Pennsylvania’s budget increased cumulatively more than pop+inf in state funds and all funds from 2014-23, meaning taxes are higher than the average taxpayer can afford.
- The 2023 state funds budget is $10.2 billion higher than it would have had spending grown at the rate of population growth plus inflation over the past decade.
- Because the state funds budget grew faster than population growth plus inflation for the last ten years, the state spent and taxed $53.6 billion too much.
- The 2023 all funds budget is $28.2 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
- Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $148.0 billion too much.
State Funds Budget Data
- Estimated FY 2024 Only State Funds Budget ($ Billions): $72.35
- FY 2025 Only State Funds Budget Limit ($ Billions): $76.16
- FY 2025 Only State Funds Budget Limit Growth ($ Billions): 5.27%
- Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: $2,413
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: $9,654
- Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: $12,672
- Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: $50,689
State All Funds Budget Data
- Estimated FY 2024 All Funds Budget ($ Billions): $114.05
- FY 2025 All Funds Budget Limit ($ Billions): $120.06
- FY 2025 All Funds Budget Limit Growth ($ Billions): 5.27%
- Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: $6,662
- Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: $26,647
- Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: $34,962
- Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: $139,846
Other Considerations
- Economic Freedom of North America (2021) (Rank): 16 [Fraser Institute]
- Economic Freedom (2022) (Rank): 16 [Cato Institute]
- Fiscal Policy (2022) (Rank): 5 [Cato Institute]
- Regulatory Policy (2022) (Rank): 37 [Cato Institute]
- State Tax Collections Per Capita (FY2021) ($): $3,824 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 20 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $6,723 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 10.60% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 28 [Tax Foundation]
- Top Income Tax Rate (2024) (%): 3.07% [Tax Foundation]
- Top Income Tax Rate (2024) (Rank): 13 [Tax Foundation]
- Flat/Progressive/Zero Income Tax (2024): F [Tax Foundation]
- Overall State Business Tax Climate Index (2024)(Rank): 31 [Tax Foundation]
- Top Corporate Income Tax Rate (2024) (%): 8.49% [Tax Foundation]
- Top Corporate Income Tax Rate (2024) (Rank): 42 [Tax Foundation]
- State-Local Sales Tax Rate (2024) (%): 6.34% [Tax Foundation]
- State-Local Sales Tax Rate (2024) (Rank): 17 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.49% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 11 [Tax Foundation]
- Economic Outlook (2024) (Rank): 35 [American Legislative Exchange Council]
- Economic Performance Rankings, 2012-2022 (2024) (Rank): 42 [American Legislative Exchange Council]
- Tax and Expenditure Limit (Rank): 32 [American Legislative Exchange Council]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $14,251 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 37 [US Government Spending]
- Official Poverty Rate (2021-23) (%): 10.7 [Census Bureau]
- Official Poverty Rate (2021-23) (Rank): 30 [Census Bureau]
- Supplemental Poverty Rate (2021-23) (%): 9.1 [Census Bureau]
- Labor Force Participation Rate (Dec 2023) (%): 62.10% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec 2023) (Rank): 32 [Bureau of Labor Statistics]