Wednesday, March 31, 2010

Senator Jake Corman- $1 Billion Deficit By July

Pa. lawmaker says $1B deficit is possible by July By MARC LEVY (Associated Press) Published: March 31, 2010 in the Times-Tribune

Back in February Todd Eachus made the claim that there shouldn't be any budget problems this year. He projected an approximate $500,000.00 shortfall in the 2010-11 budget.

One problem. As previously reported he skipped over this year's budget problems.

The Pennsylvania House announced three days ago that it approved a roughly $29 billion budget 100 days ahead of time as written in this report on PennLive.com by Kari Andersen. That press release was really only a symbolic gesture since the Senate won't take it up until next month after it sees how this year's budget is fairing out.

As the first headline indicates Pennsylvania is headed toward a $1 billion dollar deficit this year. If that figure comes to fruition it will signal a necessity to cut heavily in next year's budget if the salons want to exercise fiduciary responsiblity in spending taxpayer dollars. A dismal outcome could point to a $27 billion budget, not $29 billion.

Eliminate per diems, eliminate cell phones, eliminate travel expense, have legislatures pay towards their health care costs, eliminate franking, reduce legislative staff, consolidate legislative districts...cut, cut, and cut. The chance of those actions happening, slim to none.

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