WATCH LIVE: Pa. Gov. Josh Shapiro is expected to focus on funding schools and business taxes in his first budget address.
Gov. Josh Shapiro is expected to emphasize funding for Pennsylvania's poorest school districts and making the state more competitive for cutting-edge tech firms when he delivers his first budget to the Legislature on Tuesday.
Shapiro's budget proposal comes as Pennsylvania keeps taking in robust tax collections, leaving it with $11 billion in reserve cash, even as it faces demands for more money for schools and social services and what Shapiro calls a workforce crisis.
Shapiro also has said he wants to be a cheerleader to attract new high-tech firms and slash the state's corporate net income tax rate by more than half by 2025, a move that would save businesses billions of dollars. That pledge comes as Pennsylvania competes for a federally funded hydrogen hub and tries to attract the kind of multibillion-dollar battery plants and microchip factories that other states are landing.
All told, Shapiro's budget plan for the 2023-24 fiscal year that starts July 1 is likely to exceed the current fiscal year's $42.8 billion approved budget. He has said he will seek no tax increases.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
WATCH LIVE: Ron DeSantis delivers Florida State of the State addressGov. Ron DeSantis (R-FL) is set to deliver his State of the State address amid widespread speculation that he will run for president in 2024.
Leer más »
Watch: Gov. DeSantis delivers State of the State speech to outline legislative prioritiesSTARTING NOW: DeSantis is expected to outline his vision and priorities for the state as the legislative session begins.
Leer más »
Shapiro's 1st Pennsylvania budget to focus on schools, business taxesGov. Josh Shapiro is expected to emphasize school funding and making Pennsylvania more competitive for cutting-edge tech firms when he delivers his first budget.
Leer más »
Shapiro's 1st Pa. Budget to Focus on Schools, Business TaxesGov. Josh Shapiro is expected to emphasize school funding and making Pennsylvania more competitive for cutting-edge tech firms when he delivers his first budget.
Leer más »
How to watch ‘American Idol’ tonight (3/5/23): FREE live stream, time, channelAuditions will continue during the third episode of season 6 on ABC.
Leer más »
Litecoin (LTC) Halving to Go Live in 150, Here Are Key Trends to Watch.Litecoin Halving is 150 days away, these key trends it brings might push LTC growth
Leer más »