The 2022-2023 fiscal year for Pennsylvania starts without a budget in place.
The budget deadline came and passed without a new spending plan put in place. Lawmakers have been working on trying to craft the roughly $42 billion plan, but so far, no details have been released on the spending plan, and negotiators have yet to inform rank-and-file members on any sort of agreement or publish details on budget-related legislation. Several issues were being worked on yesterday, and that included election-related legislation that would restrict third-party funding for county election offices and equipment, spending for public schools, and cutting the corporate net income tax rate.
Another issue that’s being discussed is how to handle the surplus of reserve funding. Senator Joe Pittman said on Indiana in the Morning that there are multiple factors that state officials need to consider when reviewing the surplus.
As there is no budget in place, the state loses the authority to make some payments, but experts say that a budget stalemate must last several weeks before any negative impact is felt. Both the state house and senate have scheduled voting sessions over the weekend to try to get the budget done before Independence Day.
Pittman adds that he expects a budget to be finalized by next week.
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