Pennsylvania Business Report

PA Republicans, business group tout tax breaks in newly signed budget

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By Kim Riley  |  July 13, 2026

Pennsylvania Senate Republicans are claiming victory after Gov. Josh Shapiro signed the state's $50.85 billion budget for fiscal year 2026-27 on Sunday, saying they reshaped the governor's original spending proposal into a plan that protects taxpayers while preserving the commonwealth's financial reserves. The budget, which increases state spending by 3.7 percent over last year, contains no tax increases or new revenue sources, and leaves the state's $8 billion Rainy Day Fund untouched. â€...

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