Friday, May 14, 2010
"A Titanic Pa. Budget Problem And Iceberg Looms"
It looks like Pennsylvania is in money trouble.
Their state elected officials recently voted themselves pay raises (in the middle of the night)...
Their state elected officials recently voted themselves pay raises (in the middle of the night)...
Bill Lawrence reports on his blog:
"With the April take in hand, Pennsylvania's General Fund revenues are $1.1 billion below estimate for the 2009-10 fiscal year, according to the state's Department of Revenue.
The fiscal year ends June 30.
Secretary of Revenue C. Daniel Hassell said the state collected $2.9 billion in General Fund revenue in April, which was $390 million,or 11.8 percent, less than anticipated.
April, of course, is a major tax collection month."
