Ratings agencies see much not to like in Pennsylvania budget

Written by The Associated Press | Mar 26, 2016 9:49 AM

FILE PHOTO: Gov. Tom Wolf speaks at a news conference in his Capitol offices on Monday, March 7, 2016, in Harrisburg. (AP Photo/Marc Levy)

(Harrisburg) -- In the days after Democratic Governor Tom Wolf finally put a stake in the Pennsylvania budget impasse that has captured the Capitol for more than a year, his office wasted no time in publicizing three analyses by financial firms that delved into what it means for the state's future.

The reviews were anything but positive. 

The administration late this week highlighted reports from Moody's Investors Service, Standard & Poor's Ratings Services and PNC Financial Services Group.

Each one found much to criticize in how Pennsylvania policymakers are doing their jobs.

Both the House and the Senate will return to session April 4, and face a soft deadline of June 30 to pass a 2016-17 state budget.

What they'll produce is anybody's guess.

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