Raining on Shapiro’s Rainy Day Fund Raid
Here’s the Commonwealth Foundation’s weekly news roundup of policy issues debated in Harrisburg and across Pennsylvania. Can the ‘Rainy Day Fund’ Balance the Budget? Pennsylvania’s emergency savings account, contrary to…
Blog
Read More: Raining on Shapiro’s Rainy Day Fund RaidState Budget
The Shapiro Stalemate Enters Year Three
Gov. Josh Shapiro wants Pennsylvanians to believe that he wasn’t responsible for this year’s budget impasse—just like he wasn’t for last year’s stalemate or the year before that. For three…
Blog
Read More: The Shapiro Stalemate Enters Year ThreeEducation
Governor Shapiro’s 2025 Budget Proposal: An Extreme Spending Binge
Overview Gov. Josh Shapiro’s radical overspending exacerbates what is already a massive budget deficit. His plan imposes new taxes this year and will force extreme tax hikes on working families…
Fact Sheet
Read More: Governor Shapiro’s 2025 Budget Proposal: An Extreme Spending BingeState Budget
The Rainy Day Fund
Summary The Budget Stabilization Reserve Fund, commonly referred to as the Rainy Day Fund, is Pennsylvania’s largest budgetary reserve fund. Pennsylvania law dictates that lawmakers may only draw from the…
Fact Sheet
Read More: The Rainy Day FundRegulation
State Law, Financial Experts, and the Governor Himself Condemn Budget Plan to Raid Rainy Day Fund
Harrisburg, Pa., February 19, 2024 — Pennsylvania significantly improved its fiscal standing over the last few years by making deposits into the Rainy Day Fund. Pennsylvania has gone from among the…
Press Release
Read More: State Law, Financial Experts, and the Governor Himself Condemn Budget Plan to Raid Rainy Day FundEducation
Key Takeaways from Governor’s 2024 Budget Proposal
Key Points Gov. Josh Shapiro’s startling spending increases and myriad of new initiatives would explode the budget deficit and invite massive tax hikes on working families in the coming years.
Backgrounder
Read More: Key Takeaways from Governor’s 2024 Budget ProposalState Budget
Takeaways from the (Mostly) Finalized 2023–24 Pennsylvania State Budget
Overview With the passage of Fiscal Code and School Code bills in December, work on the 2023–24 Pennsylvania state budget ended mostly done, six months late. The budget is as…
Fact Sheet
Read More: Takeaways from the (Mostly) Finalized 2023–24 Pennsylvania State BudgetEducation
Gov. Shapiro Poised to Raid Rainy Day Fund, Unprecedented Move Violates Law and Undermines Legislature
Harrisburg, Pa., September 29, 2023 – The Commonwealth Foundation expresses strong concern that Gov. Shapiro is ignoring the law and usurping the constitutional role of the legislative branch in the state…
Press Release
Read More: Gov. Shapiro Poised to Raid Rainy Day Fund, Unprecedented Move Violates Law and Undermines LegislatureEnergy
Assessing Gov. Tom Wolf’s Tenure
Key Points During Gov. Tom Wolf’s eight years in office, Pennsylvania ranked below the national average in income growth, job growth, and population growth.State government spending increased significantly under Wolf,…
Backgrounder
Read More: Assessing Gov. Tom Wolf’s Tenure