Governor Tom Corbett will make his budget address for the 2012-13 fiscal year on February 7 beginning at 11:30 a.m. EST.
The state government is projecting its fourth straight deficit for the upcoming fiscal year, which begins on July 1.
Aside from confirming that there will be no sales or income tax increases in the upcoming year, Corbett's staff has thus far kept quiet about what we can expect in the address. However, many predictions have been made. Funding cuts for higher education and welfare programs seem likely. A Marcellus Shale impact fee may also be discussed. While liquor store privatization may be mentioned, it is unlikely that revenue from it will be included in the budget, as it lacks support so far. The anticipated level of spending is $27 billion.
We will have full analysis of the address on "All Things Considered" on February 7, as well as "Morning Edition" and "Radio Smart Talk" on February 8. Three local capitol reporters will be joining us "Radio Smart Talk."
What would you like Corbett to announce in the address? Please share it in the comments section below. After the address, please post your reaction.
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