The Pennsylvania legislature has been on a budget stalemate for three months. The situation prompted the S&P to downgrade its credit rating last week.
Yesterday, there are signs that Pennsylvania lawmakers are close to reaching a budget agreement. The state lawmakers approved a $32 million budget, but were unable to agree on how to address a $2.2 billion revenue deficit.
According to the spokesman for Pennsylvania House Republicans, recent negotiations to end the budget stalemate were productive.
House Republicans to present budget plan next week
Caucus spokesman Steve Miskin said Governor Tom Wolf has been helpful in the negotiations. Miskin expected a positive development on the budget deal next week.
According to him, Pennsylvania House Republican leaders are still working out details. They are hoping to present a plan to their colleagues next week.
On the other hand, House Majority Leader Dave Reed sent a letter to his colleagues indicating that the budget discussions have been “productive and positive.” They expect to share their budget proposal next week.
