Posted on 04/28/2009 9:11:52 AM PDT by george76
A Republican-penned spending plan that allows no tax increases and slashes 5 percent from Pennsylvania Gov. Ed Rendell's proposal could pass the state Senate by mid-May, a top state senator said Monday.
Senate Appropriations Chairman Jake Corman, R-Centre, said the Republican plan seeks to stop spending growth at a time when the bottom has fallen out of Pennsylvania's tax collections.
He criticized Rendell's plan as an economic disaster in the making, saying it would use rosy revenue projections, reserves and temporary federal aid to accelerate spending beyond the ability of current tax collections to ever catch up.
(Excerpt) Read more at finance.yahoo.com ...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.