Jul. 08, 2022
-- Following House passage of the 2022-23 Pennsylvania state budget, Rep. Tim Twardzik (R-Schuylkill) provided the following statement applauding the $225 million in funding to expand affordable housing and target blight remediation.
“It has been a top focus and priority to combat the growing blight problem for my constituents in the 123rd District,” said Twardzik. “This state budget strengthens the communities in which Pennsylvania families live by allocating $225 million in federal funds to expand affordable housing and target blight remediation. It is a true success to see this funding go to an issue that hits so close to home. I know this is going to greatly improve the communities in our area.”
Additionally, this state budget reflects the fiscal realities of today and tomorrow, using General Fund dollars and federal relief funds to return taxpayer investment through tax cuts and credits, while also investing in targeted growth areas to:
Support core government services.
Invest in infrastructure.
Fund safe communities.
Care for the most vulnerable, all while saving for the future and returning taxpayer investments.
“We are allocating and saving money in this budget. It's the best compromise to move the state forward from a difficult pandemic,” added Twardzik.
In addition to substantial blight remediation funding, this year’s state budget is providing relief for vulnerable Pennsylvanians and job creators, large and small. Small business tax relief will help smaller job creators as they continue recovering from the COVID-19 pandemic by expanding expense deductions to help and encourage businesses to buy equipment and invest and grow in Pennsylvania. Additionally, small businesses will be allowed to defer or carry forward tax liabilities on gains from similar property exchanges – as allowed in 49 other states.
The 2022-23 state budget also will pay back more than $2 billion worth of debt previously incurred, including:
$1.7 billion to bring Medicaid payments to timely payments.
$350 million repaid to the Workers’ Compensation Security Fund.
Approximately $42 million to pay off outstanding debt in the Unemployment Compensation Trust Fund, saving small businesses from a tax increase.
Additional information concerning the 2022-23 state budget can be found by visiting pahousegop.com/statebudget