Wednesday, February 4, 2009

Gov. Rendell Proposes Budget With Significant Cuts

Gov. Rendell today proposed a $26.6 billion General Fund budget that includes $1 billion in budget cuts affecting 80 percent of the line items in the budget and reducing line items, other than education, public welfare, corrections and probation and parole, by 8.8 percent.
There are no general tax increases, but, as expected, taxes were proposed on smokeless tobacco, cigars, legalizing video poker and production from Marcellus Shale natural gas wells. The Governor is also proposing to continue the phase out of the Capital Stock and Franchise Tax.
Gov. Rendell’s 2009-10 proposed budget continues infrastructure investments with $537 million for Rebuild PA projects that includes: $200 million for bridge repairs; $294.5 million for water, sewer, flood control and dam projects; $42.5 million for rail and aviation improvement projects; and another $1.9 billion in base Motor License Funds will be directed to bridge and highway repairs. (Click here for budget proposal.)

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