Bulletin: Pennsylvania's Fiscal Challenges Remain Following Line-Item Veto Of Budget Bill - S&P Global Ratings’ Credit Research

Bulletin: Pennsylvania's Fiscal Challenges Remain Following Line-Item Veto Of Budget Bill

Bulletin: Pennsylvania's Fiscal Challenges Remain Following Line-Item Veto Of Budget Bill - S&P Global Ratings’ Credit Research
Bulletin: Pennsylvania's Fiscal Challenges Remain Following Line-Item Veto Of Budget Bill
Published Dec 29, 2015
Published Dec 29, 2015
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Abstract:

CHICAGO (Standard&Poor's) Dec. 29, 2015--Despite six months of deliberations, Pennsylvania's budget deliberations continue, leaving it uncertain whether legislators will act to close the state's budget gap or address its long-term pension liabilities. Our AA-/Stable general obligation (GO) rating on the Pennsylvania is still unchanged despite the political gridlock because of the state's demonstrated willingness to honor its debt obligations. We are also waiting to see how further deliberations play out as legislators have still to determine a revenue package for fiscal 2016. On Dec. 29, 2015, Gov. Tom Wolf announced that he would line-item veto the legislature's budget while providing emergency funding to public schools and social service providers. The $30.3 billion budget passed by both the house

  
Report Type:

Bulletin

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Pennsylvania's Fiscal Challenges Remain Following Line-Item Veto Of Budget Bill" Dec 29, 2015. Alacra Store. Sep 25, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Pennsylvania-s-Fiscal-Challenges-Remain-Following-Line-Item-Veto-Of-Budget-Bill-1557235>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Pennsylvania's Fiscal Challenges Remain Following Line-Item Veto Of Budget Bill Dec 29, 2015. New York, NY: Alacra Store. Retrieved Sep 25, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Pennsylvania-s-Fiscal-Challenges-Remain-Following-Line-Item-Veto-Of-Budget-Bill-1557235>
  
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