Budget Negotiators Have Defined Pennsylvania’s ‘Structural Deficit’ at $1.2 Billion

Pennsylvania’s budget negotiators appear to have reached a qualified agreement in their quest to hammer out a new spending plan for state government. Not the agreement. But an agreement, and that’s some progress. The agreement in question is — at least as confirmed by several legislators and senior staffers Monday — that the state needs $1.2 billion to cover one-time revenue sources tapped this fiscal year, plus major mandated costs looming for the next.

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Source: Pennlive.com, June 15, 2015; PSBA Daily Edition, June 16, 2015.