Message from the Pennsylvania Chamber of Commerce

Hi Everyone,

I thought I would share some information that I receive every month from the Pennsylvania Chamber.  When you see all the cuts in the budget, one of reasons is that collectively, the State Employees’ Retirement System and the Public School Employees’ Retirement System–face an unfunded liability of between forty billion and fifty billion dollars.  One of the solutions to this problem is to switch future state employees from a defined contribution plan similar to private sector 401k style programs, among other similar proposals under consideration.

Also on the Mid-Year Legislative Accomplishments in Harrisburg, Pennsylvania’s corporate tax apportionment formula will now be based only on sales, not property and payroll.  The old formula was a disincentive for hiring and growth.  This change will save job creators about $12 million this year, and around $40 million annually beginning next fiscal year.

Finally, the authorization of transportation public-private partnerships is a small but welcome step toward resolving the state’s nearly $3.5 billion infrastructure funding shortfall.  This concept will inject private-sector capital and innovation into the infrastructure equation.

See you on Main Street.

Ron Orris

12 Comments

  1. Hi, just wanted to say i liked this article. it was practical. keep on posting.

  2. Thanks for the great article..

  3. I think this is one of the most important info
    for me. And i’m glad reading your article. But should remark on some general things, The website style is great, the articles is really excellent : D. Good job, cheers

  4. Hello this is somewhat of off topic but I was wondering
    if blogs use WYSIWYG editors or if you have to manually code with HTML.
    I’m starting a blog soon but have no coding skills so I wanted to get guidance from someone with experience. Any help would be enormously appreciated!

  5. Want more traffic to your website? http://tiny.cc/orh6tw

  6. Terrific post however , I was wondering if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit more. Kudos!

  7. Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a little bit, but instead of that, this is fantastic blog. A fantastic read. I will certainly be back.

  8. Hey! This is kind of off topic but I need some advice from an established blog. Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about making my own but I’m not sure where to start. Do you have any tips or suggestions? Thanks

  9. Hello very cool site!! Guy .. Excellent .. Wonderful .

Leave a Reply

Your email address will not be published.

*