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Politics & Government

Wolf's Team to Release Fiscal Analysis Findings

Gov.-elect Tom Wolf says his transition team's examination of the state's fiscal situation didn't turn up any surprises, merely confirming the presence of a roughly $2 billion deficit for the fiscal year beginning in July.

Key findings from the group's report are expected to be released Friday.

"We have a mess. I knew that going in," Wolf told reporters Thursday before heading into a tour of the Pennsylvania Farm Show. "The mess is as big as I feared it was, so I have a lot of work to do — we all do."

Members of his transition team were tasked with taking a closer look at the state's structural deficit, pegged at roughly $1.9 billion about a month ago.

Wolf's staff suggested the actual deficit might be even greater. They pointed to the Corbett administration's use of one-time funding sources to balance the most recent spending plan — funds that won't be available this time around.