The General Fund budget year in Pennsylvania is July 1 to June 30. Pennsylvania does not have a constitutional requirement that a budget be in place by June 30. However, to ensure that funding for all state programs continues, the General Assembly must pass and the governor must sign the budget by midnight on June 30.
The budget process is an ongoing cycle with four major stages:
Preparation Budget development and submission to the General Assembly.
Approval Budget review and enactment by the General Assembly, and signing by the governor.
Execution Approval of agency spending plans based on enacted appropriations, known as rebudgets, and agency budget implementation; and
Audit Financial audit and program performance monitoring and evaluation.
Here is another way to look at the budget cycle:
The new fiscal year begins July 1.
Agencies submit for review rebudgets based on the newly enacted budget.
The Budget Office issues budget instructions and program policy guidelines for the upcoming fiscal year.
Agencies submit budget requests for the upcoming fiscal year.
The Budget Office and governor review agency budget requests.
The governor submits a budget proposal to the legislature; except in a year in which the governor is first inaugurated, then the budget is submitted no later than the first full week in March.
The legislature reviews the budget, conducts public hearings (House and Senate appropriations committees) and enacts budget bills for the governor's approval.
Fiscal year ends June 30.