(Gov Wolf signing the Budget, Photo Courtesy of Pa Media Services)
By MARC LEVY Associated Press
HARRISBURG, Pa. (AP) — Gov. Tom Wolf and lawmakers have wrapped up a budget package nearly two weeks late, approving billions of dollars in new spending, tax breaks for businesses and substantial sums for public schools. The package caps the eighth and final budget for the Democratic governor. Pennsylvania is in its best fiscal position in years, with the state treasury benefiting from federal coronavirus subsidies. Wolf secured big new subsidies for public schools, perhaps his top priority as governor. Pennsylvanians won’t see a cut in income or sales taxes. But Wolf and lawmakers are cutting the corporate net income tax rate, one of the nation’s highest.