PA Budget Watch: Revenues Improve; Addback Legislation Advances

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The budget picture in Pennsylvania has improved markedly, with FY 2011-12 revenue shortfall estimates being cut back from over $700 million to $300 million or less. The Senate has passed a preliminary budget restoring some cuts previously targeted by Governor Corbett. There now is talk about a final budget being adopted two weeks or more in advance of the June 30 constitutional deadline.

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Published In: Constitutional Law Updates, Elections & Politics Updates, Finance & Banking Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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