HARRISBURG, PA – Pennsylvania could own a bunch of professional sports team if it wanted.
OK, maybe we’re taking some liberty with that, but there is some math to back it up. If Gov. Tom Wolf’s budget is enacted exactly as he presented it earlier this month, the state’s total operating budget would soar to $78.6 billion, the highest level ever.
To put that in perspective, it’s enough to buy all 32 teams in the National Football League, based on average team values compiled by Forbes.com. And then for fun, the state still could buy all 30 teams in Major League Baseball and have enough left to build a few state-of-the-art stadiums.
Of course, that’s assuming the state would spend nothing on its actual responsibilities, like public education and roads and bridges. But for our purposes, it helps illustrate the sheer volume of state spending that’s on the table.