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Pennsylvania Governor Tom Wolf passed a $2,000 relief check to help residents with prices at grocery stores and gas stations.
Wolf Pa Stimulus
On Friday, Wolf came to Allegheny County to call on the Republican-led State Assembly to pass the PA Opportunity program, which provides $2,000 payments to households making less than $80,000 a year. If accepted, the program is expected to receive 250,000 applicants at a cost of approximately $500 million.
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"We have these funds. It's unfair to withhold them from taxpayers," the governor tweeted. Wolf noted that the state budget has 15 billion dollars.
The program was included as part of Wolff's budget proposal in February, but was dropped during negotiations. He is now urging state lawmakers to act on inflation relief.
Pennsylvania Governor Tom Wolf addresses supporters at a campaign rally on September 21, 2018 in Philadelphia, Pennsylvania. The PA Wolf Opportunity Program provides $2,000 in payments to households earning less than $80,000 per year. Mark Makela/Stringer
"This money is life-changing for families in communities across the commonwealth, providing a much-needed buffer against artificial and temporary price increases caused by inflation," Wolf said in a statement Friday. “Let's put that money in the pockets of Pennsylvanians to help defray the cost of gas, groceries and more.
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Pennsylvania Republicans rejected Wolf's proposal, arguing that the relief payments would worsen inflation and increase consumer spending. Wolff denied the claim, saying the program was highly tailored and the fees were so low that they were less than one-tenth of the country's GDP.
While the U.S. inflation rate has started to decline since peaking at 9.1 percent in June, it is the highest rate in 40 years as Americans head to the polls in November.
A survey released this month by the Kaiser Family Foundation found that nearly 75 percent of voters said inflation and high gas prices were their top election issues.
While Wolff's plan in Pennsylvania remains unclear, other states have begun considering relief for residents. In California, some are seeing tax refunds of up to $1,050, while in Illinois, about 6.2 million taxpayers have until Sept. 12 to pay.
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Next month, Alaska residents will receive a direct payment of $3,200 approved as part of the state's annual budget.
"This budget is more than a spending plan, it's a plan for Alaska's future," said Republican Gov. Mike Dunleavy. "Budgets should reflect the values and ambitions of the people for whom they are drawn up, and I believe this legislation can be implemented."
While the payout is the second largest in Alaska history, it still falls short of the $5,500 first payment approved by the state Senate. Government House is not included. Tom Wolf is joined by local leaders to highlight the strong finances of the Commonwealth of Pennsylvania and call for major investments to provide a brighter future for Pennsylvania families, workers and businesses.
"The Commonwealth of Pennsylvania is in a strong financial position right now. That's why it's so important to take advantage of this opportunity to help the people of Pennsylvania," said Governor Wolf. "Commonwealth nations are still recovering from the COVID-19 pandemic. Inflation is high and everything from food to gas is more expensive than before.
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"Now is the time more than ever to invest in helping all Pennsylvanians get back on their feet to make life easier. That's why I'm calling for action and big investments.
Over the past seven years, the Wolf administration has repaired Pennsylvania's shaky finances through sound fiscal management and smart investments.
When Governor Wolf took office, Pennsylvania was operating with a structural deficit of $2-3 billion, and the Rainy Day Fund was down to just $231,800.
Today, the Rainy Day Fund includes $2.8 billion to protect Pennsylvania from future emergencies, and Governor Wolf is expected to carry over billions of dollars in budget surpluses to the next administration. Governor Wolf will be the first person to leave office with a budget surplus since Dick Thornburg in 1987.
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The budget plan is balanced based on general fund revenues. Pennsylvania has shown a steady increase in tax revenue over the past seven years, from $1.3 billion to $1.4 billion a year, while revenue continues to show healthy growth.
The Department of Revenue on Tuesday released the February 2022 collection, which was 6.8 percent higher than expected. General fund collections for the fiscal year were $28.6 billion, $2 billion, or 7.5 percent, higher than projected.
"My plan to invest in the people of Pennsylvania is bold and responsible," the governor said. Wolf. "Contrary to what the fiscal scaremongers claim, my plan depends only on available, recurring revenue, not a one-time funding source. Even if my plan is implemented on time, Pennsylvania will still have a surplus of more than $3 billion. 2 that will remain in the rainy day fund at the end of the year. .8 billion dollars above and beyond.
Governor Wolf's 2022-23 plan calls for major investments in schools, the workforce, the economy and more.
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Governor Wolf has made education a priority during his administration, including historic investments in schools and students. The plan builds on a strong foundation and will provide an additional $1.9 billion in pre-college benefits to students, including a $1.55 billion increase in basic education funding.
This investment gives the school the resources it needs to provide its students with a world-class education, while reducing the burden on local communities. It also helps local governments reduce their reliance on local property taxes.
"Smart investments are not a burden on taxpayers," said Governor Wolf. "They're paying for a better future for all of us. Smart investments that help Pennsylvanians thrive now can reduce costs for taxpayers in the future. Education is a prime example.
"Pennsylvania now has an opportunity to invest in things that will make the commonwealth a better place to live, learn and work. We must seize this opportunity.
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Governor Wolf was joined by Phoenixville Mayor Peter Urscheler, Department of Revenue Secretary Dan Hassell, Representative Daniel Otten and Representative Melissa Schusterman to discuss how the state's strong finances will give lawmakers the resources they need to make life-changing investments for Pennsylvanians.
"In Phoenixville, we understand the importance of smart investment and sound fiscal management," said Mayor Urscheler. "The same principles established by the Wolf administration have helped secure Pennsylvania's financial future. We thank Wolf for coming to our Borough and for his continued support of revitalization.
"Our commonwealth is in a stronger fiscal position than it was two years ago when the pandemic hit Pennsylvania's economy," said Sec. Hassel said. "Revenue collections are strong thanks to Governor Wolf's strong administration and stimulus funds flowing into Pennsylvania from the federal government. Economists expect our economic recovery to continue, giving us time to make the historic investments requested in the budget proposal.
"We entered the final budget season of Wolf's term in a strong financial position, with a historic surplus of state revenues that will allow us to address the urgent needs of the Commonwealth without raising taxes or draining the rainy day fund," said Rep. Otten. . "The General Assembly has the opportunity and responsibility to improve the lives of Pennsylvanians this year, and I support the call for major investments in education, our workforce and our economy. We will continue to fight for a final budget that Pennsylvanians are fighting for today and makes investments in our commonwealth's future essential."
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"Through Wolff's leadership, Pennsylvania is recovering from the pandemic in an economically strong place," said Rep. Shusterman. "Responsible budgeting leads to significant budget surpluses as well as state savings. Now is the time to take advantage of the state's strong financial position to invest in Pennsylvania by funding working families and supporting small businesses."
"We have a unique opportunity in Pennsylvania to invest in and uplift our communities, families and citizens," Sen said. "This includes investing in preserving and protecting the environment and natural resources, supporting and engaging students in and out of the classroom, improving mental and health services, and building economic and workforce programs to create a better, brighter, healthier and more prosperous Pennsylvania for all Pennsylvanians." the future.
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