On Saturday, just minutes before the deadline, Governor Tom Corbett signed the 2012-13 budget.
 


The $27.66 billion budget was signed on time for the second consecutive year.
 
Along with the budget, the legislature agreed to adopt several initiatives such as improvements to the criminal justice system, an education reform package, and eliminating the agriculture inheritance tax.
 
This budget also continues the phase-out of the Capital Stock and Franchise tax and guarantees critical tax credit incentives for companies committed to bringing business and jobs to Pennsylvania.
 
Corbett urged caution because even with progress, there is still concern for the future with impending pension cost increases, rising debt service costs and medical cost increases.
 
To review the budget in entirety, visit www.budget.state.pa.us .