Pennsylvania Business Report -

Credit: Gov. Shapiro's office

Gov. Shapiro taps Rainy Day Fund to balance $53B proposed budget for next fiscal year

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By Tracy Rozens | February 3, 2026

Pennsylvania Gov. Josh Shapiro on Tuesday unveiled a $53.3 billion budget proposal for Fiscal Year 2026-27 that relies on taking $4.6 billion out of the state’s Rainy Day Fund for emergencies and on revenues that may not materialize. The budget plan represents an increase of $2.72 billion, or 5.4%, over the current fiscal year. Shapiro’s budget proposal includes approximately $2 billion in revenues from taxing skill games and legalizing recreational marijuana – initiatives that previousl...

Pennsylvania Business Report

Gov. Shapiro taps Rainy Day Fund to balance $53B proposed budget for next fiscal year

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