Rendell tries to rein in lawmakers giddy about the state's improved financial picture
Tuesday, June 08, 2004
By Tom Barnes, Pittsburgh Post-Gazette
HARRISBURG -- If a family has to argue over money, it's better to argue over having too much rather than too little.
That's the situation that a family of 253 -- the Pennsylvania Legislature -- faces. Members flocked back to the Capitol yesterday for three final weeks of work on Gov. Ed Rendell's proposed $22.7 billion budget for the fiscal year starting July 1.
And what a difference a year makes. Twelve months ago, Rendell and legislators were wrestling with a budget deficit that was headed toward $2 billion.
But for the current fiscal year, which ends June 30, projections are for a surplus of at least $500 million. That's due to an increase effective Jan. 1 in the state's personal income tax rate, an increase in the cigarette tax, the improving economy and better-than-expected results from the sales tax and corporate tax and several hundred million dollars in spending cuts ordered by Rendell.
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http://www.post-gazette.com/pg/04160/328630.stm