- Wolf’s $33.8 billion spending plan includes a cumulative 16 percent tax increase. Under his plan, income taxes would go up and sales taxes would rise while the number of taxable items would expand. He would use some of those tax hikes to reduce local property taxes and close the $1.2 billion deficit. Wolf also would put a higher tax and fee on Marcellus Shale gas drillers to pay for a $400 million boost in per pupil spending in public schools.
- The Republican-backed budget is $30.1 billion. It would not raise taxes. It would close the deficit by delaying bills and shuffling money to different accounts. It would increase education spending at a lower rate than Wolf by selling off the state liquor store system for $220 million in new revenue annually. It also proposes changes to pension benefits for most future state workers and all future school teachers to save about $11.1 billion over three decades.
PSBA July 7, 2015