More blog posts next week. Keep us bookmarked and join the conversation!

Morning Must Reads: Recovery Act Turns 3 and the Student Loan Debt Bomb

Three years have passed since the passage of the American Recovery and Reinvestment Act. Michael Linden of the Center for American Progress explains the impact of the Recovery Act on the economy. 

 

On the state budget, WITF shares a link to help you estimate the impact of cuts to education spending in your area.

End of Mortgage Assistance Could Undermine Economic Recovery

Economic forecasters predicting strong economic growth in the next several years rest those hopes on a robust recovery in residential construction. In light of that, The Philadelphia Inquirer has some troubling news this morning in a story about a surge in foreclosure filings over the last 12 months.

The rise in foreclosure filings may be the result of lenders moving forward with long planned foreclosures rather than a worsening of economic conditions. More troubling is the rise in 90-day delinquencies, which could be the result of the end of Pennsylvania's Homeowners Emergency Mortgage Assistance Program (HEMAP). The permanent end to HEMAP also means rising costs for future taxpayers.

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