Pennsylvania state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Pennsylvania faced a $2.0 billion budget deficit for fiscal year 2009 and an approximately $4.8 billion deficit for fiscal year 2010, according to the Center on Budget and Policy Priorities.[1]
Budget background
- See also: Pennsylvania state budget and finances
Pennsylvania's fiscal year begins July 1 and ends June 30 of the following year. According to the state constitution, every year the governor must present a spending recommendation to the legislature. Agencies prepare budget requests starting in August for the governor to review prior to making his/her own recommendation in February. Between the months of February and June, both the House and the Senate review the budget proposal before finalizing the budget for the upcoming fiscal year. The governor may sign, take no action, veto, or line-item veto an appropriation bill. If the governor signs a bill, it becomes law upon signature. A bill also becomes law if the governor fails to take action on the bill within a time certain.[2]
Budget figures
The following table provides a history of Pennsylvania's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) | % of GDP |
|---|---|---|---|
| 2000 | $75.5[3] | $389.6[3] | 19.3789% |
| 2001 | $80.7[3] | $406.7[3] | 19.8426% |
| 2002 | $85.9[3] | $423.1[3] | 20.3025% |
| 2003 | $90.2[3] | $440.7[3] | 20.4674% |
| 2004 | $94.4[3] | $459.9[3] | 20.5262% |
| 2005 | $101.3[3] | $482.4[3] | 20.9992% |
| 2006 | $104.0[3] | $508.8[3] | 20.4403% |
| 2007 | $107.8[3] | $531.1[3] | 20.2975% |
| 2008 | $111.8[3] | $548.7[3] | 20.3754% |
| 2009 | $116.0*[3] | $547.8*[3] | 21.1756%* |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
See also
Footnotes
- ↑ Center on Budget and Policy Priorities, "State Budget Troubles Worsen," May 18,2009
- ↑ State of Pennsylvania, "The budget process in Pennsylvania," accessed June 1,2009
- ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 US Government Spending, "Pennyslvania State and Local spending," accessed May 31,2009
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