Independent Fiscal Office warns Pa.’s structural deficit could balloon if no action taken

This story was originally published by Pennsylvania Capital-Star The commonwealth’s structural deficit could exceed $7 billion by 2030 unless state lawmakers can cut spending or find new sources of reliable revenue, according to a new report from the Independent Fiscal Office. That’s up from more than $4.5 billion in the last fiscal year. The structural deficit is a measure of how much more money the state is spending than it’s bringing in. While lawmakers have found ways to balance recent budge...