Total Cost Of Pennsylvania’s Proposed Budget: $78.6 Billion

HARRISBURG, PA – Pennsylvania could own a bunch of professional sports team if it wanted.

OK, maybe we’re taking some liberty with that, but there is some math to back it up. If Gov. Tom Wolf’s budget is enacted exactly as he presented it earlier this month, the state’s total operating budget would soar to $78.6 billion, the highest level ever.

To put that in perspective, it’s enough to buy all 32 teams in the National Football League, based on average team values compiled by Forbes.com. And then for fun, the state still could buy all 30 teams in Major League Baseball and have enough left to build a few state-of-the-art stadiums.

Of course, that’s assuming the state would spend nothing on its actual responsibilities, like public education and roads and bridges. But for our purposes, it helps illustrate the sheer volume of state spending that’s on the table.

Read more:

http://www.timesherald.com/general-news/20150319/total-cost-of-pennsylvanias-proposed-budget-786-billion

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Pennsylvania’s Stagnant 2013 Growth Has Political Repercussions

Map of Pennsylvania, showing major cities and ...

Map of Pennsylvania, showing major cities and roads (Photo credit: Wikipedia)

Pennsylvania’‍s economy stalled last year, according to a report from the federal Bureau of Economic Analysis.

Pennsylvania’‍s real gross domestic product, an indicator of general economic conditions, grew just 0.7 percent in 2013. Only three states and Washington, D.C., saw slower growth.

Pennsylvania was also out-performed by its neighbors, West Virginia and Ohio, which saw 5.1 and 1.8 percent growth respectively. West Virginia has now outgrown Pennsylvania for six straight years, and Ohio has for two. Even struggling New Jersey beat out the Keystone State, posting 1.1 percent growth.

Read more: http://www.post-gazette.com/business/2014/06/19/Pennsylvania-s-stagnant-2013-growth-has-political-repercussions/stories/201406190114#ixzz356R8ZzWX

Corbett Offers $140 Million For Philly Schools

Map of Pennsylvania highlighting Philadelphia ...

Map of Pennsylvania highlighting Philadelphia County (Photo credit: Wikipedia)

Part of that story includes the rescue package Corbett outlined Sunday for Philadelphia’s financially beleaguered school district, though parts of that too, still await legislative approval.

The governor told The Inquirer he backed a plan that would help raise $140 million for the School District in the next fiscal year to help prevent the doomsday scenario district officials have said would unfold without financial assistance.  The district faces a $304 million deficit and has sent layoff notices to 3,859 teachers and staff.

But the governor was banking on more than just an on-time budget this year.  Facing reelection in 2014, and trying to turn the tide of sagging poll numbers, Corbett had pushed an aggressive agenda and urged legislators to address it together with the annual budget.

Read more at http://www.philly.com/philly/education/20130701_ett_endorses.html#kk0Wb8ECx92pXBYK.99

State Budget Action Takes Center Stage This Week In The House, But Will It Get Done On Time?

The House today is expected to begin debate on a $28.3 billion state spending plan for next year.

It is the House Republicans’ 2013-14 budget proposal, one of three that has been put on the table along with ones from Gov. Tom Corbett and Senate Democrats.

None of the three plans call for any increases in in broad-based taxes, such as the sales tax or personal income taxes.

Much of today’s debate is likely to  focus on amendments that reflect the House Democrats’ priorities that would raise the proposed total spending level to $28.7 billion.  The additional money they want to spend would be directed to K-12 and higher education and social services.

Read more:  http://www.pennlive.com/midstate/index.ssf/2013/06/state_budget_action_takes_cent.html#incart_m-rpt-2

$59 Million Pottsgrove School District Budget Brings 2.8% Tax Hike

 

Location of Lower Pottsgrove Township in Montg...

Location of Lower Pottsgrove Township in Montgomery County (Photo credit: Wikipedia)

LOWER POTTSGROVE TOWNSHIP – Property taxes will rise by 2.8 percent in the Pottsgrove School District next year as the result of a 8-1 vote Tuesday by the Pottsgrove School Board.

The vote was the final word on the $58.9 million budget for the 2012-13 school year.

The board also voted to set a millage rate of 35.979 mills for the new fiscal year, an increase of .98 mills.

It will raise taxes by $35.98 for every $1,000 of assessed value, or about $118 for a home valued at $120,000, the district’s median assessment, Nester told The Sanatoga Post.

Read more: http://www.pottsmerc.com/article/20120629/NEWS01/120629285/-59-million-pottsgrove-budget-brings-2-8-tax-hike