Current:Home > StocksPredictIQ-Automatic pay raise pays dividends, again, for top state officials in Pennsylvania -Streamline Finance
PredictIQ-Automatic pay raise pays dividends, again, for top state officials in Pennsylvania
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-11 08:02:03
HARRISBURG,PredictIQ Pa. (AP) — A Pennsylvania law that delivers automatic pay raises for state officials will pay dividends next year for lawmakers, judges and top executive branch officials.
The law will give more than 1,300 officials — including Gov. Josh Shapiro, 253 lawmakers and seven state Supreme Court justices — a pay raise of 3.5% in 2024, matching the latest year-over-year increase in consumer prices for mid-Atlantic urban areas, as determined by the U.S. Bureau of Labor Statistics.
And that’s on pace to be more than what the average Pennsylvanian will get. The average year-over-year increase in wages for Pennsylvanians was 2% through the middle of 2023, according to federal data on private sector wages.
The new, higher salaries required by a 1995 law are effective Jan. 1 for the executive and judicial branches, and Dec. 1 for lawmakers.
Shapiro’s salary will rise to $237,679 while Lt. Gov. Austin Davis, Treasurer Stacy Garrity, Auditor General Tim DeFoor and Attorney General Michelle Henry will each get a boost that puts their salaries just shy of $200,000. The increase also applies to members of Shapiro’s Cabinet.
Chief Justice Debra Todd, the highest paid judicial officeholder, will see her salary rise to $260,733, while salaries for other high court justices will rise to $253,360. The raises also apply to 1,000 other appellate, county and magisterial district judges.
The salaries of the two highest-paid lawmakers — Senate President Pro Tempore Kim Ward, R-Westmoreland, and House Speaker Joanna McClinton, D-Philadelphia — will rise to $166,132, while the salary of a rank-and-file lawmaker will rise to $106,422.
The salary increase that went into effect for this year was the biggest inflationary increase since the 1995 law took effect, delivering a 7.8% boost. Private sector wages increased by about half as much in Pennsylvania, according to government data.
The government salary increases come at a time of steady growth in wages for private sector workers — although not nearly as fast.
Still, the average wage in Pennsylvania has increased by more than the region’s inflation indicator, the mid-Atlantic consumer price index. Since 1995, the average wage has risen 140%. The 1995 law’s inflationary boosts have increased salaries by about 91%, according to government data.
___
Follow Marc Levy: http://twitter.com/timelywriter
veryGood! (5444)
Related
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- How an Oklahoma earthquake showed danger remains after years of quakes becoming less frequent
- Deadly decade-long listeria outbreak linked to cojita and queso fresco from a California business
- State Senate committee rejects northern Virginia casino bill
- Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
- Scientists rely on private funding to push long COVID research forward
- Workers who cut crushed quartz countertops say they are falling ill from a deadly lung disease: I wouldn't wish this upon my worst enemy
- ESPN, Fox, Warner Bros. Discovery announce plans to launch sports streaming platform in the fall
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Slain CEO’s parents implore Maryland lawmakers to end good behavior credits for rapists
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Ariana Madix Reveals Surprising Change of Heart About Marriage and Kids
- How an Oklahoma earthquake showed danger remains after years of quakes becoming less frequent
- Usher announces post-Super Bowl North American tour, ‘Past Present Future’
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Andie MacDowell on why she loves acting in her 60s: 'I don't have to be glamorous at all'
- West Virginia seeks to become latest state to ban noncitizen voting
- Tennessee militia member planned to attack US border agents, feds say
Recommendation
New Orleans mayor’s former bodyguard making first court appearance after July indictment
Ariana Madix Reveals Surprising Change of Heart About Marriage and Kids
Ariana Madix Reveals Surprising Change of Heart About Marriage and Kids
South Dakota has apologized and must pay $300K to transgender advocates
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
King Charles has cancer and we don’t know what kind. How we talk about it matters.
Student arrested, no injuries after shots fired at South Carolina State University
House Republicans are ready to impeach Homeland Security Secretary Mayorkas, if they have the votes