State Budget
Deficit Watch: June 2025
Lawmakers must protect the Rainy Day Fund. Background Pennsylvania faces serious fiscal challenges. The enacted 2024–25 General Fund budget created a $3.6 billion structural deficit. Gov. Josh Shapiro’s 2025–26…
Deficit Watch
Read More: Deficit Watch: June 2025Prosperity
How to Balance the PA State Budget
Key Points Pennsylvania faces a $3.6 billion structural deficit in fiscal year (FY) 2024–25. Unless addressed, the deficit will require massive tax increases on working families by next year. Extreme…
Backgrounder
Read More: How to Balance the PA State BudgetProsperity
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 Fund