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 Inactive PA Corporate Net Income Report RCT 101 I FormsPublications 2021

Rct 101 I 2021-2025 Form

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[Music] Matthew n director of Pennsylvania's independent fiscal office you put out a report about the state's finances but first let's talk about the sources the state pays its bills from uh let's start with the general fund sure so the general fund is the main state fund that uh that's used for general purposes General rating about 45 to $46 billion uh there's about 12 different Revenue sources in the general fund but the main ones are personal income sales and use and corporate net income taxes and there's something called the rainy day fund too that a lot of our viewers have heard about that's correct so the rainy day fund is monies that are set aside for emergency purposes uh currently that's about $7 billion so a nice uh a nice set aside right now and what might be considered an emergency you could use the rainy day fund for sure so the governor could declare an emergency and to use those monies I should note

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