PathWays PA Special Budget E-Alert - April 28, 2010
State Budget Funding for Education Last week the Governor spoke at a number of schools to talk abut the need for funding for education. The Governor’s proposal funds basic education at $355 million, an increase from last year’s budget. The Governor has suggested five ways to possibly generate revenue for the increase: Cut the sales tax from 6 percent to 4 percent, but lift tax exemptions on 74 items, including candy and gum, personal hygiene products, investment gold, dry cleaning and laundry services, caskets and burial vaults. Sales tax exemptions would be maintained for basic food items, clothing and prescription medications. Tax the extraction of Marcellus Shale. Tax cigars and smokeless tobacco. Raise corporate taxes. Take away the 1 percent discount businesses like Wal-Mart and Home Depot receive for paying their taxes on time. The General Assembly is hesitant to pass any broad based tax increases, so more proposals and/or cuts are likely. One School District’s S...