2024 PA Budget Pass

Governor Josh Shapiro signed a $47.6 billion budget package into law Thursday night, ending an 11-day delay from the deadline in the State’s Constitution. The package is a 6% increase from last year’s budget, but $700 million less than Shapiro’s initial proposal in February. The package includes several of key initiatives, including a $1 billion increase in K-12 funding, gap funding for mass transit, infrastructure funding, a cap on the net operating loss tax, and funding for site development to attract and retain employers.  The budget will pull $3 billion of the state’s surplus but leave approximately $10.5 billion in the State’s reserves.  ​

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