Gov. Wolf Proposes $2B In Spending Cuts To Balance Budget

Gov. Tom Wolf is proposing more than $2 billion in spending cuts to help balance the state budget. Wolf delivered his third budget speech to the state legislature this morning. It didn’t take him long to lay down a key marker — no broad-based tax hikes.However, that does mean cuts in spending to balance the budget. Addressing an overwhelmingly Republican general assembly, the Democratic governor hailed the accomplishments that both Republicans and Democrats had made together. Those accomplishments include, liquor reform, medical marijuana, more funding for schools and 82,000 more Pennsylvanians working today than two years ago when he took office. But, said Wolf, the budget deficit could be at least $2 billion in the fiscal year beginning July 1. He said it was time to get serious about balancing the budget. In order to save more than $2 billion, the governor proposed consolidating or merging a number of state agencies. He also said it was time to close corporate loopholes. The governor said his budget’s primary focus continues to be educating our children and protecting senior citizens.