Plan taxes too much, spends too much, and fails to put Pennsylvania on a path to prosperity

Harrisburg, PA – With state budget impasse finally over, Commonwealth Foundation President Matthew J. Brouillette released the following statement: 
“This budget is highly irresponsible given the recession and the state’s mountain of unfunded liabilities. It taxes too much, spends too much, and puts Pennsylvania on an unsustainable path to the future. Even if our economy recovers to an unprecedented level in the next two years, there is no way it could produce enough tax revenue to bridge the budgetary canyon that will emerge when the federal stimulus money drops in 2010 and then vanishes in 2011, and the pension obligations for school employees and state workers come due in 2012. please read the rest at: http://www.commonwealthfoundation.org/research/detail/this-is-the-budget-we-waited-for