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we are in a strong position with an eight billion dollar budget surplus

Overstated

Josh Shapiro, at Pennsylvania Governor General Election Debate (abc27)

15 hr
Why this verdict View evidenceHide evidence
Why we checked itA specific dollar figure for Pennsylvania's budget surplus is a concrete, verifiable financial claim that could be accurate or overstated.
What we foundPennsylvania does have approximately $8 billion, but it resides in the restricted Rainy Day Fund — an emergency reserve — not a freely available budget surplus; the general fund surplus is far smaller and the state carries a ~$5 billion structural deficit.
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