HARRISBURG—Senate Appropriations Committee Chairman Jake Corman of the 34th District met with Republican and Democrat leaders from both the House and Senate today to discuss the budget shortfall in the Commonwealth. Currently, revenues are approximately $815 million below projections.
“I am pleased that leaders from both sides of the aisle are taking this economic situation seriously, and this meeting was a good start in addressing our revenue shortfall,” Corman said. “Clearly, Pennsylvania will be facing many budgetary challenges over the course of the next several months, but I see this as an opportunity to take a look at each line item in the budget to make sure it is benefitting the taxpayers of the Commonwealth.”
According to Corman, the country’s financial crisis is playing a major role in Pennsylvania’s revenue shortfall. In fact, some analysts predict by the end of the 2008-2009 fiscal year, the Commonwealth could be looking at more than a $2 billion deficit.
“Senate Republicans were very clear during this meeting that we have no appetite to increase taxes to solve this budgetary problem,” Corman said. “Without question, the Administration and the General Assembly are faced with many difficult decisions in resolving this situation. While some programs in past years served a purpose, during this complex time we must prioritize what is really vital for our citizens.
“I am confident that at the end of the day, leaders will see the merit in the Senate Republican wisdom of allowing working families and job-creators to keep more of the money they earn,” Corman concluded. “I look forward to working with caucus leaders through the budget process and hope that they come to the negotiating table with the basic premise of no tax increases.”
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