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What you missed at the Pa. Revenue Department's budget hearings

Written by Ben Allen and Radio Pennsylvania | Apr 3, 2015 2:45 AM
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(Harrisburg) -- Governor Tom Wolf's budget plan includes proposed property tax relief, but there are questions about how lasting such a reprieve will be.

At a recent state Senate committee hearing, Acting Revenue Secretary Eileen McNulty assured doubters others -- such as school districts -- won't just hike rates because of a lower state tax burden.

She says the governor wants to increase the state's share of education spending.

"Which will reduce the need for local governments, local school districts to provide additional revenues," adds McNulty.

McNulty says school districts will also face limits on the size of their reserves.

She says property tax relief will go to districts that most need it.

Meanwhile, natual gas revenue projections in Wolf's proposed budget also came up.

McNulty says it uses national estimates from IHS Global, an industry research firm.

"And we then have adjusted them to have those prices represent specifically the Dominion South price, which is one of the hubs that is used in the Commonwealth," she says.

Some have expressed concern about how energy prices might affect the some of Governor Tom Wolf's proposals in his state budget plan, and how the impact could spill over into areas outside of education.

Governor Wolf says his plan will raise $1 billion a year for education spending through a natural gas severance tax.

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