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
Gov. Shapiro Cannot Be Allowed to Tap Pennsylvania’s Rainy Day Fund
Orginally published by LNP/Lancaster Online. Gov. Josh Shapiro has a spending problem, and he wants to smash open Pennsylvania’s piggy bank to placate his expensive habits. In February, Shapiro proposed…
Media Hit
Read More: Gov. Shapiro Cannot Be Allowed to Tap Pennsylvania’s Rainy Day FundState 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 ThreeGovernment Accountability
Independent Fiscal Office Shows Shapiro’s Budget Will Deepen the Deficit
IFO’s new Long-Term Budget Outlook Update illustrates Pennsylvania’s economic peril in light of Governor Shapiro’s 2025 budget proposal. Harrisburg, Pa., February 11, 2025 — Today, Pennsylvania’s Independent Fiscal Office…
Press Release
Read More: Independent Fiscal Office Shows Shapiro’s Budget Will Deepen the DeficitState Budget
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 FundState Budget
Pennsylvania’s Looming Budget Challenges
Summary Pennsylvania’s fiscal year (FY) 2024–25 state budget has created a $3.6 billion structural budget deficit. Without a major shift in direction, this deficit will persist and grow in future…
Fact Sheet
Read More: Pennsylvania’s Looming Budget ChallengesState Budget
Governor’s Proposed Budget Would Balloon Deficit to More Than $6 BILLION
Harrisburg, Pa., February 28, 2024 — Gov. Josh Shapiro’s proposed $48.3 billion budget would expand Pennsylvania’s structural deficit to more than $6 billion by 2028 and lead to major tax increases,…
Press Release
Read More: Governor’s Proposed Budget Would Balloon Deficit to More Than $6 BILLIONState Budget
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 Fund