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Radio Smart Talk: CPAs weigh in on PA's finances
Written by Scott LaMar, Radio Smart Talk Host/Executive Producer | Feb 18, 2013 10:56 AM
- Comments : 3
Radio Smart Talk for Tuesday, February 19:
Pennsylvania, like almost every other state in the country, is facing a number of fiscal challenges. Gov. Tom Corbett made that clear two weeks ago when he proposed a $28.4 billion budget for the 2013-14 fiscal year. Corbett's spending plan does not include new taxes, at least directly, but does rely on selling the state's liquor stores to generate new revenue for education and ask for more money from oil companies to help fund transportation upgrades.
In the meantime, the Pennsylvania Institute of Certified Public Accountants's Fiscal Responsibility Task Force studied and made recommedations on several of the state's financial issues. Two members of that task force will appear on Tuesday's Radio Smart Talk to discuss their findings.
The PICPA said they approached Pennsylvania's finances "as we would a client facing significant financial challenges."
Among the issues the CPAs looked at were public and school employee pensions, efficiencies and streamling state government, transportation infrastructure, financially distressed cities, and taxes.
CPA Jason Skrinak on Radio SmartTalk
Tagged under Act 47, Fiscal Responsibility Task Force, PA pensions, PA transportation infrastructure, Pennsylvania Institute of Certified Pubic Accountants, PICPA
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Radio Smart Talk
2013-02-19 09:24
Email from Lee, York:
There are constant calls for reducing the Corporate Income Tax and eliminating the Delaware loophole. On the surface, this sounds like a logical step. What is this loophole and does it make sense to reduce the corporate tax rate and eliminate this loophole?
Radio Smart Talk
2013-02-19 09:38
Email from Lee, York:
Since interest rates are at historic lows, shouldn't the State be borrowing money now for infrastructure repairs and make the bond payments with the increased taxes that the Governor has suggested? That would allow a much greater and immediate impact.
Sherlock
2013-02-19 09:56
The current state employes should not be penalized because of mismanagement
by past governors. My wife is in middle management and has not had a raise for 8 years now to reduce her pension too. it's not right.