Pennsylvania

Pennsylvania

Budget Cycle
Annual  

Governor Submits Budget
February (1st full week)
Fiscal Year Begins
July 1 

Governor Signs Budget 
By June 30

Budget Links

FY2026 (proposed)
FY2025 (enacted)
FY2024 (enacted)
FY2023 (enacted)
FY2022 (enacted)
FY2021 (enacted)

Proposed Budget - Fiscal Year 2026

On February 4, Pennsylvania Governor Josh Shapiro released his fiscal 2026 budget recommendation. The proposal calls for total operating expenditures from all funds of $133.7 billion (a 5.3 percent increase compared to fiscal 2025). This includes $51.5 billion in general fund spending (a 7.5 percent increase compared to fiscal 2025). The budget is based on a beginning balance of $2.9 billion and forecasted general fund revenue of $46.6 billion after tax changes and refunds (a 5.8 percent increase over revised estimates for fiscal 2025). The budget also recommends a transfer from the Budget Stabilization Reserve Fund (the state’s rainy day fund) into the general fund of $1.6 billion. After this withdrawal, the state projects the reserve fund to have an ending balance of $6.4 billion in fiscal 2026.


Proposed Budget Highlights 

The governor’s budget for fiscal 2026 builds on previous progress while continuing to address problems facing state residents. The budget focuses on priorities including education; workforce development; economic development; reducing health care, housing, and energy costs; and public safety. The plan makes historical investments to make the state more competitive while also maintaining fiscal responsibility. Highlights of the budget include:

 

Public Education

  • Increases basic education funding and provides additional dollars through the bipartisan adequacy formula to schools that need them most
  • Increases special education funding
  • Sets a statewide base cyber tuition rate of $8,000 for online education
  • Increases Career and Technical Education (CTE) funding
  • Doubles funding for student teacher stipends to address the state’s teacher shortage
  • Increases funds for school repairs 

Workforce Development and Closing Workforce Gaps

  • Creates a dedicated Workforce and Economic Development Network appropriation to train additional workers
  • Creates the CareerConnect program to build internships at companies in the state
  • Invests in adult literacy centers to reduce waitlists
  • Additional support for the Office of Vocational Rehabilitation to assist people with disabilities in finding employment
  • Invests in recruitment or retention bonuses for childcare workers in the state
  • Increases birth to age 3 Early Intervention (EI) provider rates
  • Additional funds for the Pre-K Counts program to raise preschool teacher wages
  • Invests funding to increase direct care worker wages and benefits
  • Directs additional funds to Area Agencies on Aging (AAAs) as well as to an initiative to improve oversight and accountability of AAAs
  • Takes steps to close workforce shortages in rural healthcare and behavioral health
  • Calls for raising the minimum wage to $15 per hour

Economic Development

  • Invests in attracting new businesses in the life sciences sector
  • Reorganizes the Department of Community & Economic Development (DCED) to consolidate agency resources to form the BusinessPA Team, which will focus on promoting business success, expansion and attraction
  • Targeted investments in the agricultural industry as well as additional funding for the Pennsylvania Agricultural Surplus System and the State Food Purchase Program
  • Increases the dedicated transfer share of sales and use taxes to the Public Transportation Trust Fund by an additional 1.75 percent
  • Continues to reduce the reliance of the State Police on Motor License Fund revenues to free up more funding for transportation projects and to match federal grant funds
  • Invests in state parks, including a new park at Laurel Caverns

Health Care

  • Invests in grants for research on neurodegenerative diseases
  • Additional state funds and matching funds for federal grants to support rural hospitals
  • Calls for legislative action to curtail the involvement of private equity in health care
  • Directs health department to take steps to better treat postpartum depression
  • Calls for legislation to require insurance companies to cover mental health services provided in schools

Affordability

  • Increases transparency in health care pricing by investing in an All-Payer Claims Database
  • Multifaceted energy plan to create jobs and lower costs for consumers
  • Invests in first-time homebuyer assistance to cover closing costs
  • Creates a new statewide housing repair fund to help homeowners

Public Safety

  • Takes steps to support firefighters including with a new competitive grant program
  • Invests in four additional cadet classes for the State Police
  • Increases investments in Violence Intervention and Prevention program and the Building Opportunity through out of School Time (BOOST) Grant Program

Tax Cuts and Reforms

  • Eliminates duplicative tax credit programs and replaces them with a new AdvancePA tax credit program aimed at incentivizing high-paying job creation
  • Expedites Corporate Net Income Tax (CNIT) cuts by two years
  • Closes the “Delaware Loophole” that allows large corporations to avoid paying taxes by shifting income to out-of-state subsidiaries

Other

  • Charges the Gaming Control Board to regulate skill terminals, with revenues to be taxed at a rate of 52 percent, which will generate $8 billion in new revenue over five years
  • Proposes the legalization of adult use cannabis, which is estimated to generate $1.3 billion over the first five years