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State Treasurer Torsella warns of ‘real trouble soon’ if budget mess isn’t fixed

From PennLive.com

With Pennsylvania about to enter its third week without an approved budget plan, state Treasurer Joe Torsella is warning that the state could run out of money to pay its bills as soon as the end of August.

Speaking to the Philadelphia Inquirer, Torsella, a Democrat, said the state’s cash-flow problems could last as long as eight straight months if the Republican-controlled General Assembly and the Democratic Wolf administration don’t cut a deal on a revenue plan to pay for the $32 billion spending package.

“That’s not some distant prospect,” Torsella told the newspaper. “There is going to come some real trouble soon.”

And if the state does run out of money, Wolf could be forced to make some tough cuts to state programs to save cash, he warned.

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