PA revenue collections have soared to a healthy surplus, thanks in part to Republican economic policies that have focused on holding down spending and rejecting proposed tax increases, according to Senate Republican leaders. At a news conference today at the state capitol, Senate President Pro Tempore Joe Scarnati (R-25), Senate Majority Leader Jake Corman (R-34) and Senate Appropriations Committee Chairman Pat Browne (R-16) said Republicans’ commitment to fiscal restraint, rather than supporting massive spending increases and higher taxes proposed by the governor, has improved Pennsylvania’s financial position and kept more money in taxpayers’ pockets.
Senate President Pro Tempore Joe Scarnati (R-25): “The Republican Legislature in Pennsylvania has stood together to prevent the massive tax increases of Governor Wolf and previously of Governor Rendell from becoming reality. These strong revenue numbers that we now see are a true testament to our longstanding goal of fiscal responsibility. The key to the future success of our Commonwealth is continuing to create a robust economy that allows increased job opportunities and growth, while also doing all that we can to protect hardworking taxpayers.”
Senate Majority Leader Jake Corman (R-34): “Under Republican leadership, Pennsylvania has weathered a fiscal storm of recent years and we are now reaping the rewards of those efforts. Today, as we have revenue collections that are more than $800 million over estimate, we remain committed to maintain those fiscal policies that have gotten us to this point. Just because the economy is flourishing under Republican economic policies, we do not believe it gives us a blank check to spend taxpayer dollars carelessly. We remain steadfast in our commitment to fiscal restraint including holding the line on spending while fending off proposed tax increases.”
Senate Appropriations Chair Pat Browne (R-16): “The Commonwealth’s current financial position is stronger than it’s been in a decade. Thanks in large part to years of financial discipline by the General Assembly along with improvements in the state’s economy, we are able to project, assuming historic spending trends, positive fiscal balance for the current and foreseeable future years. However, given the past challenges the state has faced and the potential for an economic downturn in the future, it is critical that we remain vigilant when setting a spending number this year and that we consider the financial disaster the Commonwealth would face if we deplete all of our reserves and actual revenues again fail to outperform projections.”