Jul. 12, 2018

HARRISBURG – Rep. Frank Ryan (R-Lebanon) today offered comments regarding Gov. Tom Wolf’s press conference on putting $22 million into the state’s Rainy Day Fund.

Ryan issued the following remarks:

“I am pleased Gov. Tom Wolf took a moment today to highlight the $22 million surplus for the state’s Rainy Day Fund that was mandated by the Republican majorities in the General Assembly.

“The actual financial implications are: The state had to borrow $1.5 billion because of the financial irresponsibility of a few years ago. So, instead of us putting $22 million dollars back, we should be looking at this as $22 million that actually cost us $1.5 billion.

“House Speaker Mike Turzai (R-Allegheny), the rest of the House leadership and the Senate held firm and brought us to the point where we can begin to recover, but only if we maintain fiscal responsibility.

“This is the reason we held out against Gov. Tom Wolf’s proposed massive tax increases for the past four years. We knew any short-term hardship that might be felt would be well worth the long-term gain.

“The only reason I voted against the budget is because I did not see the governor and the executive branch responding to the $800 million in the auditor general’s findings.

“Instead of celebrating $22 million being returned, we should be asking where is the $2.3 billion of administration borrowings and auditor general findings?”

Representative Frank Ryan
101st Legislative District
Pennsylvania House of Representatives

Media Contact: Charles Lardner
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