Gov. Wolf: We Must Continue To Shore Up The State's Rainy Day Fund

On May 3, the Governor's Office issued a statement on April revenues saying--
            This week, the Department of Revenue Announced that April revenues exceeded estimate, continuing a trend that has occurred over the Fiscal Year.  [Year-to-date revenues are now $828.2 over estimates.]
            With stronger revenue growth, Gov. Tom Wolf remained committed to work with legislative leaders to build up budget reserves, and expressed a willingness to discuss using all excess revenue to grow Pennsylvania's Rainy Day Fund, which is among the smallest in the country.
            "Last year, we made the first Rainy Day Fund deposit in more than a decade, and with strong revenue growth, along with legislative leaders I remain committed to saving for our future," said Gov. Wolf.  "After taking care of our mandatory expenses and investments in schools and other critical services, I believe we should even consider putting all surplus revenue in the Rainy Day Fund.
             "We have the opportunity to protect the Commonwealth and taxpayers from future economic downturns and I look forward to engaging with the General Assembly on achieving this shared goal."