It’s not looking any better for Gov. Ed Rendell’s deficit budget for the 2008-09 fiscal year.
For the third month in a row, the state took in less than it spent.
The three-month deficit in Rendell’s $28.3 billion budget now totals $281.4 million.
The Pennsylvania Department of Revenue released its monthly revenue figures, showing Pennsylvania collected $2.3 billion in General Fund revenue in September, $163.8 million, or 6.5 percent, less than anticipated.
Fiscal year-to-date General Fund collections total $5.8 billion, which is $281.4 million, or 4.7 percent, below estimate, Revenue Secretary Tom Wolf said in a written statement.
“September is the first significant collections month of the fiscal year, as quarterly corporation tax and personal income tax estimated payments were due this month,” Wolf said. “Pennsylvania has weathered the economic storm better than other states, but it’s clear that the uncertainties in the national economy are affecting our tax collections in Pennsylvania.”
Earlier this month, Gov. Rendell ordered a hiring freeze and a ban on out-of-state travel and instructed most state agencies to reduce spending by 4.25 percent to save about $200 million.
But those savings won’t even cover the $281.4 million running deficit and there are still nine more months to go in the fiscal year. Republican lawmakers want to re-open the $28.3 billion budget to find more places to cut.
Can somebody bail out Pennsylvania?
State Budget BS
This is precisely what happens when you put the cart before the horse and create your budget BEFORE you know your income. Imagine if businesses conducted themselves like that. How long do people think they’d be around if they did?
The D’s don’t care just
The D’s don’t care just look over to NJ and NY..
the idea if you don’t get it is to make everyone
a peasant with 1 set of rules for the fatcats and
another for the poor slobs. I am still waiting
for another lane to Harrisburg and King of Prussia.
Why is there only 2 lanes to Pottstown?
My best NJ story was when the paid D consultant helped
approve 3 variances with the statement I don’t know
if the General Assembly’s intent is associative or
dissassociative. It is all just a big joke to them.
It’s funny to look at the pig Rendell’s comb over though.
He couldn’t be a fatter pig. But Ridge spent a hell
of a lot money too..The pols don’t give a sxxx.
The only thing you can do is focus on your own
garden..
Post new comment