A STABLE FINANCIAL FUTURE FOR PENNSYLVANIA

Balancing the Budget with Reduced Spending

• Governor Corbett is committed to running a state government that lives within its means, putting an end to out-of-control and unsustainable spending and borrowing.

• Since coming into office, Governor Corbett has signed two on-time budgets without raising taxes.

• The Governor overcame $4.2 billion and $1 billion deficits by controlling state spending.

• The typical Pennsylvania family would have had to pay an additional $1200 in taxes over the past two years if the Governor had raised income taxes to close the state deficit instead of controlling spending.

Protecting Taxpayer Dollars

• Since 2011, the Governor has reduced state administrative spending by 6%.

• The Governor’s Public-Private Partnerships effort clears the way for private industry to invest in our roadways and transportation infrastructure.

• The Governor achieved Property Tax Relief, limiting the circumstances by which a school district can increase property taxes without a referendum approval by voters.

• Governor Corbett reformed our Criminal Justice System, making the system more efficient and effective.

• Governor Corbett has reduced the state vehicle fleet by more than 1,400 cars.

• The Governor has reduced filled staffing levels in state government by 1,400 positions, or nearly 2 percent, for an annual savings of $105 million.

• Governor Corbett has reduced employee travel costs by $2 million through more oversight and fiscal management.

• The Governor successfully negotiated contracts with Pennsylvania’s two largest state employee unions that save taxpayers $415 million.

• Welfare reforms making the public assistance more effective and efficient by ensuring waste, fraud, and abuse is eliminated.

• The Governor enhanced accessibility to information on state spending through PennWATCH, which creates an online database of all state spending information.

• Since taking office, Governor Corbett has abolished Walking Around Money (WAMs) for legislators.

Phasing out Job Killing Taxes

• The Governor continues to phase out the job-killing capital stock and franchise tax, a needless tax that penalizes companies for what they don’t sell.

• The Governor eliminated the Inheritance Tax on farms, protecting Pennsylvania’s family farms.