Top State Lawmakers Predict Massive PA Deficit

10/07/2008 12:11 pm
Comments: 0 (View)

Two senior state legislators say Pennsylvania's state government could be looking at massive deficits that will have to be addressed in the spring.

The legislators, state Senators Vincent Fumo and Gibson Armstrong, say they don't see a way out of the problem without raising taxes. If spending isn't cut and taxes aren't increased, they say a deteriorating economy and rising costs could leave a deficit of at least $2.5 billion in June 2010.

In July, Governor Ed Rendell signed a $28.3-billion budget that raised spending by 4-percent. But Fumo and Armstrong say there isn't enough time in the fall legislative session to address the budget. They say that will have to happen next year.

© Copyright 2004-2008 by WRTA.com

 

Comments: (0)

You must be logged in to post comments. - Login | Register (free!)