Lawmakers have agreed on a new state budget for this fiscal year.
The $45.2 billion budget received overwhelming support in the state Senate passing 47-3.
“As Senate Finance Committee Chairman, I am pleased to have played a major role in enacting some key pro-growth, pro-jobs tax policies as part of the budget process. We are making Pennsylvania much more competitive to attract and retain both small businesses and large businesses, goals I have pursued since my first election,” State Senator Scott Hutchinson said.
There are no new tax increases for residents, and the corporate net income tax was lessened.
“We made an historic cut in one of our major employer taxes, the Corporate Net Income Tax, that’s going to make us more competitive with other states, particularly in the northeast, so we can attract family-sustaining jobs to our commonwealth,” State Senator Joe Pittman said.
There’s also significant funding heading to counties to help with their election departments.
Lawmakers say there was a big increase in funding for public education.
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