Gov. Tom Wolf (D) on Friday signed Pennsylvania’s $45 billion budget for Fiscal Year 2022-23.
The governor and Republican-controlled legislature were only able to agree to the fiscal blueprint a week after the June 30 deadline. Revenues covering budget items include $42.8 billion in state taxpayer dollars and $2 billion in federal money.
At a Connecticut General Assembly hearing Thursday, state lawmakers clashed on visions of tax policy, with Republicans pressing for sales-tax reduction and Democrats advocating a mix of tax increases and targeted relief.
According to the nonprofit Tax Foundation, 12.8 percent of Connecticut residents’ income goes to government coffers, making the combined state and local tax take the second-highest in the U.S., just behind New York’s 14.1 percent overall burden.
Two popular school-choice programs for Pennsylvania students would get regular annual funding increases – expanding access to thousands of families – under legislation a state Senate committee approved yesterday.
Sen. Mike Regan’s (R-Dillsburg) bill would automatically raise allocations to the Educational Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC) by 25 percent each year, provided at least 90 percent of obtainable scholarships have been utilized the year before. Regan estimated his funding rise would amount to $100 million more annually—about 0.3 percent of what the commonwealth spends on public education. His measure passed the Senate Education Committee by a party-line vote of seven to four and awaits a vote of the full chamber.