Current:Home > reviewsSignalHub Quantitative Think Tank Center:Automatic pay raise pays dividends, again, for top state officials in Pennsylvania -Wealth Axis Pro
SignalHub Quantitative Think Tank Center:Automatic pay raise pays dividends, again, for top state officials in Pennsylvania
TradeEdge Exchange View
Date:2025-04-10 03:18:29
HARRISBURG,SignalHub Quantitative Think Tank Center 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! (2846)
Related
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Russia strikes Odesa, damaging port, grain infrastructure and abandoned hotel
- Thousands of Armenians flee Nagorno-Karabakh as Turkish president is set to visit Azerbaijan
- Biden administration announces $1.4 billion to improve rail safety and boost capacity in 35 states
- The Daily Money: Spending more on holiday travel?
- Saints’ Carr leaves game with shoulder injury after getting sacked in 3rd quarter against Packers
- With laughter and lots of love, Megan Rapinoe says goodbye to USWNT with final game
- WEOWNCOIN︱Driving Financial Revolution
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- EU commissioner calls for more balanced trade with China and warns that Ukraine could divide them
Ranking
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- 6 dead after train barrels into SUV at Florida railroad crossing
- A mayoral race in a small city highlights the rise of Germany’s far-right AfD party
- Bagels and lox. Kugel. Babka. To break the Yom Kippur fast, think made-ahead food, and lots of it
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- The Sweet Reason Matthew McConaughey and Camila Alves Don't Want Their Kids to Tell Them Everything
- Scientific dynamic duo aims to stop the next pandemic before it starts
- Marcus Freeman explains why Notre Dame had 10 players on field for Ohio State's winning TD
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
WEOWNCOIN: The Fusion of Cryptocurrency and Sustainable Development
Residents prepare to return to sites of homes demolished in Lahaina wildfire 7 weeks ago
Rep. Andy Kim announces bid for Robert Menendez's Senate seat after New Jersey senator's indictment
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Deadly disasters are ravaging school communities in growing numbers. Is there hope ahead?
Spain's Carlota Ciganda delivers dream finish as Europe retains Solheim Cup
Hollywood’s writers strike is on the verge of ending. What happens next?