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Wolf signs 2021-2022 state budget that ‘invests in Pennsylvanians’

Pennsylvania’s $40.8 billion general fund budget was signed into law by Gov. Tom Wolf on Wednesday following approval by the House and Senate last Friday.

The budget includes the largest education funding increase in state history and allocates millions of dollars from Pennsylvania’s share of the American Rescue Plan.

“This is a budget that invests in Pennsylvanians,” said Gov. Wolf. “It is a budget that will help those hit hardest by the pandemic get the support they need, while at the same time making crucial investments in our future by supporting the students and workers who will drive our economy forward in the years to come.”

The plan has been criticized for not committing enough funds to bolster post-pandemic health care throughout Pennsylvania and failing to address the Commonwealth’s corporate net income tax rate– the second highest in the nation.

The budget does not include any of the tax increases proposed by Wolf in his February proposed budget.

Ioannis Pashakis
Ioannis Pashakis is the Central Penn Business Journal's assistant editor. Email him at [email protected].