Legislature sits on $118 million surplus

Legislature sits on $118 million surplus

As of June 30, 2016, the Pennsylvania General Assembly sat on a funding reserve of $118 million, a report from an independent auditor released Monday morning states.

 

The audit, performed by accounting firm Boyer & Ritter of Camp Hill for the price of $172,500 and accepted by the Legislative Audit Advisory Commission (LAAC) Monday shows that the legislative surplus—oft the aim of criticism over legislative transparency and money-hoarding—was down from the surplus of $126 million reported as of June 30, 2015, and nearly $90 million less than the surplus was just a decade ago.

Monday, March 20, 2017/Author: Jason Gottesman
Categories: News and Views
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