Originally published in The Morning Call
Here is what Pennsylvania taxpayers can expect from Harrisburg over the next two years: overspending and massive deficits. That’s according to the latest Independent Fiscal Office forecast of state revenue and spending.
The prediction includes annual deficits of nearly $2 billion beginning in fiscal year 2023-2024, caused by lower revenue (and higher inflation). Meanwhile, state government spending is set to grow nearly $4 billion over the next two years.
Read more at The Morning Call