Category Archives: Uncategorized

Tea Party Republicans Put Economy in Jeopardy

As you may know the Standard & Poor has lowered America’s long term rating from AAA to AA+. This has sent the world markets in turmoil and has put our local economy in jeopardy. Here is what S&P had to say regarding Tea Party Republican policies:
Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.
-Standard & Poor’s, Ratings on the Global Credit Portal, August 5, 2011

Why this matters to you?

Local Tea Party Republicans are running for the West Chester Area School Board and are proposing across the board cuts to education. This will have a disastrous effect on the quality of education within the West Chester Area School District. Moody’s currently rates the school district with a AAA bond rating. The Tea Party controlled school board has already decided to borrow funds from the general reserve that was meant for emergency uses only! Depletion of the general fund and a deterioration of the tax base, due to the real estate market, will have a negative impact on this rating and could lead to a downgrade. This will force to the school board to either cut educational programs, athletics, furlough teachers, or dramatically raise taxes. Not to mention that home values will fall dramatically. A loss of the AAA bond rating of the West Chester Area School District will have more of an impact locally than the downgraded rating of the United States. All politics is local.
We encourage you to GOOGLE school board members Sean Carpenter, Maria Pimley, Heidi Adsett, and Terri Clark. Parents should also GOOGLE current school board candidates Maureen Snook, Karen Miller, Vince Murphy, Galen Plona, and Linda Raileanu.

Governor Corbett’s Budget Will Lead to Large Property Tax Increases

THE BIG PICTURE:

— An overall decrease in spending of about 3 percent.

— About $27.3 billion in taxes, fees and other state revenue.

— No increase in the state income or sales tax.

REVENUE

— Projected general revenue growth of $1.1 billion, or more than 4 percent, in 2011-12, including transfers from the national tobacco settlement and other special funds.

— A projected $586 million surplus at the June 30 end of the fiscal year.

— The continuation of the scheduled phase-out of the capital stock and franchise tax on businesses, now scheduled to expire in 2014. The rate drops from 2.89 mills in 2011 to 1.89 mills in 2012.

— No tax on natural gas drilling.

SPENDING

— A 52 percent reduction, or $625 million, for the 14 state-owned universities in the of Higher Education, plus Pitt, Temple, Penn State and Lincoln.

— A 10 percent reduction, of $550 million, in funding for K-12 instruction in public schools.

— The elimination of $484 million in “accountability” grants for public schools and reimbursements to school districts for the loss of students who transfer to charter schools.

— A 7 percent increase to $11.2 billion for the Department of Public Welfare, which includes health care for the poor, child care and services for the disabled.

— $1.95 billion, no change, for the Corrections Department.

— A 9 percent increase, to $1.1 billion, for debt service payments.

STATE JOBS

— 1,550 state positions eliminated, including 1,211 from the Department of Public Welfare

ECONOMIC DEVELOPMENT

— Creation of the Liberty Loan Fund, to consolidate existing private-sector financing programs, and Pennsylvania First, a $25 million competitive grant program.

Who will pay for this irresponsible budget? You and me through property tax increases!