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News Now

CU System
PCUA business community press for timely state budget
HARRISBURG, Pa. (2/4/10)--The Pennsylvania Credit Union Association (PCUA) joined more than 30 business organizations assembled in the state Capitol Rotunda Tuesday to press for a timely state budget. The Groundhog Day assembly, representing nearly five million private sector jobs, gathered to say, "We don't want to wake up morning after morning to the same news in 2010," said PCUA (Life is a Highway Feb. 3). In 2009, the state experienced a protracted budget process that went 101 days beyond deadline. The gap between spending and expected revenues filled with new and additional taxes will cost the Pennsylvania business community about $2 billion for the next five years before tax reforms really take effect, said PCUA. The event was sponsored by the Pennsylvania Business Council, of which PCUA is a member. One of the biggest priorities for the group, and for PCUA, is to ensure that there are no new taxes or an increase to the existing tax base, said the association.


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