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General Fund Budget Update

July 14, 2026 | Revenue Estimates

Release thumbnail - General Fund Budget Update - 2026-07-14

This budget brief updates the General Fund financial statement for the FY 2026-27 enacted budget.

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Revenue Estimates
Revenue & Economic Update
Performance Budgeting
Energy
Pension Analysis
Property Tax
Wage Contracts
Tax Credit Review
Economics and Other

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(Jul 14) - opens in a new tab IFO updates General Fund financial statement for the enacted budget. Double cycle roll for some DHS programs yields $2.6 billion in one-time savings and preserves the Rainy Day Fund. See: ifo.state.pa.us/Resources/Docu… pic.x.com/TGXJk9qTT7
(Jul 06) - opens in a new tab June Pennie enrollment down 8% (-39,100) from prior year as enhanced subsidies expire. See: ifo.state.pa.us/Resources/Docu… pic.x.com/KXkotrFp1J
(Jul 01) - opens in a new tab For FY 26-27, the proposed elimination of GRT on electricity sales reduces General Fund tax revenues by $1.4 billion and the average residential bill by $143. See: ifo.state.pa.us/Resources/Docu… pic.x.com/6x9bCV9rLI

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