Third and State This Week: PA Budget, Closing Loopholes, Funding Schools, and More

The week is not quite over, as Harrisburg remains abuzz through the weekend with budget-related activity. Keep following Third and State for updates through the weekend and into next week.

So far this week, we blogged about the Pennsylvania state budget, a new poll on education funding, a real opportunity for the Senate to close tax loopholes, slowing job growth in the Marcellus Shale, the latest Pennsylvania jobs report, the problem with 401(k) plans, and more.

IN CASE YOU MISSED IT:

  • On state budget and taxes, Michael Wood had a Friday afternoon budget update, blogged about the Senate passage of funding packages for the state-related universities, and wrote about the opportunity before the Pennsylvania Senate to close corporate tax loopholes.
  • On education, Chris Lilienthal wrote about a new poll finding that public school funding is a top concern among Pennsylvania voters, even as lawmakers debate a budget that locks in nearly 85% of the classroom cuts enacted two years ago. He also shared a letter to the editor making the case for delaying an unaffordable business tax cut to restore critical educational opportunities for Pennsylvania students.
  • On pensions, Stephen Herzenberg highlighted several recent news and magazine articles showing that 401(k) plans are a bad deal for workers, providing much less retirement security than defined benefit pension plans.
  • On the Marcellus Shale, Mark Price blogged about new data showing that job growth in natural gas extraction has slowed as falling gas prices have led to a reduction in drilling activity in Pennsylvania
  • And on jobs and the economy, Mark Price wrote that Pennsylvania's May jobs report was a mixed bag.

IN OTHER NEWS:

  • Read the Pennsylvania Budget and Policy Center's policy brief on why lawmakers should adopt a strong addback bill to recover some of the expense of costly business tax cuts enacted over the past 10 years.
  • Read findings from a new poll, commissioned by the Pennsylvania Budget and Policy Center and Public Citizens for Children and Youth, showing that public school funding is a top concern among Pennsylvania voters. Read a Philadelphia Inquirer report on the poll.
  • Read the Pennsylvania Budget and Policy Center's policy brief setting the record straight on state education funding and get the latest budget news here.
  • Read the Pennsylvania Budget and Policy Center's policy brief on the tens of thousands of veterans in the state who could benefit from expanding Medicaid, and read a Delaware County Daily Times editorial citing the analysis.
  • Read the Keystone Research Center's memo to lawmakers on how a Senate bill modeled on the Governor pension plan will cost taxpayers more than the current public pension systems, and another memo on a report from Pennsylvania's Public Employee Retirement Commission (PERC) confirming the high cost to taxpayers of closing the state's pension plans. Learn more about public pension reform here.

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