Lawmakers say taxpayers may make up budget shortfall from failed stocks

    By: Scott Detrow

    Pennsylvania’s two primary public pension programs lost more than 28 billion dollars last year, mostly due to the fallling stock market. During yesterday’s budget hearing in Harrisburg, officials told members of the House Appropriations Committee that taxpayers may have to make up the shortfall. WHYY’s Scott Detrow reports.

    By: Scott Detrow

    Pennsylvania’s two primary public pension programs lost more than 28 billion dollars last year, mostly due to the fallling stock market. During yesterday’s budget hearing in Harrisburg, officials told members of the House Appropriations Committee that taxpayers may have to make up the shortfall. WHYY’s Scott Detrow reports.

    [audio: reports20090218taxpayers.mp3]

    Want a digest of WHYY’s programs, events & stories? Sign up for our weekly newsletter.

    It will take 126,000 members this year for great news and programs to thrive. Help us get to 100% of the goal.