Governor Shapiro Signs FY2025-26 Budget, Aims for Pennsylvania's Growth

Governor Shapiro Signs Transformative Budget for Pennsylvania's Future

Governor Shapiro has successfully navigated bipartisan negotiations to enact a fiscal plan that addresses key priorities for Pennsylvanians, fostering economic growth and enhancing public services.

The FY2025-26 budget marks a significant milestone in Shapiro's administration, emphasizing education, workforce development, and economic vitality.

Harrisburg, PA

In a landmark move, Governor Josh Shapiro has signed the FY2025-26 budget into law, setting a course for continued growth and addressing critical issues within Pennsylvania. According to the Governor's prepared remarks, the $50.1 billion budget prioritizes tax cuts and retains a $8 billion Rainy Day Fund, reflecting two years of strategic progress.

Key Investments in Education and Workforce

Significant enhancements in education funding are a hallmark of this budget, with over $900 million allocated for education. This includes a $565 million boost for public school adequacy funding, $105 million for Basic Education, and $40 million for Special Education. Additionally, the budget provides $125 million for school infrastructure and Pre-K teacher rate increases.

The budget also introduces the Working Pennsylvanians Tax Credit, offering $193 million in tax relief aligned with the federal Earned Income Tax Credit.

Strengthening the Workforce and Supporting Vulnerable Populations

Governor Shapiro aims to fortify the workforce with a $25 million initiative for childcare recruitment and a $21 million investment to raise wages for direct care workers. Support extends to seniors with a $10 million increase for local Area Agencies on Aging and $11 million for food assistance programs.

Driving Economic Development

The budget supports economic growth by advancing permitting reform and making strategic investments in small businesses. It ensures Pennsylvania maintains fiscal responsibility with a projected surplus of nearly $8 billion by the end of FY 2025-26.

Lieutenant Governor Austin Davis emphasized, "This budget is a product of compromise and common sense," underscoring its focus on public safety, education, and economic development.

Supporting Law Enforcement and Community Safety

To enhance community safety, the budget funds additional Pennsylvania State Police cadet classes and increases support for the Harrisburg Fire Department. It also boosts the Violence Intervention and Prevention program by 10%, supporting local efforts to reduce crime.

Conclusion

Governor Shapiro's budget positions Pennsylvania for sustained growth, ensuring a competitive and fair Commonwealth for all residents. By focusing on education, tax relief, and economic development, the FY2025-26 budget aims to empower Pennsylvanians and strengthen the state’s future.