Gov: Deficit Could be $2.3 Billion

Governor Ed Rendell today provided an update to Pennsylvania’s budget situation and discussed steps to address an anticipated $2.3 billion shortfall in the fiscal year ending June 30th.

The governor said he will help to close the gap by using a larger portion of the anticipated federal stimulus package, and asking the General Assembly to give back to the state nearly $175 million that lawmakers are holding in surplus funds.

Rendell said he will continue to monitor the budget and make strategic cuts as needed. He is expected to announce his budget plan for the 2009-10 fiscal year in early February

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