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HB 243PENNSYLVANIASession 2025-2026State Billin committee

Pennsylvania Bill Requires Seven-Year Financial Statements for State Funds in Annual Budget

Original title: An Act amending the act of April 9, 1929 (P.L.177, No.175), known as The Administrative Code of 1929, in Commonwealth budget procedures, further providing for submission of budget to General Assembly.

Last action · January 22, 2025: Referred to APPROPRIATIONS, Jan. 22, 2025Sponsors: GROVE and 8 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

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What This Bill Would Do

Pennsylvania state budget submissions must now include comprehensive seven-year financial statements covering active Commonwealth funds, effective 60 days after enactment.

Why it matters

Extends the financial forecasting window for state funds to four subsequent fiscal years alongside historical and current accounting data, changing how long-term state spending is presented to the General Assembly.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

General Assembly

Receives expanded seven-year financial statements alongside the annual state budget submission.

Directly affected

Commonwealth Agencies

Must provide extended accounting and multi-year estimates for active funds managed within their purview.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What time period does the new financial statement cover?

It covers a seven-year span: one prior fiscal year, the current fiscal year, the proposed budget year, and four subsequent fiscal years.

Which funds are affected by this requirement?

All active Commonwealth funds, including special funds classified as government funds, , or .

What else do you want to know?

News Coverage

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

1 action

Jan 22, 2025HouseCommittee
Referred to APPROPRIATIONS, Jan. 22, 2025

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Related Legislation

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Connected Entities

The Administrative Code of 1929, General Assembly

otherThe Administrative Code of 1929“The statute being amended by this bill.”Map →

OrganizationGeneral Assembly“The legislative body receiving the state budget.”Map →

Sources

Open source document

www.palegis.us

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level

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