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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