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Pennsylvania Yearly Expenses by Quarter
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US-174-AZ
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How to fill out Yearly Expenses By Quarter?
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FAQ
The Pennsylvania Pound was first conceived by Francis Rawle, who can be rightly called The Father of the Pennsylvania Pound.
Balanced Budget:The Pennsylvania Constitution requires the Governor to submit a balanced budget and prohibits the Governor from approving appropriations in excess of actual and estimated revenues and surplus.
Among the states, Alaska had the highest per capita state and local spending in 2019 at $17,596, followed by New York ($15,667) and Wyoming ($15,107).
Between fiscal years 2015 and 2016, total government spending in Pennsylvania increased by approximately $4.5 billionfrom $73.5 billion in fiscal year 2015 to an estimated $78.0 billion in 2016.
Revenues come mainly from tax collections, licensing fees, federal aid, and returns on investments. Expenditures generally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.
According to NASBO, Pennsylvania's recent expenditure totals (general fund spending/total spending, including federal transfers) were: FY 2021: $38.8 billion/$103.8 billion. FY 2020: $36.3 billion/$96.0 billion. FY 2019: $36.3 billion/$89.6 billion.
Securing Pennsylvania's Fiscal Future All in, factoring in offline spending through federal CARES Act funds and American Rescue Plan funds, our year-over-year growth is just 2.6%. This budget will deposit over $2.52 billion into the Rainy Day Fund, growing the fund total to a historic $2.76 billion.
Even if my plan is followed exactly, Pennsylvania will still have a more than$3 billion surplus at the end of the year, above and beyond the $2.8 billion that will remain in the Rainy Day Fund. Gov. Wolf's plan for 2022-23 calls for major investments in our schools, our workforce, our economy, and more. Gov.
While Pennsylvania must pass a balanced budget, there is no constitutional requirement that a budget be in place by June 30. However, to ensure that funding for all state programs continues, the budget should be completed and signed by the Governor by midnight on June 30.
