tag | economy

Financially distressed Pa. towns faring better than expected, while others in pain

Years of financial oversight through Act 47 has prepared cities that were thought to be doomed by the pandemic, while others face cuts and potentially massive tax hikes.

By Jamie Martines/Spotlight PA

$11B budget package passes Pennsylvania Legislature

“We should take no pleasure in MacGyvering a state budget by stealing funds that were meant for coronavirus relief,” said state Sen. Tim Kearney.

By Marc Levy/The Associated Press

Study shows disparate economic impact over months of COVID-19 pandemic

The rate of unemployment claims during the COVID-19 pandemic among Latino and Native American workers in Pennsylvania was twice that of white and Asian workers, as of mid-October. They were even higher for Black workers, according to a new report by economists at Penn State.

By Alanna Elder

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Pennsylvania jobless rate falls — because labor force shrank

The unemployment rate fell only because of a big drop in the state’s civilian labor force, and the state has yet to recover many of the jobs lost to the economic impact of the coronavirus.

By Marc Levy/The Associated Press

Updated: November 19, 2020 | 4:42 pm

Wolf to veto bills on carrying, selling guns amid disasters

Gov. Tom Wolf, a Democrat who has advocated for broader gun control measures, opposes the bills.

By Marc Levy/The Associated Press

Analysis: Pa. faces a several billion dollar tax shortfall thanks to the pandemic-affected economy

As state lawmakers prepare to discuss the latest proposed state budget, an expert group predicts the commonwealth won’t have enough tax money to fully fund it.

By Sam Dunklau

Pennsylvania lawmakers aim to fill virus-inflicted deficit

Gov. Tom Wolf has asked the Republican-controlled Legislature for another nearly $10 billion in spending to round out the fiscal year.

By Marc Levy/The Associated Press