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Libertarian Party of Pennsylvania3915 Union Deposit Road #223
Harrisburg, PA 17109
www.lppa.org
For Immediate Release: March 9, 2009
Contact: Doug Leard (Media Relations) at Media-Relations@lppa.org or
Michael Robertson (Chair) at 1-800-R-RIGHTS / chair@lppa.org
Harrisburg, PA –
Last week, the acting Secretary of Revenue Stephen H. Stetler reported that, during February, Pennsylvania collected $1.5 billion, $196.8 million (11.6 percent) less than anticipated. The $196.8 million deficit was more than double the $79 million deficit that Governor Rendell projected for February just two months ago. Fiscal year-to-date General Fund collections are now $1.3 billion, or 7.9 percent, below estimate.
In his December mid-year budget briefing, Governor Rendell projected that the fiscal year shortfall could reach $1.6 billion. Two months later, a budget shortfall of $2.3 billion, 30% higher, appears more likely.
Per LPPa Media Relations Chair, Doug Leard, “Governor Rendell’s spending habits have created a budget crisis in Pennsylvania. I hope Pennsylvanians across the Commonwealth will call on the governor and the legislature to join us during this economic downturn and severely tighten their spending belts.”
This year’s shortfall exceeds the entire twelve-month shortfalls for fiscal years 1990-91 and 2002-03. These shortfalls resulted in the two largest tax increases in Pennsylvania history.
“The shame is that the deficit could easily have been avoided,” added Leard. “Harrisburg has been on a spending spree since Governor Rendell took office.”
The numbers bear this out. Between fiscal years 2002-03 and 2008-09, total state spending has increased 35.8% ($16.2 billion), more than twice inflation (17.4%).
Michael Robertson, LPPa Chair, concluded “Spending in the commonwealth must be brought under control. Unless spending is reduced, the legislature will likely increase tax rates despite federal assistance, further inhibiting economic activity in an already dismal business climate. We cannot eliminate problems caused by debt by continuing to spend beyond our means.”
The Libertarian Party is the third largest political party in Pennsylvania and the United States. More than 200,000 people across the country are registered Libertarians, and Libertarians serve in hundreds of elected offices. Please visit www.LP.org or www.LPPA.org for more information.
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Posters Commentary: One is reminded of California where they got rid of Davis & elected the Spendinator to get the budget under control. Sad joke. Fast Eddie Spendell (Gov. Ed Rendell) campaigned on a save money platform. Another sad joke. When will people finally wake up to the fact that the politicians are out to loot them for the special interest's sake?
