Lawmakers, Wolf can’t kick the can down the road this budget season | Ray E. Landis
The General Assembly has chosen to use this influx of federal dollars as a slush fund to avoid making the hard choices of raising revenues or cutting state programs.
$317 million deposit to Rainy Day Fund will protect taxpayers in economic downturn, officials say
By the time Pennsylvania wrapped up another fiscal year on June 30, the state had generated a surplus of more than $800 million — the result, officials say, of strong corporate tax revenues and record-low unemployment. Some of that money had to cover costs that the state budget hadn’t anticipated. But $317 million went into […]
Pennsylvania’s rainy day fund, explained: Why a $250 million deposit is getting so much attention
As part of this year’s budget, lawmakers are getting ready to do something unusual: make a deposit into Pennsylvania’s rainy day fund. On Tuesday, the Republican-controlled state House passed a budget spending bill that puts $250 million into an emergency savings account. The move was backed by Democratic Gov. Tom Wolf, who consistently said any […]