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04/22/2021 11:28 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20190&cosponId=30455
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House Co-Sponsorship Memoranda

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House of Representatives
Session of 2019 - 2020 Regular Session

MEMORANDUM

Posted: October 3, 2019 09:45 AM
From: Representative Kerry A. Benninghoff
To: All House members
Subject: Depositing Sale of Commonwealth Assets into the Rainy Day Fund
 
I, like many of you, want to see responsible budgeting and planning become standard practice in Harrisburg, which means building upon the success of this year’s budget with additional deposits in the state’s Rainy Day Fund. One way to do that consistently is to identify and automatically deposit specific sources of non-recurring revenue into the fund.

This legislation would direct all money received from the sale of Commonwealth assets, which would otherwise be deposited in the General Fund, into the Rainy Day Fund. This would include the sale of real property and surplus property.

Please join me in cosponsoring this important proposal, which would help the Commonwealth stay on track preventing the need for tax increases and planning for the needs of the future.



Introduced as HB1928