COMPREHENSIVE ANNUAL DECEMBER 31, 2018 FOR THE YEAR ENDED FINANCIAL REPORT
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On November 12, 2025, Pennsylvania Governor signed Act 1-A, the General Appropriation Act of 2025, authorizing total appropriations of $103.7 billion across all funds, including $98.5 billion in General Fund appropriations (comprising $49.4 billion in state funds and $49 billion in federal funds). The notification specifies expenditure symbols, amounts, and character codes for all approved appropriations across multiple fund categories including the State Lottery Fund, Motor License Fund, PENNVEST Water and Drinking Water Revolving Funds, and various other designated funds, with 2024-25 supplemental appropriations also included.
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Penn Township's financial statements for the year ended December 31, 2017 include an independent auditor's report and comprehensive financial documentation using the modified cash basis of accounting. The statements encompass governmental activities, business-type activities, and fiduciary funds, along with budgetary comparisons and supplementary information for various funds including the General Fund, Water and Sewer Fund, State Liquid Fuels Fund, Storm Water Management Fund, and Capital Improvements Fund. The audited financial statements present the Township's net position, activities, fund balances, and changes in fund net positions across all operational and proprietary funds for the fiscal year.
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- Budget
Governor Wolf's 2026-27 budget proposal, presented February 3, 2026, emphasizes his administration's economic and fiscal accomplishments over three years, including historic education investments, seven tax cuts totaling $193 million in new tax credits for working Pennsylvanians, and two credit rating upgrades that saved over $200 million in borrowing costs. The budget reflects a focus on delivering results across education, public safety, job creation, and government efficiency, including elimination of permitting backlogs and reduction of licensing times by 75 percent. The governor presents this balanced budget as evidence of responsible fiscal management while maintaining investments in core services for Pennsylvania residents.
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