PA Budget: No State Tax Increases For 2011-12

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On June 30th, Governor Corbett signed a state budget reducing Pennsylvania’s state government spending by more than $1 billion. These cuts, including substantial cuts to K-12 school funding and aid to higher education, however, virtually ensure tax increases by many local school districts and higher tuition for college students attending state-owned and state-related universities. Following are key highlights of interest to Pennsylvania businesses.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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