ADVERTISEMENT

PA Built Surplus in April, But Smaller than Hoped



Pennsylvania's state tax collections are running a surplus, but not as big as Governor Tom Corbett had hoped.
 
April revenue figures released Wednesday mean Corbett's budget plan for the year beginning July 1 is out of balance by as much as $165-million. Lawmakers say April collections added $31.6-million to the fiscal year's surplus. That boosts it to $67.1-million with just two months left in the fiscal year.
 
But Corbett's $28.4-billion budget plan for the 2013-14 fiscal year relies on a $232-million surplus to balance. Corbett's budget would boost spending by nearly 3-percent while increasing support for public schools by $90-million, cutting business taxes by more than $330-million and counting on the Legislature to adopt long-term changes to public pensions.
 


Filed Under :  
Topics : Business_FinanceSocial Issues
Social :
Locations : Pennsylvania
People : Tom Corbett
A   A   A
 
The 11th Hour - Guests & Topics April 21st-25th 2014
Monday April 21st James B. Huntington, PH.D Choosing a Lasting Career The Job-by-Job Outlook for Work's New Age Work's New Age Blog Tuesday April 22nd David Ickes Wednesday April 23rd Barry Ickes Thursday April...
Read More
Dial N Deal - April 18th 2014
GPX Karaoke Party Machine with CD and G&CD player, professional microphone and other features, $79.99 new, newver used, new-in-box - $50 Gibson Imperial Dinnerware Set 16-piece, porcelain, never used, new-in-box $25 Samuel, Altoona...
Read More
The 11th Hour - Guests & Topics April 11th-18th 2014
Monday April 14th Dr. Gabe Mirkin Dr. Mirkin.com Dr. Gabe Mirkin on Fitness & Health Facebook page Dr. Mirkin on Twitter Tuesday April 15th David Ickes Wednesday April 16th Thursday April 17th Adam Conrad - Real...
Read More