Pennsylvania state budget (2011-2012)

Note: This article was last updated in 2012. Click here for more recent information on state budgets and finances.

A mortgage foreclosure settlement between banks and states was announced in February 2012, with Pennsylvania receiving approximately $69 million. The administration said some of its $69 million may be used to offset $2 billion in cuts to programs made earlier in the fiscal year.

Passed budget

Gov. Tom Corbett signed the budget on June 30, 2011.

The fiscal year 2012 budget reduced spending by three percent from fiscal year 2011. The budget did not include any tax increases.

In January 2012, the governor cut spending from the budget by $160 million. Tax revenue shortfall had reached $487 million at the end of December.

The House approved the budget with a 109-92 vote on June 29, 2011. The Senate passed it the day before. Approximately $200 million of the fiscal year 2012 budget came from fiscal year 2011's surplus and revenues that had outpaced projections by some $700 million.

Legislative proposed budget

On June 28, 2011, the Senate passed a $27.1 billion state budget with a party-line vote of 30-20 and sent it to the House. The budget spent three percent less than the state spent in fiscal year 2011, marking the first budget decrease since 2001. Under the budget, higher education funds would be cut by 18 to 19 percent.

Governor's proposed budget

Gov. Corbett introduced his $27.3 billion proposed budget for fiscal year 2012 on March 8, 2011. At the time, Pennsylvania faced a projected $4 billion budget shortfall. To address that, Corbett planned to cut spending by $866 million, returning spending to 2008-2009 levels, prior to the budget plans that included several billion in federal stimulus funding. The proposed budget did not raise taxes.