HARRISBURG — Rep. Jason Ortitay (R-Washington/Allegheny) issued the following statement in response to the $317 million deposit made in the state’s Rainy Day Fund today:
“This may not seem like a big deal, but it has been a long time since a sum this large has been placed into the Rainy Day Fund. People might be thinking, what good does this do me? Like most governments, Pennsylvania has a lot of debt and by placing money in our savings account, it will improve our bond rating and allow the state to save millions of dollars in interest payments. We should continue building the Rainy Day Fund to prepare for any downturns in the economy and work to reform our broken tax system.”
The 46th Legislative District includes Collier and South Fayette townships and Bridgeville, Heidelberg, McDonald and Oakdale boroughs in Allegheny County. It also encompasses Canton, Cecil, Mt. Pleasant, Robinson and Smith townships, and Burgettstown, McDonald and Midway boroughs in Washington County.
Representative Jason Ortitay
46th Legislative District
Pennsylvania House of Representatives
Media Contact: Tracy Polovick