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Pennsylvania state budget (2010-2011)

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Note: This article was last updated in 2011. Click here for more recent information on state budgets and finances.

Pennsylvania's legislature passed its $28.05 billion FY2011 budget on June 30, 2010.[1][2] Gov. Ed Rendell Gov. Rendell signed the budget into law on July 6, 2010.[3] The state faced a deficit of up to $4 billion for the FY2012 state budget at the end of 2010.[4]Pennsylvania had a total state debt of $41,844,487,003 when calculated by adding the total of outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap as of July 2010.[5]Three months into FY2011, Pennsylvania's overall general fund revenue was running $76 million above projections.[6]


2011 State spending & deficit in billions[7]
Total spending Pension Healthcare Education Welfare Protection Transport Debt
$68.9 $6.9 $20.2 $11 $9.4 $3.5 $8.3 $47.4
2011 Local spending & deficit in billions[7]
Total spending Pension Healthcare Education Welfare Protection Transport Debt
$74.1 $1.3 $4.0 $25.2 $5.8 $5.9 $5.5 $102.8

Fiscal Year 2011 State Budget

See also: Archived Pennsylvania state budgets

Find the state’s FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government online.[8]

In Dec. 2010, the National Conference of State Legislatures said that the state faced a midyear shortfall of $276.2 million, which represented 0.2% of the FY2011 state budget.[9]The Senate voted in favor of the $24 billion FY2011 budget 37-13. Then the House passed the budget with a 117-84 vote.[1]

Budget background

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.[10]

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[11] $389.6[11] 19.3789%
2001 $80.7[11] $406.7[11] 19.8426%
2002 $85.9[11] $423.1[11] 20.3025%
2003 $90.2[11] $440.7[11] 20.4674%
2004 $94.4[11] $459.9[11] 20.5262%
2005 $101.3[11] $482.4[11] 20.9992%
2006 $104.0[11] $508.8[11] 20.4403%
2007 $107.8[11] $531.1[11] 20.2975%
2008 $111.8[11] $548.7[11] 20.3754%
2009 $116.0*[11] $547.8*[11] 21.1756%*

Accounting principles

Pennsylvania Auditor General had been the commonwealth's fiscal watchdog since 1809, when it was created by an act of the General Assembly. The auditor general was appointed by the governor until 1850 when the position became an elected office. State and local audit reports were published online. Jack Wagner was elected Auditor General in 2004 and re-elected in 2008.[12][13]

The Pennsylvania Office of the Budget published a Comprehensive Annual Financial Report (CAFR) each year. The Office of the Budget was authorized by the Administrative Code of 1929; it was under the direct supervision of the Secretary of the Budget, who reports to the Governor. Anna Maria Kiehl had been Chief Accounting Officer for Office of the Budget since December of 2007 and Mary A. Soderberg had been Secretary Office of the Budget since her appointment in July of 2008.[14] [15]

Credit Rating Fitch Moody's S&P
Pennsylvania[16] AA Aa2 AA
Main article: Pennsylvania Spending Transparency and Pennsylvania government accounting principles

See also

Footnotes

  1. ↑ 1.0 1.1 The Pittsburgh Post-Gazette "State budget passed -- and on time" July 1, 2010
  2. ↑ The Standard-Journal "Budget process won’t be smooth" April 17, 2010
  3. ↑ The Philadelphia Inquirer "Pa. budget awaits votes on two bills" July 2, 2010
  4. ↑ The Scranton Times-Tribune "Revenue stop was big challenge for Pennsylvania budget" Dec. 20, 2010
  5. ↑ State Budget Solutions “States Hide Trillions in Debt” July 22, 2010
  6. ↑ Businessweek "Pa. budget collections beat expectations in Sept." Oct. 1, 2010
  7. ↑ 7.0 7.1 USA Spending, State Guesstimated* Government Spending
  8. ↑ FY2011 CAFR
  9. ↑ The Wall Street Journal “States Face Budget Shortfalls of $26.7 Billion“ Dec. 8, 2010
  10. ↑ State of Pennsylvania, "The budget process in Pennsylvania," accessed June 1, 2009 (dead link)
  11. ↑ 11.00 11.01 11.02 11.03 11.04 11.05 11.06 11.07 11.08 11.09 11.10 11.11 11.12 11.13 11.14 11.15 11.16 11.17 11.18 11.19 US Government Spending, "Pennyslvania State and Local spending," accessed May 31,2009
  12. ↑ Department of the Auditor General Web site, accessed November 9, 2009
  13. ↑ audits reports
  14. ↑ Pennsylvania Office of the Budget Web site, accessed November 9, 2009
  15. ↑ CAFRs
  16. ↑ State of Indiana, “State Credit Ratings-as of June 24, 2009"
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