IFO releases projections for school property tax replacement

IFO releases projections for school property tax replacement

The Independent Fiscal Office (IFO) has released their latest projections that detail how much of an increase in personal income taxes (PIT) the state would need to impose to generate revenue if school property taxes for homesteads were eliminated.
 
The IFO determined that to raise enough revenue through a PIT to replace homestead property tax revenues, the state would need to increase the PIT by 1.9 percent to generate the same amount of funding. This would raise approximately $8.5 billion in revenue in the 2019-2020 fiscal year, roughly the same amount that taxing properties is expected to bring in.
Monday, March 18, 2019/Author: Justin Sweitzer
Categories: News and Views
Tweets of the Week - March 11, 2019

Tweets of the Week - March 11, 2019

Check out the week as tweeted from lawmakers, influencers, and others around Pennsylvania state government.
Friday, March 15, 2019/Author: Mike Howells
Categories: Features
Following budget’s completion, lawmakers look to solidify coming legislative agenda

Following budget’s completion, lawmakers look to solidify coming legislative agenda

With the governor signing most of the budget-related bills Monday, lawmakers in the General Assembly are turning their attention to solidifying their coming agenda for what they would like to see get done between now and the coming budget in the spring/summer of 2018.

Wednesday, November 1, 2017/Author: Jason Gottesman
Categories: News and Views
Rep. Christiana goes in depth about his property tax elimination plan

Rep. Christiana goes in depth about his property tax elimination plan

Rep. Jim Christiana (R-Beaver) discussed House Bill 2145 with The PLS Reporter Wednesday morning.

The bill, if passed, would abolish all property taxes in Pennsylvania. 

Rep. Christiana stated in his interview that he believed, "property taxes are the most unfair, anti-american tax" in Pennsylvania. He said that if the property tax was eliminated then there would be four ways to make up the money. 

His four ways included an increase in personal income tax, an expansion of the personal income tax, an increase in the sales tax and an expansion in the sales tax. 

Wednesday, June 22, 2016/Author: Kara Barmoy
Categories: Video
Legislative push to end current year’s budget process still faces Wolf question mark

Legislative push to end current year’s budget process still faces Wolf question mark

The Republican-led Pennsylvania General Assembly began to push a supplemental appropriation for the FY 2015-2016 budget Tuesday that they hope will land on the governor’s desk on Wednesday, and if enacted, would provide the fiscal year with a $30.025 billion, no-tax-increase budget.

However, that budget will need to be approved or vetoed by Gov. Tom Wolf, who said Tuesday he has not made up his mind about how to deal with the plan he still feels does not address Pennsylvania’s structural budget deficit.

Tuesday, March 15, 2016/Author: Jason Gottesman
Categories: News and Views
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