Gov. Wolf: Structural Deficit Is $2.3 Billion, Before Adding Any Spending

Gov. Wolf Monday gave a budget briefing on what he said is a $2.3 billion structural deficit before adding any additional spending the Governor or Senate or House wants.

Wolf said if the state is not able to balance the budget “without gimmicks,” there will be further damaging cuts to basic and higher education, continued underfunding of human service needs and an expansion of waiting lists for services, increased property taxes, and additional credit downgrades leading to higher borrowing costs.

The Governor said he was doing the briefing in preparation for the expected House vote Wednesday on his proposed budget and tax increases.

Click Here for a video of the briefing.  Click Here for the PowerPoint presentation.

NewsClips:

Wolf: State Needs Broad-Based Tax Increase To Avoid Deficit

Wolf Says Deal On Taxes Need To Avoid Steep Spending Cuts

Wolf: Once-In-A-Generation Budget Vote

Analysis: How Truth Became A Casualty In Budget Debate