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News & Updates VIEW ALL

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Pennsylvania IFO Shares Fiscal Outlook, Warns of Structural Imbalance

Dec. 22, 2025, 07:45 AM

The Pennsylvania Independent Fiscal Office’s most recent fiscal outlook has identified structural imbalances to the state General Fund. Pennsylvania law requires an annual balanced budget, and debt cannot be issued for operating expenses. Hard decisions will need to be made.

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Member-Exclusive Content

The One Big Beautiful Bill Act: Bigger Debt Isn’t Beautiful

The One Big Beautiful Bill Act (OBBBA) was passed this summer, and its tax implications are broad and deep. This feature looks at the OBBBA from both a bird’s-eye economic view (debt and deficit), while also providing some new details to help prepare you for the questions coming your way in tax season.

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A Board Seat Is A Significant Milestone: Here’s How to Get There

Many CPAs view a seat on a board of directors as a significant career milestone, but they aren't always sure how to pursue it. This feature explains the steps that interested CPAs should take and shares the perspectives of four professionals who have succeeded in achieving a seat on a board.

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Legislative Update - Week Ending Jan. 9, 2026

In this issue: Pa. lawmakers return for start of 2026 session; Pa. Gov. Shapiro launches reelection campaign; Join PICPA’s 2026 advocacy plan; and more.

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