Gov. Josh Shapiro is expected to emphasize funding for Pennsylvania's poorest school districts and making the state more competitive for cutting-edge tech firms when he delivers his first budget to the Legislature on Tuesday.
Shapiro's budget proposal comes as Pennsylvania keeps taking in robust tax collections, leaving it with $11 billion in reserve cash, even as it faces demands for more money for schools and social services and what Shapiro calls a workforce crisis.
Shapiro also has said he wants to be a cheerleader to attract new high-tech firms and slash the state's corporate net income tax rate by more than half by 2025, a move that would save businesses billions of dollars. That pledge comes as Pennsylvania competes for a federally funded hydrogen hub and tries to attract the kind of multibillion-dollar battery plants and microchip factories that other states are landing.
All told, Shapiro's budget plan for the 2023-24 fiscal year that starts July 1 is likely to exceed the current fiscal year's $42.8 billion approved budget. He has said he will seek no tax increases.
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Shapiro's 1st Pennsylvania budget to focus on schools, business taxesGov. Josh Shapiro is expected to emphasize school funding and making Pennsylvania more competitive for cutting-edge tech firms when he delivers his first budget. Pa is doomed on so many levels. Gonna be funny that a jewish governor singlehandedly revives Catholic schools Question... How does additional school funding equate to better outcomes? The feds gave the state billions for education, and testing still dropped. Teachers have changed ACT scores to CRT scores as a determination of achievement. Let's begin teaching how to work together.
Source: FOX29philly - 🏆 570. / 51 Read more »
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Source: PennLive - 🏆 463. / 53 Read more »