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Gov Tom Wolf wants to raise Pa income taxes and give $1 5 billion more to schools

Tax hike would fund schools | News, Sports, Jobs

Feb 3, 2021 HARRISBURG Gov. Tom Wolf will propose a sweeping new plan to dramatically boost funding for public schools, to be supported by an increase in Pennsylvania’s personal income tax rate that also expands exemptions for lower-wage earners, administration officials said Tuesday. Wolf’s administration began releasing details of the plan to The Associated Press ahead of today’s planned budget address. Under the plan for the fiscal year beginning July 1, Wolf, a Democrat, will ask the Republican-controlled Legislature for what Republicans say will be a $7 billion, full-year increase in the personal income tax, before refunds, or almost 50%. That, under Wolf’s plan, would provide a massive boost to public schools and help fill a multibillion-dollar deficit inflicted by the pandemic. Expanding exemptions in the personal income tax means that two-thirds of income-tax payers will pay less or the same, administration officials said.

Pa budget: Gov Tom Wolf calls for historic funding increase for public schools

Pa. budget: Gov. Tom Wolf calls for historic funding increase for public schools Updated Feb 04, 2021; Posted Feb 03, 2021 Gov. Tom Wolf is calling for a historic shift in the way Pennsylvania school districts are funded by the state. That requires a more than $1.1 billion investment to address the inequalities that existed in the old funding formula. Plus, he wants to increase funding for basic education by $200 million more in his 2021-22 budget proposal. Sept. 8, 2020. File/Mark Pynes | mpynes@pennlive.com Facebook Share At a glance: Gov. Tom Wolf’s budget proposal was widely applauded by school district advocates as a long-awaited change that will address the funding inequities that have plagued poorer and predominantly Black school districts for decades while ensuring no district receives less than they received this year.

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