The Pennsylvania House reconvenes today, June 2, and will begin finalizing a budget proposal for the 2014-15 fiscal year. The deadline is the end of this fiscal year which is June 30.
The House will be in session for the vast majority of June to finalize a budget along with other critical legislative priorities, says State Rep. Jim Cox (R-129)
According to the Independent Fiscal Office, year-over-year revenue is actually up, with Personal Income Tax up roughly 5 percent over last year.
Cox says this is indicative of continuing employment gains and a growing economy throughout the Commonwealth.
He points out however that revenue growth overall has fallen far short of expectations, leaving a more than $1 billion budget gap between estimated and actual revenues.
Cox says the full report is in the PDF file at this link.
Comments by legislators about the budget can be heard at http://www.youtube.com/user/PABudgetNews