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In the eight years before Gov. Wolf took office, General Fund spending increased by $2.85 billion. Wolf wants to tie or exceed this amount in just two years.
School district reserves total $4.3 billion statewide. When cries for more school funding—and property tax increases—are constant, how much is too much to hold in reserve?
The state House today passed a pension bill that promises reform but delivers little savings and keeps the state steaming toward a fiscal iceberg. While this “stacked hybrid” plan is projected to save $5 billion over 30 years, the savings in present value are just $1 billion on a $63 billion debt.
Contradicting the claim that Pennsylvania underfunds its school system, public school spending hit an all-time high in the 2014-15 school year, approaching $27.4 billion—or $15,854 per student—according to the latest state Department of Education data.
Gov. Wolf’s anticipated signature today on HB 1690, which allows wine sales in select grocery stores, is a first step toward much-needed liquor privatization, but more must be done.