Proposed Budget - Fiscal Year 2023
On February 8, Governor Tom Wolf released his recommended budget for fiscal 2023 totaling $109.3 billion in all operating funds. The proposed budget includes $43.7 billion in general fund spending, $41.4 billion in federal funds, $3.0 billion in the motor license fund, $2.0 billion in the lottery fund, and $19.2 billion in augmenting fees and other special fund revenues. General fund spending in fiscal 2023 is projected to increase $5.1 billion, or 13.2 percent, compared to fiscal 2022 enacted levels. Estimated revenue for fiscal 2023 is $41.9 billion, which is $3 billion, or 6.9 percent, less than projections for the prior year. The proposed budget retains the rainy day fund balance at $2.9 billion.