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 4/10 Good --- www.readingeagle.com http://www.readingeagle.com/feeds/blogs/4/rss.xml
Wednesday, July 16, 2008 --- 52 days ago blog.aspx?bid=4&id=16754&t=Schools-big-winners-in-the-state-budget
| The Issue: Gov. Ed Rendell signs a $28.3 billion budget with record increases in basic subsidies for public school districts. Our Opinion: As long as statewide revenues come in as anticipated, this is about as good as a state budget can get. There is no doubt about the big winners in the 2008-09 Pennsylvania budget of $28.3 billion: Public schools, social services and energy projects came out ahead, while legislators were able to hold the line on taxes and avoid tapping the so-called rainy-day fund. But some have predicted that the tax revenues anticipated in the budget will fall far short of expectations as a result of the lagging economy, forcing the state to raid its contingency fund, raise taxes next year or both. Budget critics also point to heavy borrowing in the budget, most of which must be paid back during the next few years, provided the revenues are there to do so. And of course another year has passed in which the Legislature has taken no action to eliminate the property tax used to fund public schools. But on the whole, most residents should be fairly pleased with the spending guide, as long as those revenue projections are accurate. Public schools in Berks County will divide $21.1 million more than they received last year, with the Reading School District getting the bulk of that at $15.6 million, an 18 percent increase from last year’s basic subsidy. Every district received at least a 3 percent increase, with the Mu ... |
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