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Pa. budget likely to come late, with money borrowed to fill gaps

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The budget is due Friday, but lawmakers and Gov. Wolf still aren’t offering up any concrete details.

So far, we know there’s a $1.5 billion shortfall from this fiscal year that needs to be filled.

We know lawmakers are looking for roughly $700 million to $800 million on top of that to balance next year’s spending.

We know that most of the new money will come from a gambling expansion, and according to the governor, there’s a good chance the state will borrow against some future revenue to patch its shortfall. One candidate is a large tobacco settlement fund.

But specifics are scarce. House GOP spokesman Steven Miskin, for one, had little to tell reporters.

Read the rest of this story at NewsWorks

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