HARRISBURG, Pa. - Halfway through Pennsylvania's fiscal
year, the state government revenue shortfall is already approaching a
half-billion dollars, according to revenue figures the Corbett
administration released Tuesday.
Overall collections trailed estimates by 4 percent, or $487 million through December, and most major tax lines lagged estimates for the month and the year to date.
Gov. Tom Corbett's office said he has extended a pay freeze for thousands of nonunion management employees in the executive branch, as well as himself and members of his Cabinet, but it was unclear whether that would produce significant savings.
Corbett spokesman Kevin Harley said other austerity initiatives "will be forthcoming" from the administration, but he declined to elaborate.
Overall collections trailed estimates by 4 percent, or $487 million through December, and most major tax lines lagged estimates for the month and the year to date.
Gov. Tom Corbett's office said he has extended a pay freeze for thousands of nonunion management employees in the executive branch, as well as himself and members of his Cabinet, but it was unclear whether that would produce significant savings.
Corbett spokesman Kevin Harley said other austerity initiatives "will be forthcoming" from the administration, but he declined to elaborate.