7/12/17
by News Department on 07/12/17PA Budget...
Pennsylvania lawmakers are to return to the Capitol for another session day, but without an agreement to fully fund the $32 billion budget bill they passed nearly two weeks ago and with the threat of a credit downgrade looming to the state’s bruised credit rating.
The budget bill became law Tuesday, even though it is badly out of balance. Democratic Gov. Tom Wolf declined to veto the bill as he presses the Republican-controlled Legislature to approve a tax package big enough to avoid a credit downgrade.
Wolf’s decision came in a statement Monday, after the collapse of down-to-the-wire negotiations and hours before the nearly $32 billion spending bill was to become law without his signature at midnight.
Wolf wrote in his statement that he hoped lawmakers could come together in the coming days to responsibly balance a budget plan with a projected $2 billion hole in it.
