Governor Shapiro's 2026-27 budget proposal has been released, with some outlets reporting it includes a federal response fund and plans to use billions from the state's rainy day fund. The proposal's impact on the state's finances is uncertain, with some reports indicating a potential deficit and others discussing tax increases and costly tax breaks. The budget's overall cost and potential effects on the state's economy are being debated, with some characterizing it as costly and potentially reckless.