Pa. GOP leaders: Limit spending despite strong revenues

Tony Romeo
May 01, 2019 - 1:23 pm
Pennsylvania Capitol Building in Harrisburg.

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HARRISBURG, Pa. (KYW Newsradio) — Pennsylvania finds itself in a position it hasn’t seen for quite some time: flush with cash. But leaders of the Republican-controlled legislature say they think the extra money should be put away for a rainy day. 

With two months left in the current fiscal year, Pennsylvania’s revenues are running $828 million, or almost 3%, above projections. Leaders of the legislature's GOP majority are taking a victory lap, claiming their resolve to hold the line on spending and taxes has helped create the current bonanza. And Senate Majority Leader Jake Corman says they intend to stay the course.

"Certainly, a lot of people in this building and outside this building will come to this building and say, 'You know what? Now that you have money, you need to spend it on this, you need to spend it on that.' ... And that certainly will be the temptation," Corman said. "But ... I will caution everyone that we are still about 48th or 49th in the nation in reserves."

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Corman says Republican legislative leaders still want to spend less than Democratic Gov. Tom Wolf has proposed, in order to increase those reserves. When asked for comment, a spokesman for the governor said only that Wolf is "proud of the collaborative work done with the General Assembly to balance the budget."