HARRISBURG, Pa. — With just two weeks left before the June 30 budget deadline, the state’s Independent Fiscal Office has released its latest revenue projections.
And, yeah, Pennsylvania still has a problem.
The IFO projected Monday that 2013-14 general fund revenues will be $28.54 billion. That’s $572 million below earlier expectations and $103 million less than the past fiscal year, according to the IFO.
It’s no surprise, as revenues have come in low all spring and appear to be headed that way again this month.
Next year’s revenues are projected to rebound to about $29.45 billion, but that’s still $870 million less than the estimates from February’s executive budget, according to the IFO. That makes a two-year difference of $1.44 billion.
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2 comments:
The real surprise is the voters keep putting liberals in!
4:11
Clearly. Especially since republicans hold a majority in the state house and state senate...
Did I mention the governor is a republican? More proof that political parties don't matter, they are all pretty irresponsible.
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