Pa. Lawmakers Advance $50.8 Billion State Budget
Key Questions
What is the total amount of Pennsylvania's new state budget?
The 2026-27 operating budget totals $50.8 billion. It was approved by the General Assembly and signed into law by Governor Shapiro on July 12.
What are the main education funding increases in the budget?
The plan includes a $58 million increase in basic education funding and a $565 million boost to the adequacy formula. These changes aim to support schools across the state, including those in Honesdale.
How does the budget provide property tax relief?
It allocates $1 billion for property tax relief, which will directly benefit homeowners. No tax increases were part of the agreement.
What other areas receive investments in the new budget?
The budget includes funding for workforce development and public safety initiatives. The Rainy Day Fund remains untouched.
When was the budget signed and what is its local impact?
Governor Shapiro signed the bipartisan budget on July 12. It delivers significant benefits to local schools and homeowners in areas such as Honesdale through increased education funding and tax relief.
Governor Shapiro signed the bipartisan 2026-27 budget on July 12. The $50.8 billion plan includes a $58M basic education funding increase, $565M adequacy formula increase, and $1B property tax relief, directly benefiting Honesdale schools and homeowners. No tax hike, Rainy Day Fund intact. Also includes workforce development and public safety investments. This is a major state-level development with significant local implications.