US EditionShapiro’s Budget Sleight of Hand: Today’s Spending is Tomorrow’s Tax Hike
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Shapiro’s Budget Sleight of Hand: Today’s Spending is Tomorrow’s Tax Hike
As Pennsylvania’s July 1 fiscal deadline looms, Governor Josh Shapiro is pushing a $51.5 billion budget that, at first glance, looks responsible. It doesn’t raise income or sales taxes, boasts a $2.5 billion increase in Medicaid, and adds $800 million for education. Sounds like progress, right? Look closer. Shapiro’s budget relies heavily on $4.5 billion in reserve funds to balance the books—a move that, while politically convenient, virtually g…
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