The Pennsylvania State Budget
In February, Pennsylvania governor Edward G. Rendell presented his annual budget proposal for fiscal year 2004–05. Only about half of the state’s revenues are available for discretionary appropriations; the rest are subject to spending restrictions. For example, dollars from the motor license fund and other special funds have specific, predetermined uses. Most federal funds are also restricted, but some of those earmarked for social welfare improvement are not associated with specific programs and can be allocated by the state legislature.
Suggested citation: "The Pennsylvania State Budget," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-05, pp. 14, 05.01.2004.