Two of Pennsylvania’s most respected economic analysts offered muddy expectations of future revenue estimates on Monday. Acting Revenue Secretary Pat Browne sat before the Senate Appropriations Committee – on which he served as majority chairman for nearly a decade before joining Gov. Josh Shapiro’s administration – to discuss how to spend the $50 billion in the state’s bank account at the end of the fiscal year on June 30. The total, including $42.2 billion in recurring revenues and $5.7 billion in rainy day funds, would cover Shapiro’s $44.3 billion spending plan that infuses significant investments into public education, public safety and workforce development.
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