Commonwealth Of Pennsylvania Enacting A Spending Freeze To Keep Budget Balanced!

The temperature isn’t the only thing freezing in Pennsylvania:

Gov. Tom Corbett’s Budget Secretary, Charles Zogby, said today state revenues are on track to miss projections that the current budget was built on by $500 million this fiscal year.

That revenue shortfall, Zogby said, has led Corbett to task him with drawing up options for a mid-year freeze on some state spending to try to keep the overall $27.1 billion general fund budget in balance. He also said it creates a scenario in which there will likely be scant resources for any spending increases in fiscal year 2012-13, which begins July 1.

Read more : http://www.pennlive.com/midstate/index.ssf/2011/12/state_revenues_expected_to_be.html

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