ADVISORY–TOMORROW 11AM– Press Conference: An Update on Pennsylvania’s Fiscal Status and Surplus for 2023

2 mins read

Including Impacts of the recent Commonwealth Court school funding lawsuit

Harrisburg, PA--Join the PA Budget and Policy Center for the release of new data examining the Commonwealth’s multi-billion dollar surplus- and what it means for budget allocation, and impacts of the recent Commonwealth Court school funding lawsuit decision that declared PA’s current education funding system as unconstitutional.

EXCERPT: The enactment of the Pennsylvania’s current year (2022-23) budget was greeted with bi-partisan hosannas about the fiscal situation of the state. The projected budget surplus for the year was $5.27 billion and additional contributions to the Rainy Day Fund brought it to $5 billion. After more than a decade of budgets balanced with one year funds and fiscal legerdemain, it appeared the state’s persistent budget difficulties were over.

Unfortunately, our analysis shows that this is a partial truth. The state will have, we estimate, a combined $13.2 billion surplus at the end of the fiscal year on June 30. But the long term prospects for the state budget remain problematic.

In sum, the state will soon see a resumption of a structural budget deficit combined with the need for additional investments, especially but not only for meeting the constitutional requirement to fully and fairly fund K-12 education.

WHAT: Overview and breakdown of fiscal surplus and budget allocation

WHO: Marc Stier, Director, PA Budget and Policy Center; Diana Polson, Senior Research Analyst, Keystone Research Center

WHEN: Wednesday, February 15, 11AM EST

WHERE: register on Zoom


The Pennsylvania Budget and Policy Center is a nonpartisan policy research project that provides independent, credible analysis on state tax, budget, and related policy matters with attention to the impact of current or proposed policies on working families and individuals.

Pennsylvania Budget and Policy Center, 412 N. 3rd Street, Harrisburg, PA 17101 | 717-255-7156

DemCast is an advocacy-based 501(c)4 nonprofit. We have made the decision to build a media site free of outside influence. There are no ads. We do not get paid for clicks. If you appreciate our content, please consider a small monthly donation.

The 99% Pennsylvania is a campaign of the Pennsylvania Budget and Policy Center, focused on advancing federal policies that will benefit the overwhelming majority of Pennsylvanians. Ali Feldman is the federal organizing associate for the campaign.

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