Pennsylvania Still Has $2.2 Billion in Stimulus Money — Does the State Plan to Send Residents Checks?

Pennsylvania Democrats Defending Choice Rally, Philadelphia, Pennsylvania, USA - 06 May 2022
Joseph Kaczmarek / Shutterstock.com

The Pennsylvania state legislature is currently exploring a new budget in time for the June 30 deadline. And new legislation could mean extra money in the bank accounts of Pennsylvania residents.

Discover: 6 Signs You Can’t Afford To Retire
More: 20 Best Places To Live on Only a Social Security Check

The state has $2.2 billion left in stimulus funds to spend, along with $4.9 billion in surplus tax revenue, according to SpotlightPA.org, and politicians on both sides are supporting several proposals to spend the funds in a variety of ways.

Amongst the proposals is Governor Tom Wolf’s suggestion to send $2,000 stimulus checks to some state residents. The PA Opportunity Program would put $500 million of the excess American Rescue Plan Act money toward helping families with household incomes under $80,000.

However, according to local news site WGAL.com, many Republicans are critical of that plan, saying it could worsen inflation.

Another proposal would offer grants to homeowners and landlords to make home renovations on dilapidated properties. The Whole Homes Repair Fund, which Republicans support, would help fix homes in the Coal Region before they collapse, ultimately saving the state tax dollars.

Make Your Money Work for You

Other projects and program on the table for funding include higher education, paid family leave, and K-12 education and infrastructure, including school repairs. Both Republicans and Democrats voiced their support of putting money toward environmental efforts, including clean water projects, land preservation, state park repairs, and Chesapeake Bay clean-up efforts.

POLL: Are You Concerned That Social Security Benefits Will Be Reduced During Your Lifetime?
Live Updates: Child Tax Credit, Inflation, and More Economic News

House Appropriations Committee Chair Stan Saylor said the state will take care of the Susquehanna River basin pollution issue this year, as well.

More From GOBankingRates

About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.

Best Bank Accounts of July 2022

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.