HB 601 Pennsylvania House · 2025-2026 Regular Session

A Joint Resolution proposing integrated amendments to the Constitution of the Commonwealth of Pennsylvania, changing the Commonwealth's fiscal period from one year to two years.

This bill proposes changing Pennsylvania's fiscal calendar from annual to biennial (two-year) cycles by amending the state constitution. It requires the Governor to submit a two-year operating budget and capital budget instead of annual versions, and mandates a five-year financial plan covering two-year periods. Key provisions include updating debt limits and repayment rules to align with the new two-year fiscal periods, such as modifying how surplus funds are appropriated and how tax anticipation notes mature. The change directly affects state budgeting processes, the Governor's budget submissions, and the General Assembly's appropriations decisions.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 12, 2025 Last action Feb 12, 2025
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Total actions
1
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0
Committee
1
Feb 12, 2025
Committee
Referred to Appropriations
lower
1 primary · 11 co-sponsors

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