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In this Update:
- 2023 Accomplishments: Public Safety
- Healthy Rainy Day Fund Cushions Against Hard Times
- Property Tax/Rent Rebate Program Now Serves More People
- Free FAFSA Workshops Across PA
I was glad to join the recent ceremonial groundbreaking for the latest U-Haul location in Hershey. Always great to see new businesses providing an important service opening in our community!
2023 Accomplishments: Public Safety
The men and women of law enforcement and emergency response work hard to keep us safe. As their jobs become even more difficult, they need our support.
Last year, we passed legislation to combat different forms of theft. We have new laws that target looting and organized retail theft by increasing penalties and crack down on “porch pirating” by setting penalties for theft of mail, which includes a package, bag or letter.
Measures were also passed to prevent the exploitation of older Pennsylvanians and update 911 funding to meet the expanding cost of services so help is available when Pennsylvanians face emergencies. An additional $20 million was designated for county mental health programs. Ensuring safe communities is among the Senate Republican priorities to protect jobs, empower families and defend freedoms.
Healthy Rainy Day Fund Cushions Against Hard Times
As of the beginning of January, the state’s Rainy Day Fund sits at a record high of $6.1 billion thanks to prudent decisions the Senate made in the past three years. Most recently, we deposited $900 million as part of the current state budget. While others wanted to spend the money on growing the size of government, we prioritized smart saving so we would have a cushion when more challenging economic conditions and revenue forecasts inevitably return, and thereby avoid increasing tax rates during a downturn.
To build on the benefits of smart budgeting, Pennsylvania Treasurer Stacy Garrity announced a new investment pool specifically for the Rainy Day Fund. It’s designed to earn even better returns while continuing to ensure that money will be available when needed.
A strong Rainy Day Fund offers more than just a financial buffer. Because of the state’s healthy nest egg, Pennsylvania received rating improvements from three rating agencies: Moody’s, S&P and Fitch. The better ratings help Pennsylvania taxpayers by reducing the cost of borrowing for the state.
Property Tax/Rent Rebate Program Now Serves More People
Financial relief is available to more people than ever through the Pennsylvania Property Tax/Rent Rebate (PTRR) Program, which supports homeowners and renters across the commonwealth using gaming and Pennsylvania Lottery proceeds.
New this year, the income cap increased to $45,000 for both homeowners and renters. Only half of an applicant’s Social Security income is included in the calculations for eligibility. Starting this year, income caps are tied to the annual cost-of-living increases. Additionally, the maximum standard rebate on property taxes or rent paid increased to $1,000. The program is open to state residents 65 and older, widows and widowers 50 or older, or anyone age 18 and over who is 100% disabled.
My office can provide free PTRR application assistance to residents. If interested, please call my office to schedule an appointment and bring all proof of income, your ID and a voided check if you wish to have the rebate direct deposited. In addition, property owners must have paid property taxes stamped or signed by the tax collector. Renters must have a rent certificate filled out and signed by their landlord.
Free FAFSA Workshops Across PA
The Free Application for Federal Student Aid (FAFSA) underwent changes resulting from the FAFSA Simplification Act, a federal law intended to streamline the financial aid application process.
Filing the FAFSA online is the first step for students and families to determine if they qualify for a Federal Pell Grant, Pennsylvania State Grant, scholarships, institutional awards and federal student loans.
Because of the changes, free FAFSA workshops are being held across the state. Find one near you.
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