State Treasurer Lays Out The Good And The Bad Of PA Finances

Pennsylvania's Treasurer had some good news and bad news on the state of Pennsylvania's finances during budget hearings this week. During testimony before the House Appropriations Committee, state Treasurer and Berwick native Joe Torsella said the state deposited 22 million dollars into its Rainy Day Fund last year, the first such cash infusion in more than a decade. He added, though, that the state needs at least ten times that amount to weather a recession, and even though the state is running a budget surplus, that could change partly due to continued borrowing.