For Immediate Release
June 28, 2019
HARRISBURG - Pennsylvania Chamber of Business and Industry President and CEO Gene Barr issued the following statement regarding the recently finalized 2019-20 state budget:
“From the very beginning, this year’s budget process focused on bipartisan collaboration. Stronger than anticipated revenue collections over the last 12 months – thanks in large part to the 2017 federal tax reforms that helped to jumpstart the economy – also played a large role in securing an on-time budget. We commend lawmakers and Governor Wolf for working across party lines to finalize a spending plan that doesn’t include any broad-based tax increases; responsibly puts additional surplus revenues in the Rainy Day Fund to help the state better withstand future economic downturns; and makes smart investments in key education and workforce development priorities including the Educational Improvement Tax Credit program and Career and Technical Education.
“We urge the legislature and the Wolf administration to build on this momentum and work together to enact pro-growth policies that will put the Commonwealth on a continued prosperous path. Constructive dialogue continues to be held in regard to addressing the state’s workforce issues. An additional focus on regulatory reform, as well as much needed updates to the state’s Tax Code, will send a strong message to job creators that Pennsylvania is open for business and a prime location for future investment. We look forward to working with elected officials on these and other important policy issues that will help to foster economic growth in the Fiscal Year that lies ahead.”
The Pennsylvania Chamber of Business and Industry is the state's largest broad-based business association, with its statewide membership comprising businesses of all sizes and across all industry sectors. The PA Chamber is The Statewide Voice of BusinessTM.